At least three Danish institutional investors support a shareholder resolution urging Nordea, the Nordic region's biggest bank, to stop financing companies expanding Arctic oil and gas production due to environmental risks.Pension funds Akademiker…
Borr Drilling has entered into definitive agreements to acquire five premium jack-up rigs from Fontis Finance for a purchase price of $287 million.The acquisition will be completed through BC Ventures Limited, a newly established 50/50 joint…
Arcius Energy, a joint venture between BP and ADNOC, is set to begin drilling two offshore gas exploration wells in Egypt’s Mediterranean waters as part of the country’s wider upstream expansion plans.The campaign will target the Atoll West…
A joint venture by Energean, ExxonMobil and Helleniq Energy has notified Greece it would look for gas in a western offshore bloc, the nation's hydrocarbons management agency said on Thursday, a move that would involve the first test drilling in the country for decades…
Tampnet won a contract with Porthos CO2 Transport and Storage C.V. to deliver communications infrastructure for what will be the first CO₂ injection platform on the Dutch Continental Shelf.The project centers on Platform P18-A, a former gas…
Ukraine's Naftogaz, which discovered 'substantial' offshore gas reserves in the Black Sea before Russia's invasion, is in talks with Romania's OMV Petrom to form a partnership relating to the field, three industry sources told Reuters.The sources…
The drilling results from Shell’s Sirius 1X exploratory well in the Mediterranean Sea offshore Egypt have shown encouraging initial indications, Egypt’s Ministry of Petroleum and Mineral Resources said in an update.The well is operated by Shell…
Sunda Energy, through its subsidiary SundaGas Banda Unipessoal, has been awarded an environmental license for the drilling of the Chuditch-2 appraisal well offshore Timor-Leste.SundaGas operates the TL-SO-19-16 production sharing contract in the country’s offshore waters…
Archer has secured a three-year contract extension with a major operator on the Norwegian continental shelf under a long‑term frame agreement for the provision of wireline services.Based on 2025 activity levels, annual revenue from this contract…
Equinor has made two hydrocarbon discoveries in the North Sea, finding oil in the Troll area and gas and condensate near the Sleipner hub, with both considered commercially viable.The Byrding C discovery was made about five kilometers northwest…
The Bureau of Ocean Energy Management has released the 2026 National Assessment of Undiscovered Oil and Gas Resources, an estimate of the undiscovered, technically and economically recoverable oil and natural gas resources outside of known oil and gas fields on the U…
2025 was a year of recalibration, continuing the softness experienced since the fourth quarter of 2024. Rather than a slowdown, this period can be better described as a collective deep breath as the industry prepares for the next upcycle in the Asian Pacific region…
Offshore drilling contractor Borr Drilling has placed three jack-up rigs on standby in the Arabian Gulf following recent hostilities in the region arising from the U.S.-Israel and Iran war.The company has four jack-up rigs deployed in the area…
VAALCO Energy has completed drilling the ET-14P exploration well at the Etame field offshore Gabon as part of its Phase Three drilling program and plans to sidetrack the well to drill a development target.The ET-14P well encountered 10 meters…
Valeura Energy has completed an infill drilling campaign at the Manora field in the Gulf of Thailand, bringing three new wells online and increasing oil production from the asset.The campaign was carried out from the Manora A platform on Block G1/48…
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