A.P. Møller Holding A/S (A.P. Moller Holding) today announces that it has entered into an agreement to acquire Maersk Supply Service A/S (Maersk Supply Service) from A.P Møller – Mærsk A/S (A.P. Moller – Maersk). The ambition is to establish a leading offshore marine company servicing the offshore wind industry by building on the solid […]

TGS, a global provider of energy data and intelligence, in a consortium with CGG and BGP,  has announced the completion of Phase IV of the deepwater 3D seismic survey offshore Suriname. Fast-track products for this recently completed Phase IV will be ready for review towards the middle of this year, with the final products for […]

Sarawak Shell Berhad (SSB), a subsidiary of Shell plc, has completed the previously announced sale of its stake in two offshore production sharing contracts (PSC) in the Baram Delta to Petroleum Sarawak Exploration & Production Sdn. Bhd. (PSEP). The sale concerns non-operated interests of 40% in the Amended 2011 Baram Delta EOR Production Sharing Contract (BDO PSC) […]

Sequel to recent announcement made by Aquadrill on its new drilling campaign in East Africa, Shelf Drilling has also made a disclosure of the company’s award of a two-year contract for the Shelf Drilling Scepter for drilling operations offshore Nigeria. The drilling contract which is valued for the firm period, including mobilization revenue, is approximately […]

Aquadrill and a subsidiary of Vantage Holdings International have reached an agreement to provide the Capella, an MPD outfitted 6th generation drillship, for a one well contract for operations in East Africa. The total contract value for the contract is expected to be approximately $37 million. Work is expected to commence in mid-April 2023 and […]

Baker Hughes, an energy technology company, and HIF Global, the world’s leading eFuels company, announced their agreement to cooperate on the development of technology to capture carbon dioxide directly from the atmosphere (“CO2 Direct Air Capture” or “DAC”). More specifically, HIF Global and Baker Hughes intend to test Baker Hughes’ Mosaic DAC technology pilot units […]

The volume of gas flared by oil and gas companies operating in Nigeria in 2022, dipped by 13.6 per cent to 224.9 billion standard cubic feet (SCF), compared with 260.3 billion SCF of gas flared in the 12-month period of 2021, according to statistics released by the National Oil Spill Detection and Response Agency (NOSDRA) […]

Equinor has signed an agreement to acquire equity interest in five discoveries in the Troll, Fram and Kvitebjørn area in the North Sea on the Norwegian continental shelf (NCS) from Wellesley Petroleum AS. Since 2019, Equinor has made seven discoveries in this area. The transaction adds to Equinor’s equity share in the following discoveries: An […]

EBITDA for the fourth quarter of 2022 was USD 21.8 million, down from USD 61.5 million in the third quarter of 2022, mainly due to a decrease in the realised oil price. One lifting to BW Energy is scheduled in the first quarter of 2023. The drilling campaign at the Hibiscus field commenced at the […]

Chevron Corporation, through its subsidiary Chevron Shipping Company LLC, has announced entrance into an agreement with Sembcorp Marine Repairs & Upgrades Pte. Ltd, a wholly owned subsidiary of Sembcorp Marine Ltd. (Sembcorp Marine), intending to reduce the carbon intensity of their LNG fleet operations. Under the agreement, with Sembcorp Marine’s support, Chevron will install new […]