Russia, the world’s largest country by landmass, has a multi-prong strategy to confront climate change, by further developing its human capital, natural gas, hydrogen, and renewable assets, says a senior national energy policymaker.

It goes without saying that the past year has been unprecedented for not just the offshore rig market, but the oil and gas industry as a whole.

Lundin Energy Norway AS, operator of production license 359, has concluded the drilling of wildcat well 16/4-13 S. 

ASCO Norge AS has been awarded the contract as the preferred base supplier for INEOS Oil & Gas Norway’s first drilling operation on the Norwegian Continental Shelf.

The American Petroleum Institute (API) and the African Energy Chamber (AEC) have signed a Memorandum of Understanding (MOU) to collaborate on capacity building initiatives and standardization to enhance safety, environmental protection and sustainability in African countries producing natural gas and oil.

With its inception in 2018, GIPEX has emerged as one of the most recognized and future-oriented Oil & Gas event in the Caribbean Region. Over these years, GIPEX continues to attract and assemble the entire oil and gas value-chain and offers them an ideal platform to connect and collaborate with peers, exchange new ideas and explore promising business avenues in Guyana’s burgeoning hydrocarbons market.

Talos Energy Inc. has announced that the unitization process of the Zama field will enter its next phase, as established in Mexican regulation.

BW Offshore has signed a contract with Santos Ltd. for the supply of a FPSO for the Barossa gas field 300 kilometers offshore Darwin in Australia. The contract is subject to Final Investment Decision (FID) by Santos and its partners.

PGS has been awarded a high-fidelity 3D exploration program by a supermajor offshore Egypt.

LYTT, an energy tech company delivering real-time insights to oil and gas operators by combining fiber optic data with hybrid analytics, has successfully deployed its leading technology at bp’s Clair Ridge installation west of Shetland, helping to enhance production up to 2,000 bpd.

The Gas Exporting Countries Forum (GECF) supports the intention of the EU to consider gas as a sustainable source of energy under the new green labelling system, the Secretary General of the association of 19 leading gas-exporting countries has said.

RigQuip Drilling Services has signed a Memorandum of Understanding with Zamil Shipyards to open a base in Dammam, Saudi Arabia. The collaboration will offer both companies’ clients drilling equipment inspection and service, combined with berthing and full maintenance, repair, and operating shipyard services.

Santos, as operator of the Barossa joint venture, has announced a final investment decision (FID) has been taken to proceed with the US$3.6 billion gas and condensate project, located offshore the Northern Territory.

Noble Corporation and Pacific Drilling Company LLC announced that they have entered into a definitive merger agreement under which Noble will acquire Pacific Drilling in an all-stock transaction. 

Subsea UK has announced that its Subsea Asia event will return this November. The two-day conference and exhibition will take a deep dive into the changing outlook for the Asian energy market and provide a platform for the subsea supply chain to promote its technologies and capabilities into this fast-growing market.  

Equinor and partners Vår Energi, Idemitsu Petroleum and Neptune Energy have made the biggest discovery so far this year on the Norwegian continental shelf (NCS).