North America dropped eight rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was released on August 21.
Australia’s biggest oil and gas producer Woodside Energy Group Ltd. is scaling back its clean energy ambitions to double down on fossil fuels, saying all its investments must compete equally for capital.
Equinor is targeting 950,000 boed of equity production outside Norway by 2030, up from 750,000 boed in second-quarter 2026, as the company concentrates investment in a smaller international portfolio led by the U.S., Brazil and Angola.
Spirit Energy has completed a £40 million ($55 million) decommissioning campaign in the UK North Sea, plugging and abandoning three subsea wells and removing more than 234 tonnes of offshore infrastructure.
SLB has been selected as strategic reservoir partner for the Havstjerne carbon storage project in the Norwegian North Sea, providing technology and engineering services as the development advances through concept and front-end engineering and design (FEED).
bp has awarded Halliburton an integrated drilling services contract for the first appraisal campaign at the Bumerangue field offshore Brazil, as the operator moves to further evaluate its deepwater discovery.
The federal government is putting another 3,388 acres of public mineral estate on the auction block for oil and gas development in Montana and the Dakotas.
Crude oil prices dipped earlier today following news reports about Iran and Oman renewing their talks about joint management of the Strait of Hormuz, as those reports were taken to mean the waterway could soon reopen for normal traffic.
Norway’s energy major Equinor hopes to make a “pretty big” oil discovery offshore Namibia, the global exploration hotspot it has just entered, a senior company official said on Tuesday.
On Monday, NNPC Ltd and the OML 118 contractor parties – Shell Nigeria Exploration and Production Company (SNEPCo), as operator, Esso Exploration and Production Nigeria (Deepwater) and Nigerian Agip Exploration – executed addenda to the OML 118 Production Sharing Contract and Dispute Settlement Agreement, clearing a fiscal and legal hurdle for the deepwater Bonga South-West/Aparo (BSWAp) project as it advances toward a Final Investment Decision.