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BP and SOCAR fortify energy ties

UK-headquartered energy giant BP and the State Oil Company of the Republic of Azerbaijan (SOCAR) have signed on the dotted line to strengthen their energy bonds. The post BP and SOCAR fortify energy ties appeared first on Offshore Energy.

Worley and Baker Hughes embarking on integrated lower-carbon LNG quest

U.S.-headquartered energy technology giant Baker Hughes and Australia’s engineering player Worley have joined forces to pursue opportunities in the liquefied natural gas (LNG) sector, spurred by rising LNG demand across the globe. The post Worley and Baker Hughes embarking on integrated lower-carbon LNG quest appeared first on Offshore Energy.

Rig job for Southeast Asian development campaign goes to PV Drilling

Vietnam’s Petrovietnam Drilling & Well Service Corporation (PV Drilling) has been hired on a jack-up assignment for a development drilling program at a field off the coast of Vietnam, Southeast Asia. The post Rig job for Southeast Asian development campaign goes to PV Drilling appeared first on Offshore Energy.

Norwegian oil & gas cash flow surpasses $74 billion as investment bill hits $30.71B

As the Norwegian Continental Shelf (NCS) continues to attract new investments into oil and gas exploration and production (E&P) activities amid the global energy security concerns spurred by the Middle East conflict, Norway has upped its net cash flow ante from the petroleum sector, with billions added to the country’s coffers in 2026 compared to last year. The post Norwegian oil & gas cash flow surpasses $74 billion as investment bill hits $30.71B appeared first on Offshore Energy.

Uncertainty hovers over South African drilling ops, as oil push hinges on appeals outcome

While a specialist panel is being set up to review appeals, clouds still obscure the exact timing of hydrocarbon exploration activities, which are poised to begin once an environmental go-ahead is in hand, enabling the first well to be spud at an offshore block in South Africa’s Orange Basin. The post Uncertainty hovers over South African drilling ops, as oil push hinges on appeals outcome appeared first on Offshore Energy.

TotalEnergies’ 750-million-barrel project offshore Namibia targets first oil in 2030

France-headquartered energy giant TotalEnergies is setting the stage to bring online its deepwater oil discovery in the Orange Basin off the coast of Namibia, as the African country enhances port infrastructure and policy framework ahead of the project launch, which is seen as a growth driver for the nation’s offshore energy industry. The post TotalEnergies’ 750-million-barrel project offshore Namibia targets first oil in 2030 appeared first on Offshore Energy.

Big Oil’s offshore drilling plans spotlight West Africa’s deepwater hydrocarbon potential

France-headquartered energy giant TotalEnergies and its U.S.-based peer Chevron have set the wheels in motion to embark on offshore drilling and appraisal activities off the coast of Nigeria in search of more deepwater oil and gas arsenal in West Africa. The post Big Oil’s offshore drilling plans spotlight West Africa’s deepwater hydrocarbon potential appeared first on Offshore Energy.