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Market Report: 'Transformation' on the Horizon in the Offshore Rig Market

Aug 02, 2021

The offshore drilling rig market is showing remarkable signs of recovery despite having faced severe headwinds of late. Throw the “green” rig revolution and further consolidation into the mix, and the next few years could be a period of real transformation for the industry.Rewind to July 2020, oil and gas companies were cancelling rig contracts left, right, and center. Many campaigns that were not…

What to Watch in '24: Global Exploration Outlook

Dec 27, 2023

Industry continues chasing big oil, key gas targets also on the radarGlobal exploration drilling is set for a boost in 2024 – we have line of sight on over 200 wells targeting over 30 bnboe of resource (unrisked). Several gas hotspots are on the industry agenda…

IEA Says World Oil Demand to Rise 2% in '23

Jun 15, 2022

World oil demand will rise more than 2% to a record high of 101.6 million barrels per day (bpd) in 2023, the International Energy Agency said on Wednesday, although sky-high oil prices and weakening economic forecasts dimmed the future outlook…

Report says BHP Mulls Oil & Gas Exit

Jul 20, 2021

Global miner BHP Group is considering getting out of oil and gas in a multibillion-dollar exit as it looks to speed up its retreat from fossil fuels, Bloomberg News reported on Tuesday, citing people familiar with the matter.The world's biggest…

Oil Profits Soar: Oil Majors Shed Pandemic Blues

Apr 29, 2021

Europe's major energy companies profited from a rise in oil prices to report big increases in first-quarter earnings on Thursday, putting the worst of the pandemic era slump in fuel demand behind them.Last year's demand collapse forced BP, Royal…

Current News

EU to Investigate Chinese Wind Turbine Suppliers

EU to Investigate Chinese Wind Turbine Suppliers

Russian Oil Companies Told to Boost Fuel Supply to Domestic Market

Russian Oil Companies Told to Boost Fuel Supply to Domestic Market

Borr Drilling Nets Close to $160M in Fresh Contracts for Three Jack-Ups

Borr Drilling Nets Close to $160M in Fresh Contracts for Three Jack-Ups

Papua LNG Project Requires 'More Work' to Reach FID, TotalEnergy Says

Papua LNG Project Requires 'More Work' to Reach FID, TotalEnergy Says

MOL Puts FSRU for Indonesia's Jawa 1 LNG Power Plant Into Operation

MOL Puts FSRU for Indonesia's Jawa 1 LNG Power Plant Into Operation

Yinson Holds Naming Ceremony for Brazil-Bound ‘Greener’ FPSO

Yinson Holds Naming Ceremony for Brazil-Bound ‘Greener’ FPSO

Sapura Energy to Provide Subsea Services for Shell Off Malaysia

Sapura Energy to Provide Subsea Services for Shell Off Malaysia

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