Oil & Gas

Petrogas E&P Netherlands B.V. has exercised an option with Maersk Drilling to extend the current contract of jack-up rig Maersk Resolute.

INPEX announced today that the INPEX-operated Ichthys LNG Project recently commenced shipment of liquefied natural gas.

BP has started production at its deepwater Thunder Horse Northwest Expansion project in the U.S. Gulf of Mexico (GoM), marking the fourth major project startup for the British major this year.

Global natural gas markets are being reshaped by the development of major emerging LNG buyers led by China, and the rising production and exports form the U.S.

The COSL jackup HYSY 937 has spudded the Paus Biru-1 exploration wellin the Sampang PSC, offshore Indonesia.

Tidewater and GulfMark Offshore have announced the filing of a joint definitive proxy statement and prospectus with the US Securities and Exchange Commission regarding their pending merger.

Shell, through its affiliate Shell Overseas Holdings Limited, has reached an agreement with publicly listed Norwegian Energy Company ASA, to sell its shares in Shell Olie-og Gasudvinding Danmark B.V. for a consideration amount of $1.9 billion.

Firmer oil prices and improving sentiment have been catalysts for several key strategic moves in recent days, as offshore contractors align themselves to make the most of the imminent upturn.

Solstad Offshore has been awarded long-term contracts in the UK North Sea for two of its PSVs by Fairfield Betula Ltd.

A new insurance package will cover liabilities and losses incurred during towage, tug, offshore oil and gas and renewables operations.

Aker BP has agreed to buy Equinor’s 77.8 percent stake in Norway’s King Lear gas and condensate discovery for $250 million in cash, the two companies said on Monday.

Stratas Advisors sees North America as the main pivot point behind the future of the LNG industry through 2030.