Fossil Energy – New Company
Equinor and Shell have completed a deal to combine their UK offshore oil and gas operations to form a new company.
[Read more…] about Equinor and Shell complete formation of AduraEquinor plans 250 exploration wells in Norway by 2035
Fossil Energy – Equinor
Equinor plans to drill 250 oil and gas exploration wells in Norwegian waters over the next 10 years to achieve a goal of sustaining output in 2035 at 2020 levels, driven by expectations of prolonged fossil fuel demand.
[Read more…] about Equinor plans 250 exploration wells in Norway by 2035Approval of three-year extension by NSTA
Fossil Energy – Pilot Field
Orcadian Energy has secured a three-year extension for its Pilot Licence P2244, now valid until December 1, 2028.
[Read more…] about Approval of three-year extension by NSTACNOOC to play greater role in T&T’s energy sector
Fossil Energy – Trinidad and Tobago
This week, executives from the China National Offshore Oil Corporation (CNOOC) met with the Ministry of Energy and Energy Industries in Trinidad and Tobago to discuss expanding the company’s presence in the country’s energy sector.
[Read more…] about CNOOC to play greater role in T&T’s energy sectorVår Energi’s appraisal well confirms Barents Sea oil find
Fossil Energy – Oil Discovery
Vår Energi has confirmed its Zagato oil discovery in the Barents Sea following successful results from appraisal well 7122/8-4 S, which was drilled just north of the Goliat field by the COSL Prospector rig.
[Read more…] about Vår Energi’s appraisal well confirms Barents Sea oil findExpansion Perenco Southern North Sea portfolio
Fossil Energy – Perenco
Perenco UK announced the expansion of its Southern North Sea portfolio with the acquisition of a 50% operated interest in the Blythe and Elgood fields from CalEnergy, part of the former IOG Saturn Banks portfolio.
[Read more…] about Expansion Perenco Southern North Sea portfolioStrategic partnership Chevron and Petrovietnam
General – Partnership
Recently, Petrovietnam Deputy CEO Lê Xuân Huyên hosted a working session with a delegation from Chevron at Petrovietnam Headquarters in Hanoi.
[Read more…] about Strategic partnership Chevron and PetrovietnamStaatsolie signs contracts for Block 9 & Block 10
Fossil Energy – Suriname
On Wednesday, November 5, 2025, Staatsolie Maatschappij Suriname signed Production Sharing Contracts (PSCs) for offshore Blocks 9 and 10.
[Read more…] about Staatsolie signs contracts for Block 9 & Block 10Valaris scores $190M new offshore drilling and wind contracts
General – Contracts
Offshore drilling contractor Valaris has secured a series of new contracts and extensions worth about $190 million in the North Sea and Middle East regions, lifting its total contract backlog to $4.5 billion.
[Read more…] about Valaris scores $190M new offshore drilling and wind contractsEquinor drops offshore electrification plans
General – Norway
Equinor has abandoned plans to connect several of its offshore oil and gas platforms to Norway’s onshore power grid, citing rising costs that have rendered the projects unprofitable.
[Read more…] about Equinor drops offshore electrification plans