Oil & gas news

Employment in the US oilfield services and equipment sector rose by an estimated 3069 jobs to 652 090 in January, according to preliminary data from the Bureau of Labor Statistics (BLS).

Offshore Energies UK says calls by politicians to impose UK windfall taxes on companies’ global profits risked misleading voters and consumers.

New solutions expand on Baker Hughes’ digital ecosystem, providing new levels of efficiency, performance and emissions reduction for oilfield, gas and industrial segments.

The American Petroleum Institute (API) has announced the promotion of Holly Hopkins to Vice President of Upstream Policy.

The company has secured new projects in Africa, Norway, Thailand and Singapore, while strengthening ties to an existing client in Malaysia.

Offshore Energies UK (OEUK) has warned that more action is needed from both government and industry to support supply chain companies in playing a critical role in sustaining oil and gas activity while helping to build the UK’s low-carbon future energy systems.

The company and its partner, Spirit Energy, have announced that production has commenced from the 10th well at its operated Cygnus gas field in the UK southern North Sea.

The company has announced that the ultra-deepwater drillship, Dhirubhai Deepwater KG2, has been awarded a 910-day contract by a national oil company for work offshore Brazil.

The review depicts a turbulent year for the industry, with a constant battle between the energy transition and societal pressures to maintain energy supply.

The global oil and gas exploration sector had its strongest year in 2022 in more than a decade according to Wood Mackenzie.