Oil & gas news

Predator Oil & Gas Holdings Plc (LSE: PRD), has announced that it has signed an extension to the Company's 2022 rig contract for the use of the Star Valley Rig 101, which is currently available in Morocco.

QatarEnergy has announced a long-term condensate supply agreement with Mitsui & Co. Energy Trading Singapore Pte. Ltd.

McDermott has been awarded two contracts from North Oil Company (NOC) to deliver engineering, procurement, construction, installation and commissioning (EPCIC) for packages 11 and 13 of the Ruya Development Project, as part of the expansion of the Al-Shaheen field, Qatar's largest oilfield.

Ann Louise Hittle, Vice President of Oil Markets for Wood Mackenzie, addresses the Saudi Ministry of Energy’s instructions to Saudi Aramco to abandon its 13 million bpd target and maintain 12 million bpd.

Shell, Equinor, bp, Total and NEO are among the 17 separate companies which have been offered a total of 24 licences in the second tranche of the 33rd oil and gas licensing round.

Eni has announced the closing of the acquisition of Neptune Energy Group. The transaction comprises Neptune’s entire portfolio other than its operations in Norway and Germany.

Archer collaboration with Horizon56 launches solution to digitalise operating procedure for enhanced rig safety and efficiency.

SLB digital technologies for surface automation, autonomous on-bottom drilling, and directional drilling, were combined to enable 99% of a 2.6 km section to be drilled in autonomous control mode.

Wood works across the region to unlock conventional and low carbon energy supply, decarbonise and optimise energy production and processing, and extend onshore and offshore asset life in key locations.

Equinor’s 2023 safety results show an overall positive trend at the end of the year.