Offshore rig market improvement in 2021 driven by high EPC spend

The 2022-23 Federal Budget is set to back the Australian industry while building new energy industries, securing reliable and affordable energy, and putting Australia on track to reach net zero emission by 2050. Minister for Industry,

U.S. President Joe Biden last night announced plans for what is said to be the largest release from the strategic petroleum reserves in American history of 1 million barrels a day for six months to lower

Santos, the operator of EP 161 permit within the Beetaloo Basin, has advised on a 17 per cent increase to the previously reported gas flow rates from Tanumbirini 2H (T2H) and T3H. This follows a recalibration

Three U.S. oilfield services providers – Halliburton, Schlumberger, and Baker Hughes – have decided to suspend any future investments and operations in Russia following the country’s attack on Ukraine and the widespread sanctions imposed as a

Norwest Energy has advised that in preparation for production testing for its Lockyer Deep-1 conventional gas discovery well, perforating operations were conducted from 10-12 March. The objective of the operation was to perforate the 25 metre

Twenty-five major companies from across the economy have opted into the Corporate Emissions Reduction Transparency (CERT) report pilot. The Clean Energy Regulator said this is a significant step forward in supporting transparency and consistency of net emissions reporting

The complexity and inefficiency of oil well surveillance systems is being overhauled by Sensia, a joint venture between industrial automation leader Rockwell Automation, and oil and gas instrumentation leader Schlumberger. “With most systems in place today, surveillance engineers responsible

Bass Oil has entered into a conditional sale and purchase agreement with a subsidiary of Beach Energy to acquire a portfolio of Cooper Basin assets for a cash consideration of $650,000.  The assets Bass will acquire include the producing

UK’s oil major BP has decided to exit its shareholding in Russia’s oil and gas giant Rosneft while Norway’s Equinor has moved to exit its joint ventures in Russia following the attack on Ukraine, which started

Oil and gas company Neptune Energy has awarded a series of contracts to support ongoing operations at its operated Cygnus Alpha and Bravo platforms in the UK Southern North Sea. The awarded work scopes cover diving

Profit at Beach Energy has jumped 66 per cent thanks to soaring oil and gas prices, despite the company’s half-year oil and gas production rates falling 15 per cent. In its half-yearly report, the company reported

U.S. offshore vessel operator Hornbeck Offshore has added three offshore supply vessels (OSVs) to its fleet following an auction carried out by the U.S. Department of Transportation’s Maritime Administration (MARAD). The vessels are candidates for deployment in the U.S.

According to Vintage managing director Neil Gibbins, the company’s results from the December quarter put the “stepping stones” in place for Vintage to transition from an exploration company to an exploration and production company supplying gas

Senex has seen continued strong operation performance, delivering its 20th consecutive quarter of record Surat Basin production, up 5 per cent from last quarter.  Total sales volumes were 3 per cent higher than the previous quarter,