Oil major Shell and its joint venture partner, SGH Energy, have taken a final investment decision to approve the development of the Crux natural gas field, off the coast of Western Australia.

UK’s regulator North Sea Transition Authority (NSTA) has revealed a new report, which highlights a positive outlook for the supply chain, showing that at least £5 billion (around $6.3 billion) of work is imminent and currently in the works.

Amid ever-increasing calls to phase out fossil fuels and pivot toward clean energy sources, oil and gas exploration activities remained resilient in 2021 undeterred by the accelerating energy transition, reveals Westwood Global Energy, an energy market research and consultancy firm, in its latest report.

Norwegian state-owned energy giant Equinor has checked all the required items on the list to exit its joint ventures and projects in Russia as a result of the country’s attack on Ukraine.

The transition to renewable energy is not without its challenges, but today’s markets are increasingly shifting in response to it. Understanding the massive swings in energy supply and demand taking place will enable oil and gas traders to confidently plan for the years ahead, especially as capital allocations shift in response to market signals.

Offshore accommodation provider Prosafe has been awarded a contract by Petrobras for the provision of the Safe Eurus semi-submersible vessel for safety and maintenance support offshore Brazil.

Norway’s Equinor and Halten East area partners have decided to invest about NOK 9 billion (about $937.7 million) in the development of the area neighbouring the Åsgard field in the Norwegian Sea.

Norwegian oil and gas company Aker BP has received a drilling permit from Norwegian authorities for a wildcat well located in the Norwegian Sea. The drilling activities will be carried out by an Odfjell Drilling-owned rig.

Singapore’s Keppel Offshore & Marine (Keppel O&M) has signed contracts for the bareboat charter of another two KFELS B Class rigs to be deployed in the Middle East.

Kazakhstan expects to produce 90-93 million tonnes of oil next year, up from 87.5 million tonnes this year, depending on when expansion projects at the giant Tengiz field are completed as they may be slightly delayed, its energy minister said.