Houston-based Vaalco Energy has brought on stream its second well in the 2021/2022 four-well drilling campaign offshore Gabon and started drilling the third one. The second well has shown strong initial flow rates.

Offshore drilling contractor Seadrill has secured new contract awards for two of its rigs, the drillship West Neptune and the semi-submersible Sevan Louisiana, with a total value of $105 million.

US president Joe Biden has announced his administration is banning all Russia-linked vessels from the country’s ports, effective April 28, 2022.

Canada has issued new environmental measures to strengthen the country’s discharge requirements for cruise ships operating in waters under Canadian jurisdiction during the 2022 cruise season.

U.S. offshore vessel operator Tidewater has completed the acquisition of Singapore’s Swire Pacific Offshore, adding 50 vessels to its fleet.

Two UK-headquartered and AIM-listed oil and gas companies – i3 Energy and Europa Oil & Gas – have inked a farm-in agreement (FIA) for a sub-area of UKCS Licence P.2358, containing the Serenity discovery in the UK North Sea.

UK oilfield services provider Wood Plc has revealed that its Chief Executive Officer (CEO), Robin Watson, is retiring from the role after seven years. The company is now beginning the process to appoint his successor.

Two U.S.-headquartered oilfield services giants – Halliburton and Baker Hughes – have revealed improvements in their first quarter 2022 financial performances on a year-on-year basis, anticipating further market improvements and favourable prices in the coming months.

Offshore drilling contractor Maersk Drilling has entered into an agreement with UAE-based ADES to sell the benign environment jack-up rig Maersk Convincer for $42.5 million in an all-cash transaction.

The invasion of Ukraine has led to tighter gas supplies, higher prices, and an uncertain outlook, resulting in a downward revision to the International Energy Agency’s forecast for gas demand this year.