Norwegian offshore drilling company Island Drilling has secured two new contracts, one with Petrofac in the UK North Sea and another with Maersk Decom for P&A operations offshore Mauritania.

UK’s petroleum regulator, the Oil and Gas Authority (OGA), is supporting the launch of the UK government’s consultation on the design of a new climate compatibility checkpoint for the oil and gas industry, which is expected to ensure the future of this industry by assisting in bringing about the energy transition towards the UK’s net-zero goals.

Oil majors Chevron and Shell have worked out a farm-out agreement for Block 5, located offshore Suriname.

Brazilian oil and gas giant Petrobras has stopped gas production from the Manati field, located offshore Brazil, due to an issue related to the closure of the export pipeline’s subsea valve.

Energy intelligence provider Wood Mackenzie, a Verisk business, believes that the oil and gas sector will continue to rebound in 2022, but the positive outlook will be tempered by concerns about its future.

UK’s petroleum regulator, the Oil and Gas Authority (OGA), has selected three winners for its £1 million offshore electrification competition, aiming to advance oil and gas electrification plans as part of the UK’s decarbonisation efforts.

Amidst Outcries To Phase Out Fossil Fuels, UK’s OGA Chairman Stands Firm On Continuing North Sea Exploration For The Foreseeable Future

Chinese oil and gas giant CNOOC Limited has started production from the Buzzard Phase II development located offshore in the UK sector of the North Sea.

Spanish oil and gas company Repsol has been forced to halt production from its Yme field off Norway, less than a month after the oil production started.

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