Rigzone Industry News

Two of the licenses were offered to Equinor ASA. One license is for a group composed of Var Energi ASA, OMV (Norge) AS and Lime Petroleum AS, and the other is for the group of Aker BP ASA and PGNiG Upstream Norway AS.

The Norwegian Offshore Directorate issued a call for review participation for a guideline crafted by companies under the FORCE umbrella for sharing ensemble data in production licenses.

New Fortress Energy is working to start production at its Fast LNG unit offshore Altamira, Mexico, in the coming days.

Norway's gas output averaged 11.4 Bcfpd last month, maintaining a consistent year-on-year growth in monthly production in 2024.

North America added 13 rigs week on week, according to Baker Hughes' latest rotary rig count.

Niger closed an oil pipeline used to export crude through a port in neighboring Benin, ratcheting up tensions between the two countries amid an ongoing border impasse.

The agreement targets 400-500 MMcfpd of gas.

The Nigerian national oil and gas company denied inflating fuel subsidy claims, after the Tinubu government ended the subsidy last year.

Fuel retailers in New Zealand maintain added margins for a prolonged period of up to two weeks after a fall in costs, the Commerce Commission found.

The combined company will boast the biggest selection of top-tier drillships that carry a pair of so-called blowout preventers.