(Bloomberg) --The UK proposed a series of climate change tests to determine whether new oil and gas fields can be built off its shores, but said its net-zero pledge doesn’t require the industry to be shut down. New projects could potentially still be allowed if they can show that their proposed emissions are less than those that come from impo...

ADNOC Drilling Company and Helmerich & Payne, Inc. jointly announced the finalization of the Rig Enablement Framework Agreement, streamlining ADNOC Drilling’s operations, reducing costs and building shareholder value. The Framework Agreement will advance ADNOC Drilling’s land rig operational performance, as well as support its ambitious...

Wood has further strengthened its position as the leading partner for operations solutions in the UK North Sea following a series of contract awards with key clients in the fourth quarter of 2021, including Shell UK and Dana Petroleum. The series of awards, collectively valued at around $160m, will see Wood leverage its rich heritage and experti...

OSLO, Norway - Cognite announced a collaboration with Equinor to expand data capabilities and support the company’s digital ambitions. Using Cognite’s industrial DataOps technology, Cognite Data Fusion, as a module in Equinor’s OMNIA data architecture, built on the Microsoft Azure cloud, a joint Equinor and Cognite team will develop and ex...

SINGAPORE (Bloomberg) --Asia’s relentless buying of liquefied natural gas earlier this year has left the region so well stocked for winter that spot shipments are being diverted to energy-hungry Europe. Multiple vessels are now being diverted from Asia after prices in Europe traded at a rare premium, traders with knowledge of the matter said....