December 21, 2023
Recent offshore ventures in Ivory Coast, Angola, and the Republic of the Congo have propelled European service providers to clinch major contracts, highlighting technological prowess in drilling, engineering, and subsea services.
December 21, 2023
Valaris Ltd. has exercised its options and taken delivery of newbuild drillships VALARIS DS-13 and DS-14 for an aggregate purchase price of approximately $337 million.
December 20, 2023
Hess Corp. was the high bidder in a U.S. auction for drilling rights in the Gulf of Mexico, which raised a total of $382 million from oil giants before the Biden administration imposes a two-year hiatus for future sales.
December 13, 2023
The updated recoverable resource estimate for the oil discovery in the Garn, Ile and Tilje formations is between 44 and 75 MMboe, while estimates for the underlying Åre Formation discovery are between 6 and 25 MMboe.
December 12, 2023
With these latest commitments, OMV Petrom and ROMGAZ are on track to safely deliver the first gas from Neptun Deep in 2027.
December 06, 2023
The fourth and final well in the East Belumut infill drilling campaign is currently being tested after reaching 4,600 m measured depth in the southwest region of the field.
December 04, 2023
(WO) — AGR has secured the well management contract with Apus Energia Guinea-Bissau S.A. for a deepwater exploration well in the Sinapa license offshore Guinea-Bissau, with drilling set to commence in summer 2024.
November 16, 2023
(WO) — Odfjell Drilling Ltd. has announced that Equinor has exercised options for seven wells to extend the use of the Deepsea Aberdeen on the Breidablikk field.
November 07, 2023
Under the new contract, ABL’s rig-moving surveyors in Malaysia are expected to survey and approve approximately 14-16 rig moves offshore Malaysia for Velesto Drilling’s six-rig fleet during the period.
November 06, 2023
The collaboration between Halliburton and Oil States will provide operators and drilling contractors with an effective and flexible MPD product-service combination to safely access greater operational efficiencies like ease of handling and streamlined installation.
October 27, 2023
“Shrinking or further delaying Lease Sale 261 threatens both our energy security and climate goals and could make us more dependent on dirty foreign oil and gas,” Manchin, a West Virginia Democrat, said following the ruling by the Fifth Circuit Court of Appeals in Louisiana.
October 24, 2023
The development of this natural gas reserve in the southern Caribbean has the potential to make a substantial contribution to the country's energy security and support Ecopetrol's ongoing energy transition efforts.
The industry’s first active sealing device for deepwater managed pressure drilling provides greater control and condition monitoring of the wellbore seal, reducing maintenance costs and rig downtime.
October 19, 2023
Transocean Ltd. issued a quarterly fleet status report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs.
Practical Solutions to Decarbonizing Drilling Operations
November 08, 2023
Canrig Drilling Technologies
Tackling scope one emissions from oil and gas operations requires innovative, purpose-built technologies that are economic and scalable. By incorporating a combination of advanced technologies such as engine management, fuel enhancing additives, traditional highline power sources, and energy storage systems into drilling operations we can effectively reduce scope one emissions from operations. We will showcase our comprehensive portfolio of drilling technologies, designed to reduce carbon emissions and fuel costs across the globe, regardless of rig type.
October 04, 2023
With as many as 10 deepwater rigs forecast to go back to work throughout the oil industry by the end of next year, Noble’s Chief Executive Officer Robert Eifler said he sees Brazil and West Africa leading the world in growth as activity in the U.S. Gulf holds flat.
October 03, 2023
Preliminary estimates of recoverable volume are in the range of 2.5-6.2 MMcm, or 16-39 MMboe. The new well aims to appraise and fully evaluate the natural gas discovery in the Ofelia Agat formation
October 02, 2023
Brazil’s top environmental agency, Ibama, granted Petrobras the environmental license to research the Potiguar basin, one of five regions in the Equatorial Margin, according to Mines and Energy Minister Alexandre Silveira, following months of stalemate between the state-controlled oil company and the regulator.
September 29, 2023
"As a result of this administration’s actions, energy production will move elsewhere, costing the United States jobs and harming our energy security," said Christopher Guith, Senior Vice President of the U.S. Chamber’s Global Energy Institute.