Oil and gas exploration is likely to continue to have an important role in the decades to come, a view reinforced by the 2022 energy crisis and growing energy security needs, according to energy intelligence group Westwood.In the offshore drilling space…
Ocean Challenger, the asset management company owned by the Chinese offshore rig builder CIMC, said Wednesday it 'has tied new knots' with the Italian energy services firm Saipem to deploy the 300-foot jack-up rig Gulf Driller IV in the Middle East…
Oil and gas company Neptune Energy said Wednesday it had found hydrocarbons in the Calypso exploration well in the Norwegian Sea. The well is located within the Neptune-operated PL938 license.'Having entered the reservoir, logs proved the presence of hydrocarbons…
The Norwegian offshore oil and gas safety regulator, Petroleum Safety Authority Norway (PSA), has launched an investigation into an incident involving serious personal injury on the Linus jack-up drilling rig on November 10, 2022.'An incident…
The availability of emission-lowering upgrades for offshore rigs has been on the rise, but adoption of these new technologies is slow outside of Norway and the US Gulf of Mexico due to limited regulatory and financial incentives, energy intelligence group Westwood has found…
French oil major TotalEnergies and its Italian partner Eni have signed a framework agreement with Israel to implement the agreement on the maritime boundary, which was reached between Israel and Lebanon on October 27, 2022.In Lebanon, TotalEnergies is the operator of the exploration Block 9…
Italian energy industry services firm Saipem said Wednesday it had secured new offshore drilling contracts, three in the Middle East and two in West Africa, worth around $800 million in total. In the Middle East, two new contracts have been awarded for two high-specification jack-up drilling units…
Jack-up rig specialist Shelf Drilling said Monday it had secured a five-year contract for the Harvey H. Ward jack-up rig for operations in the Arabian Gulf.The firm period contract value, including mobilization fee, is roughly USD 192 million…
Singapore's Keppel Offshore & Marine has signed bareboat charter contracts with the Saudi drilling firm ADES for two jack-up rigs to be deployed in Saudi Arabia. This brings the total number of rigs Keppel O&M has on a charter with ADES to four…
ModuSpec has secured a contract to provide rig intake and inspection services to the Norwegian oil company Aker BP.The contract includes assisting Aker BP ASA during the inspection and acceptance phases of Saipem's Scarabeo 8, 6th generation…
Drilling operations have been completed at the Northern Lights project in the Norwegian part of the North Sea for a CO2 injection well and a contingent injection well within CO2 storage license EL001.Northern Lights partners said Thursday that…
Enauta, a Brazilian oil company, has begun drilling the new well 7-ATL-5H-RJS in the Atlanta Field of the Santos Basin, off the coast of Brazil.According to Enauta, the new well will cost $75 million to drill and connect to the FPSO at the field…
U.S. oil major ExxonMobil has made a discovery at the Bavuca South-1 exploration well at the Block 15, offshore Angola.The well encountered 30 meters (98 feet) of high-quality, hydrocarbon-bearing sandstone. It is located approximately 365 kilometers…
Offshore drilling company Diamond Offshore said Monday it had received a notification of award of a new drilling program with Petrobras in Brazil.The soon to be signed four-year contract is for the semi-submersible offshore drilling Ocean Courage…
Malaysia's Velesto Energy has secured a $135 million integrated rig, drilling, and completion services deal with Hess Corp. in Malaysia.The i-RDC is a concept in which integration of drilling rig services, equipment and in some cases procurement…