The floating rig market has long since crossed an inflection point incentivising the reactivation of cold-stacked tonnage, yet operators remain disciplined in their approach, according to new research by Maritime Strategies International (MSI)…
Woodside has performed a cost and schedule review of the Sangomar Field Development Phase 1 offshore Senegal following the identification of remedial work required on the floating production storage and offloading (FPSO) facility.First oil is now targeted for mid-2024…
Norwegian offshore drilling contractor Odfjell Drilling Ltd. has won contracts with Equinor for its Deepsea Atlantic semi-submersible drilling rig.The contracts have been signed further to the signing of two Letters of Intent signed back in March…
UK North Sea-focused oil company Ithaca Energy has signed a deal to acquire a 40% stake in the Fotla Discovery it doesn't already own and three offshore exploration licenses from Spirit Energy.'The acquisition, which is subject to the satisfaction…
Six environmental groups on Wednesday asked the Biden administration to end the 'routine fast-tracking' of offshore oil and gas projects in the Gulf of Mexico, which they claim undermines environmental protections and safety.Earthjustice, the Sierra Club…
Australia's Woodside Energy Group has returned a deepwater block to the Trinidad and Tobago government after an exploration appraisal found it would be uneconomic to develop, a company spokesperson said on Wednesday.Trinidad and Tobago is pushing…
Oil and gas company Deltic Energy Plc on Wednesday announced a significant increase in the estimated oil and gas resources for Shell's Pensacola discovery in the UK North Sea, with the analysis revealing nearly double the initial expectations…
Kazakhstan's state energy company KazMunayGas KMGZ.KZ said on Tuesday that exploration drilling showed no hydrocarbons at the offshore Caspian Sea project Zhenis where it has been jointly working with Russian oil producer Lukoil LKOH.MM.Interfax news agency said…
Offshore drilling firm Noble Corporation said Tuesday that Shell's Malaysian subsidiaries Sarawak Shell Berhad and Sabah Shell Petroleum Co Ltd (SSB/SSPC) had exercised three one-well options on the current Noble Viking drillship contract in Malaysia…
Malaysian firm Velesto Drilling, a subsidiary of Velesto Energy, has secured a contract from the Thai-based oil firm PTTEP to provide a jack-up drilling rig for its offshore drilling program in Malaysia.In a statement on Tuesday, July 11, 2023…
Africa Oil Corp. has entered an agreement to increase its operated working interest (“WI”) in Block 3B/4B, located in the Orange Basin offshore South Africa and, the company says, on trend with the Venus, Graff, La Rona and Jonker oil discoveries in the nearby Namibia…
Norwegian oil and gas company DNO on Monday announced a significant gas and condensate discovery on the Carmen prospect, claiming it to be the largest discovery offshore Norway since 2013.Wellesley Petroleum the operator of the offshore license PL1148 in the North Sea…
Malaysian national oil firm Petronas has awarded a 90-day contract for Noble Corporation's semi-submersible deepwater rig Noble Discoverer.Petronas will use the Noble Discoverer to drill an exploration well in Block 52 offshore Suriname, where it is the operator with a 50% stake…
Guyana's environmental regulator on Wednesday granted an Exxon Mobil-led consortium approval to drill 35 new offshore exploration and appraisal wells as the group looks to expand its production successes in the South American country.The wells will be drilled within the group's 6…
Offshore drilling contractor Valaris said Wednesday it had recently secured offshore drilling rig contract wins and extensions worth about $150 million in total, the figure which does not include lump sum payments like mobilization fees and capital reimbursements…