Oil prices fell 1% on Friday and were headed for a weekly loss as analysts projected a supply surplus next year despite an OPEC+ decision to delay output hikes and extend deep production cuts to the end of 2026.Brent crude futures were down 85 cents…
Offshore drilling contractor Northern Ocean has signed a contract for Deepsea Bollsta semi-submersible rig for work offshore Norway, set for completion before the start of its two-year contract with Equinor.The contract, with unnamed client…
Petrobras and its partner Ecopetrol have confirmed the largest gas discovery in the history of Colombia with the drilling of the Sirius-2 well in the Gujaira Basin, which has the potential to increase the country’s current reserves by 200%.The drilling of Sirius-2…
Brazilian prosecutors asked state-run oil firm Petrobras to do more studies before drilling off the coast of the Amazon rainforest, citing potential effects of extreme weather on tides, according to documents filed on Monday to environmental agency Ibama…
Oil prices rose more than 2% on Tuesday as Israel threatened to attack the Lebanese state if its truce with Hezbollah collapses, and as investors positioned for OPEC+ to announce an extension of supply cuts this week.Brent crude futures posted their biggest gains in two weeks…
The wildcat well in the Løvmeis prospect in the Norwegian Sea, drilled by Equinor, Orlen Upstream and Petrolia Noco, has been proven dry.Wildcat well 6608/10-R-2 H is located in production license 1013, where Equinor is the operator with 40% stake…
Offshore drilling contractor Shelf Drilling has secured work for its Main Pass IV jack-up rig offshore Nigeria.The firm term of the contract is approximately two years, and is scheduled to begin in December 2024, according to Shelf Drilling…
Norwegian oil and gas operator DNO has made an oil discovery in the Othello prospect in the southern North Sea, offshore Norway, refuting what the industry deemed as a dry belt area.The discovery was made in wildcat well 2/6-7 S in production license 108…
Kosmos Energy and its partners have concluded the drilling of Akeng Deep exploration well at Block S offshore Equatorial Guinea, which failed to deliver a commercial discovery.The well was drilled to a total vertical depth of approximately 4…
Portuguese oil and gas company Galp has found light oil and gas-condensate in an appraisal well drilled in Orange Basin block, offshore Namibia.The appraisal well, Mopane-1A, was spud on October 23 with Saipem’s Santorini drillship, at PEL83 offshore block…
Canada-based oil and gas company Valeura Energy has completed an infill drilling campaign at the Jasmine field in the Gulf of Thailand, increasing the production at the field for 26% with five new wells coming onstream.Valeura drilled a five well program…
State-run explorer Oil India plans to lease up to seven drilling rigs in the next fiscal year starting April, chairman Ranjit Rath said on Tuesday.The company has already deployed over 20 rigs, including one offshore rig, Rath added.Oil India…
TotalEnergies is seeking environmental authorisation to drill up to seven exploration wells in the southern part of its Deep Water Orange Basin (DWOB) block off the west coast of South Africa, documents from environmental consultants SLR showed on Tuesday…
U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon Mobil said.'We're not going to see anybody in 'drill, baby…
Offshore drilling contractor Constellation has secured a $130 million contract with Brava Energia for its Lone Star ultra-deepwater semi-submersible rig for work offshore Brazil.The contract is for a firm term of 400 days, with a 60-days priced option which…