China-based offshore drilling contractor China Oilfield Services Limited (COSL) said this week it had agreed to buy four jack-up drilling rigs from Dalian Shipbuilding Offshore.COSL's subsidiaries have agreed to buy four JU2000E jack-up drilling rigs at a total contract price of RMB3…
TotalEnergies is expected to lay out the potential for its oil discoveries in Namibia at an investor day next week as the French energy firm continues to bet on oil and gas to boost profits while also growing its low-carbon business.The group…
A federal judge in Louisiana has ordered an expansion of next week's sale of oil leases in the Gulf of Mexico, saying the Biden administration must include additional acreage, according to a court ruling issued late on Thursday.The oil and gas industry…
The Norwegian oil company Equinor has drilled a dry well in production license 035 in the North Sea, offshore Norway, the Norwegian Petroleum Directorate said Friday.'Equinor Energy is concluding the drilling of exploration well 30/11-15 in the North Sea…
Turkey and Israel will soon begin taking joint steps in energy drilling, President Tayyip Erdogan was cited by Turkish media as saying on Thursday, adding the two countries would also operate energy networks to Europe through Turkey.Erdogan…
A BP Plc and Shell Plc consortium has reached an agreement with Trinidad and Tobago to explore three deepwater blocks for hydrocarbon production in the Caribbean country, Minister of Energy Stuart Young said on Thursday. The deal would help…
OMV Norge, a Norwegian subsidiary of the Austrian oil firm OMV, has made a minor, non-commercial discovery at the Velocette offshore exploration well in Norway, Longboat JAPEX Norge, a partner in the PL1016 offshore license, has informed.The exploration well 6607/3-1 S in the Norwegian Sea…
Saudi oil and gas driller ADES Holding said on Wednesday it has set the final price for its initial public offering (IPO), implying a valuation of 15.242 billion riyals ($4.06 billion) for the Saudi sovereign wealth fund-backed firm.Reuters…
Venezuela's government on Tuesday criticized Guyana's offshore oil bidding round and said companies seeking up to eight blocks will not have rights to explore the maritime areas, which would be subject to international claims.Guyana and Venezuela…
Offshore drilling company Noble Corp. said Tuesday it had won a contract with TotalEnergies, to redeploy the harsh-environment jackup rig Noble Regina Allen for the drilling of three horizontal wells at the Fénix project in southern Argentina…
Uruguay state-run energy firm Ancap is set to agree to final terms for a record number of seven offshore exploration licenses next month, a senior executive told Reuters, as the frontier market lures bets from global players like Shell.To date no oil or gas has been found in Uruguayan waters…
Drilling waste management specialist TWMA said Tuesday it had secured a 10-year contract with the Norwegian oil and gas giant Equinor, for drilling waste management services.The contract includes five scopes of work, including bulk transfer…
Norwegian oil and gas company DNO announced on Tuesday a gas condensate discovery on the Norma prospect in the Norwegian North Sea.Preliminary evaluation of the discovery indicates gross recoverable resources in the range of 25–130 million barrels of oil equivalent (MMboe) on a P90-P10 basis…
Brazil will likely end up exploring the Equatorial Margin for oil but state-run Petrobras should adopt a 'cautious' approach given the need for precautions to protect the environment, Finance Minister Fernando Haddad said on Sunday.The Equatorial Margin is some 2…
The North Sea jack-up rig market has been out of the limelight lately, overshadowed by increased contracting activity in the semi-submersible rig market, resulting in the departure of some of these units from the region. As the North Sea outlook remains soft…