Austrian oil and gas company OMV has made gas/condensate discoveries offshore Norway at the Oswig exploration well 30/5-4S and sidetrack 30/5-4A.The wells were drilled about 10 kilometers northwest of the Oseberg field in the North Sea and 150…
Guyana, one of the world's hottest oil drilling zones, will offer 14 offshore exploration blocks under terms that 'significantly' increase its share of oil revenue, the South American nation's vice president said on Thursday. Officials this…
Sonadrill, Seadrill's 50:50 joint venture with an affiliate of Sonangol, has secured a 12-well extension in Angola for the Libongos drillship at $402,500 per day.The total contract value for the firm part of the deal is around $327 million, inclusive of additional services…
Offshore drilling company Dolphin Drilling said Wednesday it had been re-approved as an official rig supplier and would be invited to take part in Petrobras upcoming rig tenders.Bjørnar Iversen, CEO of Dolphin Drilling said: 'We are pleased with our re-approvement…
Abu Dhabi National Oil Company (ADNOC) on Tuesday announced the award of three framework agreements valued at $4 billion (AED14.68 billion) for integrated drilling fluids services (IDFS) to support the ongoing expansion of its 'lower cost and…
Norway's Kongsberg Digital has launched a new application at ADIPEC, which promises to enable oil and gas operators to follow their key performance indicator (KPI) progress on drilling and well operations in real time.According to Kongsberg Digital…
Income derived from hydrocarbon exploration and production in Colombia is key to the country's financial stability and its trade balance, its fiscal rule committee said on Monday, and suspension of exploration would put fiscal sustainability at risk…
Inadequate planning and execution led to a 35.2-ton slip joint unintentionally dropping from Odfjell Drilling's offshore drilling rig to an offshore supply ship before ending up on the seabed offshore Norway in March this year, an investigation by the Petroleum Safety Authority Norway has shown…
Brazilian oil giant Petrobras has found oil at the Pedunculo well, located in the northwest of the Sépia offshore oil field, around 250 kilometers off the coast of Rio de Janeiro, Brazil.The well was drilled at a water depth of approximately 2…
Nigeria is planning to auction seven deep offshore oil blocks, 15 years since the last ones were auctioned, the upstream regulator said on Saturday. Apart from marginal fields, Nigeria last conducted bidding for 45 oil blocks in 2007 even when…
The UK oil and gas regulator North Sea Transition Authority (NSTA) warned the industry on Friday that it would not hesitate to take action against companies that fail to meet their license obligations. 'An investigation has been opened into whether a company…
Chevron Corp on Friday reported its second-highest ever quarterly profit, blasting past analysts' estimates, driven by soaring global demand for its oil and gas and rising production from its U.S. oilfields.The surge comes as oil companies…
Offshore drilling company Dolphin Drilling on Thursday announced public trading on Euronext Growth, after a recent private placement and share issue with total gross proceeds of $45 million. “Dolphin Drilling has attractive assets, a strong…
Offshore drilling company Transocean said Thursday that its Deepwater Atlas, the world's first 8th generation drillship, had started its first contract.The offshore drilling rig, delivered by Singapore's Sembcorp Marine in June, is under a contract with Beacon Offshore Energy in the U…
ExxonMobil has made two new discoveries at the Yarrow-1 and Sailfin-1 wells on the Stabroek Block offshore Guyana.The discoveries, which are the eighth and ninth this year, will add to the block’s previously announced gross discovered recoverable…