Offshore Drilling News - page 55


Equinor takes Stake in Wellesley O&G Finds

Mar 01, 2023

Equinor agreed to buy oil and gas stakes in five discoveries in the Troll, Fram and Kvitebjoern areas of the North Sea from Wellesley Petroleum AS.The amount for the purchase was undisclosedThe transaction strengthens Equinor's position in a…

Saipem Aims to Raise €750 Million from Asset Sales

Feb 28, 2023

Italian energy services group Saipem aims to raise about 750 million euros ($796 million) from the partial sale of assets in its drilling business, CEO Alessandro Puliti said on Tuesday, citing shallow water vessels in particular.Saipem, in…

Deep Value Driller Contracts Scana's PSW Technology Following Saipem Deal

Feb 28, 2023

Scana's PSW Technology has won a contract with offshore drilling firm Deep Value Driller for deep-water BOP stack services. The deal comes just days after Deep Value Driller secured a contract with Saipem for its Deep Value Driller deepwater drillship…

EOG Resources Says Low Natgas Prices Not Changing Drilling Plan

Feb 27, 2023

U.S. oil and gas producer EOG Resources on Friday said it had no plans to alter its strategy around new natural gas drilling, despite a sharp decline in prices this year. Rival producers, including Chesapeake Energy, Southwestern Energy, and Comstock Resources…

Helleniq Energy to Decide on Exploratory Well Offshore Greece in 18-24 Months

Feb 27, 2023

Greece's biggest oil refiner Helleniq Energy could decide on exploratory drilling in Greek offshore blocks within the next two years, its chief executive officer said on Friday. Greece has had indications of significant gas reserves of around 600 billion cubic meters…

Saipem Charters 7th Gen. Deepwater Drillship "Deep Value Driller"

Feb 24, 2023

Italian oilfield services group Saipem has agreed to charter a 7th generation deepwater drillship owned by the Oslo-listed Deep Value Driller AS.The drillship, also named Deep Value Driller, will start its contract upon reactivation works, which are expected to be completed in the summer of 2023…

Saipem to Use Biofuels on Drilling and Construction Vessels in Mediterranean Sea

Feb 23, 2023

Eni's subsidiary Eni Sustainable Mobility and offshore services company Saipem have entered into a Memorandum of Understanding (MoU) to utilize biofuels on Saipem's drilling and offshore construction vessels, focusing on operations in the Mediterranean Sea…

Transocean Sees Multi-year Upcycle in Offshore Drilling Industry

Feb 22, 2023

Offshore drilling is making a comeback after several challenging years, and Transocean, a major deepwater drilling contractor, expects to see a multi-year upcycle in the offshore drilling industry.'Looking back, 2022 will be remembered as a pivotal year in Transocean’s history…

Guyana's Offshore Oil Potential Draws Attention from Indian Firms

Feb 22, 2023

Guyana is working with the Indian government on awarding oil and gas exploration blocks to Indian companies, Vice President Bharrat Jagdeo said on Wednesday.The South American nation, home to one of the largest oil discoveries of the last decade…

TotalEnergies Gears Up for More Offshore Drilling in Namibia after Record-breaking Oil Find

Feb 22, 2023

French oil major TotalEnergies is set to embark on a multi-well appraisal and exploration program offshore Nambia, where it made one of the world's largest oil discoveries in 2022, by drilling the Venus-1x well.According to Impact Oil & Gas Limited…

Indonesia Awards Exploration Contracts for Three Oil and Gas Blocks

Feb 22, 2023

Indonesia has appointed several firms to conduct exploration of three oil and gas blocks, which include units of state energy company Pertamina and Italy's Eni, the energy ministry said on Wednesday. The blocks are namely Peri Mahakam, Sangkar…

Brazil: Karoon to Drill Second Neon Control Well, after First Well Shows Encouraging Results

Feb 21, 2023

Australian oil and gas company Karoon Energy has elected to drill the second control well at the Neon discovery offshore Brazil, after the first control well, Neon-1, confirmed the presence of 25 meters of net oil-bearing pay.Neon-1 and Neon…

Panoro Energy, Kosmos Energy, and GEPetrol partner in Equatorial Guinea Offshore Block

Feb 20, 2023

Oil and gas company Panoro Energy has been awarded a 56 percent stake in and operatorship of Block EG-01, located offshore Equatorial Guinea. Partners in the block will be Kosmos Energy and GEPetrol.Block EG-01 borders both Block G where Panoro has a 14…

Equinor's Appraisal Well Comes Up Dry, Cutting Resource Estimate of 2009 Offshore Discovery

Feb 16, 2023

The Norwegian oil company Equinor has completed the drilling of an appraisal well to test a 2009 offshore discovery in the North Sea, off Norway. The appraisal well, 16/2-23 S, came up dry, with traces of hydrocarbons, the Norwegian Petroleum Directorate said…

Longboat Energy Set to Tap into Malaysia's Offshore Gas Potential with Block 2A PSC

Feb 15, 2023

Longboat Energy, an oil and gas company so far mostly focused on offshore oil and gas operations offshore Norway, is expanding internationally with the recent award of an offshore exploration block in Malaysia.Longboat said Wednesday it had won a Production Sharing Contract (“PSC”) for Block 2A…

Current News

Equinor to Stop Offshore Construction of Empire Wind Project in US

Greensand CCS Scheme in North Sea Lines Up First CO2 Storage Customer

New York Governor to Fight US Federal Decision to Halt Empire Wind Project

Pree-FEED Work Begins for CCS Project Off Australia

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