Equinor and partner Wellesley report discovering oil in the Troll and Fram area in exploration wells 35/10-7 S and 35/10-7 A in the Toppand prospect. Preliminary calculations of the expected size indicate between 3.3 and 5.2 million standard cubic meters of recoverable oil equivalent…
U.S. Gulf of Mexico-focused oil and gas company EnVen Energy has awarded a drilling contract to Transocean for the Discoverer Inspiration ultra-deepwater drillship.EnVen has committed to one firm well with options for two additional wells and…
The 2020 offshore drilling rig market wasn't exactly a hard act to follow, but 2021 proved to be a pivotal turning point for the industry despite ongoing challenges with the Coronavirus pandemic and the intensifying energy transition. Presented with no further comment…
Oil and gas major ExxonMobil on Wednesday announced two new oil discoveries offshore Guyana, at Fangtooth and Lau Lau wells, adding to previous recoverable resource estimate of 10 billion oil-equivalent barrels.The Fangtooth-1 well, drilled with the Stena DrillMAX drillship…
UK-based oil and gas company IOG has started drilling the first development well at the Southwark gas field in the UK North Sea.The Noble Hans Deul jack-up rig had mobilized from repairs in Dundee on December 3, 2021, and initially jacked up at the Southwark Platform on December 9…
Offshore drilling contractor Valaris on Tuesday announced a new group of contracts for its rigs to be utilized in the U.S. Gulf of Mexico, U.K. North Sea and off the coast of Australia.Valaris said it secured a one-well contract with Kosmos Energy in the U…
Offshore drilling contractor Valaris announced on Monday that it has been awarded new bareboat charter agreements with ARO Drilling for several jackups. ARO Drilling, a joint venture between Valaris and Saudi Aramco, has signed contracts with…
Exploration drilling operations have commenced on the Equinor-operated Ginny exploration well 6407/9-13 in the Norwegian Sea.The well, in production license PL1060, targets both an Upper Jurassic (Ginny) and a Middle Jurassic (Hermine) prospect located between the Galtvort and Hasselmus discoveries…
Carnarvon Energy announced drilling has commenced at the Buffalo-10 well in the Timor Sea as the Australian oil and gas company aims to confirm sufficient hydrocarbons to support an economic development at the shut in Buffalo field north of Australia…
Norway's Petroleum Safety Authority (PSA) said it has given Equinor the green light to perform exploration drilling in block 34/4 in the Snorre field in the North Sea.Equinor will drill the 34/4-17 S well at Statfjord Kile using Odfjell Drilling's Deepsea Stavanger…
A magnitude 4.5 earthquake that rattled the Permian basin in Texas on Monday night is likely to add pressure on oil producers in the region to slow or stop underground wastewater injections that regulators believe may cause the tremors.The quake…
Shelf Drilling announced it has secured contract extensions for a pair of jack-up drilling rigs with Chevron Thailand Exploration and Production, Ltd. for operations in the Gulf of Thailand.The extensions for the Shelf Drilling Chaophraya and…
Offshore drilling rig contractor Borr Drilling announced it has reached agreements in principle with its largest creditors, the Singaporean yards, to refinance and defer a combined $1.4 billion debt maturities and delivery instalments from 2023 to 2025…
U.S. oil major ExxonMobil has started drilling the Glaucus-2 well in Block 10, offshore Cyprus, to better understand the size of the giant Glaucus-1 gas discovery made in the block back in 2019.The news was shared this week by the Cypriot Ministry of Energy…
Northern Ocean, the billionaire John Fredriksen-owned harsh-environment offshore rig owner, has signed contracts with the Norwegian offshore contractor Odfjell Drilling.Odfjell Drilling will provide Northern Ocean's rig fleet with marketing and management services…
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