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…
Energy and marine consultancy ABL Group (ABL) said Wednesday it had acquired the operations of well control equipment specialists HOSE International.The two companies have cooperated since 2019 to jointly provide rig and well control inspection services for the offshore industry…
Norwegian oil and gas company Equinor has drilled a dry exploration well in the Norwegian Sea.The Norwegian Petroleum Directorate said Wednesday that the well 6607/12-5 had been drilled in the production license 943.Using Odfjell Drilling's Deepsea Stavanger semi-submersible drilling rig…
Offshore drilling firm Island Drilling has signed a drilling contract with Dana Petroleum for a drilling program in the UK in 2023.For this, Island Drilling will supply its 2012-built harsh-environment semi-submersible drilling rig, Island Innovator…
Oil major Shell is set to spud the high-impact Pensacola well in the North Sea next month, Deltic Energy, Shell's partner in the project, said Tuesday.Shell informed Deltic Energy that preparations were underway to move the Maersk Resilient jack-up drilling rig to the Pensacola location…
Chinese offshore drilling contractor China Oilfield Services Limited (COSL) said Monday it had recently signed several long-term drilling rig service contracts in the Middle East. The contracts are worth around RMB14 billion (~$1,92 billion) in total…
Offshore drilling company Dolphin Drilling shared a beautiful photo of its Blackford Dolphin drilling rig being towed from Mexico to Las Palmas, Gran Canaria, Spain.Once there, in mid-November, the semi-submersible drilling rig will complete a short recertification and maintenance work scope…
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