Italian energy industry services provider Saipem has expanded its offshore drilling fleet with a new jack-up drilling rig - the Perro Negro 11.Ocean Challenger, the asset management company of the Chinese rig builder CIMC, in June entered into a bareboat charter contract with Saipem…
Norwegian oil company Aker BP has struck gas at the Storjo offshore exploration well in the Norwegian Sea.According to Aker BP, the well 6507/2-6, drilled using Odfjell Drilling's Deepsea Nordkapp semi-submersible drilling rig, has encountered gas in several geological formations…
Oil company ConocoPhillips has drilled a dry well at the Bounty prospect in the Norwegian Sea, offshore Norway, and will plug and abandon the well.ConocoPhillips drilled the wildcat well 6306/3-2 some 30 kilometers south of the Fenja field in…
Shell's Edinburgh exploration well (30/14a-5) drilled in offshore UK license P255 has failed to encounter commercial quantities of hydrocarbons and is being plugged and abandoned.The news was shared by DNO, the Norwegian oil and gas company…
Black Sea-focused oil and gas company Trillion Energy International said this week that its 49% cost share for the Black Sea drilling program was fully funded, as the company completed capital raises totaling CDN$ 40.4 Million (USD$32million) year-to-date…
Offshore drilling firm Valaris said this week it has recently secured offshore drilling contracts and extensions worth $466 million in total, with the majority of the new backlog filled by a $327 million drillship deal with Equinor in Brazil…
Norwegian oil and gas company Equinor has awarded the drilling contractor Valaris a 540-day drilling contract for the Valaris DS-17 drillship. The offshore drilling contract is for operations in Brazil and is scheduled to start in 2023.Under…
British oil major BP has awarded a drilling contract to Stena Drilling for the use of its Stena IceMAX drillship in Canada.The contract is for one well and is scheduled to start in 2023.BP will use the drillship to drill a well off the coast of Newfoundland…
President Joe Biden's administration on Friday unveiled a five-year proposal for offshore oil and gas development in areas of existing production, and said the final plan may have anywhere from zero to 11 lease sales.The range of options, between two auctions a year and none at all…
Norwegian oil firm Equinor has exercised further work for Odfjell Drilling's Deepsea Stavanger semi-submersible drilling rig.The Deepsea Stavanger now has six remaining wells to be drilled which are expected to occupy the rig into Q2 2023. Equinor…
Lebanon's Hezbollah said on Saturday it had sent three unarmed drones towards an Israeli Mediterranean gas rig , which the Israeli military said it had intercepted. [Reuters illustrated the news with a photo of Stena Drilling's Stena IceMax drillship]…
Repsol Sinopec has appointed Adam Sheikh as Vice President (VP) Decommissioning and Energy Transition.The newly created role sits on Repsol Sinopec’s Executive Management Team (EMT), reporting to CEO Jose Luis Muñoz.Sheikh, whose most recent EMT role was VP Business Projects…
Oil and gas company Longboat Energy has completed the farm-in into two OMV's near-term, gas weighted exploration prospects on the Norwegian Continental Shelf ('NCS') targeting combined gross unrisked mean prospective resources of 223 mmboe of which 45 mmboe net to Longboat)…
The Biden administration on Thursday delayed the rollout of a proposed five-year offshore oil and gas development plan that had been promised by the end of the month, according to sources.Interior Department Secretary Deb Haaland in May had…
The U.S. Interior Department has recommended to the White House that all federal offshore oil and gas drilling auctions over the next five years be located in the Gulf of Mexico, where the drilling industry has already been focused for decades…
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