Malaysian oil and gas company Petronas together with its Petroleum Arrangement Contractors (PACs) recorded a total of 10 oil and gas discoveries in Malaysia in 2022, following the increase of exploration activities in the country. Eight oil and gas discoveries were made off the coast of Sarawak…
Norway's Vår Energi, majority owned by Italy's Eni, said on Friday it had made a gas discovery near the Goliat field in the Arctic Barents Sea, supporting the group's long-term plans to expand in the area. 'This is the largest discovery on the…
Offshore drilling firms Seadrill Limited and Aquadrill (ex-Seadrill Partners) on Thursday announced a definitive merger agreement under which Seadrill will acquire Aquadrill in an all-stock transaction. When the transaction is completed, Seadrill…
Jack-up rig leasing firm Shelf Drilling has secured three-year contracts for two of its offshore drilling rigs in India.The company said Thursday that the Indian national oil firm ONGC had awarded three-year deals for its Compact Driller and Key Singapore rigs…
Italian oil firm Eni, in partnership with the French oil company Total, has made a gas discovery at the Zeus-1 well, in Block 6, offshore Cyprus.The news was initially reported Wednesday by the Cypriot media and Reuters, and eventually confirmed by TotalEnergies…
For its offshore drilling and well projects in Norway, the oil and gas company Wintershall Dea will use AGR Software's iQx probabilistic time and cost estimation and tracking applications. AGR said Tuesday that the development would help with…
Four out of the eleven blocks on offer in the Santos and Campos Basins offshore Brazil, were acquired as part of Brazil's first cycle of the Open Acreage in the production-sharing model (OPP), held Friday by the country's oil and gas regulator…
Scana's PSW Technology has secured a contract to sell a deepwater riser system to offshore drilling contractor Northern Ocean.'The agreement involves the sale of a complete marine riser system to Northern Ocean for ultra-deepwater operations…
Norwegian oil and gas group Aker BP will use exploration, mergers, and acquisitions to rebuild its base of untapped resources after Friday's record investment decision, the company's chief executive told Reuters.Aker BP and its partners announced…
Offshore drilling firm Valaris Limited said Thursday it had secured $275 million worth of drilling rig contracts since its most recent fleet status report was issued on October 31, 2022. Valaris won contracts and contract extensions for one drillship and six jack-up rigs…
Offshore drilling rig owner Aquadrill said Thursday it had extended a charter-hire deal with drilling firm Diamond Offshore for its Vela drillship.The Vela drillship will be provided to an end client in the U.S. Gulf of Mexico for a 150-day drilling contract as part of the extension…
Brazilian state-run oil company Petroleo Brasileiro SA is struggling to get a license that it needs to drill the ultra-deep waters of the Foz do Rio Amazonas Basin this year as planned, a source close to the matter told Reuters on Thursday. Petrobras…
BP has awarded the offshore drilling company Noble Corp. a one-year drilling and plugging & abandonment services contract in the UK sector of the North Sea. The contract, for which Noble Corp. will deploy the ultra-harsh environment Noble Innovator (ex-Maersk Innovator) jack-up rig…
Israel's energy ministry on Tuesday announced the launch of the fourth bidding round for gas exploration rights in Israeli waters.As part of the fourth offshore exploration bidding round, four groups of exploration licenses (Zones) will be offered…
Tullow Oil has signed a production sharing contract (PSC) for Ivory Coast's offshore exploration license CI-803.Tullow will operate the license with 90% equity, with the remaining 10% held by PetroCi. The CI-803 offshore block covers an area of 1…
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