Galp and its partners have spudded another well in the Orange Basin, off Namibia, following the discovery of light oil and gas condensate in an appraisal well announced earlier in December.After the discovery at the Mopane-1A well, Galp and its PEL83 offshore block partners…
Harbour Energy has proven gas discovery in an appraisal well in the Norwegian Sea, drilled with Transocean Norge semi-submersible drilling rig.The gas has been proven in an appraisal well 6507/4-5 S, in license 211 CS, located 270 kilometers north of Kristiansund…
Offshore drilling contractor Borr Drilling has secured a contract for its Norve jack-up rig for drilling operations in West Africa.The work, with a repeat customer whose name was not disclosed, is in direct continuation of the Marathon Oil contract and is estimated to begin in third quarter of 2025…
Drilling waste management specialist, TWMA, has announced the appointment of Jonathan Parkes as its new Group Commercial Director. This strategic hire comes as the Aberdeen-based company continues to build on a period of rapid international growth and expansion…
Oil prices rose by nearly 2% on Monday on increased geopolitical risk after the fall of Syrian President Bashar al-Assad, and as top importer China flagged its first move towards a loosened monetary policy stance since 2010.Brent crude futures were up $1…
Global energy technology company SLB has introduced Neuro autonomous geosteering, which dynamically responds to subsurface complexities to drill more efficient, higher-performing wells, while reducing the carbon footprint of the drilling operations…
Sunda Energy, the AIM-quoted exploration and appraisal company focused on gas assets in Southeast Asia formerly known as Baron Oil, has entered into a non-binding Letter of Intent (LOI) with an unnamed drilling contractor for the use of its…
Brazil's state-run oil firm Petrobras PETR4.SA cut $1.1 billion in planned investments in decommissioning oil and gas platforms in its strategic plan for the 2025-2029 period, compared to what was earmarked in its 2024-2028 plan, the company told Reuters…
Oil prices fell 1% on Friday and were headed for a weekly loss as analysts projected a supply surplus next year despite an OPEC+ decision to delay output hikes and extend deep production cuts to the end of 2026.Brent crude futures were down 85 cents…
Offshore drilling contractor Northern Ocean has signed a contract for Deepsea Bollsta semi-submersible rig for work offshore Norway, set for completion before the start of its two-year contract with Equinor.The contract, with unnamed client…
Petrobras and its partner Ecopetrol have confirmed the largest gas discovery in the history of Colombia with the drilling of the Sirius-2 well in the Gujaira Basin, which has the potential to increase the country’s current reserves by 200%.The drilling of Sirius-2…
Brazilian prosecutors asked state-run oil firm Petrobras to do more studies before drilling off the coast of the Amazon rainforest, citing potential effects of extreme weather on tides, according to documents filed on Monday to environmental agency Ibama…
Oil prices rose more than 2% on Tuesday as Israel threatened to attack the Lebanese state if its truce with Hezbollah collapses, and as investors positioned for OPEC+ to announce an extension of supply cuts this week.Brent crude futures posted their biggest gains in two weeks…
The wildcat well in the Løvmeis prospect in the Norwegian Sea, drilled by Equinor, Orlen Upstream and Petrolia Noco, has been proven dry.Wildcat well 6608/10-R-2 H is located in production license 1013, where Equinor is the operator with 40% stake…
Offshore drilling contractor Shelf Drilling has secured work for its Main Pass IV jack-up rig offshore Nigeria.The firm term of the contract is approximately two years, and is scheduled to begin in December 2024, according to Shelf Drilling…
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