BP has completed drilling operations at the El Fayoum-5 gas discovery well in the North Alexandria Offshore Concession, marking the final well in its four-slot drilling campaign in the West Nile Delta.Drilled using the Valaris DS-12 drillship…
Vår Energi and its partners have drilled a dry well on the Kokopelli prospect, south of the Sleipner area, in the North Sea.The wildcat well 7/1-4 S is located in the North Sea in production license 1190. Two exploration wells have previously been drilled within this area…
Equinor and its partners have made an oil discovery at Mistral exploration well, located in the southern Norwegian sea.The well 6406/6-7S in the PL1119 license was drilled using Odfjell Drilling’s Deepsea Atlantic drilling rig.The well was drilled to a vertical depth of 4…
Canada-based oil and gas company Valeura Energy has completed an infill drilling campaign at the Manora field, offshore Gulf of Thailand.Manora field is located in license G1/48, where Valeura Energy holds a 70% operated working interest.Valeura drilled a five well program…
Paratus Energy Services, through its wholly-owned subsidiary Fontis Holdings, has received a notice from its client for early termination of the drilling contracts for Courageous and Intrepid jack-up drilling rigs due to ‘unfavorable contract terms’…
The cancellation of a license for Chevron to operate in Venezuela could lead to the negotiation of a fresh agreement between the U.S. producer and state company PDVSA to export crude to destinations other than the United States, sources close to the talks said…
Vår Energi has made an oil discovery in the operated Zagato exploration well near the Goliat field in the Barents Sea, marking a third oil discovery in a row the area.The preliminary estimated gross recoverable resources encountered in the well…
Talos Energy has announced its fourth quarter and year-end 2024 financial results, reporting a net loss of $64.5 million for the quarter and $76.4 million for the year.Production for the year was 92.6 MBoe/d (71% oil, 80% liquids).Talos Interim CEO…
Seadrill has announced its fourth quarter and full year 2024 results, highlighting a net income of $446 million and Adjusted EBITDA of $378 million in 2024.However, fourth quarter 2024 operating revenues totaled $289 million, compared to $354 million in the prior quarter…
Digital shale shaker surveillance technology DrillDocs, working with Aker BP, has employed its AI-enabled computer vision technology to automatically detect cavings on the Norwegian continental shelf (NCS) for the first time.DrillDocs’ CleanSight…
Malaysia-based offshore services firm Sapura Energy, through its drilling arm Sapura Drilling, has secured multiple contracts for drilling-related services with oil and gas companies, worth over $720 million.Sapura Drilling won two contracts…
On a frigid morning on the Black Sea the sun is glaring into the quiet navigation room of the massive semi-submersible drilling rig Transocean Barents, anchored in Romania's Constanta port.In a matter of weeks, the rig - known as the Mighty…
Galp, together with its partners NAMCOR and Custos, has hit oil and gas in another well drilled at PEL83 license at Orange Basin, offshore Namibia.The Joint Venture partners have drilled, cored and logged the Mopane-3X well (Well #5) which spud on January 2…
Egypt's petroleum minister Karim Badawi said on Tuesday that drilling work for the development of the Zohr gas field resumed in mid-February.Production had been curbed because of arrears owed to foreign oil companies.A drilling ship arrived…
ExxonMobil’s Australian subsidiary Esso Australia Resources and its partners have announced a nearly $200 million investment in the Kipper 1B project which will bring online additional gas supply from the Gippsland Basin.The project, which was approved by Esso Australia…
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