Oil And Gas News

 

McDermott Secures Two EPCIC Contracts for Ruya Development Project

Feb 01, 2024

McDermott has been awarded two contracts from North Oil Company (NOC) to deliver engineering, procurement, construction, installation and commissioning (EPCIC) for packages 11 and 13 of the Ruya Development Project, as part of the expansion of the Al-Shaheen field…

Serica Energy’s CEO Steps Down

Feb 01, 2024

UK-based oil and gas company Serica Energy has announced that its CEO Mitch Flegg will step down from the position and as a director of the company, as David Latin takes the role of Interim CEO.David Latin, the current Chairman of the Board…

UK Offers 24 More North Sea Oil and Gas Licenses

Feb 01, 2024

The North Sea Transition Authority (NSTA) has offered 24 licenses in the second tranche of the U.K.’s 33rd oil and gas licensing round for 17 separate companies among which are Shell, Equinor, BP, TotalEnergies and NEO.On January 31, 2024, NSTA…

QatarEnergy Awards $6B in EPCI contracts for Al-Shaheen Oil Field Expansion

Jan 31, 2024

QatarEnergy has awarded the four main Engineering, Procurement, Construction, and Installation (EPCI) contract packages related to the next development phase of the Al-Shaheen field, Qatar’s largest offshore oil field, to increase production by about 100…

Saudi Arabia Instructs Aramco to Lower Oil Production Capacity Target

Jan 30, 2024

Saudi Aramco on Tuesday said it was asked to cut its planned maximum sustainable oil production capacity to 12 million barrels a day (bpd), having raised it to 13 million bpd almost four years ago.The move in no way reflects a change of view…

EMGS Scoops $11.7M Survey Contract Offshore Brazil

Jan 30, 2024

Norway-based Electromagnetic Geoservices (EMGS) has secured a contract with Petrobras for a fully prefunded multi-client survey offshore Brazil.The total contract value is approximately $11.7 million, according to EMGS.The survey is expected to start late March or early April 2024…

Wellesley Gets Permit to Drill Wildcat Well in Toppand East

Jan 30, 2024

The Norwegian Offshore Directorate has granted Wellesley Petroleum a drilling permit for well 35/11-29 S in production license 248 C in the North Sea offshore Norway.The exploration well will be drilled with COSL’s COSLPromoter rig, hired on behalf of 248 C license partners by Wellesley Petroleum…

Seadrill Secures $97.5M in New Drillship Contracts

Jan 30, 2024

Offshore drilling contractor Seadrill has secured multiple contract awards totaling approximately $97.5 million for its West Vela and West Cappella drillships, announcing also it would resume management services for its West Auriga drillship earlier than expected…

Prosafe's Safe Concordia Flotel on $12.7M Extended Stay in Gulf of Mexico

Jan 29, 2024

Offshore accommodation rig provider Prosafe has informed that its Safe Concordia semi-submersible flotel secured charter extension in the U.S. Gulf of Mexico.The charterer of the Safe Concordia flotel exercised early the first four months of six available months of options…

Petrobras Boosts 2023 Oil and Gas Production for 3.7%

Jan 29, 2024

Brazil's state-run oil company Petrobras has reached total oil and natural gas production of 2.78 MMboed in 2023, which is an increase of 3.7% from the production recorded a year before.Commercial production of oil and natural gas was 2.44 MMboed and oil production 2…

Esgian Week 4 Report: Spotlight on Drilling Activities and Discoveries

Jan 26, 2024

Esgian's latest market roundup for the fourth week of 2024 brings several updates on new oil discoveries and plans for exploration drilling across the world, together with reports about new contracts and mobilization of rigs.  ContractsDragon…

Odfjell Drillers Call Off Strike as Rotation Issues Get Resolved

Jan 26, 2024

UK-based workers' union Unite has confirmed that over 100 offshore drillers employed by Odfjell Technology on Equinor’s Mariner platform have secured a new working rotation bringing the dispute to an end.Unite members voted overwhelmingly in favor of an improved offer by Odfjell…

Galp to Further Evaluate Extent of Mopane Oil Discoveries with Hercules Rig

Jan 26, 2024

Portuguese oil and gas Galp has set out plans to drill another well using Odfjell Drilling-managed semi-submersible rig Hercules, after discovering significant column of light oil at Mpane-1x well in Namibia’s PEL 83 block.Galp (80%, operator)…

BOEM Increases Monetary Penalties for Oil and Gas Companies

Jan 25, 2024

The US Bureau of Ocean Energy Management (BOEM) has announced a Final Rule that implements the 2024 inflation adjustments for the maximum daily civil monetary penalties contained in BOEM regulations in accordance with Federal law.The Federal…

Seatrium Starts Fabrication of Shell's Sparta FPU

Jan 25, 2024

Seatrium has started the steel fabrication for Sparta semi-submersible floating production unit (FPU), which is the Singapore-based company’s third FPU to be built for its long-standing customer Shell.The steel cutting ceremony marks the beginning…

Current News

ExxonMobil, Hess, CNOOC Withdraw from Guyana’s Oil Block Negotiations

ExxonMobil, Hess, CNOOC Withdr

Velesto Completes Removal of Wrecked Naga 7 Jack-Up Rig Off Malaysia

Velesto Completes Removal of W

Saudi Aramco Suspends Another Shelf Drilling Jack-Up

Saudi Aramco Suspends Another

BP Greenlights $7B CCUS Scheme Tied to Indonesia LNG Facility

BP Greenlights $7B CCUS Scheme

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