Malaysian drilling contractor Velesto Drilling revealed Wednesday it had secured an offshore drilling rig contract with Jadestone Energy. Under the contract, Velesto Drilling is providing a jack-up drilling rig for the East Belumunt field infill drilling program…
Jack-up drilling rig contractor Borr Drilling said Monday it had secured two letters of award ('LOA') for its premium jack-up drilling rigs 'Gerd' and 'Thor.'These awards increase the company's firm backlog by approximately 421 days, excluding optional periods…
Kuwait oil minister Saad Al Barrak told SkyNews Arabia on Thursday that his country will start drilling and begin production at the Durra gas field without waiting for border demarcation with Iran. Al Barrak has previously said that Kuwait and…
Malaysian oil and gas company Petronas Carigali said Monday it had made six oil and gas discoveries in five blocks offshore Sarawak, Malaysia.Petronas said that the discoveries were achieved on the back of an intensive domestic exploration drilling…
The Big three oilfield services (OFS) companies will likely report higher profits for the second quarter as resurgent demand in international markets and strong offshore drilling helped counter tepid activity in North America.Baker Hughes, Halliburton…
Malaysian firm Velesto Drilling, a subsidiary of Velesto Energy, has secured a contract from the Thai-based oil firm PTTEP to provide a jack-up drilling rig for its offshore drilling program in Malaysia.In a statement on Tuesday, July 11, 2023…
Offshore drilling contractor Transocean has secured a 16-well contract for the Transocean Equinox semi-submersible drilling rig in Australia for a consortium of four operators. The 380-day campaign contributes approximately $184 million in backlog…
After a slowdown in activity during 2020/2021 due to soft commodity prices, demand for FPSOs is picking up.With exploration hotspots like Namibia’s Orange Basin and the East Mediterranean delivering new finds, the FPSO market outlook is healthy…
India’s Oil and Natural Gas Corporation (ONGC) has recently moved 36 offshore drilling rigs to new locations in advance of the monsoon season, with assistance from ABL.'ABL have assisted as tow master and marine warranty service (MWS) provider on the rig moves…
Malaysian offshore drilling firm Velesto Drilling has received the Letter of Award from Vestigo Petroleum for the provision of jack-up drilling rig.The contract is for Velesto's jack-up drilling rig NAGA 2, with an estimated contract value of $10…
Malaysia's Hibiscus Petroleum said Wednesday its subsidiary Hibiscus Oil & Gas Malaysia Limited, had completed the longest well drilled in Malaysia at the Bunga Orkid field in the northern area of the PM3 CAA PSC.The PM3 CAA PSC is a commercial arrangement area between Malaysia and Vietnam…
BNP Paribas, France's largest bank, will no longer provide any financing dedicated to the development of new oil and gas fields, and it reiterated it targets an 80% cut of its oil exploration financing by 2030. 'BNP Paribas no longer provides…
Malaysian offshore drilling rig contractor Velesto Drilling has received three notices of assignments related to a drilling contract award with Petronas first announced in March.The contract is for providing three jack-up drilling rigs, the Naga 3…
Turkey has discovered 1 billion barrels of oil in a field in the southeast province of Sirnak, Turkish Petroleum (TPAO) said late on Wednesday, in the largest onshore oil find in the country.TPAO has drilled 2,771 meters deep so far and found a more than 162-meter light oil-bearing reservoir…
Chinese drilling rig builder CIMC Raffles has delivered the Wan Zuan 3 jack-up rig for operation by COSL in China.The Wan Zuan 3 jack-up drilling rig of F&G SUPER M2 design can operate in a water depth of 300 ft and drill to a depth of 30,000 ft…
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