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Petronas Makes 'Significant' Oil & Gas Discovery Offshore Malaysia

Dec 07, 2022

Malaysian oil and gas company Petronas Carigali on Wednesday announced an oil and gas discovery at the Nahara-1 well in Block SK306,  in Malaysia.The discovery is located in the shallow waters of Balingian Province, about 150 kilometers from Bintulu, off the coast of Sarawak, offshore Malaysia.'The Nahara-1 well was successfully drilled to a total depth of 2,468 meters and encountered hydrocarbon in the Late Oligocene to Middle Miocene aged sedimentary sequences…

ADNOC Drilling to Buy Three New Jack-up Rigs for $320M

Nov 21, 2022

UAE-based offshore drilling contractor ADNOC Drilling said Monday it had agreed to buy three 'brand new' premium offshore jack-up drilling rigs for $320 million, 'with further acquisitions in the pipeline.'The company said the rigs would meet…

Saudi Arabia's State Fund Hires Banks for IPO of ADES, Sources say

Nov 21, 2022

Saudi Arabia's sovereign wealth fund is planning an initial public offering (IPO) of oil and gas drilling firm ADES International in Riyadh next year that could fetch more than $1 billion, according to two sources who declined to be identified as the matter is not public…

Hess Hires Velesto for Drilling Services in Malaysia

Nov 07, 2022

Malaysia's Velesto Energy has secured a $135 million integrated rig, drilling, and completion services deal with Hess Corp. in Malaysia.The i-RDC is a concept in which integration of drilling rig services, equipment and in some cases procurement…

COSL Bags $1,92B Worth of Offshore Drilling Service Deals in Middle East

Oct 25, 2022

Chinese offshore drilling contractor China Oilfield Services Limited (COSL) said Monday it had recently signed several long-term drilling rig service contracts in the Middle East. The contracts are worth around RMB14 billion (~$1,92 billion) in total…

ADNOC Says Breaks World Record for Longest Oil and Gas Well Drilled

Oct 20, 2022

Abu Dhabi National Oil Company (ADNOC) said Thursday it had set a new world record for the longest oil and gas well, at its Upper Zakum offshore concession.'Stretching 50,000 feet [15240 meters], the well is around 800 feet [243.84 meters] longer…

Keppel, Borr Drilling Strike Deal on Delivery Schedule for Five Jack-up Rigs

Oct 12, 2022

Singapore's Keppel said on Wednesday that it had reached a deal with the offshore drilling company Borr Drilling over the delivery schedule for five jack-up rigs ordered previously by Borr Drilling.The rig builder had in 2020 and 2021 agreed…

Arabian Drilling Set to Raise over $700M in IPO

Oct 12, 2022

Arabian Drilling Company, a Saudi oilfield services firm, said on Tuesday it will price its initial public offering at 100 riyals a share and is set to raise 2.67 billion riyals ($710.58 million).The final price is at the top end of a price range announced last month…

ADNOC Drilling Bags $1.53B Offshore Drilling Contract

Oct 10, 2022

Abu Dhabi National Oil Company (ADNOC) has awarded a $1.53 billion (AED 5.62 billion) contract to ADNOC Drilling, to expand ADNOC’s offshore operations and its objective to increase oil and gas production.ADNOC offshore division ADNOC Offshore awarded the two-year contract…

Valeura Energy Books Jack-up Rig for Wassana Oil Field Drilling

Oct 06, 2022

Valeura Energy, an oil and gas company with assets offshore in the Gulf of Thailand and the Thrace Basin of Turkey, has agreed with Petrovietnam Drilling and Well Service Corporation to charter the PV Drilling I jack-up drilling rig to support its Gulf of Thailand operations in 2023…

Lamprell, IMI Load Out Second Newbuild Jack-up Rig

Oct 05, 2022

Offshore energy engineering and construction services firm Lamprell and International Maritime Industries (IMI) on Tuesday announced the completion of the load-out and float-off of the second jackup drilling unit being constructed for IMI.The…

Petronas Taps ADC Energy for Offshore Rig Inspection Services

Oct 04, 2022

Aberdeen-basead ADC Energy has, through its local partner in Malaysia, Onyx, secured a three-year contract to deliver its rig integrity and inspection services to Petronas Carigali, a subsidiary of Petronas.The scope of work ADC Energy will…

Maersk Drilling Secures Work for Maersk Viking Rig in Malaysia

Sep 26, 2022

Maersk Drilling has secured a contract extension with Sarawak Shell Berhad and Sabah Shell Petroleum Co Ltd (SSB/SSPC) for the Maersk Viking drillship in Malaysia. The drillship will also work for PTTEP.Shell's Malaysian subsidiaries have have…

Inpex Books Ocean Apex Rig for Drilling Offshore Australia

Sep 01, 2022

Offshore drilling company Diamond Offshore Drilling has secured a contract for its Ocean Apex rig with Inpex in Australia. Inpex, based in Japan, will use the rig on the Northwest Shelf of Australia. The new contract covers two wells and is…

Australia: Santos Limits Barossa Gas Drilling Pending Court Decision

Aug 26, 2022

Santos Ltd has agreed to pause some drilling on the Barossa gas project in waters off northern Australia pending a court decision on a challenge by a group of Indigenous land owners seeking to stop the $3.5 billion project.Hearings on the case concluded on Friday at the Federal Court in Darwin…

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Gulf of Thailand: Valeura Energy to Buy Three Offshore Blocks from Mubadala Petroleum

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DEME, Penta-Ocean Unveil Upgraded Wind Turbine Installation Vessel Model

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Petronas Makes 'Significant' Oil & Gas Discovery Offshore Malaysia

Petronas Makes 'Significant' Oil & Gas Discovery Offshore Malaysia
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