Malaysian drilling contactor Velesto Drilling has won two offshore drilling rig contracts with Petronas Carigali.Under the contracts valued at $20.76 million in total, Petronas Carigali will hire Velesto's jack-up rigs Naga 2 and Naga 5.The Naga 2 jack-up…
Shallow water drilling rig contractor Borr Drilling said Wednesday it had entered into agreements potentially adding a total of $48 million over approximately 590 days to its rig contract backlog.For the jack-up rig 'Natt' Borr Drilling has…
Australian oil and gas company Beach Energy said Monday it had made a gas discovery at the Artisan-1 exploration well located offshore Victoria Otway Basin in Australia.The Artisan 1 exploration well was spudded by the Diamond Offshore Ocean Onyx rig on February 23…
Norwegian energy intelligence group Rystad Energy expects to see an increase in offshore wells drilled this year and the next one, compared to 2020, when the number was hit by low oil prices and the pandemic.Now, with oil and gas demand recovering supported by vaccinations and OPEC+ supply cuts…
Offshore drilling contractor Vantage Drilling has received court approval for a previously proposed deal which entails Vantage managing some of the rigs owned by Seadrill Partners.Vantage said Friday it had has entered into a Framework Agreement…
Offshore drilling contractor Noble Corporation has recently secured several drilling contracts and its CEO says there has been an uptick in tender activity in various markets.The company, which in February completed its financial restructuring…
A rapid rise in offshore drilling and deepwater gas extraction may seem an unlikely path to lower emissions, but are central planks of Chinese energy major CNOOC Ltd’s plan to help hit Beijing’s climate goals.While global peers like BP, Royal…
Australian oil company Santos has chartered the Noble Tom Prosser jackup drilling rig to drill the Pavo-1 and Apus-1 exploration wells, offshore W. Australia, Carnarvon Petroleum, a partner in the project has informed.The company, which is working…
Optime’s subsea system, Remotely Operated Controls System (ROCS) has completed a successful subsea operation for Aker BP, the company reports. The ROCS is designed to eliminate the umbilical during well completions, and it was deployed during…
Sitting at 49% of the total cost of decommissioning, wells plugging and abandonment (P&A) has long been high on the hit-list on the decommissioning cost reduction agenda. It’s a task that has no returns on the cost to do it, and activity is increasing…
UAE-based ADNOC Drilling has taken delivery of the Shelf Drilling Journey jack-up drilling rig from Shelf Drilling, following the sale and purchase deal signed in December 2020.Offshore drilling contractor Shelf Drilling said Thursday that it had on February 24…
Thai oil and gas company PTTEP has made a gas discovery at the Dokong-1 wildcat exploration well in Block SK417, located in the shallow waters of Baram Province, offshore Sarawak, Malaysia.PTTEP is the operator of the block with an 80 percent stake…
Chinese national oil company CNOOC said Sunday it had made a large oil and gas discovery Bozhong 13-2 in Bohai Bay.CNOOC said that the Bozhong 13-2 structure was located in the south-western Ring of Bozhong Sag in the Bohai Bay with an average water depth of about 23…
Australian oil company Carnarvon Petroleum is gearing up to start drilling at its Buffalo oil field project, in the Timor Sea, offshore East Timor.The company has awarded the drilling management services to Petrofac, which will include completion of detailed well design…
Sapura Energy, a Malaysian integrated oil and gas services and solutions provider, said Wednesday its Engineering and Construction (E&C) and Drilling divisions have recently secured contracts with a combined value of about RM1.85 billion (around USD 457 million)…
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