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Oil & Gas Drilling News - page 4

 

Carnarvon Wraps Buffalo Farm-Out. Drilling to Start in Late 2021

Apr 20, 2021

Australian oil and gas companies Carnarvon Petroleum and Advance Energy have completed the Buffalo oil field farm-out agreement as all the necessary conditions have been met.Carnarvon in December 2020 announced that Advance Energy would acquire 50% of the Buffalo project in the Timor Sea…

Petronas Charters Maersk Drillship for Ultra-Deepwater Well in Gabon

Apr 16, 2021

Petronas' Gabon subsidiary PC Gabon Upstream has chartered Maersk Drilling's deepwater drillship for one exploration well in Gabon.Maersk Drilling will supply the 2013-built Maersk Viking drilling rig which PC Gabon Upstream will use to drill an ultra-deepwater exploration well at approximately 2…

World's First: CMHI's Offshore Rig Gets DNV's 'Smart vessel' Notation

Apr 15, 2021

Shen Lan Tan Suo, a semi-submersible drilling rig from China Merchant Heavy Industry (CMHI), has received DNV’s Smart vessel notation compliance certificate. The rig is now the world’s first offshore unit the first to receive DNV's newly developed notation…

Petronas Awards 3-Year Well Intervention Deal to Welltec

Apr 15, 2021

Offshore energy technology company Welltec has secured a three-year contract with the Malaysian oil firm Petronas as the sole provider of downhole conveyance and powered mechanical services for Petronas' Malaysia operations.Espen Dalland, Area…

DEME Offshore, Penta-Ocean form JV to Build Offshore Wind Farms in Japan

Apr 14, 2021

Belgium-based offshore installation company DEME Offshore and Japanese marine contractor Penta-Ocean Construction are forming a joint venture to focus on the construction of offshore wind farms in Japan. 'The new Joint Venture brings together…

Velesto Secures 7-well Drilling Deal with Shell in Malaysia

Apr 08, 2021

Oil major Shell has awarded an offshore drilling contract to Malaysian drilling company Velesto, for operations offshore Malaysia.Velesto will, for Shell's subsidiaries Sabah Shell Petroleum (based in Miri, Malaysia) and Sarawk Shell (in Kota Kinabalu…

Shell Books Maersk Drillship for Four Wells Offshore Malaysia

Apr 07, 2021

Offshore drilling company Maersk Drilling has won a contract with Shell Malaysia for drillship Maersk Viking.Under the contract, the 7th generation drillship will drill four development wells at the Gumusut-Kakap field offshore Malaysia. The contract is expected to start in December 2021…

Masirah Oil Wraps Drilling Campaign Off Oman

Apr 06, 2021

Oil firm Masirah Oil, a subsidiary of Rex International, has said it has completed its program near the Yumna Field, in the Arabian Sea, offshore Oman. The campaign included two development wells and three exploration wells.The first prospect…

Buffalo Offshore Well Advancing to Drilling, Carnarvon Says

Apr 01, 2021

Australian oil and gas company Carnarvon Petroleum has informed that  Advance Energy has, subject to shareholder approval, raised capital to acquire a 50% interest in Carnarvon's Buffalo project, in the Timor Sea, offshore East Timor, paving way for the start of drilling operations this year…

Robots Could Replace Thousands of Oil & Gas Jobs, Cut Drilling Costs

Mar 30, 2021

Robots could replace hundreds of thousands of oil and gas jobs globally and reduce drilling labor costs by several billion dollars by 2030, if there is an industry push for such a transition, Rystad Energy has found.'Even when the Covid-19 downturn is finally past us…

PTTEP Discovers Oil and Gas at Sirung-1 Well, Offshore Malaysia

Mar 30, 2021

Thai oil and gas company PTTEP has made an oil and gas discovery from the first exploration well, Sirung-1, in Block SK405B, off the coast of Sarawak, offshore Malaysia.Phongsthorn Thavisin, PTTEP Chief Executive Officer, disclosed that PTTEP…

Malaysia: ConocoPhillips Books Velesto Jack-Up Rig

Mar 26, 2021

Malaysian offshore drilling company Velesto said Friday it had secured a drilling contract with ConocoPhillips in Malaysia.The contract is for Velesto's jack-up drilling rig NAGA 7. The estimated value of the contract is around $8 million.Under the contract…

Offshore Drillers Noble Corporation, Pacific Drilling Agree to Merge

Mar 25, 2021

Offshore drilling companies Noble Corporation and Pacific Drilling said Thursday they'd entered into a definitive merger agreement under which Noble will acquire Pacific Drilling in an all-stock transaction.  'The definitive merger agreement…

Petronas Hires Velesto Jack-Up Rig Duo

Mar 24, 2021

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…

Borr Drilling Wins New Rig Contracts, Extensions Worth $48M

Mar 24, 2021

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…

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Japan to Open Bidding for Akita Area Offshore Wind Farm

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