Equinor and partner Neptune have struck oil in the Sigrun East prospect in the central part of the North Sea. Recoverable resources are estimated at between 7 and 17 million barrels of oil equivalent.Exploration wells 15/3-12S and 15/3-12AT2…
Jack-up drilling contractor Borr Drilling's Chairman has said that 2019 was a record year when it comes to jack-up rig contract years awarded and that demand is high for modern jack-ups.In a statement Friday, the Chairman of the Board, Paal…
The European Union has imposed sanctions against two persons for their involvement in Turkey's offshore drilling activities near the Cyprus coast in the Eastern Mediterranean.'Today, the [European] Council has placed two persons under restrictive…
Shell has chosen Maersk Convincer as Jack-up Rig of the Year 2019, recognizing the rig’s successful operation offshore Brunei, Maersk Drilling, the owner of the rig said Friday.Maersk Convincer arrived in Brunei In September 2017 to continue operations for Brunei Shell Petroleum…
Italian oil company Eni has upgraded its resource estimate for the Agogo field offshore Angola to over one billion barrels of oil in place. The field started production in January 2020.Eni said Wednesday it had successfully drilled Agogo-3,…
Bahamas Petroleum Company has received environmental authorization for its Perseverance #1 offshore well, expected to spud in April offshore The Bahamas.'Authorization represents the conclusion of an extensive and thorough process over many years…
Offshore drilling firm Seadrill said on Thursday the recent recovery of rig markets had slowed at the start of 2020, and that discussions with creditors on how to handle its massive debts would continue.The company booked $39 million in adjusted earnings before interest…
Lebanon's much-delayed search for offshore oil and gas is set to begin on Thursday with the results from its first exploratory well expected in the next two months, the chairman of the Lebanese Petroleum Administration (LPA) said on Wednesday…
U.S. Senator Marco Rubio on Tuesday said he was confident the administration of President Donald Trump will extend a ban on oil and gas drilling off Florida, despite its enthusiasm for opening much of the country's coasts to petroleum development…
Italian oil services group Saipem said on Wednesday it expected higher sales this year after it beat its 2019 targets and introduced a dividend for the first time in seven years.But it warned that concerns over the impact of the coronavirus…
Norwegian offshore drilling company Dolphin Drilling has signed a drilling contract for one of its rigs with Wellesley Petroleum.According to a statement released by the Dolphin Drilling CEO Bjørnar Iversen, the contract is for one firm well on the Norwegian Continental Shelf…
Wintershall Dea Norge has reduced the size estimate of its Baldebra discovery in the Norwegian Sea, after an appraisal well near the 2018 gas find proved dry.The 6604/5-1 gas discovery was proven in Upper Cretaceous reservoir rocks (the Springar Formation) in 2018…
Alaskan focused oil and gas group, 88 Energy Ltd (ASX:88E) provided a further update on Monday regarding the progress of the group’s Charlie-1 appraisal well on the North Slope of Alaska.With the rig mobilised and drilling to start this weekend…
Norwegian offshore safety regulator PSA Norway on Monday gave its approvals for offshore exploration drilling plans by Wintershall Dea Norge and Capricorn Norge. Wintershall Dea Norge, a Norwegian subsidiary of the German company Wintershall Dea…
Seacrest-capital backed Azinam and Oslo-listed Panoro Energy have agreed to farm into Africa Energy's Block 2B offshore South Africa, which contains the A-J1 oil discovery.Azinam will take a 50% stake and become the operator of the block, while Panoro will acquire a 12% percent share…