Shell, the top U.S. offshore producer, said this week that two of its wells to boost production at the Perdido offshore development were delayed to the end of the year, while one was brought online in March.All three wells, part of Perdido's Great White unit…
Petrobras has identified the presence of high-quality oil with no contaminants in the pre-salt of Santos Basin, in an exploratory well in Aram block, offshore Brazil.Well 3-BRSA-1396D-SPS is located 248 km from the city of Santos-SP, at a water depth of 1…
The Norwegian Offshore Directorate has granted OMV (Norge) a drilling permit for two wildcat wells in the Norwegian Sea, which will be drilled with Odfjell Drilling-managed DeepSea Bollsta semi-submersible rig.The permit is for wellbore 6606/4-1 S and 6606/4-1 A in production license 1194…
Oil and gas company OMV Petrom has signed the commercial contract with the Republic of Moldova for the delivery of gas from Neptun Deep field in the Black Sea.The signed contract provides for the supply of natural gas for three years to the virtual trading point (VTP) in Romania…
Offshore drilling contractor Dolphin Drilling has moved its 1990-built semi-submersible rig to Caledonia field in the North Sea ahead of upcoming permanent plug and abandonment (P&A) operation.The rig, Paul B. Loyd Jr., has completed operations at Harbour Energy's Brodgar well…
U.S. offshore producer Beacon Offshore Energy expects first oil from its Shenandoah floating production system in June, a company executive said on Tuesday.The floating production unit, which is expected to produce 120,000 barrels of oil per day (bpd)…
Valaris has agreed to sell jack-up drilling rig VALARIS 247 to BW Energy for cash proceeds of approximately $108 million.The sale is expected to close in the second half of 2025, subject to customary closing conditions. As part of the sales agreement…
Offshore drilling contractor Valaris has secured a $135 million contract for its Valaris DS-15 drillship, which will be put to work offshore West Africa.The five-well contract with an undisclosed client is expected to start in the third quarter 2026…
ADNOC Drilling has been awarded a contract for three island rigs by ADNOC Offshore, valued approximately $806 million, to support expanding operations at the offshore Zakum development project.The three rigs are in addition to three ordered in July 2024…
The offshore rig market recovery appears to have taken a pause, with demand tapering off and marketed utilization hitting the lowest levels recorded since recovery began in 2021. A variety of factors have contributed to this – including Saudi…
Oilfield services firm Archer has signed a five-year contract with Repsol Resources UK for platform drilling services, facilities engineering, coil tubing, wireline services, and downhole well service technologies.The agreement also includes a two-year optional extension…
Offshore drilling company Valaris has secured over $1 billion of new contracts and extension for its drilling rigs since its previous fleet status report published mid-February 2025.Valaris’ contract backlog, excluding lump sum payments such as mobilization fees and capital reimbursements…
CRP Subsea, an AIS company, has secured a contract with Shell for the supply of crushable foam wrap (CFW) for the Whale deepwater development in the Gulf of America.The initial order is for one well-set, with additional orders for four more well-sets expected throughout 2025…
On April 18, 2025, the Department of the Interior announced that the Bureau of Ocean Energy Management (BOEM) would soon initiate the first step in an engagement process to develop the 11th National Outer Continental Shelf Oil and Gas Leasing Program (National OCS Program)…
Akrake Petroleum, Rex International's indirect subsidiary, has signed contracts for a Mobile Production Unit (MOPU) and an Aframax tanker to be used as a Floating Storage and Offloading (FSO) unit for its Seme field, off Benin.The MOPU will be converted from a medium-sized drilling rig…
