Serica Energy has completed the acquisition of a portfolio of Southern North Sea assets from Spirit Energy, adding around 10,000 barrels of oil equivalent per day of production and 18.7 million boe of proved and probable reserves.Serica made…
Solstad Maritime has been awarded contracts for two anchor handling tug supply vessels (AHTS) for drilling support work in the Asia-Pacific region.The combined firm value estimated at the upper end of a $10 million and $30 million range, according to the Norwegian vessel owner…
Aker Solutions has been awarded a three-year frame agreement to provide engineering and integrity services across BP's North Sea assets, expanding its existing work for the energy company.The agreement extends Aker Solutions' support from BP's…
Saudi Arabia’s drilling contractor Arabian Drilling has signed a four-year contract worth about $533 million (SAR 2 billion) with Khafji Joint Operations (KJO) to provide four high-specification offshore jack-up drilling rigs.The contract will support KJO's offshore drilling operations…
Noble Corporation has secured a contract by Tullow Oil for the Noble Faye Kozack drillship for a drilling campaign offshore Ghana.The work will include up to 10 wells off Ghana, with the campaign expected to start in mid-2027.“This award reflects…
The world's biggest energy companies are poised to deliver another quarter of bumper profits, fuelled by record refining margins. Flush with cash, Big Oil now needs to chart a course for future growth in a world reshaped by the Middle East crisis…
SLB has been awarded four integrated well construction contracts by Aramco covering more than 450 oil and gas wells across Saudi Arabia over an initial three-year period.Each contract includes an option to extend the work by up to two years…
Aker BP and partners Equinor and DNO have increased the estimated size of the Verdandi and Lillefix discoveries in the North Sea following an appraisal well that encountered both oil and gas.Preliminary estimates following drilling put the discoveries at between 1…
Ventura Offshore has agreed a contract amendment with two subsidiaries of Eni and Petronas joint venture Searah for an additional well offshore Indonesia, adding about $21.7 million to the firm backlog of its SSV Catarina semi-submersible drilling rig…
Eni has confirmed it was awarded a 100% participating interest in Indonesia's deepwater Sapukala exploration block, adding acreage adjacent to its existing portfolio and the future North Hub developments in the Kutei Basin.The award, previously…
The National Gas Company of Trinidad and Tobago (NGC) and Shell Trinidad and Tobago have finalized commercial agreements supporting the Aphrodite offshore gas project, with first gas expected by the second quarter of 2027.NGC's pipeline and…
Oil and Natural Gas Corporation (ONGC) has struck gas at a deepwater exploration well in India's Mahanadi Offshore Basin, with the well flowing gas at encouraging rates and reservoir pressure.The MN-DW18-1-H-D well, about 43 km off Konark on the Odisha coast…
Thai’s state oil firm PTTEP and Valeura Energy have taken a final investment decision on the first phase of the Bussabong gas development in the Gulf of Thailand, targeting first production around the end of 2028 from a 25-well development.Bussabong lies in the eastern part of Block G3/65…
The European Union will maintain its opposition to new oil and gas drilling in the Arctic, a European Commission spokesperson said on Monday, despite Norwegian pressure to drop the EU ban.The EU currently supports a ban on new drilling in the Arctic…
Petrobras, through its wholly owned subsidiary Petrobras Netherlands (PNBV), the Republic of Côte d’Ivoire and PETROCI Holding signed Production Sharing Contracts (PSCs) for eight offshore exploration blocks located in Côte d’Ivoire.The PSCs cover offshore blocks CI-513…