Oil And Gas News


QatarEnergy Expanding North Field LNG Development

Feb 25, 2024

QatarEnergy has announced that it is proceeding with a new LNG expansion project, the “North Field West” project, to raise the nation’s LNG production capacity to 142 million tons per annum (MTPA) before the end of this decade.This represents an increase of almost 85% from current production levels…

Esgian Week 8 Report: Industry Positive About Upcycle

Feb 24, 2024

This week, Esgian reports in its Week 8 Rig Analytics Market Roundup that offshore drilling contractors have expressed their confidence in the strength and longevity of the current upcycle.Report outline:ContractsValaris has confirmed that the contract for the 8…

AGR Extends Well Control Services Contract with Equinor

Feb 23, 2024

AGR, an ABL Group company, has signed a contract extension with Equinor for the provision of blowout and well control studies on the Norwegian continental shelf (NCS).Within the framework of the new two-year agreement, AGR will offer services such as blowout contingency planning…

US Supplier to Provide Subsea Wellhead Systems for Woodside’s Trion

Feb 23, 2024

U.S. offshore energy industry equipment maker Dril-Quip has been selected to supply the subsea wellhead systems for the Woodside Energy's Trion development offshore Mexico.The Trion project, a greenfield deepwater development, includes 24 wells across two phases…

Shell Starts Oil Production from Deepwater Project in Gulf of Mexico

Feb 23, 2024

Shell Offshore, a subsidiary of UK-based energy major Shell, has started production at Rydberg, a subsea tie-back to its Appomattox production hub in the Gulf of Mexico.With an estimated peak production of 16,000 barrels of oil equivalent per day (boe/d)…

Enhanced Drilling Wins Equinor Contract for Norwegian Ops

Feb 22, 2024

Enhanced Drilling has secured a five-year frame agreement with Equinor to provide its subsea technologies to be used for operations on the Norwegian Continental Shelf.The frame agreement is the first in its kind for Enhanced Drilling, and covers all technologies in its product portfolio…

Perenco Spuds Appraisal Well Offshore Gabon

Feb 22, 2024

Perenco Oil & Gas Gabon (POGG) has started drilling an appraisal well in the vicinity of the Hylia South West discovery offshore Gabon, using Dixstone’s BANBA jack-up rig.The field was discovered in December 2022 through the exploration well…

EnergyPathways Gets Subsea Support for Low-Emission Gas Field in Irish Sea

Feb 22, 2024

Mermaid Subsea Services has signed a Memorandum of Understanding (MoU) with EnergyPathways and MCS Group, through its UK subsidiary MCS Subsea Solutions, to advance the development of the Marram field.Under the terms of the MoU signed on February 9…

Baker Hughes Grabs Petrobras’ Well Construction Job at Búzios Field

Feb 21, 2024

U.S. oilfield services giant Baker Hughes has secured a ‘significant contract’ from Petrobras for integrated well construction services in the Búzios field, offshore Brazil.The integrated services project is set to start in the first half of 2025 and will include drilling services…

Equinor Granted Permission to Drill Wildcat Well in Barents Sea

Feb 21, 2024

The Norwegian Offshore Directorate has granted Equinor a drilling permit for a wildcat well in the Barents Sea, to be conducted with Transocean Enabler semi-submersible drilling rig.The permit is for the 7220/2-2 exploration well in production license 1080…

KCA Deutag Secures Contract Extension with Vår Energi on North Sea Platform

Feb 21, 2024

Oil and gas drilling services company KCA Deutag has secured a two-year contract extension for the provision of offshore drilling and maintenance services on the Ringhorne platform in the Norwegian North Sea from operator Vår Energi.The award…

Finder Energy Granted License Extension Offshore Western Australia

Feb 20, 2024

Australian oil and gas company Finder Energy has secured a license extension for its WA-547-P development, located in the prolific Dorado play trend in the Northern Carnarvon Basin offshore Western Australia.Finder Energy has been granted a…

UK Logistics Firm Gets BP’s Job Across 16 Sites Offshore Trinidad

Feb 20, 2024

Material management and logistics provider ASCO has secured a five-year contract with BP Trinidad and Tobago to provide its services across 16 offshore locations in Trinidad.Under the contract, which came into effect at the start of 2024, ASCO…

Esgian Week 7 Report: Earnings Season Starts

Feb 18, 2024

Esgian has released its Week 7 Rig Analytics Market Roundup saying “The earnings season for offshore drilling contractors is officially open following Odfjell Drilling's quarterly report on Thursday. Additionally, new contract awards have been confirmed for Borr Drilling…

Equinor Drills Dry Well in North Sea

Feb 16, 2024

Norwegian energy giant Equinor has drilled a dry exploration well in the North Sea offshore Norway.The exploration well 35/11-28 in the North Sea, part of 258 C license, has proved to be dry, according to the Norwegian Offshore Directorate.The…

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