Sunda Energy has secured a 12-month extension to the current phase of its Chuditch gas licence offshore Timor-Leste, following an earlier warning from the country's upstream regulator that the production sharing contract (PSC) could be terminated over unmet drilling obligations…
Finder Energy has signed a contract worth an estimated $42.3 million with Eneos Drilling for the Hakuryu-5 semi-submersible rig to drill three development wells at the Kuda Tasi and Jahal (KTJ) offshore oil project in Timor-Leste.The agreement covers the provision of the rig…
Offshore drilling contractor Transocean has secured contracts worth approximately $550 million for two ultra-deepwater drillships in the U.S. Gulf, covering a combined 15 wells and adding to the company's firm contract backlog.The contracts…
Eni has completed the Bouri Gas Utilization Project (GUP) offshore Libya, with start-up procedures underway for infrastructure designed to recover associated gas previously flared at the field and reduce CO2 emissions by approximately 1.5 million tonnes annually…
Oil and gas producer Ithaca Energy will likely halt further investment in Britain if the government does not approve its Rosebank oilfield in the North Sea, chair Yaniv Friedman said in an interview with the Financial Times on Tuesday.The company…
Oilfield service companies including Weatherford International, Baker Hughes, Halliburton and SLB are advertising dozens of jobs in Venezuela, according to company websites, an early sign that a Washington-backed plan to rebuild the country's energy industry is gaining traction…
Norway's combined oil and gas production missed an official forecast by 4% in September, data from the Norwegian Offshore Directorate (NOD) showed on Tuesday.Oil production was slightly ahead of projections while natural gas was lagging, the data showed…
Abu Dhabi-based Ocean Oilfield Integrated Solutions has completed the acquisition and taken ownership of the former Noble Resolve jack-up drilling rig, now renamed Ocean MVM, from Noble Corporation.The GustoMSC CJ50-X100 MC jack-up arrived in Malta on October 13…
Vår Energi and Equinor have made a gas and condensate discovery at the Lakris prospect in the Norwegian Sea, with preliminary estimates indicating recoverable resources of between 1.3 million and 5.5 million barrels of oil equivalent (boe).The…
Equinor and its partners in Norway's Troll field have decided to complete the Troll West Electrification (TWEL) project without installing a second electric export compressor on the Troll C platform, a move expected to make an additional 2.3…
Norwegian offshore vessel owner Eidesvik Offshore has secured a contract extension from Equinor for its platform supply vessel (PSV) Viking Avant, keeping the vessel under contract until the end of 2027.The extension follows directly from the…
Woodside Energy has suspended pre-commissioning activities at its Scarborough gas project's floating production unit (FPU) offshore Western Australia following a Greenpeace protest that saw two activists occupy the facility for two days before being taken into police custody…
Venezuela expects nearly $76 billion in oil investment over the next five years under recently signed agreements, acting President Delcy Rodriguez said on Saturday, adding that a bilateral accord with the US includes plans to drill 250 rigs…
Britain's Serica Energy flagged a further delay to the restart of its Triton production vessel on Monday, prompting the oil and gas firm to lower its annual production forecast.Here are details from the company:Triton production is expected to resume around the end of November…
Equinor has exercised options for two additional wells using Odfjell Drilling's Deepsea Atlantic semi-submersible rig, extending its firm contract into the late fourth quarter of 2027.The additional wells will be drilled in direct continuation of the rig's existing contract…