China's state-run offshore oil and gas explorer and producer CNOOC has started production from its Suizhong 36-1/Luda 5-2 discovery, located in Liaodong Bay of Bohai Sea.The main production facilities include two new central processing platforms and two new wellhead platforms…
Shell has confirmed that a rig contract has been signed with Valaris for the drilling of both the Selene exploration well and the Pensacola appraisal well in the North Sea, expected to start in summer 2024.The two wells will be drilled using the Valaris 123…
Norwegian offshore vessel owner DOF Group has secured ‘substantial contract’ with an international oil company for the platform supply vessel (PSV) Skandi Kvitsøy.The vessel will work in Australian waters and further strengthen DOF’s presence in Australia…
U.K. engineering company Wood has secured a contract extension with Equinor to deliver maintenance and modification solutions to its Peregrino offshore assets in Brazil.The two-year extension, worth $80 million, builds on a long-term and global partnership with Equinor…
McDermott has been awarded two contracts from North Oil Company (NOC) to deliver engineering, procurement, construction, installation and commissioning (EPCIC) for packages 11 and 13 of the Ruya Development Project, as part of the expansion of the Al-Shaheen field…
UK-based oil and gas company Serica Energy has announced that its CEO Mitch Flegg will step down from the position and as a director of the company, as David Latin takes the role of Interim CEO.David Latin, the current Chairman of the Board…
The North Sea Transition Authority (NSTA) has offered 24 licenses in the second tranche of the U.K.’s 33rd oil and gas licensing round for 17 separate companies among which are Shell, Equinor, BP, TotalEnergies and NEO.On January 31, 2024, NSTA…
QatarEnergy has awarded the four main Engineering, Procurement, Construction, and Installation (EPCI) contract packages related to the next development phase of the Al-Shaheen field, Qatar’s largest offshore oil field, to increase production by about 100…
Saudi Aramco on Tuesday said it was asked to cut its planned maximum sustainable oil production capacity to 12 million barrels a day (bpd), having raised it to 13 million bpd almost four years ago.The move in no way reflects a change of view…
Norway-based Electromagnetic Geoservices (EMGS) has secured a contract with Petrobras for a fully prefunded multi-client survey offshore Brazil.The total contract value is approximately $11.7 million, according to EMGS.The survey is expected to start late March or early April 2024…
The Norwegian Offshore Directorate has granted Wellesley Petroleum a drilling permit for well 35/11-29 S in production license 248 C in the North Sea offshore Norway.The exploration well will be drilled with COSL’s COSLPromoter rig, hired on behalf of 248 C license partners by Wellesley Petroleum…
Offshore drilling contractor Seadrill has secured multiple contract awards totaling approximately $97.5 million for its West Vela and West Cappella drillships, announcing also it would resume management services for its West Auriga drillship earlier than expected…
Offshore accommodation rig provider Prosafe has informed that its Safe Concordia semi-submersible flotel secured charter extension in the U.S. Gulf of Mexico.The charterer of the Safe Concordia flotel exercised early the first four months of six available months of options…
Brazil's state-run oil company Petrobras has reached total oil and natural gas production of 2.78 MMboed in 2023, which is an increase of 3.7% from the production recorded a year before.Commercial production of oil and natural gas was 2.44 MMboed and oil production 2…
Esgian's latest market roundup for the fourth week of 2024 brings several updates on new oil discoveries and plans for exploration drilling across the world, together with reports about new contracts and mobilization of rigs. ContractsDragon…