BP has signed a memorandum of understanding (MoU) with the Egyptian government to evaluate opportunities for a five-well drilling program in the Mediterranean Sea.The program, at water depth ranging from 300 to 1,500 meters, is designed to accelerate…
Norwegian oil and gas firm Vår Energi has completed the drilling of second well at the Balder field in the North Sea using COSL Drilling Europe’s COSL Pioneer semi-submersible drilling rig.COSLPioneer delivered the second well, BT-4, at the Balder field for Vår Energi…
Offshore drilling contractor Dolphin Drilling has signed a letter of intent for a contract for the Borgland Dolphin semi-submersible drilling rig.The potential contract would be expected to have a value of approximately $58 million.The scheduled start would take place in the second half of 2026…
TotalEnergies, together with its partner South Atlantic Petroleum, have signed the Production Sharing Contract (PSC) for two exploration licenses offshore Nigeria.The PSC was signed for the PPL 2000 and PPL 2001 licenses, in which TotalEnergies is the operator with 80% working interest…
Offshore drilling contractor Transocean has announced plans to dispose of four drillships and one semi-submersible drilling rig as part of its fleet optimization efforts.On August 27, 2025, Transocean announced it intends to dispose of, by sale to a third party for recycling or alternative use…
The Norwegian Offshore Directorate (NOD) has granted Equinor a drilling permit for an exploration well in the Norwegian Sea.The permit is for wellbore 6407/1-B-2 H in production license 1121, operated by Equinor with 36.4% working interest.Other partners in the license include TotalEnergies with 29…
Equinor and its partners have drilled a dry well in the Deimos prospect in the Barents Sea.The wildcat well 7117/4-1 was drilled in production license 1238, 135 kilometers west of the Snøhvit field and 260 kilometers northwest of Hammerfest…
Egypt has signed four agreements with international firms worth more than $340 million to explore oil and gas in the Mediterranean and Nile Delta, the Petroleum Ministry said on Saturday.The deals, signed by the state-owned Egyptian Natural Gas Holding Company (EGAS)…
Equinor has proven petroleum in a wildcat well in Norwegian Sea, drilled by Transocean’s Transocean Encourage semi-submersible drilling rig.The well 6506/12-PB-3 H was tested the Smørbukk Midt prospect, located between Smørbukk and Smørbukk Sør about 250 kilometres southwest of Brønnøysund…
Offshore drilling contractor Borr Drilling has secured new contract commitments for two of its premium jack-up rigs and confirmed the start of operations for one of its rigs offshore Mexico.In the North Sea, Borr Drilling’s Prospector 1 jack…
Norwegian oil and gas firm OKEA has made oil discovery in the Talisker exploration well at the Brage field in the North Sea.The discoveries were made in the production license PL 055, operated by OKEA with 35.2% working interest, with partners Lime Petroleum 33…
Offshore drilling firm Shelf Drilling has secured a contract extension for the Shelf Drilling Tenacious jack-up rig with Chevron’s subsidiary Cabinda Gulf Oil Company (CABGOC) for drilling operations offshore West Africa.The extension will begin in direct continuation of the rig’s current contract…
UAE-based Vantage Drilling International has announced that the Conditional Letter of Award received from an undisclosed client for the ultra-deepwater drillship Platinum Explorer in April has been extended.This follows a 30-day extension from July 22 to bring the contract end date to August 29…
Aker BP has completed the Omega Alfa exploration campaign in the Norwegian North Sea, resulting in a significant oil discovery that adds substantial new resources to the Yggdrasil area.The recoverable volume is estimated at 96–134 million barrels of oil equivalent (mmboe)…
Talos Energy Inc. announced successful drilling results at the Daenerys exploration prospect located in the U.S. Gulf of America Walker Ridge blocks 106, 107, 150, and 151.The discovery well was drilled to a total vertical depth of 33,228 feet…