Petrobras has made a new oil discovery in block FZA-M-59 in ultra-deep waters off Brazil's Amapá state after finding another oil-bearing interval while drilling deeper at its Morpho exploration well.The discovery was made at the 1-BRSA-1405-APS well in a water depth of 2…
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…
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…
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…
The Norwegian Offshore Directorate has granted Equinor a drilling permit for a wildcat well in the North Sea.The permit is for wellbore 25/9-5 S in production license 1042, operated by Equinor with 30% working interest.Its partners are Aker BP with 40% share and Vår Energi with 30% working interest…
Valeura Energy has discovered a new oil accumulation near its Manora field in the Gulf of Thailand, with drilling results prompting the company to move immediately into development planning for a potential satellite facility.The Suraphi discovery…
Aker BP has made a gas discovery in the North Sea, using Saipem’s Scarabeo 8 semi-submersible drilling rig.The discovery was made 25 kilometers north of the Duva field, marking the first exploration well in production license 1153, which was awarded in APA 2021…
Saipem has completed the sale of its Saudi Arabian shallow-water drilling business to ADES Saudi Limited Company, advancing its strategy to focus its offshore drilling portfolio on deepwater and harsh-environment operations.The transaction, first announced in June…
Odfjell Drilling has received a letter of award from Vår Energi for a three-year drilling campaign with the Deepsea Bergen rig starting in early 2028, with the firm backlog valued at about $518 million.The work will begin after completion of…
Ventura Offshore has entered into an agreement with Eldorado Drilling to provide marketing and operations management services for the seventh-generation ultra-deepwater drillship Deep Value Driller, while also securing a drilling contract with Petronas E&P Bobara in Indonesia…
Valeura Energy has announced that it intends to accelerate its Wassana field redevelopment project on block G10/48 (100% operated interest) in the offshore Gulf of Thailand.Dr. Sean Guest, President and CEO, commented: “Work on our new-build…
General Hydrocarbons Limited (GHL) has approached Dolphin Drilling with a non-binding proposal combining a potential deployment of the Blackford Dolphin rig in Nigeria with a cash settlement of a portion of an approximately $105 million arbitration award…
The U.S. Interior Department is preparing to ease environmental review requirements for some oil and gas exploration activities in Alaska's National Petroleum Reserve as part of the Trump administration's push to speed energy development in the Arctic…