Saipem has strengthened its offshore drilling order intake with new contract awards and extensions worth a total amount of approximately $135 million, further reinforcing its presence in key strategic areas such as West Africa, the Mediterranean…
U.K.-based Pharos Energy, an independent energy company with assets in Vietnam and Egypt, has started a six-well drilling campaign offshore Vietnam designed to lift production from two of its existing fields and open new development opportunities…
The tender-assist drilling rig EDrill-2, owned by its SED Energy Holdings’ subsidiary Energy Drilling, has started operations for PTT Exploration and Production Public Company (PTTEP) in the Gulf of Thailand.EDrill-2 mobilized to the Gulf of Thailand…
Offshore drilling contractor Vantage Drilling has announced the termination of the contract for its ultra-deepwater drillship Platinum Explorer.The termination, with immediate effect, is for the 260-day campaign the Platinum Explorer drillship was hired earlier in 2025…
BP on Monday confirmed an oil and gas discovery in Namibia’s Orange basin as reported by African energy explorer and operator Rhino Resources earlier this month.Petroleum Exploration License 85, where the well was drilled, is operated by Rhino Resources with a working interest of 42…
Rigs drilling beneath the deep waters of the Gulf of Mexico will drive U.S. oil industry growth this year and next as onshore production slows due to lower prices and maturing shale fields, and analysts and consultants expect the trend to continue…
Kombi-II mobile offshore production unit (MOPU), converted from a jack-up drilling rig by Dixstone, has started its journey to Congo for deployment at Perenco-operated Kombi-Likalala-Libondo II (KLL II) permit.Dixstone, a sister company of oil and gas firm Perenco…
Pakistan’s state-owned Oil and Gas Development Company (OGDCL) has agreed to acquire a 20% interest in the Eastern Offshore Indus-C Block, joining forces with Pakistan Petroleum Limited (PPL), Turkish Petroleum Overseas Company (TPOC), part of Türkiye’s TPAO…
Egypt has a plan for the drilling of 480 exploratory oil wells on the basis of investments totaling $5.7 billion over the next 5 years, the country's petroleum minister said on Tuesday, as the country seeks to reverse declining production.The…
Offshore drilling contractor Valaris has secured a five-well contract with BP’s subsidiary BP Exploration Delta for VALARIS DS-12 drillship in Egypt.The contract is expected to begin in the second quarter 2026 and has an estimated duration of 350 days…
Chevron Suriname Exploration, a subsidiary of U.S. oil major Chevron, is about to start drilling the Korikori-1 exploration well in Block 5, offshore Suriname.The drilling operation, planned to start later in October, will be conducted with Noble Corporation’s Noble Regina Allen jack-up rig…
The Norwegian Ocean Industry Authority (Havtil) has granted OKEA a consent to use Deepsea Yantai semi-submersible rig for production drilling on the Draugen field in the Norwegian Sea.Draugen is a field in the southern part of the Norwegian Sea…
Brazilian state-run oil firm Petrobras has racked up 180 million reais ($33.7 million) in costs to keep a drillship on standby in the Foz do Amazonas basin, a company source and a local union said, as it awaits a regulator's decision on a drilling request…
BP has put its Murlach field in the U.K. North Sea into production, marking its sixth major project start-up in 2025.The two-well subsea tieback at Murlach adds a peak net production of around 15,000 boed to the BP-operated Eastern Trough Area Project (ETAP) in the central North Sea…
The shareholders of Dubai-based Shelf Drilling have approved the proposed cash merger with offshore oil contractor ADES International Holding, following the revised offer the Saudi Arabian firm.An extraordinary general meeting was held on October 6…
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