The Norwegian Offshore Directorate (NOD) has granted Equinor a drilling permit for a wildcat well in the North Sea, to be conducted with COSL’s COSLInnovator semi-submersible drilling rig.The permit is for wellbore 34/10-56 S in production license 050 HS.The license is operated by Equinor with 70% working interest, while Petoro holds the remaining 30%.The drilling operation will be conducted with COSL’s COSLInnovator semi-submersible drilling rig…
ADNOC Drilling has reported its strongest-ever first-quarter performance, supported by high fleet utilization, growth in integrated drilling services and long-term contract coverage across its operations.The UAE-based drilling contractor posted first-quarter revenue of $1…
Italy’s Eni and UK’s BP have made a new natural gas discovery in the Nile Delta region, expected to produce around 50 million cubic feet of gas per day, by drilling an offshore well using advanced directional drilling technologies from onshore…
Perenco has completed a five-well drilling campaign at Tchibouela East field offshore the Republic of Congo, resulting in an additional 6,000 barrels of oil per day of production.The campaign, which concluded at the end of 2025, included horizontal…
ADNOC Drilling has completed its acquisition of an 80% stake in MB Petroleum Services (MBPS), forming a joint venture that expands its presence across Gulf markets and increases its total fleet to 170 rigs.The transaction, completed ahead of schedule…
Vår Energi has exercised a second option for the COSL Drilling Europe's COSLPioneer semi-submersible drilling rig.The extension builds on existing operations and reflects continued cooperation between the companies.The COSLPioneer is a semi…
Equinor is extending key supplier agreements with a combined value of around NOK 17 billion ($1.8 billion). Baker Hughes Norge, Halliburton and SLB Norge have been awarded the contracts for integrated drilling and well services to help maintain production from the Norwegian continental shelf…
Dutch grid operator TenneT is preparing to begin horizontal directional drilling at Maasvlakte as part of efforts to connect three offshore wind farms to the onshore grid.Steel casing pipes have been installed at three beach work sites, allowing drilling beneath the beach and seabed to begin…
Energy technology company SLB has launched AlphaSight, its latest innovation in reservoir mapping and drilling intelligence.AlphaSight leverages industry-first technologies, setting a new benchmark for visibility and control in complex drilling environments to maximize production potential…
Equinor has secured a permit from the Norwegian Offshore Directorate (NOD) to drill a wildcat well in the Barents Sea.The permit is for wellbore 7220/5-EC-2 H in production license 532.The license is operated by Equinor with 46.3%, with partners Vår Energi holding 30% and Petoro the remaining 23…
Continued idling of assets should the conflict persist would see wider MODU market tightening as drillers and NOCs manage capacity.The impact of the war in the Middle East on the offshore energy sector has so far received less attention than…
The European Union is considering dropping its opposition to new oil and gas drilling in the Arctic, the Financial Times reported on Wednesday.The EU has been pushing for an international ban on new oil and gas drilling on environmental grounds since 2021…
Conflict between Iran, the United States, Israel and allies throughout the Gulf region has had an immediate effect on the oil and gas industry, both upstream and downstream. Drone and missile attacks have damaged refineries and as of mid-April 2026…
Equinor and its partners have drilled a dry well in the Skoll and Hati prospects, east of the Visund field in the North Sea.Wildcat well 34/8-A-37 H was drilled in production license 120, 140 kilometers west of Florø and four kilometers east of the Visund A platform…
Canada-based oil and gas company Valeura Energy has signed an agreement with Shelf Drilling to chart the Shelf Drilling Enterprise jack-up rig for a three-year term through the end of 2029.The rig, owned by Shelf Drilling (Southeast Asia), a subsidiary of ADES Holding Company…
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