Perenco Rio del Rey, one of Perenco’s Cameroon subsidiaries, has started a five well development drilling campaign on the Kita Eden field, in the northern section of the Rio del Rey Basin, offshore Cameroon.As a result of its challenging shallow waters, 4 meters deep, and strong currents, no drilling has taken place in this field since 1984.However, Perenco and its services subsidiary, Dixstone, have successfully designed and built a shallow water barge specifically for the campaign…
Global jack-up marketed utilization has been on an upward trajectory since 2017, reaching its peak of 94% at the end of 2023. However, the outlook for the year ahead looks somewhat flat, though there is still time for new demand.The North Sea jack-up market has improved year-on-year since 2017…
Valeura Energy has bought the Nong Yao field’s FSO Aurora for $19 million, and expanded the drilling program at its Wassana field in light of favorable initial results.In a February 13 update shared by the company, Valeura said it had exercised…
Oilfield services and technology company SLB and Equinor have drilled the most-autonomous well section to-date at Peregrino C platform offshore Brazil, marking a significant step forward to fully autonomous drilling operations.SLB digital technologies for surface automation…
Canada-based oil and gas company Valeura Energy has announced plans to invest around $8 million in 2024 for new exploration within its Gulf of Thailand licenses, with opportunities identified in Wassana North, Nong Yao D, and the Ratree Prospect…
Valeura Energy has completed an infill drilling campaign at its Nong Yao oil field offshore Gulf of Thailand, where it holds a 90% operated working interest.The company has drilled four wells at the Nong Yao A wellhead processing platform, including…
Offshore drilling firm Seadrill on Wednesday announced it has agreed to sell three tender-assist units to Singapore's Energy Drilling Pte Ltd for a total of $85 million in cash.The units are the semi-tender West Vencedor and tender rigs T-15 and T-16…
On Friday, Australian oil and gas giant Woodside said that its Sangomar development project offshore Senegal was 82% complete and on target for first oil later this year. Once online, this will be Senegal's first offshore oil project in production…
Black Sea-focused oil and gas company Trillion Energy International said this week that its 49% cost share for the Black Sea drilling program was fully funded, as the company completed capital raises totaling CDN$ 40.4 Million (USD$32million) year-to-date…
Australian oil and gas company Woodside has awarded a contract to Australian offshore vessel owner MMA Offshore to support offshore field development drilling for the Scarborough Project in Australia’s North West.The contract is for a firm period of 350 days…
Pharos Energy plc, an oil and gas exploration and production company, with an interest in the TGT field offshore Vietnam, has completed the first phase of the infill development drilling program at the field, however, it has also experienced a setback with an FPSO compressor…
Offshore drilling rig contracting activity in West Africa is finally picking up as confidence slowly returns to the region.Esgian has previously reported that the US Gulf of Mexico and Brazil have already witnessed substantial recovery in the deepwater rig market…
Swedish oil company Lundin Energy has started production from the Solveig oil field in the North Sea, offshore Norway.First oil from the field, developed as a subsea tie-back to the Edvard Grieg platform was achieved Thursday, The Solveig field…
Malaysia's Sapura Energy has won the FEED contract for the design, construction, and installation of the Wellhead Platform (WHP) for Dorado offshore development in Western Australia.The WHP will be an unmanned installation, located in 90 meters water over the Dorado oil and gas field…
Australian oil and gas company Woodside Energy has completed the acquisition of the entire participating interest of oil company FAR in the offshore area in Senegal containing the Woodside-operated Sangomar development. The purchase price for Far's stake in the Rufisque Offshore…
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