UK-based oil and gas company IOG has started drilling the first development well at the Southwark gas field in the UK North Sea.The Noble Hans Deul jack-up rig had mobilized from repairs in Dundee on December 3, 2021, and initially jacked up at the Southwark Platform on December 9…
Offshore drilling contractor Valaris on Tuesday announced a new group of contracts for its rigs to be utilized in the U.S. Gulf of Mexico, U.K. North Sea and off the coast of Australia.Valaris said it secured a one-well contract with Kosmos Energy in the U…
Offshore drilling contractor Valaris announced on Monday that it has been awarded new bareboat charter agreements with ARO Drilling for several jackups. ARO Drilling, a joint venture between Valaris and Saudi Aramco, has signed contracts with…
Exploration drilling operations have commenced on the Equinor-operated Ginny exploration well 6407/9-13 in the Norwegian Sea.The well, in production license PL1060, targets both an Upper Jurassic (Ginny) and a Middle Jurassic (Hermine) prospect located between the Galtvort and Hasselmus discoveries…
Carnarvon Energy announced drilling has commenced at the Buffalo-10 well in the Timor Sea as the Australian oil and gas company aims to confirm sufficient hydrocarbons to support an economic development at the shut in Buffalo field north of Australia…
Norway's Petroleum Safety Authority (PSA) said it has given Equinor the green light to perform exploration drilling in block 34/4 in the Snorre field in the North Sea.Equinor will drill the 34/4-17 S well at Statfjord Kile using Odfjell Drilling's Deepsea Stavanger…
A magnitude 4.5 earthquake that rattled the Permian basin in Texas on Monday night is likely to add pressure on oil producers in the region to slow or stop underground wastewater injections that regulators believe may cause the tremors.The quake…
Shelf Drilling announced it has secured contract extensions for a pair of jack-up drilling rigs with Chevron Thailand Exploration and Production, Ltd. for operations in the Gulf of Thailand.The extensions for the Shelf Drilling Chaophraya and…
Offshore drilling rig contractor Borr Drilling announced it has reached agreements in principle with its largest creditors, the Singaporean yards, to refinance and defer a combined $1.4 billion debt maturities and delivery instalments from 2023 to 2025…
U.S. oil major ExxonMobil has started drilling the Glaucus-2 well in Block 10, offshore Cyprus, to better understand the size of the giant Glaucus-1 gas discovery made in the block back in 2019.The news was shared this week by the Cypriot Ministry of Energy…
Northern Ocean, the billionaire John Fredriksen-owned harsh-environment offshore rig owner, has signed contracts with the Norwegian offshore contractor Odfjell Drilling.Odfjell Drilling will provide Northern Ocean's rig fleet with marketing and management services…
Australian oil and gas company FAR Limited said Thursday its Bambo-1ST1 well offshore The Gambia had not encountered live oil columns and would be plugged and abandoned. Despite the disappointment, FAR said that the well data showed that several target intervals in the well had oil shows…
If the rest of December fails to yield any substantial finds, global oil and gas discoveries in 2021 will hit their lowest full-year level in 75 years, according to a Rystad Energy estimate.'As of the end of November, total global discovered volumes this year are calculated at 4…
Australian oil and gas company Western Gas has said that regulator NOPSEMA has accepted its Environment Plan to manage activities for the Sasanof-1 exploration well on the North West Shelf, Australia.Drilling is scheduled to start in March/April 2022 using the Valaris MS-1 semi-submersible rig…
Malaysia's Petronas has awarded six of the 13 offshore exploration blocks offered in the recently concluded Malaysia Bid Round (MBR) 2021, an event held annually where Petronas offers oil companies exploration blocks, undeveloped discovered resources…
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