Rhino Resources, the operator of the petroleum exploration license (PEL85), and its partners have found oil in the Capricornus 1-X well in Orange Basin, offshore Namibia.The Capricornus 1-X well, spudded on February 17, using Noble Corporation’s Noble Venturer drillship…
Sunda Energy, the AIM-quoted exploration and appraisal company focused on gas assets in Southeast Asia, has entered into a series of agreements for the funding of the drilling campaign on the Chuditch gas field, offshore Timor-Leste, which is now targeted for summer 2025…
Italian energy contractor Saipem said on Wednesday its first-quarter core earnings jumped 31% year on year driven by the group's offshore engineering and construction activities.Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at 351 million euros ($398…
Offshore drilling contractor Vantage Drilling has received a conditional letter of award (CLOA) for the Platinum Explorer ultra-deepwater drillship, valued at approximately $80 million.The CLOA, with an undisclosed client and 90-day validity period…
Tidal Action ultra-deepwater drillship has embarked on a voyage from South Korea to Brazil to start its maiden job at Petrobras’ Roncador field.The drillship has been officially handed over by its owner Hanwha Ocean to its subsidiary Hanwha Drilling…
BW Energy has confirmed the substantial oil discovery with good reservoir and fluid quality at an appraisal well in the Bourdon Prospect offshore Gabon, reaffirming the potential of establishing a new development cluster in the area.According to BW Energy…
The seventh generation Atlantic Zonda drillship, managed by Ventura Offshore Midco, has started operations for Petrobras under a three-year drilling contract.The Atlantic Zonda is managed by Ventura Offshore through marketing and operating agreements with the rig owner…
The U.S. Interior Department on Friday said it would begin taking public input for a new five-year offshore oil and gas leasing program that could include new zones in the Arctic and elsewhere to maximize energy development.President Donald…
A number of multinational oil and gas companies including Chevron have exited their Red Sea oil and gas concession blocks after making no finds and have channeled their resources elsewhere in the country, the Egyptian petroleum ministry said…
Saipem has signed a renewal for its framework agreement with Saudi Aramco. The Long-Term Agreement (LTA) now extends until the end of 2027.With the renewal of the LTA, Saipem is reconfirmed in the exclusive list of contractors selected by Saudi Aramco who are eligible to bid for work orders…
ADNOC Drilling has secured a $1.63 billion, five-year contract for integrated drilling services (IDS) from ADNOC Offshore.The contract covers the provision of directional drilling, drilling fluids, cementing, wireline logging and tubular running services…
Shell has revealed ‘significantly better’ porosity and permeability properties at its Selene gas prospect in the North Sea, following the analysis of the data from the well drilled in 2024, prompting its partner Deltic Energy to raise estimates of recoverable gas reserves by 33%…
The Norwegian Offshore Directorate (NOD) has issued Aker BP a drilling permit for a wildcat well in the North Sea.The Permit is for wellbore 30/11-16 S in production license 873, operated by Aker BP with 47.7% working interest.Aker BP’s partners…
BP and its partner Chevron have made an oil discovery at the Far South prospect in the deepwater U.S. Gulf of America.BP drilled the exploration well in Green Canyon Block 584, located in western Green Canyon approximately 120 miles (193 kilometers) off the coast of Louisiana in 4…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has brought on stream Wenchang 9-7 oil field development in the western Pearl River Mouth Basin in South China Sea.The main production facility is a new drilling and production platform…
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