Offshore Drilling News - page 8

 

Aker BP’s Norwegian Sea Wildcat Comes Up Dry

Feb 21, 2025

Norwegian oil and gas company Aker BP has drilled a dry wildcat well in the Bounty Updip prospect in the Norwegian Sea.The wildcat well 6306/6-3 S was drilled in production license 886, which was part of the awards in predefined areas (APA) 2016…

Environmental Groups File Lawsuit to Block Trump’s Offshore Drilling Plans

Feb 20, 2025

Environmental groups on Wednesday moved in court to block President Donald Trump’s administration from allowing offshore oil drilling along broad swaths of U.S. coastline, in what appeared to be the first legal challenges to the Republicans’ efforts to boost fossil fuel production…

Chevron Extends Shelf Drilling Scepter Rig’s Stay Off Nigeria

Feb 20, 2025

Offshore drilling contractor Shelf Drilling has secured a one-year extension with Chevron for its Shelf Drilling Scepter jack-up rig offshore Nigeria.The extension will begin in direct continuation of the rig’s current contract, extending the commitment until July 2026…

Seatrium Wins Saudi Jack-up Contract

Feb 19, 2025

Seatrium Offshore Technology has won an international tender from International Maritime Industries (IMI), the largest shipyard in the MENA region, for the supply of equipment and license for a LeTourneau Super 116E Class Self-Elevating Drilling Unit (SE-MODU)…

Borr Drilling Reports Strong Q4

Feb 19, 2025

Borr Drilling Limited (NYSE, OSE: BORR) delivered strong financial performance in the fourth quarter of 2024, reporting a net income of $26.3 million, up 171% from the previous quarter, and total operating revenues of $263.1 million, marking a 9% increase…

Valaris Retires Three Semi-Subs, Sells One Jack-Up Drilling Rig

Feb 19, 2025

Offshore drilling company Valaris has decided to retire three semi-submersible drilling rigs from its fleet as part of its fleet rationalization efforts, which also included the sale of one jack-up rig for $24 million.The semi-submersible rigs to be retired from Valaris fleet are VALARIS DPS-5…

Guyana, Dominican Confer on Oil Drilling, Refining

Feb 18, 2025

Guyana and the Dominican Republic are making progress on accords for offshore oil and gas exploration and to build a fertilizer plant and potentially a refinery in the South American country, Dominican President Luis Abinader said on Tuesday…

Rhino Finds Hydrocarbons in Orange Basin Block Offshore Namibia

Feb 18, 2025

Rhino Resources has completed the drilling of the Sagittarius 1-X well at PEL85 license in Orange Basin, offshore Namibia, encountering a hydrocarbon-bearing reservoir.The Sagittarius 1-X well was spud on December 18, 2024 using Noble’s drillship Noble Venturer…

Saudi and UAE Drilling Rig Owners Form Strategic Alliance

Feb 18, 2025

UAE-based shallow water drilling contractor Shelf Drilling has formed a strategic alliance with Arabian Drilling, the largest onshore and offshore drilling company in Saudi Arabia by fleet size, to work together on international rig deployment…

New Oil Discovery Validates Potential of Buzios Field

Feb 17, 2025

Petrobras has made an oil discovery at the Búzios field, reaffirming the pre-salt potential of the field located in the Santos Basin, offshore Brazil.Petrobras confirmed the presence of oil with the drilling of well 9-BUZ-99D-RJS, located in the western region of the Búzios field…

SLB Names Raman CSO, CMO

Feb 14, 2025

SLB has named new chief strategy and performance officers, according to a company memo seen by Reuters, the latest steps in a larger reorganization of its global structure.Aparna Raman has been appointed chief strategy and marketing officer…

Canadian Oil and Gas Firm Intensifies Ops at Gas Field Off Türkiye

Feb 14, 2025

Trillion Energy has started with the preparations to stimulate two wells at SASB gas field in an effort to enhance production at the project in the Southwestern Black Sea, offshore Türkiye.During January 2025, Trillion Energy completed installation…

Zohr Gas Field Off Egypt Soon to Start Production

Feb 14, 2025

Egypt's giant Zohr gas field will start production after resuming drilling within weeks, Prime Minister Mostafa Madbouly said on Thursday, adding that operator ENI had a plan to expand drilling in the next two years.Production had been curbed because of arrears owed to foreign oil companies…

ARO Drilling and IMI Shake Hands for First Saudi-Built Jack-Up Drilling Rig

Feb 13, 2025

ARO Drilling, a joint venture between Aramco and Valaris, and International Maritime Industries (IMI) have signed an agreement to build a new jack-up drilling rig, Kingdom 3, which will be the first to be constructed in the Kingdom of Saudi Arabia…

Exxon to Expand O&G Output in Guyana

Feb 12, 2025

A consortium led by Exxon Mobil is getting ready for a very active year for exploration and production in Guyana amid upgrades that expanded the capacity of some of its floating facilities and the expected arrival of a fourth vessel, the head of the U…

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