Offshore Drilling News - page 71

 

OEUK: There's Enough Oil & Gas in North Sea to Fuel UK for 30 Years, But Industry Needs Fiscal Certainty

Nov 15, 2022

The UK North Sea still has a lot to offer when it comes to oil and gas reserves yet to be produced. However, unpredictable fiscal conditions are denting the confidence of offshore energy-producing companies to invest and revitalize oil and gas exploration activity…

Equinor Leads the Way in Adoption of Low-emission Offshore Drilling Rigs, Westwood Says

Nov 15, 2022

The availability of emission-lowering upgrades for offshore rigs has been on the rise, but adoption of these new technologies is slow outside of Norway and the US Gulf of Mexico due to limited regulatory and financial incentives, energy intelligence group Westwood has found…

UK's NSTA Launches Probe into Possible License Breach

Nov 15, 2022

The UK-based offshore energy industry regulator, the North Sea Transition Authority (NSTA), said Monday it had opened an investigation into an operator suspected of breaching one of its license conditions.The investigation will look into whether…

TotalEnergies, Eni to Start Drilling in Block 9 as Israel, Lebanon Strike Maritime Border Deal

Nov 15, 2022

French oil major TotalEnergies and its Italian partner Eni have signed a framework agreement with Israel to implement the agreement on the maritime boundary, which was reached between Israel and Lebanon on October 27, 2022.In Lebanon, TotalEnergies is the operator of the exploration Block 9…

Saipem Wins Offshore Drilling Contracts Worth $800M

Nov 15, 2022

Italian energy industry services firm Saipem said Wednesday it had secured new offshore drilling contracts, three in the Middle East and two in West Africa, worth around $800 million in total.  In the Middle East, two new contracts have been awarded for two high-specification jack-up drilling units…

Shelf Drilling Secures Five-year Deal for Harvey H. Ward Jack-up Rig

Nov 14, 2022

Jack-up rig specialist Shelf Drilling said Monday it had secured a five-year contract for the Harvey H. Ward jack-up rig for operations in the Arabian Gulf.The firm period contract value, including mobilization fee, is roughly USD 192 million…

ADES Charters Two More Jack-up Drilling Rigs from Keppel O&M

Nov 11, 2022

Singapore's Keppel Offshore & Marine has signed bareboat charter contracts with the Saudi drilling firm ADES for two jack-up rigs to be deployed in Saudi Arabia. This brings the total number of rigs Keppel O&M has on a charter with ADES to four…

Aker BP Hires ModuSpec for Offshore Rig Intake and Inspection Services

Nov 10, 2022

ModuSpec has secured a contract to provide rig intake and inspection services to the Norwegian oil company Aker BP.The contract includes assisting Aker BP ASA during the inspection and acceptance phases of Saipem's Scarabeo 8, 6th generation…

Drilling Completed at Northern Lights CO2 Storage Project Offshore Norway

Nov 10, 2022

Drilling operations have been completed at the Northern Lights project in the Norwegian part of the North Sea for a CO2 injection well and a contingent injection well within CO2 storage license EL001.Northern Lights partners said Thursday that…

Brazil: Enauta Starts Production Well Drilling at Atlanta Field

Nov 10, 2022

Enauta, a Brazilian oil company, has begun drilling the new well 7-ATL-5H-RJS in the Atlanta Field of the Santos Basin, off the coast of Brazil.According to Enauta, the new well will cost $75 million to drill and connect to the FPSO at the field…

ExxonMobil Strikes First Discovery in Angola Block 15 in Nearly 20 Years

Nov 09, 2022

U.S. oil major ExxonMobil has made a discovery at the Bavuca South-1 exploration well at the Block 15, offshore Angola.The well encountered 30 meters (98 feet) of high-quality, hydrocarbon-bearing sandstone. It is located approximately 365 kilometers…

Diamond Offshore Nets $429M Drilling Contract in Brazil

Nov 08, 2022

Offshore drilling company Diamond Offshore said Monday it had received a notification of award of a new drilling program with Petrobras in Brazil.The soon to be signed four-year contract is for the semi-submersible offshore drilling Ocean Courage…

Conrad Asia Energy Wins Two Offshore Blocks in Indonesia

Nov 08, 2022

Indonesia awarded two oil and gas exploration blocks located off northern Sumatra, to Conrad Asia Energy on Tuesday, a senior energy ministry official said, the first awarded this year. The two blocks have total estimated resources of 2.2 billion barrels of oil (BBO) and 13…

Arabian Drilling Co Shares Up 18% on Market Debut

Nov 07, 2022

Shares of Arabian Drilling Company , a Saudi oilfield services firm, were up 18% above its listing price on its market debut in Riyadh on Monday, in a sign that investors still have appetite for local flotations despite a gloomy outlook for the world economy…

Hess Hires Velesto for Drilling Services in Malaysia

Nov 07, 2022

Malaysia's Velesto Energy has secured a $135 million integrated rig, drilling, and completion services deal with Hess Corp. in Malaysia.The i-RDC is a concept in which integration of drilling rig services, equipment and in some cases procurement…

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