Offshore drilling contractor Transocean has secured a contract extension for its Deepwater Corcovado drillship with Petrobras, adding about $445 million in backlog.The 1,156-day extension will begin in direct continuation of the rig’s current activity and is expected to keep the vessel working through November 2030.Prior to the start of the new contract period in September 2027, Transocean said its…
U.S. oil major ExxonMobil, Energean and Helleniq Energy will sign a contract on Wednesday with Stena Drilling to start exploratory drilling in a western Greek offshore block, Greece's energy ministry said on Tuesday.ExxonMobil, Energean and…
CoreMarine & Jumbo Offshore have announced the award of a significant contract to perform the transport and installation of the soft-yoke (SSY) mooring systems, and hook-up of both the Hilli Episeyo FLNG and MKII FLNG vessels, in Argentina’s Golfo San Matías…
Shell said on Wednesday that weaker first-quarter gas output and a hit to short-term liquidity would be offset partly by stronger oil trading, offering an early glimpse into how the U.S.-Israeli war on Iranis reshaping oil majors' earnings.Global…
Offshore drilling contractor Seadrill has secured a 1,095-day contract extension for the West Polaris drillship with Petrobras offshore Brazil, adding about $480 million to its backlog.The extension will see the ultra-deepwater drillship continue operations at the Búzios field in the Santos Basin…
Shell is in advanced talks with Venezuela's government to develop four large areas near Trinidad and Tobago, in two of the South American country's largest offshore natural gas fields, two people familiar with the discussions said.The London…
The U.S. and Israeli war against Iran has changed the global market for liquefied natural gas (LNG), providing a boost to producers outside the Middle East that will likely last long after the current conflict ends.One of the major beneficiaries is Australia…
Sable Offshore said on Monday it has begun selling oil from its Santa Ynez Pipeline System offshore California to Chevron, after resuming crude transportation earlier this month.Shares were up more than 3% in premarket trading.The pipeline system…
Brazilian independent oil and gas firm PRIO has brought a second producing well online at its Wahoo field offshore Brazil, with output stabilizing at 12,000 barrels of oil per day.The company said additional wells are scheduled to come online…
A powerful tropical cyclone in Western Australia has disrupted production at the country’s two biggest liquefied natural gas plants run by Chevron and Woodside, exacerbating a global supply crunch caused by the conflict in the Middle East.Australia…
Adura Energy, a joint venture between Shell and Equinor, has signed a $3 billion reserve-based lending (RBL) facility to support its future growth and energy supply ambitions in the United Kingdom.The seven-year, senior-secured facility is Adura’s…
A joint venture by Energean, ExxonMobil and Helleniq Energy has notified Greece it would look for gas in a western offshore bloc, the nation's hydrocarbons management agency said on Thursday, a move that would involve the first test drilling in the country for decades…
Seadrill has announced that Sonadrill Holding, its 50:50 joint venture with an affiliate of Sonangol E.P., has been awarded a contract extension.A seven-well priced option for the ultra-deepwater drillship Sonangol Quenguela has been exercised…
The drilling results from Shell’s Sirius 1X exploratory well in the Mediterranean Sea offshore Egypt have shown encouraging initial indications, Egypt’s Ministry of Petroleum and Mineral Resources said in an update.The well is operated by Shell…
A sale of drilling rights in the Gulf of Mexico on Wednesday ended with $46.98 million in high bids from oil and gas companies, with a single bid from BP accounting for nearly half of the total, according to a livestreamed U.S. government auction…
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