Oil and gas firm Chariot has been formally awarded the Rissana offshore license in Morocco, after agreeing on key terms in December 2020.The company has won a 75% interest and operatorship of the Rissana license in partnership with the Office…
Oil major TotalEnergies could see its license to develop a major offshore South African gas find scrapped if it does not submit a production plan by September, the oil and gas regulator said on Thursday.TotalEnergies discovered two large gas fields…
French oil major TotalEnergies said Thursday it had made a significant discovery of light oil with associated gas on the Venus prospect, located in block 2913B in the Orange Basin, offshore southern Namibia.TotalEnergies said that its Venus…
SFL Corporation, the owner of the West Linus jack-up drilling rig, has signed a rig management deal with offshore drilling firm Odfjell Drilling for the provision of management services for the harsh-environment unit.The rig, delivered in 2014…
The United States will hold its biggest ever sale of offshore wind development rights on Wednesday, in an area covering nearly half a million acres off the coasts of New York and New Jersey.It will be the first offshore wind lease sale under the administration of President Joe Biden…
ExxonMobil has started drilling at the Cutthroat prospect in a deepwater block in the Sergipe Alagoas Basin, offshore Brazil.The news of the drilling start-up was shared by Enauta, one of Exxon's partners in Block SEAL-M-428, where the well site is located…
Oilfield services giant Schlumberger on Tuesday announced the GeoSphere 360 3D reservoir mapping-while-drilling service. 'The service leverages advanced cloud and digital solutions to deliver real-time 3D profiling of reservoir objects. This…
Exxon Mobil Corp on Wednesday said it plans to have the capacity to produce with partners 1.2 million barrels per day of oil and gas (boed) offshore of Guyana by 2027.That adds 200,000 boed of production capacity compared to a previous estimate by the consortia led by Exxon…
Modern American Recycling Services, Inc. (M.A.R.S.) has acquired the DP3 diving support construction vessel “Caballo Marango” and will rename the vessel to 'Captain America.''The acquisition of this vessel represents a substantial investment…
As offshore market activity recovers and continues to increase through the next decade, as we expect it to, oilfield service (OFS) capacity is expected to tighten.As offshore market activity recovers and continues to increase through the next decade…
Fraser Well Management (FWM), a well engineering and project management specialist, has won a well operator services contract from North Sea Natural Resources Ltd (NSNRL) to deliver the Devil’s Hole Horst (DHH) appraisal well in the Central North Sea…
Nora Ventu, a firm formed by Falck Renewables and BlueFloat Energy to develop floating offshore wind farms off the Sardinian coast, has now launched a consultation to provide local communities with more information on two projects to be developed in the Gulf of Cagliari…
Abu Dhabi National Oil Company (ADNOC) on Thursday awarded framework agreement awards worth $1.94 billion 'to enable drilling growth.'The company, which plans to boost crude oil production capacity to 5 million barrels per day (mmbpd) by 2030…
Offshore drilling contractor Transocean expects rig dayrates to keep growing, boosted by high oil prices and growing demand, the company's CEO said Tuesday, as the company posted its fourth-quarter results.Transocean CEO Jeremy Thigpen said: 'As we move into 2022…
Offshore drillship contractor Seadrill on Wednesday announced its emergence from Chapter 11 bankruptcy after successfully completing its reorganization.The Plan was confirmed by the U.S. Bankruptcy Court for the Southern District of Texas on October 26…
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