Offshore drilling contractor Transocean has announced plans to dispose of four drillships and one semi-submersible drilling rig as part of its fleet optimization efforts.On August 27, 2025, Transocean announced it intends to dispose of, by sale to a third party for recycling or alternative use…
U.S. oilfield services provider Halliburton has been cutting staff in recent weeks, according to two sources familiar with the matter, marking the latest workforce reduction in the U.S. oil industry as it faces rising costs and a period of lower prices and volatility…
Petrodec’s newly constructed heavy lift jack-up vessel, named Obana, has started decommissioning work in the Southern North Sea for Perenco.Obana is working on the decommissioning of the Galahad platform, after which it will move to the Amethyst field for the removal of the C1D…
Offshore drilling contractor Borr Drilling has secured new contract commitments for two of its premium jack-up rigs and confirmed the start of operations for one of its rigs offshore Mexico.In the North Sea, Borr Drilling’s Prospector 1 jack…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has started production from the Wenchang 16-2 oil field development project in the northern part of South China Sea.The project is located in the western Pearl River Mouth Basin…
Offshore drilling firm Shelf Drilling has secured a contract extension for the Shelf Drilling Tenacious jack-up rig with Chevron’s subsidiary Cabinda Gulf Oil Company (CABGOC) for drilling operations offshore West Africa.The extension will begin in direct continuation of the rig’s current contract…
Saudi oil and gas drilling contractor ADES Holding has signed a multi-year contract extension for its jack-up rig Aquamarine Driller with QatarEnergy.The estimated value of the contracts is $215 million, including the firm and optional extensions…
Brazilian oil regulator ANP will offer seven blocks in an upcoming auction for areas to explore in the country's offshore pre-salt region, set to happen on October 22, it said in a statement on Wednesday.Bidding will be opened for Jaspe, Citrino…
Azule Energy, the joint venture between Italian oil and gas explorer Eni and BP, expects to invest another $5 billion in Angola over the next four to five years, Eni's Chief Operating Officer Guido Brusco told Reuters on Wednesday.The latest…
Fugro has completed a site investigation job for Ørsted at a future offshore wind farm landing site along Victoria’s eastern coastline in Australia.The project featured the first onshore deployment of Fugro’s patented Heat Flow Module (HFM) CPT probe…
Egypt's petroleum ministry said on Friday that two new wells in the deepwater West Delta have gone online, adding about 60 million cubic feet per day (mcfd) of natural gas to the country's output.Egypt seeks to boost gas production after increasingly turning to imports to meet domestic demand…
Australian gas producer Santos on Monday agreed to further extend the exclusivity period for an $18.7 billion takeover bid from a group led by Abu Dhabi National Oil Co (ADNOC), and reported a better-than-feared 22% drop in first-half profit…
Norwegian oil and gas firm OKEA has made oil discovery in the Talisker exploration well at the Brage field in the North Sea.The discoveries were made in the production license PL 055, operated by OKEA with 35.2% working interest, with partners Lime Petroleum 33…
Aker BP has completed the Omega Alfa exploration campaign in the Norwegian North Sea, resulting in a significant oil discovery that adds substantial new resources to the Yggdrasil area.The recoverable volume is estimated at 96–134 million barrels of oil equivalent (mmboe)…
TotalEnergies and its partners QatarEnergy and Société Nationale des Pétroles du Congo have been awarded an exploration license for the Nzombo offshore block in the Republic of Congo.Under the terms of the production sharing contract signed with the Congolese Government…
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