Crown Energy said Thursday it would withdraw from the joint venture operating the Block 2B offshore South Africa after disappointing results of the Gazania-1 exploration well drilled in 2022.The Gazania-1 well was spudded in October 2022, using the Island Innovator semi-submersible drilling…
A noticeable recovery in the West African offshore floating rig market (semisubmersibles and drillships) has been slower to arrive than the other two points of the Golden Triangle – Brazil and the US Gulf of Mexico – but now appears to be well underway…
After discovering oil and the Graff-1 well in Namibia in 2022, Shell has now made another offshore oil discovery in the country's deep waters.This time, Shell made a discovery at the Jonker-1X deep-water exploration well, QatarEnergy and Namcor…
Challenger Energy said Wednesday that it had identified three sizeable prospects in its AREA Off-1 offshore block in Uruguay of between 1 to 2 billion barrels and that the company said it would launch a farm-out process 'following unsolicited interest from a number of industry counterparties…
PGS has signed a 3D exploration acquisition contract for work offshore Namibia. The Norwegian company said in a stock exchange announcement that it was mobilizing its Ramform Titan vessel for the survey. The acquisition is expected to be completed in late May 2023…
French oil major TotalEnergies is set to embark on a multi-well appraisal and exploration program offshore Nambia, where it made one of the world's largest oil discoveries in 2022, by drilling the Venus-1x well.According to Impact Oil & Gas Limited…
Qatar's state-owned energy company on Wednesday signed a deal to acquire from ExxonMobil stakes in two Canadian offshore explorations block, the latest in the Gulf state's efforts to expand its global oil and gas portfolio.QatarEnergy, the world's largest producer of liquefied natural gas (LNG)…
Norwegian seismic survey firm PGS has secured a 3D exploration acquisition contract with 'a major international energy company.'PGS said in a stock exchange filing on Wednesday that its Ramform Titan vessel was scheduled to mobilize for the survey in late June…
The Australian oil and gas company Woodside Energy has entered into an agreement for an option to acquire a 56% Participating Interest in Petroleum Exploration License 87 (“PEL 87”) offshore Namibia.This is according to the Canadian company Sintana…
Dutch seabed survey firm Fugro will buy two 83.4-meter-long platform supply vessels, Topaz Endurance and Topaz Energy, and convert them into geotechnical vessels.'The offshore renewable energy market continues to grow rapidly, leading to high demand for Fugro’s services and strong backlog growth…
Oslo-listed offshore drilling rig owner Northern Ocean has won a contract with TotalEnergies for its Deepsea Mira semi-submersible drilling rig to be used in a 'multi-country' drilling program.Starting in the middle of the second quarter of 2023…
Northern Ocean Ltd's semi-submersible drilling rig, Deepsea Bollsta, has arrived in Namibia and started its contract with Shell.The contract for the 2019-built offshore drilling rig has a firm duration of twelve months. Shell will have the option to extend it for another six months…
In a tumultuous year of change in the world, high impact drilling in 2022 remained at a similar level to 2021, with 81 high impact wells completing (Figure 1). Performance improved with discovered resource increasing from 7.4bnboe in 2021 to a preliminary estimate of 9…
Uruguay's state oil company ANCAP has awarded two offshore blocks to Argentina's YPF and a consortium between Shell and APA (ex-Apache). Shell and APA Corporation won the rights to Area OFF-4, where the consortium has committed to conducting 3D seismic acquisition…
Welligence expects global offshore exploration drilling activity in 2023 to remain relatively steady year-on-year, with the majors driving much of the activity in their core regions. Two areas with big impact potential - the Atlantic Basin and…
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