Oil And Gas News


Orcadian Divests Major Share in North Sea Field to Ping Petroleum

Apr 02, 2024

Orcadian Energy has completed the previously announced farm-out of an 81.25% interest in license P2244 in Central North Sea, which contains the Pilot field, to Ping Petroleum UK, which became the operator of the license.Ping is focused on shallow…

AGR Secures Frame Agreement with Petoro for Oil and Gas Work

Apr 02, 2024

Norwegian state-owned company Petoro has awarded a frame agreement to AGR for the provision of independent consultancy and third-party verification studies within subsurface, drilling and wells and field development.Petoro is a state-owned limited…

New Merger to Create One of the Largest Oil & Gas Companies in Latin America

Apr 02, 2024

Enauta has proposed the merger with 3R Petroleum which would create one of the largest and the most diversified independent oil and gas companies in Latin America.The merger proposal has been approved by Enauta’s board of directors, and according to the company…

Transocean’s Drillship to Stay in Gulf of Mexico Under $195M Contract Extension

Apr 02, 2024

Offshore drilling contractor Transocean has secured a contract extension for its Deepwater Asgard drillship with Hess Corporation for operations in the U.S. Gulf of Mexico.The 365-day contract extension for Deepwater Asgard is valued at $195 million…

Esgian Week 13 Report: Demand Shifts

Apr 01, 2024

Esgian reports shifts in demand in its Week 13 Rig Analytics Market Roundup.Report overview:ContractsADES has received a Letter of Intent (LOI) from PTTEP Energy Development Company Limited for an 18-month jackup drilling contract in the Gulf of Thailand…

Independent Experts to Investigate Platform Fire Incident Offshore Gabon

Apr 01, 2024

UK oil and gas company Perenco has mobilized independent experts to determine the causes of the fire incident at is Becuna platform offshore Gabon, which claimed five lives with one person still missing.As of March 27, 2024, the search for the missing person was still actively underway…

Middle Eastern Customer Suspends Four Shelf Drilling Jack-Ups

Apr 01, 2024

Offshore drilling contractor Shelf Drilling has received a notice of suspension of operations of four jack-up rigs from a customer in the Middle East.The company said it is in active discussions with the customer to determine which rigs will be suspended and the exact timing of the suspensions…

Beacon Concludes Divestment in Deepwater Gulf of Mexico Fields

Apr 01, 2024

Texas-based exploration and production company Beacon Offshore Energy has completed the divestment of its non-operated interests in deepwater fields in the Gulf of Mexico.The move is in accordance with a previously executed definitive agreement with GOM 1 Holdings…

Masirah Oil Kicks Off Multi-Well Drilling Campaign Offshore Oman

Apr 01, 2024

Masirah Oil, a majority-owned subsidiary of Rex International, has started multi-well drilling program at Yumna field offshore Oman, using the Energy Emerger jack-up drilling rig.The spudding of the Yumna-5 well in at Yumna field in Block 50 concession started on March 28…

MODEC Gets FEED Job for Shell’s Gato do Mato FPSO

Apr 01, 2024

MODEC has secured the Front-End Engineering and Design (FEED) contract for a floating production storage and offloading (FPSO) system for Shell’s Gato do Mato development, offshore Brazil.Gato do Mato FPSO will be moored at a water depth of approximately 2…

Chuditch-2 Appraisal Well Surveys in Full Swing Offshore Timor-Leste

Mar 29, 2024

SundaGas Banda Unipessoal, a subsidiary of UK-based oil and gas company Baron Oil, has completed geophysical site surveys at the planned drilling location for the Chuditch-2 appraisal well, offshore Timor-Leste, and is planning to start a new one next month…

Baron Oil Surrenders License in Once Promising North Sea Block

Mar 29, 2024

UK oil and gas company Baron Oil has decided to surrender the UK license P2478 to North Sea Transition Authority (NSTA) following delays with the acquisition of 3D seismic data for the block, located in the Inner Moray Firth area of the North Sea…

Baker Hughes: US Drillers Cut Oil and Gas Rigs for Second Week In A Row

Mar 29, 2024

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since mid-January, energy services firm Baker Hughes BKR.O said in its closely followed report on Thursday.The oil and gas rig count…

First Gas Export to Denmark from Tyra II Expected Today

Mar 28, 2024

TotalEnergies has informed that the restart of production from the Tyra facilities is progressing according to plan, with the first gas expected to be exported to the Danish market from the new Tyra II system on March 28, 2024.TotalEnergies…

Beach Energy to Let Go 30% of Workforce Amid Strategic Review

Mar 28, 2024

Australian oil and gas company Beach Energy has set out plans to lay off 30% of workforce across its business as part of a comprehensive strategic review which aims to deliver increasing returns to shareholders and increase efficiency.The first…

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