Oil And Gas News


Odfjell Drillers Call Off Strike as Rotation Issues Get Resolved

Jan 26, 2024

UK-based workers' union Unite has confirmed that over 100 offshore drillers employed by Odfjell Technology on Equinor’s Mariner platform have secured a new working rotation bringing the dispute to an end.Unite members voted overwhelmingly in favor of an improved offer by Odfjell…

Galp to Further Evaluate Extent of Mopane Oil Discoveries with Hercules Rig

Jan 26, 2024

Portuguese oil and gas Galp has set out plans to drill another well using Odfjell Drilling-managed semi-submersible rig Hercules, after discovering significant column of light oil at Mpane-1x well in Namibia’s PEL 83 block.Galp (80%, operator)…

BOEM Increases Monetary Penalties for Oil and Gas Companies

Jan 25, 2024

The US Bureau of Ocean Energy Management (BOEM) has announced a Final Rule that implements the 2024 inflation adjustments for the maximum daily civil monetary penalties contained in BOEM regulations in accordance with Federal law.The Federal…

Seatrium Starts Fabrication of Shell's Sparta FPU

Jan 25, 2024

Seatrium has started the steel fabrication for Sparta semi-submersible floating production unit (FPU), which is the Singapore-based company’s third FPU to be built for its long-standing customer Shell.The steel cutting ceremony marks the beginning…

Valaris Jack-Up Rig Docks in Trinidad

Jan 25, 2024

Heavy duty modern jack-up rig Valaris 118 has arrived at the shipyard in Chaguaramas in Trinidad for routine maintenance ahead of new campaign with BP.Valaris 118 rig will be engaged on a six-well contract extension with BP, expected to begin in March 2024…

SBM Offshore Announces New CEO

Jan 24, 2024

After 12 years as SBM Offshore CEO and Chair of the Management Board, Bruno Chabas has decided to step down on April 12, 2024. The Supervisory Board has decided to appoint Øivind Tangen, currently COO and member of the Management Board, as CEO and Chair of the Management Board from that date…

Baker Hughes Beats Profit Estimates

Jan 23, 2024

U.S. oilfield technology firm Baker Hughes beat Wall Street estimates for fourth-quarter profit on Tuesday, powered by strong demand for its services and equipment from LNG producers, as well as offshore and international markets.The company…

Woodside Says Santos Merger Talks Still at Early Stage

Jan 23, 2024

Woodside Energy CEO Meg O'Neill said on Wednesday there was no recent precedent for sizable premiums in oil and gas deals as the producer reported it was still in the early stages of talks over a potential $52 billion merger with Santos.The…

Solstad Offshore Hooks $70M in CSV Contracts with Petrobras

Jan 23, 2024

Norwegian offshore vessel owner Solstad Offshore has secured $70 million in new contracts and extensions for two of its subsea construction vessels (CSV) that will be employed offshore Brazil.The new contract is for the CSV Normand Fortress with Brazilian state-run oil company Petrobras…

Aquaterra Energy Inks 3-Year Contract with UK Oil And Gas Operator

Jan 23, 2024

Aquaterra Energy has secured a three-year contract with a UK independent exploration and production company to provide analysis services across its global offshore operations.The contract will see Aquaterra Energy deliver a comprehensive range of offshore analysis services…

Petronas Awards Seven New PSCs for Six Offshore Blocks in Malaysia

Jan 23, 2024

Malaysia’s Petronas has awarded Production Sharing Contracts (PSCs) for six exploration blocks and one Discovered Resource Opportunities (DRO) cluster under the Malaysia Bid Round 2023.The awards are expected to garner more than $275 million (RM 1…

Enauta Set to Receive Key Equipment for Atlanta Field Offshore Brazil

Jan 23, 2024

The first multiphase pumping subsea system (MPP), that will support oil and gas production at the Atlanta field in Brazil's Santos Basin, has been shipped from Norway, Brazilian oil and gas company Enauta has informed.The MPP, manufactured by OneSubsea…

Island Innovator Kicks Off Infill Drilling Ops Offshore Equatorial Guinea

Jan 22, 2024

The three-well infill drilling campaign at Equatorial Guinea’s offshore Block G – operated by Trident Energy, with partners Panoro, Kosmos Energy and GEPetrol – has started, using the Island Innovator semi-submersible drilling rig.The first…

Equinor and Aker BP Strike Oil Near Munin Field in North Sea

Jan 22, 2024

Equinor has discovered oil in exploration well 30/12-3 S in the North Sea, while drilling the well on behalf of Aker BP, using Odfjell Drilling's Deepsea Stavanger rig.The well also included a sidetrack, 30/12-3 A, which came up dry. It has permanently plugged and abandoned…

Esgian Week 3 Report: Drilling Units on the Move

Jan 19, 2024

No new drilling contracts were announced, but a Borr Drilling jackup has left Singapore, while a Shelf Drilling unit is preparing to embark on its journey to the same destination, according to Esgian’s Rig Analytics Market Roundup (Week 3).Drilling…

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