Eni has made a significant gas discovery in the Konta-1 exploration well, drilled in the Muara Bakau production sharing contract (PSC), in the Kutei Basin, offshore Indonesia.Estimates indicate 600 billion cubic feet (Bcf) of gas initially in place (GIIP) with a potential upside beyond 1 trillion cubic feet (TCF), Eni said.Konta-1 was drilled to a depth of 4,575 meters in 570 meters water depth, encountering…
The Norwegian Offshore Directorate has granted Equinor a drilling permit for a wildcat well in the North Sea.The permit is for wellbore 35/11-32 S in production license 090 HS, operated by Equinor with 60% working interest.The other partners in license are Inpex Idemitsu Norge and Vår Energi…
South Africa's legacy national oil company, PetroSA, has approved a deal to give Shell Offshore a 60% stake in its Block 2C, off the country's west coast, a document seen by Reuters showed on Monday.If successfully concluded, the agreement will strengthen oil major Shell's SHEL…
IFS, a provider of industrial AI software, has been selected by offshore service provider Dixstone to provide it with IFS Cloud to unify and modernize its operations across 10 countries and more than 2,200 personnel as part of a wider digital transformation strategy aimed at improving safety…
Offshore drilling contractor Transocean has signed a six-well contract with an undisclosed operator for its Deepwater Skyros drillship, offshore Australia.The estimated 320-day campaign is expected to start in the first quarter of 2027 and contribute approximately $130 million in backlog…
Jasmine Energy has raised $25 million in senior secured bonds to support a new drilling campaign at the Yumna field in Block 50 offshore Oman, parent company Rex International Holding informed.The three-year bonds are expected to settle on December 12…
Equinor and its partner Aker BP have discovered hydrocarbons in wildcat wells drilled in the North Sea.The gas/condensate discovery was made in the Lofn and Langemann prospects, part of 1140 production license, operated by Equinor with 60% working interest…
The Australian unit of U.S. oil giant Chevron said on Friday that the partners of the Gorgon Joint Venture have approved the A$3 billion ($1.98 billion) Gorgon Stage 3 development off Western Australia's northwest coast.The development will…
A survey on Thursday showed that oil firms in Norway are planning to drill 18% less exploration wells next, as they focus on existing fields. This could undermine the government's aim of maintaining production from Europe's biggest petroleum producer…
Global energy and marine consultancy ABL has partnered up with Egypt’s Petroleum Marine Services (PMS) to introduce a unified rig moving service in the Red Sea and Gulf of Suez, with the support of the Egyptian General Petroleum Corporation (EGPC)…
European countries are loosening their strict opposition to new oil and gas drilling, reversing years of climate-driven resistance to fossil fuels as governments seek to reduce a heavy reliance on costly energy imports, including from the U…
ADES Holding has secured a two-year contract through its subsidiary Shelf Drilling for the Compact Driller standard jack-up with Brunei Shell Petroleum, a joint venture between the Brunei government and Shell.The Compact Driller deal mars ADES…
Saudi Arabian oil and gas drilling contractor ADES International Holding has completed the acquisition of rival rig firm Shelf Drilling.The merger, concluded on November 2025, has created a global offshore drilling powerhouse, with the combined…
Egyptian President Abdel Fattah el-Sisi met Eni CEO Claudio Descalzi to review the Italian group's investments in the African country and discuss new initiatives, the energy company said on Tuesday.Eni, which is the operator of Egypt's offshore gas field Zohr…
Well Expertise Consultancy, a subsidiary of Well Expertise, has signed a frame agreement with Vår Energi for the provision of drilling and wells and subsurface specialists to support the operator’s onshore and offshore operations in Norway.The contract was secured in collaboration with OREC…
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