Pv Drilling News

 

Valaris Lifts Contract Backlog for its Drilling Rigs to $4.2B

May 01, 2025

Offshore drilling company Valaris has secured over $1 billion of new contracts and extension for its drilling rigs since its previous fleet status report published mid-February 2025.Valaris’ contract backlog, excluding lump sum payments such as mobilization fees and capital reimbursements…

Ørsted Completes $610M Farm-Down of UK Offshore Wind Farm

May 01, 2025

Ørsted has completed a 24.5% stake divestment in West of Duddon Sands offshore wind farm to funds managed by Schroders Greencoat for approximately $610 million.Located approximately 14 km off the U.K. west coast, West of Duddon Sands has been operating since 2014 and has a capacity of 389 MW…

ExxonMobil, Egypt’s EGAS Bolster Mediterranean Oil Exploration Efforts

Apr 29, 2025

Egyptian Natural Gas Holding Company (EGAS) and ExxonMobil have signed a memorandum of understanding (MoU) to strengthen the collaboration for Mediterranean Sea oil and gas exploration.The MoU was signed to establish the necessary foundations for developing the agreements system if ExxonMobil Egypt…

Rex’s Akrake Signs Deal for Production Vessels at Seme Field off Benin

Apr 29, 2025

Akrake Petroleum, Rex International's indirect subsidiary, has signed contracts for a Mobile Production Unit (MOPU) and an Aframax tanker to be used as a Floating Storage and Offloading (FSO) unit for its Seme field, off Benin.The MOPU will be converted from a medium-sized drilling rig…

Norway Grants Drilling Permit for Aker BP’s Wildcat Well in North Sea

Apr 29, 2025

The Norwegian Offshore Directorate has granted Aker BP a drilling permit for a wildcat well in the North Sea.The permit is for wellbore 25/1-14 in production license 873 B, which is operated by Aker BP, with a 47.7% working interest.Aside from Aker BP…

Chevron Eyes Exploration Well Drilling off Namibia

Apr 25, 2025

Chevron is considering drilling an exploration well in the Walvis Basin off the coast of Namibia in 2026 or 2027, the U.S. oil major said on Thursday.Chevron Namibia Exploration Limited said it is maturing its prospect portfolio offshore Namibia…

Chuditch Gas Field Up for Summer Drilling Ops as Sunda Reshapes Ownership Structure

Apr 24, 2025

Sunda Energy, the AIM-quoted exploration and appraisal company focused on gas assets in Southeast Asia, has entered into a series of agreements for the funding of the drilling campaign on the Chuditch gas field, offshore Timor-Leste, which is now targeted for summer 2025…

Vantage Drilling Lines Up $80M Job for Platinum Explorer Drillship

Apr 23, 2025

Offshore drilling contractor Vantage Drilling has received a conditional letter of award (CLOA) for the Platinum Explorer ultra-deepwater drillship, valued at approximately $80 million.The CLOA, with an undisclosed client and 90-day validity period…

Hanwha Drilling’s Tidal Action Drillship En Route to Petrobras’ Roncador Field

Apr 22, 2025

Tidal Action ultra-deepwater drillship has embarked on a voyage from South Korea to Brazil to start its maiden job at Petrobras’ Roncador field.The drillship has been officially handed over by its owner Hanwha Ocean to its subsidiary Hanwha Drilling…

Appraisal Well Confirms Bourdon’s Potential for New Development Cluster off Gabon

Apr 22, 2025

BW Energy has confirmed the substantial oil discovery with good reservoir and fluid quality at an appraisal well in the Bourdon Prospect offshore Gabon, reaffirming the potential of establishing a new development cluster in the area.According to BW Energy…

Atlantic Zonda Drillship Starts its Maiden Job with Petrobras

Apr 21, 2025

The seventh generation Atlantic Zonda drillship, managed by Ventura Offshore Midco, has started operations for Petrobras under a three-year drilling contract.The Atlantic Zonda is managed by Ventura Offshore through marketing and operating agreements with the rig owner…

US Launches Preps for Expanded Offshore Drilling

Apr 21, 2025

The U.S. Interior Department on Friday said it would begin taking public input for a new five-year offshore oil and gas leasing program that could include new zones in the Arctic and elsewhere to maximize energy development.President Donald…

ADNOC Drilling Gets $1.63B Integrated Offshore Drilling Services Contract

Apr 17, 2025

ADNOC Drilling has secured a $1.63 billion, five-year contract for integrated drilling services (IDS) from ADNOC Offshore.The contract covers the provision of directional drilling, drilling fluids, cementing, wireline logging and tubular running services…

Gas Reserves Estimate Goes Up at Shell’s Selene Prospect in North Sea

Apr 16, 2025

Shell has revealed ‘significantly better’ porosity and permeability properties at its Selene gas prospect in the North Sea, following the analysis of the data from the well drilled in 2024, prompting its partner Deltic Energy to raise estimates of recoverable gas reserves by 33%…

Kim Heng’s Rebuilt Geotechnical Survey Vessel Sets Sail

Apr 16, 2025

Singapore's offshore services firm Kim Heng has held a christening ceremony for the Bridgewater Discovery, a DP2 geotechnical survey vessel, rebuilt in 2024.With the Bridgewater Discovery vessel, Kim Heng has marked another milestone in its expansion into the renewable business sector…

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