The activities are scheduled to commence in the Norwegian Continental Shelf during Q3 2021, including drilling of the Fat Canyon well in the Norwegian Sea with an estimated duration of 40 days. Erik Magnesen, General Manager and CFO of INEOS E&P Norge AS said: “We are delighted to have partnered with Dolphin Drilling to execute […]
The first award is a one-well contract with Murphy Oil Corporation at $395,000 daily. The contract is expected to commence late this fall after the rig completes its current contract and a planned out-of-service period. The agreement also includes an option for a second well at the same day rate. The backlog for the firm […]
The Russia-based management team now owns and operates Halliburton’s former business and assets in Russia under the name BurService LLC, which is independent of Halliburton. Source: Halliburton Save the date for Shallow and Deepwater Mexico October 11-13, 2022 in Ciudad del Carmen, Campeche. Visit our website for the latest news in Offshore O&G […]
President and CEO Anton Dibowitz said, “The Valaris management team and Board remain focused on continued execution against our strategic priorities, maximizing earnings and free cash flow, and capitalizing on opportunities as they arise. This share repurchase authorization provides the flexibility to return capital to shareholders over time opportunistically.” The $100 million authorization does […]
On 15 July 2022, Algeria announced that starting from the second half of July 2022 it will supply 4 billion cubic meters of gas to Italy. Algeria is one of the key sources of gas imports and this decision reflects the deep-rooted historical ties with the country. April 2022, Eni’s Chief Executive Officer, Claudio […]
Under the contract scope, CB&I will provide the FEED of the ammonia tank and associated Inside Battery Limits (ISBL) equipment. McDermott will support with FEED activities for the interconnecting pipeline, tie-ins and other Outside Battery Limits (OSBL) scope. As part of the FEED, a project execution cost estimate will be developed as basis for a […]
Sarawak Energy Berhad (SSB) (80%, Operator), a subsidiary of Shell plc, together with PETRONAS Carigali Sdn Bhd (20%), has taken a final investment decision (FID) to develop the Rosmari-Marjoram gas project. Rosmari-Marjoram fields are situated 220 kilometres (km) off the coast of Bintulu, Sarawak, Malaysia and will be powered by renewable energy, using solar […]
PETRONAS signed a Memorandum of Understanding (MoU) with Argentina’s largest integrated oil and gas company, YPF to pursue collaboration in Argentina in an integrated LNG project and other areas, including upstream oil, petrochemicals, and clean energy solutions. In addition to the MoU, YPF and PETRONAS’ operating entity in Argentina, PETRONAS E&P Argentina S.A. executed […]
The award will increase the Lower Zakum field’s gas production capacity from 430 million to 700 million standard cubic feet per day (MMSCFD), supporting ADNOC’s plans to enable gas self-sufficiency for the UAE and cater to increasing global energy demand. The Engineering, Procurement and Construction (EPC) contract was awarded by ADNOC Group Offshore to National […]
🔹Three-well contract with Eni Mexico S. de R.L. de C.V. offshore Mexico for semisubmersible VALARIS DPS-5. The contract is expected to commence in the fourth quarter of 2022 and has an estimated 240 days. The operating day rate is $313,500, plus approximately $1.2 million mobilization fee. 🔹Four-well contract extension with a duration in the […]