Oil & Gas Industry News and Articles
The well, located about 189 kilometers offshore Suriname in a water depth of 1,140 meters, was successfully drilled to a total of 5,290 meters. It also encountered light oil in the Campanian-aged sedimentary sequence. Post-drill evaluation is ongoing to firm up the potential of the discovered resource. The discovery at the Baja-1 well is […]
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 […]
To support and accelerate its development, the two Danish companies intend to combine their respective strengths to create comprehensive and integrated engineering, procurement, construction, and installation (EPCI) solutions for foundations and moorings. Stiesdal Offshore and Maersk Supply Service are both well established in the floating wind industry. Since 2017, Stiesdal Offshore has been developing […]
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 […]
DolWin kappa was constructed at the Dragados Offshore shipyard in Cadiz, Spain. Siemens Energy was commissioned by TenneT as a general contractor to build the system. Comprising an approximately 5,000-tonne foundation jacket and 11,000-tonne topsides housing high-voltage direct current (HVDC) technology, DolWin kappa is Allseas’ first complete platform installation for the offshore wind industry. […]
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 […]
