Oil & Gas Industry News and Articles
The Fenix field will be developed through three horizontal wells, drilled from a new unmanned platform in 70 meters of water depth. The gas will be transported through a 35km pipeline to the TotalEnergies-operated Véga Pleyade platform and treated onshore at the Rio Cullen and Cañadon Alfa plants, also operated by the Company. At […]
Congratulations to KCA Deutag for being awarded contract extensions worth almost $112 million!! KCA Deutag, the global drilling, engineering, and technology provider, has secured contract awards, extensions, and options worth around $112 million. The contracts are primarily related to land rigs in Saudi Arabia and Oman and are announced as work continues to close […]
The subsea execution phase of the project was led by Dana Petroleum Limited (E&P) and TechnipFMC, which saw the EV-01z horizontal development well (drilled in 2021), tied back to Triton via a subsea production line and umbilical services line. Dana also managed the Triton topsides modifications on behalf of Tailwind. The success of the project […]
▶Greenhouse gas assessment permit [G-10-AP] (1,762 km2 or 680 mi2) involves a Joint Venture of Chevron Australia Pty Ltd, Woodside Energy Ltd (Operator), BP Developments Australia Pty. Ltd., Japan Australia LNG (MIMI) Pty. Ltd., which is owned equally by Mitsubishi Corporation and Mitsui & Co., Ltd., and Shell Energy Australia Pty Ltd. ▶Greenhouse gas […]
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 […]