Offshore
News
April 11, 2024
Both Macedon and Pyrenees will remain within the Australian operations portfolio and focus on maintaining safety and production performance. Both assets help ensure energy security and reliability of natural gas supplies in Western Australia.
News
April 11, 2024
Petrobras expects to require 280 new wells through 2028, and refurbish or plug another 700 wells, it said in an emailed response to questions. The company said the market for day rates is dynamic and that it will review pricing when hiring new rigs.
News
April 10, 2024
At the end of Q1 2024, Electromagnetic Geoservices had one vessel on charter, the Atlantic Guardian. The Atlantic Guardian was taken out of warm stack on Feb. 29, 2024, and began mobilization for a fully prefunded multi-client survey in the North Sea.
News
April 10, 2024
Energean plc has completed the farm-in to Chariot Limited's acreage offshore Morocco and signed a rig contract with Stena Drilling Limited. Energean has paid $10 million cash consideration upon farm-in closing.
News
April 10, 2024
Petrobras has discovered an accumulation of oil in ultra-deep waters of the Potiguar Basin, in the Anhangá exploration well on concession POT-M-762_R15.
News
April 10, 2024
A subsidiary of Shelf Drilling (North Sea), Ltd. has secured a contract extension for the Shelf Drilling Barsk jack-up rig with Equinor for operations at the Gudrun field in the Norwegian Continental Shelf.
News
April 10, 2024
Occidental expects first-quarter production from the Gulf of Mexico to be 90,000 boed, about 20% below the mid-point of its guidance.
News
April 09, 2024
The United States Maritime Administration issued a license for the Sea Port Oil Terminal, which will allow Enterprise to move forward with construction of the terminal. The SPOT terminal will be only the fourth in the U.S. to load supertankers, the ships that make long-haul voyages to clients in Asia more economical.
News
April 09, 2024
Located offshore Myanmar, the Yadana natural gas field has produced roughly 6 Bcmg per year. 70% of the recovered resources are exported to Thailand.
News
April 09, 2024
Borr Drilling Limited announced new contract commitments for three of its premium jack-up rigs, the Prospector 1, the Gunnlod, and a rig to be determined. The commitments total 820 days and $158.6 million in contract revenue.
News
April 08, 2024
The field is expected to come on stream during the first half of 2027 and is anticipated to operate until 2031 with potential for extension. Plateau oil production is estimated at around 26,000 boed and is expected within the first year of production.
News
April 08, 2024
While PGS didn’t reveal the exact location of the contract, recent finds in Namibia and Uruguay suggest the work will take place in these emerging exploration hot spots.
News
April 07, 2024
Valaris Limited announced that ARO Drilling, its joint venture in Saudi Arabia, received a notice of suspension from Aramco for one of its 19 contracted rigs, jackup VALARIS 143. The rig’s contract was previously scheduled to end in December 2024.
News
April 07, 2024
Akal-B, which is part of the Cantarell production complex, produces 200,000 bopd 900,000 cfgd. The fire began where gas fuel pipes feed the platform’s turbo machinery.
News
April 04, 2024
In March, Saudi Aramco announced plans to reduce capital investment by roughly $40 billion between 2024 and 2028. This was mostly due to the Kingdom’s decision to maintain productive capacity at 12 MMbpd. As part of the decision, Aramco has suspended 17 rigs to date, with a potential for additional releases in the near term.
News
April 04, 2024
All installations on the Utsira High are now receiving power from shore, saving emissions amounting to about 1.2 million tonnes of CO₂ per year.
News
April 04, 2024
For work in the offshore oil and gas industry, the frame agreement covers planned or unplanned marine services using remote operated intervention methods with or without the use of PRS equipment.
News
April 04, 2024
Covering a surface area of approximately 600 km2, in water depths ranging from 50 m to 100 m, 19 wells have been drilled on Block EG-23 to date resulting in seven hydrocarbon discoveries (four oil, two gas and one gas/condensate), some of which have been tested.
News
April 03, 2024
The Yumna-5 well will be drilled at the crest of the structure to drain attic oil left un-swept by the current producers.
News
April 03, 2024
The FPSO will have a topside designed to produce approximately 250,000 bpd and will have associated gas treatment capacity of 540 MMcfd, water injection capacity of 350,000 bpd and produced water capacity of 300,000 bpd.
News
April 03, 2024
Who Dat East is estimated to contain 17 MMboe of gross unrisked 2C Contingent Resources. The Who Dat South prospect is estimated to contain 31 MMboe of gross unrisked 2U Prospective Resources, with the geological probability of success estimated to be 52%.
