Equinor Energy and Vår Energi have reached a critical milestone in the development of the Johan Castberg oil field, as they confirm the successful anchoring of the floating production, storage, and offloading (FPSO) vessel in the Barents Sea. This FPSO, designed to manage oil extraction from the Johan Castberg field, is now ready for the […]
Shelf Drilling, a leading contractor specializing in shallow-water offshore drilling, has announced the acquisition of new contract awards for two of its jack-up rigs in West Africa. One of these contracts involves the Shelf Drilling Mentor rig, which has been awarded a 10-well contract estimated to last 450 days. The company noted that these new […]
Talos Energy Inc. (NYSE: TALO) has announced a significant discovery of commercial quantities of oil and natural gas at its Ewing Bank 953 well, located in the U.S. Gulf of Mexico. In a separate development, Talos Energy is also participating in the drilling of the Sebastian prospect in the Mississippi Canyon Block 387 of the […]
Noble Corporation plc (CSE: NOBLE, NYSE: NE) and Diamond Offshore Drilling, Inc. (NYSE: DO) have secured the final regulatory clearance from the Australian Competition & Consumer Commission for their pending transaction, paving the way for the merger to close on September 4th, 2024. This approval marks the last hurdle for Noble’s acquisition of Diamond Offshore […]
Eni has commenced gas production from the Argo Cassiopea field, a pivotal development in Italy’s energy landscape. Located in the Strait of Sicily, this project marks a significant advancement in the country’s strategy to enhance energy security and utilize domestic resources. Major Production Milestone The Argo Cassiopea field, discovered in 2015 and developed over the […]
Oil and gas drilling is a critical component of the global energy industry, serving as the primary method for extracting hydrocarbons from beneath the Earth’s surface. These hydrocarbons are essential for producing fuel, electricity, and various petrochemical products that power industries and support daily life. The drilling process involves the use of advanced technology and […]
ADNOC Drilling Company PJSC has confirmed a significant contract award valued at $733 million from ADNOC Offshore. This contract is for the supply of three advanced island drilling rigs aimed at supporting operations at the offshore Zakum field, one of the largest oil fields globally. The new island rigs, to be constructed by Honghua Group […]
Mubadala Energy, the Abu Dhabi-headquartered international energy company, has made headlines with its latest gas discovery at the Tangkulo-1 exploration well, situated approximately 65 kilometers offshore North Sumatra, Indonesia. This marks the company’s second successful deepwater exploration, following the recent major discovery at Layaran-1 in the same region. Details of the Gas Discovery The Tangkulo-1 […]