Industry News

ADES secured three-year contracts for three jackup rigs with West African Exploration and Production (WAEP), a subsidiary of Dangote Group, for field development work offshore Nigeria, and extended a fourth rig’s contract with Chevron Nigeria, ADES announced in filings to the Saudi Exchange.The WAEP contracts each carry a two-year option extension, with operations for all […]

On April 16th2026, CsTeC launched LubeSeal 101EU Deepwater High Temperature Film Forming Lubricant product. LubeSeal 101EU Deepwater High Temperature Film Forming Lubricant is a premium quality highly concentrated lubricant that resists the corrosive effects of downhole chemicals. LubeSeal 101EU Deepwater High Temperature Film Forming Lubricant is made with LIQUILON, which enhances the lubricity and extreme

BP agreed to acquire a 60% operating interest in three offshore exploration blocks in Namibia from Eco Atlantic Oil & Gas, marking BP’s entry into the country as an operator.Subject to Namibian government approvals, BP will operate blocks PEL97, PEL99 and PEL100 in the Walvis Basin. Eco Atlantic will remain a partner alongside Namibia’s national

Subsea7 received a contract from Petrobras, following a competitive tender, for the development of the Sépia 2 field in the pre-salt Santos Basin, approximately 280 km southeast of Rio de Janeiro at a water depth of 2,170 m.The supermajor contract, valued at more than $1.25 billion, covers engineering, procurement, fabrication, installation and pre-commissioning of subsea

Santos completed the Quokka-1 appraisal well in the Quokka Unit on Alaska’s North Slope, further delineating the high-quality Nanushuk reservoir. Santos operates the unit with a 51% working interest, with Repsol holding the remaining 49%.The well was spudded on 1 January and drilled to a total depth of 1,459 m, encountering approximately 43 m of

Ventura Offshore secured contract extensions with Petrobras for two rigs operating offshore Brazil.The semisubmersible SSV Victoria received a 1,455-day firm extension commencing in January 2027 in direct continuation of its current contract, during which it will be deployed to the Búzios field in the Santos Basin. The extension follows a docking period for a special

Halliburton acquired Sekal, a drilling automation software company previously wholly owned by Sumitomo Corporation, combining Sekal’s DrillTronics automation platform with Halliburton’s LOGIX automation and remote operations offering.Sekal’s solutions have been deployed in more than 1,300 wells worldwide. The combined offering integrates well placement, wellbore hydraulics and rig operations in real time, and pairs with Halliburton’s

Brava Energia began a four-well drilling campaign at its Papa-Terra and Atlanta fields using Constellation’s Lone Star semisubmersible, which moved directly into the project after completing a previous contract in Brazil in January 2026, followed by a planned maintenance stop of just over 40 days.Two wells will be drilled at Papa-Terra in the Campos Basin

Reconnaissance Energy Africa (ReconAfrica) started production testing operations at the Kavango West 1X discovery well in Namibia. Updated petrophysical analysis increased net hydrocarbon pay in the Huttenberg formation to 75 m, up from a previously disclosed 64 m.Regulatory permits required to proceed with production testing have been received and work crews are on site preparing

OGDCL started production from the Pasakhi-13 development well in Sindh province, marking the company’s first successful horizontal oil well in a clastic reservoir.The well, located in District Hyderabad, is producing approximately 460 bbl/d from the lower Goru A sand, part of the Pasakhi & Pasakhi North Development and Production Lease, where OGDCL holds a 100%

Arrow Exploration is preparing further drilling activity in Colombia following results from its Mateguafa 11 (M-11) well, which encountered oil-bearing sands and extended the Mateguafa Attic structure.The M-11 well was drilled to a total measured depth of 11,455 ft (9,328 ft TVD) and identified hydrocarbons in the C7 and C9 Carbonera formations, with 18 ft

TotalEnergies announced the start of production from the Quiluma field, in which the company holds an 11.8% interest alongside its partners Azule Energy (37.4%, operator), Cabinda Gulf Oil Company (31%) and Sonangol E&P (19.8%).This is the first development of a non-associated gas field in Angola and the gas produced will be a stable and important