Industry News

Dolphin Drilling has made the strategic decision to sell and recycle the drilling rig Dolphin Leader. This decision aligns with the company’s ongoing efforts to optimize its fleet and enhance operational efficiency. Dolphin Drilling will collect net $5.8 million for the rig when sold, and Dolphin Leader will be recycled in a responsible manner in […]

TotalEnergies announced several significant steps toward the final investment decision (FID) of the development of Block 58 offshore Suriname. The decision is expected in Q4 2024, with goals for a production startup in 2028.At the 2024 Suriname Energy Oil and Gas Summit, the company noted that FEED studies are progressing for the development of the

Patrick Pouyanné, Chairman and CEO of TotalEnergies, met on 20 May in Luanda with João Lourenço, President of Angola; Diamantino Azevedo, Minister of Mineral Resources, Oil & Gas (MIREMPET); Paulino Jerónimo, Chairman and CEO of Agencia Nacional de Petroleo e Gas (ANPG); and Gaspar Martins, Chairman and CEO of Sonangol, to announce the final investment

Valaris recorded new contracts and multiple extensions for two floaters and two jackups in its latest fleet status report, released 30 April. These with other contract announcements have added roughly $480 million in value, increasing the company’s total backlog to approximately $4 billion.ExxonMobil exercised a six-month priced option for the VALARIS DS-9 drillship, slated to

Equinor received consent from the Norwegian Ocean Industry Authority (Havtil) to use the Transocean Enabler semisubmersible for production drilling, completion and drilling of the exploration segment at the Johan Castberg field in the Barents Sea.Johan Castberg is 100 km northwest of the Snøhvit field, with a water depth of 370 m. The three discoveries it

Sinopec has completed drilling China’s deepest geothermal exploration well, the Fushen-1 well in Hainan, with a depth of 5,200 m. The milestone revealed the deep geothermal formation and enrichment in South China. The breakthrough in hot dry rock in terms of demographic region and depth is of great significance to enhance the large-scale development and

Aramco has awarded engineering, procurement and construction (EPC) contracts worth $7.7 billion for a major expansion of its Fadhili Gas Plant in the eastern province of Saudi Arabia. The project is expected to increase the plant’s processing capacity from 2.5 bscfd to up to 4 bscfd.This additional 1.5 bscfd of processing capacity is expected to

Vaalco Energy announced all partners signed the final documents, and the government of Equatorial Guinea has approved the joint operating agreement related to the previously approved Venus-Block P plan of development (POD).The production sharing contract provides for a development and production period of 25 years from the date of approval of the POD.“With final documents

The Norwegian Offshore Directorate gave ConocoPhillips permission to start production at Eldfisk nord in the North Sea offshore Norway. This is an installation consisting of two seabed templates for production and one for water injection – a total of nine production wells and five injection wells. Work is expected to begin in Q1.According to the

Helix Energy Solutions Group announced a deepwater well intervention contract award by Esso Exploration and Production Nigeria.The project, located in the Erha and Usan fields, is expected to start in September 2024 with the vessel expected to be in Nigeria into 2025. The fields are located approximately 97 km offshore Nigeria in water depths ranging

The Norwegian Ocean Industry Authority (Havtil) has granted Aker BP consent for exploration drilling in the North Sea offshore Norway on the Alvheim Deep prospect on well 24/6-5.Water depth at the location rests around 120 m and the well will be drilled using Noble Corporation’s Noble Integrator jackup.（2024-02-21）

QatarEnergy has announced the award of the four main Engineering, Procurement, Construction and Installation (EPCI) contract packages related to the next development phase of the Al-Shaheen oilfield offshore Qatar to increase production by about 100,000 barrels of oil per day.The award is part of Project Ru’ya, the third phase of Al-Shaheen’s development since North Oil