Industry News

Vår Energi and Kistos Energy reached the final investment decision for the Balder Phase V project in the Balder area of Norway.The project will develop 33 million barrels of oil equivalent (mmboe) of gross proved plus probable (2P) reserves for capital spend of $690 million gross. Drilling will commence in the first half of 2025 […]

Perenco Colombia drilled three new development wells on the Paravare and Chaparrito fields on the plains of Casanare, onshore Colombia.On the Paravare field, which already contained two wells, the objective of the campaign was to increase production. A third well, PRV-03, was successfully drilled and continues to be optimized.Following the installation of an electro submersible

The first jackup built in Kazakhstan will start drilling operations in the Cheleken – Turkmenian sector of the Caspian Sea.After modification in 2021, the rig’s lifting capacity increased from 453 to 680 tons, which gives new opportunities for larger projects. The rig, named the Satti, is designed to drill wells up to 6,000 m deep.A

Following up on the extension of the gas discoveries in the Uchuva-1 and Uchuva-2 wells, renamed Sirius-1 and Sirius-2, Petrobras confirms that the gas potential in the discoveries located in the Guajira Offshore Basin, in Colombia, is around 6 trillion cu ft in place, confirming the magnitude of the discoveries made in the area.Petrobras acts

Patrick Pouyanné, Chairman and CEO of TotalEnergies, met with His Excellency Chandrikapersad Santokhi, President of the Republic of Suriname, and Annand Jagesar, CEO of Staatsolie Maatschappij Suriname N.V., Suriname’s National Oil Company, to announce the Final Investment Decision (FID) for the GranMorgu development located on offshore Block 58.The GranMorgu project will develop the 2023 Sapakara

The latest Criterium Energy operational update includes optimization and drilling activities. Highlights of the program include the completion of 11 of 15 workovers, including two in March, five in June, and four in August. The next tranche is expected to be undertaken in Q4 2024.The workover program in August 2024 and completion of pump maintenance

Pakistan’s Oil and Gas Development Company Limited (OGDCL) signed an MOU with China’s CCDC for the development of shale and tight gas potential of Pakistan and address the country’s energy needs through indigenous solutions.The MOU was signed by OGDCL’s Executive Director (Production), Mr Mumtaz Ali Soomro, and CCDC’s Vice President, Mr Zhang Zhidong, during the

Trans Canada Gold has placed its second newly drilled multilateral well on production. The company encountered oil in the GP reservoir target zones of interest and the well started production on September 7th. Croverro Energy, the operator, has finished battery construction and successfully completed the well.It is currently recovering drilling fluid with increased oil recovery

OKEA ASA awarded Archer a platform drilling contract with with an initial estimated value of NOK 850 million over five years, including an additional two-year optional period.Archer will provide comprehensive platform drilling services, including workover and drilling operations, well maintenance and drilling facilities engineering to enhance OKEA’s offshore asset Brage in Norway. The platform drilling

Reliance Industries has awarded a binding Letter of Award to Transocean for the Dhirubhai Deepwater KG1 for six wells offshore India. The estimated 300-day program is expected to commence in the second quarter of 2026 and is estimated to contribute approximately $123 million in backlog, excluding additional services and a mobilization fee.The award also includes

SLB has launched a well integrity assessment solution that helps carbon storage developers quantify the risks associated with wells at prospective storage sites with previous drilling activity.Carbon capture, utilization and storage (CCUS) provides one of the most immediate opportunities for reducing emissions. Establishing secure storage sites is essential to enabling growth of CCUS and creating

Carbon Catalyst Limited has announced the mobilization by the Poseidon partners of the Petrodec HAEVA offshore workover rig, now on location at the Leman Hotel wellhead platform in the UK Southern North Sea.This marks the beginning of the company’s preparatory well operations, setting the stage for the commencement of the UK’s first CO2 well injection