Industry News

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

Chevron has announced that it started oil and natural gas production from the Anchor project in the US Gulf of Mexico. Anchor production marks the delivery of high-pressure technology that is rated to safely operate at up to 20,000 psi, with reservoir depths reaching 34,000 ft below sea level.“Application of this deepwater technology allows us

Westgate Energy confirms the drilling of two wells as part of the initial portion of its second-half 2024 drilling campaign. This summer program consisted of two horizontal multi-lateral oil wells drilled at the company’s core Killam property in Eastern Alberta.The program’s first well was drilled using a four-leg, open-hole horizontal design targeting the Mannville Sparky

Vital Energy has signed a joint purchase and sale agreement with Northern Oil and Gas to acquire the assets of Point Energy Partners, a Vortus Investments portfolio company. Under the terms of the agreement, the two companies will acquire Point Energy’s assets in an all-cash transaction for total consideration of $1.1 billion.Vital Energy agreed to

GA Drilling has announced a joint technical program with Cenpes, Petrobras’ research, development and innovation center. The partnership pairs Petrobras with GA Drilling’s downhole anchoring and drive system that will form the cornerstone of an advanced autonomous reeled drilling system.The collaboration aims to enable deep and complex offshore wells to be drilled from a light

The UK Government’s North Sea Transition Authority (NSTA) has awarded Parkmead a P2634 license located in the Outer Moray Firth and comprises blocks 14/15a, 14/20d and 15/11a.Parkmead (50% interest and operator), together with its joint venture partner Orcadian Energy (50% interest), will work toward commercialization of Fynn Beauly, one of the UK’s largest undeveloped discoveries.

China National Offshore Oil Corporation (CNOOC) has announced that the Bozhong 19-6 Condensate Gas Field D1 Well in Bohai Bay achieved high yield.The Bozhong 19-6 Condensate Gas Field D1 Well was drilled to a depth of 6,088 m. It is the first CNOOC ultra-deep well in Bohai Bay, and is producing approximately 6,300 bboe per

SLB and TotalEnergies have established a 10-year collaboration to co-develop scalable digital solutions that enable access to energy resources while improving performance and efficiency. The cooperation creates a flexible framework for the corporations to collaborate on major challenges across the energy value chain, such as carbon capture, utilization, and sequestration (CCUS).The companies will integrate advanced