Industry News

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）

Transocean has secured contracts for three of its rigs – the Transocean Barents semisubmersible as well as the Deepwater Skyros and Invictus drillships – according to its quarterly fleet status report. Altogether, these deals are worth approximately $326 million.As of February 2024, and including these newly-secured deals, the company’s total backlog is approximately $9 billion.The

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

SLB announced a significant step toward fully autonomous drilling operations at Equinor’s Brazilian Peregrino C platform.By combining SLB digital technologies for surface automation, autonomous on-bottom drilling and directional drilling, 99% of a 2.6-km section was able to be drilled in autonomous control mode. Over a five-well program, a 60% increase in the rate of penetration

Ocean services provider DeepOcean and Aker BP have completed subsea trials with an Autonomous Inspection Drone (AID) at the Aker BP-operated Alvheim field in the central North Sea.“While testing of autonomous technology is exciting on its own, our primary purpose was to find out if subsea inspection can be conducted more cost-efficiently and with better

KCA Deutag and Pruitt have signed an exclusive partnership agreement to collaborate globally on managed pressure drilling (MPD) opportunities.KCA Deutag’s global footprint, customer relationships and extensive drilling, engineering and technology experience combined with Pruitt’s work in MPD equipment design, manufacturing and well engineering will see the companies combine to offer additional drilling and well delivery

Galp, with its partners NAMCOR and Custos, has drilled and logged the first exploration well (Mopane-1X) in block PEL83 offshore Namibia. The well was drilled with Odfjell Drilling’s Hercules semi-submersible.Building on the previous announcement from 2 January, Galp has confirmed the discovery of a significant column of light oil in reservoir-bearing sands of high quality.

Valaris has secured new contracts and extensions, with an associated contract backlog of approximately $1.14 billion, after issuing the company’s most recent fleet status report on 1 November 2023.“We are delighted to announce these contract awards and extensions, which add well over $1 billion of contract backlog, providing further evidence of the positive outlook for

APA Corporation has agreed to acquire Callon Petroleum Company in an all-stock transaction valued at approximately $4.5 billion. Under the terms of the transaction, each share of Callon common stock will be exchanged for a fixed ratio of 1.0425 shares of APA common stock. The total enterprise value of the transaction, including debt, is more

Talos Energy has successfully started oil and natural gas production at Talos’s Lime Rock and Venice discoveries, located near its Ram Powell platform in the US Gulf of Mexico.The Lime Rock and Venice wells were brought safely online in late December 2023 and have achieved an initial combined gross production rate of over 18,500 BOED,

Valaris has been awarded a 1,064-day contract for drillship VALARIS DS-4 with Petrobras offshore Brazil. Based on the firm contract term, the total contract value is approximately $519 million, including mobilization fees and additional services.It is anticipated to commence in late Q4 2024, following the completion of the rig’s current contract with Petrobras, which is

Flexible pipe systems have been a staple in oil and gas production, and in drilling, for years. However, the technology is constantly evolving as the demands for it have grown and diversified, said Domenico Di Giambattista, VP of Flexible Pipes Systems at Baker Hughes. In this video interview with DC, Mr Di Giambattista talks about