Industry News

Abu Dhabi National Oil Company (ADNOC) announced the award of two contracts totaling $2 billion to ADNOC Drilling for the Hail and Ghasha development project. The contracts comprise $1.3 billion for integrated drilling services and fluids, and $711 million for the provision of four Island Drilling Units. A third contract, valued at $681 million, was […]

Noble Corp has entered into an asset purchase agreement to sell five jackups for $375 million to a newly formed subsidiary of Shelf Drilling. The sale agreement includes the rigs Noble Hans Deul, Noble Sam Hartley, Noble Sam Turner, Noble Houston Colbert and Noble Lloyd Noble, along with all related support and infrastructure. Associated offshore

Odfjell Technology, an offshore operations, well services technology and engineering solutions supplier, has been awarded a three–year contract with Petronas through its local agent, Time Marine Services, to provide all required tools, chemicals and services for the company’s wellbore cleanup operations in east Malaysia.The agreement, awarded by Petronas subsidiary Petronas Carigali Sdn Bhd, follows Odfjell

Saipem has been awarded new contracts for drilling offshore the Middle East and West Africa for a total amount of more than $400 million.Two contracts have been awarded in the Middle East for two high specification jackups, consisting of drilling and workover operations for a duration of five years. The start of operations is scheduled

Maersk Drilling has been awarded contracts with Shell for the Maersk Voyager drillship for drilling services offshore multiple countries. The contracts are expected to commence in April 2022 and last for one year. The total contract value is approximately $107.5 million. The contracts include an additional one-year option.As part of the deals, Maersk Drilling and

Shell announced the start of production at PowerNap, a subsea development in the US Gulf of Mexico with an estimated peak production of 20,000 BOED. PowerNap is a tieback to the Shell-operated Olympus production hub in the prolific Mars Corridor.“Shell has been producing in the Mars Corridor for more than 25 years, and we continue

Santos announced the Pavo-1 exploration well has confirmed a significant oil discovery 46 km east of the Dorado field in the Bedout Sub-basin, offshore Western Australia.The well was drilled on the northern culmination of the greater Pavo structure and encountered a 60-m gross hydrocarbon column in the primary Caley member reservoir target. Wireline data has