Industry News

Saipem introduced the LiSa Hyper Harness, a sensor-equipped safety harness designed to monitor how workers connect to fall-protection systems during operations at height. The device detects missing or incorrect connections and emits an acoustic warning similar to a car seatbelt alert. It also transmits a notification to a supervisor for follow-up.The LiSa Hyper Harness was […]

Staatsolie signed Production Sharing Contracts (PSCs) for offshore Blocks 9 and 10 offshore Suriname with the operators PETRONAS (Block 9) and Chevron (Block 10). PETRONAS will serve as the operator alongside partners Chevron, QatarEnergy and Paradise Oil.By signing these PSCs, the companies obtain the exclusive rights for exploration, development and production in the respective blocks.

ConocoPhillips Australia is progressing plans for a multi-well exploration campaign in Commonwealth waters of the Otway Basin, offshore Victoria and Tasmania. The Otway Exploration Drilling Program covers permits VIC/P79 and T/49P.Up to six wells are approved under the program, with the initial two expected to be drilled by late 2025 using the Transocean Equinox semisubmersible.

Northern Ocean has announced a five-month contract extension from Equinor for the Deepsea Bollsta semisubmersible, which continues drilling operations on the Johan Sverdrup field offshore Norway.The extension follows the rig’s initial two-year firm term and will allow completion of an eight-well program for the Johan Sverdrup Unit. The contract also retains five one-year options for

Citizen Energy Ventures lanuched the Citizen Energy 2025 Drilling Fund, a $20 million private placement offering designed to establish long-life oil and natural gas reserves through a drilling program in Oklahoma’s Anadarko Basin.Covering nearly all of western Oklahoma, the Anadarko Basin is approximately 50,000 sq mi in size, seven mi deep and crosses into four

Aramco tapped Baker Hughes to expand its integrated underbalanced coiled tubing drilling (UBCTD) operations across Saudi Arabia’s natural gas fields. The order was booked in Q3 2025 and work is scheduled to commence in 2026.Under the multi-year agreement, Baker Hughes will expand its current UBCTD fleet from four to 10 units for re-entry and greenfield

BP confirmed the preliminary results of the Volans-1X exploration well in Namibia’s Orange Basin. Petroleum Exploration License 85 (PEL85), where the well was drilled, is operated by Rhino Resources. Co-venturers are Azule Energy, NAMCOR and Korres Investments. BP holds a 50% interest in Azule Energy.The Volans-1X exploration well, drilled using the Northern Ocean’s semi-submersible Deepsea

Petrobras awarded multiple contracts to Halliburton to provide vessel stimulation, intelligent completions and safety valves in Brazil’s deepwater fields after a competitive process. The contracts are expected to begin in 2026.In the Búzios field, Halliburton will deploy its SmartWell completion technology to enable real-time reservoir management. For the Séepia and Atapu fields, Halliburton will provide

Chevron is expected to begin drilling the Korikori-1 exploration well this month. The well is located approximately 78 km offshore, in the north-central part of Block 5 at a water depth of around 40 m. Block 5 is operated by Chevron in partnership with Paradise Oil and Qatar Energy.Suriname’s National Environmental Authority (NMA) granted Chevron

Eni resumed its exploration activities in the offshore area northwest of Libya, specifically in Block 16/4, after a hiatus of more than five years. This comeback includes re-entering the exploratory well C1-16/4 (also known as BESS-3), where drilling operations were previously halted in 2020 due to the COVID-19 pandemic.The Ensco rig 4005 started drilling the

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) signed off on a sales purchase agreement (SPA) by TotalEnergies to assign its entire 12.5% contractor interest in Oil Mining Lease (OML) 118 to Shell and Agip. According to the details of the agreement, TotalEnergies will transfer 10% of its interest to Shell, while Agip will receive the

BP has reached a final investment decision on the Tiber-Guadalupe project in the Gulf of Mexico. The 100% BP-owned Tiber-Guadalupe will be the company’s seventh operated oil and gas production hub in the Gulf of Mexico, featuring a new floating production platform with the capacity to produce 80,000 barrels of crude oil per day.The project