Industry News

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. […]

SLB was awarded two engineering, procurement and construction (EPC) contracts by PTTEP to its OneSubsea joint venture. As part of the EPC contracts, SLB OneSubsea will deliver comprehensive subsea production systems (SPS) for the Alum, Bemban and Permai deepwater gas fields located in Block H and the Kikeh field, Malaysia’s first deepwater oil project.The scope

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

Oceaneering’s Offshore Projects Group (OPG) was awarded a contract by BP for the provision of riserless light well intervention services (RLWI) in the Azeri-Chirag-Deepwater Gunashli (ACG) oilfield of the Caspian Sea.Oceaneering will support this multi-well mechanical wireline intervention campaign with one of its deepwater RLWI systems integrated onto a customer-provided subsea construction vessel. The scope

WellSense developed a single-use, jet-propelled and battery-powered well conveyance technology that is able to rapidly deploy bare fiber into highly deviated wells. The conveyance system has been designed to improve the speed, quality, cost and efficiency of diagnostic surveys in horizontal wells.WellSense completed a technology field trial in August 2025, where the FiberLine Intervention Conveyance

Tenaris was awarded the supply of casing and tubing for the Trion project, located in the Perdido Fold Belt, approximately 180 km off the Mexican coastline. Tenaris will also provide line pipe and coatings for bends, flowlines and risers as part of the project’s subsea infrastructure.At a water depth of 2,500 m, Trion is a

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

Petrobras acquired two exploration blocks in Brazil’s Campos Basin during the 3rd Cycle of the Permanent Production Sharing Offer, conducted by the National Agency of Petroleum, Natural Gas and Biofuels (ANP).Petrobras, in partnership with Equinor, acquired the Jaspe block, with Petrobras holding a 60% operating interest and Equinor the remaining 40%. In addition, Petrobras acquired

Saipem has new contract awards and extensions worth a total amount of approximately $135 million.The Santorini, a seventh-generation drillship, will continue operations in Ghana and Côte d’Ivoire respectively on behalf of Eni, ensuring continuity of activities ahead of the next drilling campaign in the Mediterranean Sea.In addition, the Deep Value Driller, a seventh-generation drillship managed

Petrobras received an environmental license from Ibama to drill an exploratory well in block FZA-M-059, located in deep waters off Amapá, 500 km from the mouth of the Amazon River and 175 km from the coast, on the Brazilian Equatorial Margin.The drill rig is already at the well site, and drilling is expected to start

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