Industry News

SLB and SBM entered into an exclusive digital alliance to optimize the performance of offshore production systems. The companies will create an AI-powered digital ecosystem that improves uptime performance and reduces total cost of ownership for offshore operators.The digital ecosystem will allow offshore asset operators across operations, maintenance and engineering to identify and resolve emerging […]

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

An appraisal well operated by Eni was drilled on the Hewett field, in the Southern North Sea, for the Bacton CCS project. It is the first carbon storage appraisal well to be drilled on acreage licensed by the North Sea Transition Authority (NSTA) as part of the world’s first large-scale carbon storage licensing round in

The Kinh Ngu Trang Nam (KNT-KTN) field development project opened four wells on the WHP-KTN platform to receive the first oil flow. Located in Block 09-2/09, it is implemented by a joint venture comprised of PetroVietnam and AO Zarubezhneft.The scope of work includes the construction of the CPP-KNT central platform, the WHP-KTN wellhead platform, infield

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

Valeura drilled a total of 10 wells in Q3 2025 covering all three of its wellhead infrastructure facilities on the Nong Yao field. The campaign was primarily production-oriented and increased from the first new wells coming onstream.Valeura drilled three horizontal development wells from its Nong Yao A wellhead and production facility. All were successful and

Hunting executed a $20 million contract to deliver oil country tubular goods (OCTG) accessories to support deepwater drilling operations offshore Guyana. The contract supports a leading operator in the Stabroek Block. Deliveries are now under way.High-specification accessories are engineered to withstand the extreme pressures and environmental conditions typical of complex well completions, ensuring structural integrity

Weatherford launched Industrial Intelligence, a digital portfolio, at the company’s FWRD 2025 Technology Conference in Houston. Weatherford Industrial Intelligence delivers actionable insights for end users from engineers to executives.Weatherford is also advancing its Synsera Unified Data Model, which normalizes multi-asset, multi-generation metadata across operations into a structure of the customer’s choosing. By combining operational and

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

Eni exercised the second of four optional wells in Indonesia for the semisubmersible drilling rig, SSV Catarina, with Ventura Offshore.The exercise of this second optional well is expected to keep the rig utilized into Q1 2026 and further increases the firm backlog by approximately $10 million. Further exercise by Eni of the remaining two optional

Transocean announced contract fixtures for two of its ultra-deepwater drillships. In aggregate, the fixtures represent approximately $243 million in firm contract backlog.In the US Gulf of Mexico, BP exercised a 365-day option for the Deepwater Atlas in direct continuation of its firm contract. The program is expected to contribute approximately $232 million in backlog.In Brazil,

Eni and the Ivorian Ministry of Mines, Petroleum and Energy signed an exploration contract for the CI-707 offshore block in Abidjan. The license covers an area of approximately 2,926 sq km in the Ivorian sedimentary basin, at a water depth of between 1,000 and 3,000 m. The planned exploration period has a maximum duration of