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 […]
Nigeria greenlights TotalEnergies deal with Shell, Agip Read More »
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
BP approves Tiber-Guadalupe project in US Gulf of Mexico Read More »
Saipem received authorization by ExxonMobil to proceed with the execution of the activities provided for the engineering, procurement, construction and installation (EPCI) offshore contract for the development project of the Hammerhead oil field, located in the Stabroek block off Guyana at a depth of approximately 1,000 m. The contract value is approximately $500 million.Saipem’s scope
ExxonMobil gives Saipem green light for EPCI activities at Hammerhead Read More »
Weatherford was awarded an eight-year contract by Romgaz to deliver services for real-time monitoring and transmission of dynamic parameters from the wellheads of gas wells, improving production optimization through digital and AI-enabled insights.Under the agreement, Weatherford will partner with Romgaz to implement a wellsite monitoring campaign across thousands of existing wells. Weatherford technology will acquire
Weatherford awarded wellsite monitoring contract by Romgaz Read More »
SLB signed a definitive agreement to acquire RESMAN Energy Technology. RESMAN’s chemical tracers provide precision and accuracy in tracking water, gas, oil and CO₂ movement within reservoirs and wells to deliver insights and optimize production and recovery.RESMAN’s tracer technology enables operators to monitor reservoir flow without disruption, offering accuracy at parts per trillion (ppt) detection
SLB to acquire RESMAN Energy Technology Read More »
Westlawn acquired a 30% non-operated working interest in the Z-61, Z-62 and Z-63 blocks offshore Peru pursuant to a farm-out agreement signed previously between Westlawn and Anadarko, a subsidiary of Oxy.Oxy will remain the operator of the three blocks, holding a 35% working interest. Chevron acquired the remaining 35% working interest in the blocks.（2025-09-23）
Westlawn, Oxy, Chevron acquire three blocks offshore Peru Read More »
Melbana Energy reported that drilling of the Amistad-2 production well began in Cuba in the early hours of Thursday, 18 September. Amistad-2 is planned to be drilled to a total depth of 1125 m measured depth.The Unit 1A formation will be logged, but not tested, en route. A 650-m measured depth section of the Unit
Melbana starts drilling of Amistad-2 production well Read More »
TotalEnergies signed four production sharing contracts for the LB-6, LB-11, LB-17 and LB-29 exploration blocks offshore Liberia, which were awarded following the 2024 Direct Negotiation Licensing Round organized by the Liberia Petroleum Regulatory Agency.The blocks, covering an area of approximately 12,700 sq km, are located in the south of the Liberia Basin. The work program
TotalEnergies awarded four exploration permits offshore Liberia Read More »
On 4 September, Nabors Industries unveiled X33, the first of its Pace-X Ultra land rigs, which will be deployed to South Texas in October to work for Caturus. The rig was upgraded to help Caturus drill four-mile laterals, reduce flat time and maximize efficiency. Key upgrades include a 10,000-psi high-pressure mud system, a 35,000-ft racking
Nabors unveils new PACE-X Ultra land rig Read More »
On 27 August, the IADC Advanced Rig Technology Committee held a Spark Tank at Transocean’s Houston office. The event brought together active and aspiring technology entrepreneurs to pitch products and ideas to a panel of drilling contractors, operators and service company representatives in a format similar to the TV show Shark Tank. The presentations allowed
3D printing of PDC bits offers opportunity for bolstering hydraulic performance Read More »
Galp, Shell and Petrobras reached an agreement for stakes in São Tomé and Príncipe’s Block 4. With this new configuration a consortium was formed, joined by the National Petroleum Agency of São Tomé and Príncipe (ANP-STP).Galp is the operator of Block 6, where it holds an interest alongside Shell and ANP-STP. In addition to Block
Petrobras and Galp join Shell in Block 4, São Tomé and Príncipe Read More »
Vallourec was awarded a contract by Petrobras as a result of a competitive bidding process for the supply of OCTG (Oil Country Tubular Goods) products and services for its offshore operations from 2026 to 2029. This long-term agreement could generate total revenue of up to $1 billion.The contract covers the full OCTG scope of supply
Petrobras chooses Vallourec to support offshore OCTG projects until 2029 Read More »