Industry News

EON Resources has completed a “preliminary assessment” of the horizontal potential of the lower San Andres (Jackson and Slaughter) reservoirs in the Grayburg-Jackson Field that it operates in Eddy County, New Mexico.This preliminary assessment reveals possible recovery of an additional 20 million barrels of oil and 16 billion cu ft of natural gas in the […]

The Petrobras FPSO Almirante Tamandaré (Búzios 7) has started production in the Búzios field, located in the pre-salt layer of the Santos Basin. This is the first high-capacity unit to be installed in the field, with the potential to produce up to 225,000 barrels of oil per day (bpd) and process 12 million cu m

Maurel & Prom has entered into a definitive agreement with NG Energy to acquire a 40% operating working interest in the Sinu-9 gas license in Colombia. The effective date for the transaction is 1 February 2025.The consideration of $150 million will be funded from M&P’s existing cash resources and available credit facilities. A deposit of

Ecopetrol and Occidental Petroleum Corp will extend the development plan of Rodeo Midland Basin, located in the Texas Permian Basin, under the joint-venture established in July 2019.The agreement includes a drilling plan for 34 wells between April 2025 and June 2026, in addition to those being executed under the current development plan for the first

On January 26, 2025, the first trial of the innovative “SuperGuard” series of oil tubing and casing quick stand protector products independently developed by CsTeC made great success. The “SuperGuard” series of oil tubing and casing quick stand protector products are designed to provide quick protection to the male thread area during double and triple

The Ministry of Petroleum and Mineral Resources completed drilling work on the Nefertari well for ExxonMobil in the North Marakia area at a water depth of 1,720 m in the western region of the Mediterranean Sea. The results after recording the wells showed the presence of two main layers bearing gas in the Cretaceous formation.

On January 17th, the first trial use of the innovative “RwCsTeC” series multi-purpose grease processing equipment independently developed by CsTeC was a complete success. The “RwCsTeC” series multi-purpose grease processing equipment is an upgraded and enhanced version of the “RoCsTeC” series grease processing equipment. Its design was developed by the CsTeC team based on the

The Norwegian authorities offered Aker BP ownership interest in 19 exploration licenses on the Norwegian continental shelf in the APA 2024 licensing round. For 16 of the licenses Aker BP is also granted operatorship.The licenses are located in the North Sea and the Norwegian Sea. West of Yggdrasil, Aker BP is offered operatorship on the

ADES Holding announced that its offshore jackup rig “Admarine 504” has been awarded a drilling contract in Nigeria with Brittania-U, an indigenous integrated energy company that operates across the oil and gas value chain in Nigeria. This marks the company’s first entry into West Africa.ADES will provide the rig along with its senior crew and

The end of 2024 brought news of two gigs for Noble Corp rigs. First, the semisubmersible Ocean Apex has been contracted for a further period offshore Australia. This contract, which is for a minimum 37 days, will be in direct continuation of the Apex’s prior commitments in Australia, estimated to occur between Q2-Q3 of 2025.Next

Saipem was awarded a new offshore contract by Shell Nigeria for the Bonga North Project and the development of a deepwater oil field 130 km off the coast of Nigeria. Saipem’s share of the overall value of the contract is approximately $900 million.The project is related to the tieback of wells to the existing FPSO.

Ventura Offshore Holding Ltd. was awarded a new contract with PetrPetrobras for the deployment of the ultra-deepwater (UDW) drillship DS Carolina to the Sepia and Atapu fields located in the Santos basin, offshore Brazil.The contract totalizes approximately $363 million for the 910-day firm contract term and includes $26 million for mobilization payments and an extension