Maersk Drilling has secured an additional one-well contract for the low-emission rig Maersk Integrator with Aker BP. In direct continuation of the rig’s previously announced work scope, Maersk Integrator will drill an exploration well for Aker BP offshore Norway. The contract is expected to commence in December 2021, with an estimated duration of 36 days. The […]

Equinor and partners Total E&P Norge AS and Vår Energi AS have struck oil and gas in a new segment belonging to the Tyrihans field in the Norwegian Sea. Recoverable resources are so far estimated at between 3.0 and 4.2 million standard cubic metres of recoverable oil equivalent, corresponding to 19 – 26 million barrels […]

Italy’s Eni is considering spinning off oil and gas operations in West Africa and the Middle East into new joint ventures to help reduce debt and fund its shift to low-carbon energy, according to company and industry sources. The move is part of a major overhaul the company launched last year as it transitions into […]

The Department of Petroleum Resources (DPR) rallied major stakeholders, including the Nigerian Electricity Regulatory Commission (NERC), the Nigerian Bulk Electricity Trading Limited (NBET) and power Generation Companies (Gencos), over its plans to ameliorate the current gas-to-power shortage. DPR told the Gencos that there was the need to take advantage of the Nigeria Gas Network Transportation […]

Eni, through its subsidiary Eni RAK, has been awarded Block 7 located in the onshore of Ras Al Khaimah, United Arab Emirates. The Exploration and Production Sharing Agreement was signed between the Chairman of Eni RAK, Fuad Krekshi, and the Chief Executive of the Ras Al Khaimah Petroleum Authority, Nishant Dighe, in the presence of […]

Puma Energy Holdings Pte. Ltd, Trafigura PTE Ltd and Sonangol EP have announced the milestone signing of a series of agreed transactions. First, Trafigura has agreed to purchase from Sonangol its entire shareholding in Puma Energy for the sum of US$600m. Second, Puma Energy has agreed the sale of its Angolan business and assets to […]

Reconnaissance Energy Africa Ltd. and Renaissance Oil Corp. has announced that they have entered into a letter of intent (the “LOI”) setting forth the material terms and conditions upon which ReconAfrica will acquire all of the issued and outstanding common shares (the “Renaissance Shares”) and convertible securities of Renaissance (the “Transaction”). The Transaction is expected […]

Welltec® has been awarded an exclusive three-year contract by global energy and solutions company, Petronas.  The agreement – which officially commenced on April 1st – appoints Welltec as the sole provider of downhole conveyance and powered mechanical services in both East and West regions of Malaysia. “It’s a great team effort that has led to the award […]

Noble Corporation has announced the completion of its acquisition of Pacific Drilling Company LLC, effective on April 15, 2021. Pacific Drilling’s high specification ultra-deepwater drillship fleet further enhances Noble’s global position as an owner and operator of one of the most modern and technically advanced fleets in the offshore drilling industry.    Robert Eifler, President and […]

Bodycote, the world’s largest provider of heat treatments and specialist thermal processing services, is targeting the marine renewables sector after securing work with wave energy pioneer CorPower Ocean. The UK-headquartered firm, which has built a long-term track record in automotive, aerospace, energy and broader industrial sectors, is now breaking into ocean energy after helping Swedish […]