Seadrill Limited has been awarded three contracts by a leading operator for the West Ariel, West Cressida, and West Leda for work in the Middle East. The firm-term of each contract is three years with expected commencement between Q1 2023 and Q2 2023. Total contract value for the three contracts is approximately $404m (inclusive of mobilization […]

ExxonMobil has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels.  The three discoveries are southeast of the Liza and Payara developments and bring to five the discoveries made by ExxonMobil in Guyana in 2022. The Barreleye-1 well encountered approximately […]

Wood Energy said it has delivered crude oil production of 22.3 MMboe, down 1% from Q4 2021. According to the company’s first quarter report for period ended 31 march 2022 it has delivered sales volume of 25.5 MMboe, including a 2% increase in produced LNG sales volume from Q4 2021.  The average realised price increased […]

 French oil major TotalEnergies has been given more time to pay Petrobras for its 22.5 percent share in the Atapu offshore oil field. The Atapu block was acquired by the consortium composed of Petrobras which holds a 52.5 percent stake, Shell which holds 25 percent, and the remaining 22.5 percent is held by TotalEnergies. The […]

BW Energy has decided to proceed with the Maromba development project offshore Brazil and signed an agreement to purchase the FPSO Polvo from BW Offshore. The FPSO will be upgraded and redeployed on the field. The development plan is based on an initial drilling campaign of three wells with planned first oil in 2025 and a second campaign with a further three wells in 2027. The investment decision is subject to certain conditions precedent, including completion of the project financing. Unlocking material production “We […]

PETRONAS has disclosed that its subsidiary PC Ketapang has achieved its first hydrocarbon in the successful drilling of the Bukit Tua Phase-2B’s BTJTB-T2 well located within the Ketapang Block, offshore East Java, Indonesia.  The BTJTB-T2 well was spudded on 30 September 2021 and drilled with a target depth of 1,890 metres. This milestone is part […]

Murphy Oil Corporation (NYSE: MUR) announced today that it has achieved first oil from the Khaleesi, Mormont and Samurai field development project in the deepwater Gulf of Mexico, as production has begun flowing through the Murphy-operated King’s Quay floating production system (King’s Quay FPS). The project is comprised of the Khaleesi / Mormont fields in […]

Maersk Drilling has been awarded contracts which will see the harsh environment jack-up rig Maersk Resolute employed to plug and abandon a total of 31 wells in the Dutch sector of the North Sea in support of a rig sharing agreement between TotalEnergies EP Nederland B.V. and Petrogas E&P Netherlands B.V. The contracts are expected […]

Equinor, which is the operator of production licence 293 B, has discovered oil and gas close to the Troll and Fram area. Based on preliminary estimates the size of the discovery is between 4 and 8 million standard cubic metres of recoverable oil equivalent, or 25-50 million barrels of recoverable oil equivalent. The licence owners […]

Shell Trinidad and Tobago (through BG International, a subsidiary of Shell plc), today announces that production has started on Block 22 and NCMA-4 in the North Coast Marine Area (NCMA) in Trinidad and Tobago. The start-up of Colibri follows the amendment to the Block 6 Production Sharing Contract for the Manatee field, marking yet another […]