Maersk Drilling has been awarded a one-well contract by CGX Resources Inc., operator and joint venture partner with Frontera Energy Guyana Corp, for the semi-submersible rig Maersk Discoverer to perform exploration drilling in the Corentyne Block offshore Guyana. The contract has an estimated duration of 75-85 days and is expected to commence in third quarter […]

Maersk Drilling has been awarded a contract with Karoon Energy Ltd for the semi-submersible rig Mærsk Developer to perform well intervention on four wells at the Baúna field offshore Brazil. The contract is expected to commence in the first half of 2022, with a firm duration of 110 days. The value of the firm contract […]

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 […]

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 […]

Three crew members were missing after a well blowout and fire on an oil rig platform in the Bohai Sea in northeastern China earlier this week that halted operations in China’s largest offshore oil field. The field is jointly owned by state-controlled giant China National Offshore Oil Corp. (CNOOC) and U.S. oil giant ConocoPhillips. CNOOC hasn’t made a […]

PetroTal has announced the following operational update for Q1 2021. All currency amounts are in United States dollars (unless otherwise stated). Highlights: Petrotal has commenced its 2021 drilling program by spudding the first well (“7D”) on March 29, 2021, with expected completion the first week of May 2021; Successfully completed the workover of well 4H […]

Tethys Oil’s share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman amounted in March 2021 to 356,736 barrels of oil, corresponding to 11,508 barrels of oil per day. Oil production in Oman is currently subject to production limitations under the OPEC+ agreement. As a consequence, production from Blocks 3&4 […]

OPEC+ expressed growing confidence in the global economic recovery by agreeing to increase oil production gradually in the coming months. Before meeting, the cartel had been widely expected to maintain its cautious stance by rolling over the current supply cuts, just as it did last month. Yet Saudi Arabia and its allies showed they are […]