A deep freeze across Texas took a toll on the energy industry in the largest U.S. crude-producing state, shutting oil refineries and forcing restrictions from natural gas pipeline operators. The cold snap prompted the state’s electric grid operator to impose rotating blackouts, while President Joe Biden declared an emergency on Monday, unlocking federal assistance to […]

Equinor has agreed to divest its interests in the Bakken field in the US states of North Dakota and Montana to Grayson Mill Energy, backed by EnCap Investments, for a total consideration of around USD 900 million. The transaction covers all of Equinor’s operated and non-operated acreage, totalling 242,000 net acres, and associated midstream assets […]

The Abu Dhabi National Oil Company (ADNOC) has announced the signing of an exploration concession agreement, awarding the exploration rights for Abu Dhabi’s Offshore Block 4 to Cosmo E&P Albahriya Limited, a wholly-owned subsidiary of Japan’s Cosmo Energy Holdings Co., Ltd. (Cosmo). The award has been approved by Abu Dhabi’s newly formed Supreme Council for […]

Siemens Energy was selected to supply new electric motor driven compressors for Saudi Aramco’s Tanajib Plant facilities. The company received the order from the Spanish engineering and construction company, Técnicas Reunidas, who was awarded the engineering, procurement, and construction (EPC) contract for the Marjan Onshore Packages 9 and 11 projects last year.  Saudi Aramco has awarded […]

Maersk Drilling has secured a contract from Korea National Oil Corporation (KNOC) for the drillship Maersk Viking to drill one exploration well in Block 6-1 offshore the Republic of Korea. The contract is expected to commence in June 2021, in direct continuation of the rig’s previous work scope, with an estimated duration of 45 days. […]

Vantage Drilling International has announced  that its ultra-deepwater drillship, the Platinum Explorer, has received a letter of award for a two-year contract from Oil and Natural Gas Company (ONGC). The Platinum Explorer is currently performing under an existing three-year contract with ONGC, which is expected to conclude in the second quarter of 2021. The new contract with ONGC […]

In October 2020 Turkey’s President, Recep Tayyip Erdoğan stated that the Sakarya Gas Discovery in the southern Black Sea may have established contingent resources of 405 Bcm (14.3 Tcf) of gas. Turkish media recently reported the completion of the Türkali-1 appraisal well, which was drilled 4km to the northwest of the Tuna-1 discovery well. The […]

In support of development of offshore “geoenergy” resources, stena and bcarbonx have entered in offshore decarbonisation exploration drilling technology as a new, innovative, and sustainable enabler of the energy transition. The companies will work together to engineer solutions to discover and develop subsurface assets for combinations of geothermal energy, molecular energy storage, and carbon sequestration. […]

Maersk Drilling has secured an additional two-well contract for the low-emission rig Maersk Integrator with Aker BP. The plan is that in direct continuation of the rig’s previously announced work scope with a different operator, Maersk Integrator will return to Aker BP’s Ivar Aasen field for a two-well campaign expected to commence in Q3 2021. The […]

Cadogan Petroleum, the London Stock Exchange listed independent oil and Gas Company provides the following operational update post year end. Net production for 2020 was 106,400 bbl which is 1.5% above the production of 2019. This production result was achieved despite the heavy impact of covid-19 pandemic and 5.5 months shut-down of Blazhiv-3 and Blazhiv-Monastyrets-3 […]