Eni announces the successful award of a new Production Licence, resulting from an application made in the 32nd UK Offshore Licensing Round. The Licence, named P2511, covers an area of approximately 340 square kilometres and is located approximately 250 km offshore UK in the Northern North Sea in a water depth ranging from 100 to 130 […]

TC Energy Corp will eliminate more than 1,000 construction jobs in coming weeks and halt work on the Keystone XL oil pipeline after U.S according to Reuters.  President Joe Biden revoked the project’s presidential permit, the company said in an email to employees. Biden’s decision to cancel the permit is seen as the project’s death […]

U.S. President Joe Biden’s promised ban on new oil and gas drilling on federal lands would take years to shut off production from top shale drillers because they already have stockpiled permits, according to Reuter’s interviews with executives. But smaller independent oil drillers without the resources of big corporations were more worried about Biden’s vow […]

Eni announces that Vår Energi, jointly owned by Eni (69.85%) and HitecVision (30.15%), has been awarded 10 exploration licenses in the “Awards in Predefined Areas 2020” (APA) in Norway. San Donato Milanese (Milan), 19 January 2021 – Eni through Vår Energi, jointly owned by Eni (69.85%) and by HitecVision (30.15%), will participate in a total of […]

Norwegian semi-submersible rig owner Dolphin Drilling has secured as new contract with Ineos Energy on the Norwegian continental shelf. The work is scheduled to commence during the third quarter of 2021, and is for the drilling of the Fat Canyon well in the Norwegian Sea. The company will be utilising 1977-built rig Borgland Dolphin and the […]

Equinor has been awarded 17 new production licences by Norway’s Ministry of Petroleum and Energy in the 2020 Award in Predefined Areas (APA) – 10 licences as operator and 7 licences as partner. “We are pleased about the awards that will be an important supplement to our exploration portfolio and form the basis for future […]

Based on the previously announced  Conditional Letter of Award, Maersk Drilling has been awarded contracts for the deepwater rigs Maersk Valiant and Mærsk Developer from Total E&P Suriname, Suriname Branch, for Total’s exploration and appraisal project in Suriname’s Block 58. Mærsk Developer and Maersk Valiant will be employed for an estimated combined total duration of […]

Crude oil prices were observed in February climbed to almost a year high since same period in previous year. This positive crude market upthrust is not far from recent Saudi Arabia’s pledge to cut its crude production output in strengthening the global crude oil prices from sliding further. Saudi Arabia, the world’s biggest oil exporter, […]

Carnarvon Petroleum to spud Buffalo-10 well offshore Timor Leste next year. The objective is for drilling operations to take place in late 2021, with a date to be determined once a rig has been identified and long lead items have been ordered, along with completion of any necessary regulatory approvals. It is scheduled that the well will […]

Beach Energy is now expected to begin its exploration and development drilling campaign offshore Australia, using Diamond Offshore semisub Ocean Onyx, around February 2021. The campaign will keep the rig busy until 2022 with three one-well options also available thereafter.  Serica Energy reports that offshore operations at its UK Rhum field, R3 Intervention Project using Awilco Drilling semisub WilPhoenix, have been […]