Seadrill Limited has entered into a Share Purchase Agreement (SPA) with subsidiaries of ADES Arabia Holding Ltd. (ADES) for the sale of the entities that own and operate seven jack-ups in the Kingdom of Saudi Arabia. Seadrill announces today that the Jack-up Sale has been completed pursuant to the SPA. As the Jack-up Sale has […]

Shelf Drilling has secured a five-year contract for the recently acquired premium jack-up rig Shelf Drilling Victory for operations in the Arabian Gulf. The contract value for the firm period, including mobilization revenue, is approximately USD 236 million. The contract also includes a two year option, and the planned start-up of operations is late-March 2023. […]

Touchstone Exploration Inc has announced that the Coho facility has safely delivered first natural gas, representing the first onshore natural gas project to come onstream in Trinidad and Tobago in over twenty years. The Coho area is located in the Ortoire block, where Touchstone has an 80 percent operating working interest and Heritage Petroleum Company […]

Neptune Energy has received approval from the State Mining Authority for Rhineland-Palatinate to raise the production limit at its operated Römerberg oil field in the Rhine Valley, south-western Germany, enabling Neptune to increase oil production by up to three times the current limit of 3,700 barrels of oil equivalent per day (boepd). Neptune will continue […]

The 45th Meeting of the Joint Ministerial Monitoring Committee (JMMC) and the 33rd OPEC and non-OPEC Ministerial Meeting took place in person at the OPEC Secretariat in Vienna, Austria, on Wednesday, 5 October 2022.   In light of the uncertainty that surrounds the global economic and oil market outlooks, and the need to enhance the […]

Maersk Drilling has secured a contract from Shell Brasil for the provisioning of the semi-submersible rig Mærsk Developer in the Campos basin offshore Brazil where the rig will drill one exploration well and perform subsea well interventions at the BC-10 field. The contract is expected to commence in March 2023, in direct continuation of the rig’s […]

Innamincka Projects Red Sky Energy today provides an update on the completion of the drilling of the Yarrow 3 well at the Innamincka Dome licenses (Innamincka). Santos have advised the Yarrow 3 vertical well in PRL17 in the Cooper Basin has been completed with no incidents, reaching a total depth of 2748m. Preliminary wireline logs […]

KCA Deutag, the global drilling, engineering and technology provider, has secured contract awards, extensions and options worth around $112 million. The contracts are primarily related to land rigs in Saudi Arabia and Oman, and are announced as work continues to close out the acquisition of Saipem’s land rig business, reflecting the company’s focus on growth […]

TotalEnergies has completed the divestment of its 18% interest in the onshore Sarsang oil field in the Kurdistan region of Iraq, to ShaMaran Petroleum Corp., a company listed in Canada and Sweden and focused on oil exploration and development in Kurdistan, for a firm consideration of $ 155 million. An additional contingent consideration of USD […]

Maersk Drilling and Petrogas E&P Netherlands B.V. have agreed to an amendment of the previously entered contract for the provisioning of the harsh-environment jack-up rig Maersk Resolute, under which an option included in that contract will be replaced by a newly entered five-well drilling contract which will employ Maersk Resolute to drill three wells at the A15 […]