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 […]

Equinor, operator of production licence 1104, has concluded the drilling of wildcat well 30/3-11 S. The well was drilled about 18 kilometres north of the Oseberg Øst field in the North Sea and 145 kilometres northwest of Bergen. The objective of the well was to prove petroleum in Middle Jurassic reservoir rocks (the Brent Group). […]

UAE Minister of Industry and Advanced Technology,  His Excellency Dr. Sultan Ahmed Al Jaber, and Abu Dhabi National Oil Company (ADNOC) Managing Director and Group CEO, and Claudio Descalzi, Eni’s Chief Executive Officer have met in Abu Dhabi to discuss the progress of the company’s activities in the Emirate of Abu Dhabi, future projects and […]

Shell has exercised an option to extend the provisioning of the 7th generation drillship Maersk Voyager for drilling services offshore Mexico. The contract extension is expected to commence in April 2023, in direct continuation of the rig’s current contract, with a firm duration of six months. The contract value of the extension is approximately USD 77m, excluding […]

Shell Offshore Inc., a subsidiary of Shell plc, has agreed to sell its 100% interest in Shell Onshore Ventures LLC which holds a 51.8% membership interest in Aera Energy LLC to IKAV for a total consideration of approximately $2 billion in cash with additional contingent payments based on future oil prices, subject to regulatory approval. […]