Drilling
News
October 28, 2024
(WO) — Vantage Drilling International announces the first day of trading its shares on Euronext Growth Oslo. The listing follows a series of value accretive transactions, including the previously announced MoU with TotalEnergies.
News
October 24, 2024
(WO) — Transocean Ltd. is in talks to merge with rival offshore drilling contractor Seadrill Ltd., as deepwater drilling work is once again on the rise thanks to steady oil prices and slower production growth from U.S. shale fields.
News
October 23, 2024
(WO) — Namibia’s next wave of offshore oil drilling is set to begin with the arrival of a rig near an existing discovery made by Galp Energia SGPS S.A.
News
October 22, 2024
(WO) — CNOOC has commenced production on its Xijiang 30-2 Oilfield Xijiang 30-1 Block Development Project ahead of schedule. The project is expected to achieve a peak production of approximately 26,000 boed in 2027.
News
October 17, 2024
Transocean today announced a one-year contract for the Deepwater Conqueror with an undisclosed operator in the U.S. Gulf of Mexico.
News
October 11, 2024
Shelf Drilling, Ltd. has secured new contracts for two jack-up rigs in offshore Nigeria, paving the way for a fully executed three-year contract for the Achiever jack-up rig, and expanding their operations in West Africa.
Article
September 2024
Continuing with the story from in prior columns, we’re looking at U.S. drilling activity to see how drilling performance has changed over the last few years and what it might say about how we can advance drilling even further.
News
October 03, 2024
The Houston-based offshore drilling services provider is working with advisers to gauge interest from potential buyers, according to the people, who asked not to be identified discussing confidential information.
News
October 03, 2024
Malaysia is expanding oil and gas exploration in the disputed South China Sea despite pressure from Chinese vessels that have maintained a constant presence in waters where both sides have overlapping claims, according to a new report.
News
September 30, 2024
ADNOC Drilling Company announced today the creation of the Turnwell joint venture with SLB and PattersonUTI and the acceleration of its 144 unconventional oil and gas well program, following the successful and efficient delivery of the first wells in the campaign.
News
September 18, 2024
The well will be drilled as a deviated hole with a total measured depth of approximately 7,500 m and is expected to take 50 - 60 days to drill and evaluate. The well lies within tie-back distance to both the Who Dat G subsea manifold (6 km) and the Who Dat FPS.
News
September 18, 2024
This strategic initiative combines Oil States’ MPD Integrated Riser Joint (IRJ) system with Seadrill’s high-spec fleet of floating drilling vessels to enhance safety and efficiency while simplifying and standardizing MPD systems operating in the offshore drilling market.
News
September 16, 2024
Global deepwater spending by oil producers is forecast to grow to an average of $79 billion in 2026 and 2027, according to Noble, citing research from Rystad. That would be a 20% hike from the average annual amount between 2023 and 2025.
News
September 15, 2024
Set to face a shortfall of natural gas at the start of next year, Colombia’s hopes are riding on the future potential of its deepwater wells. Ecopetrol’s offshore chief, Elsa Jaimes, said in an interview last month that production from Caribbean waters could come online as early as 2029, depending on approvals from local communities and securing environmental licenses.
News
September 08, 2024
Transocean announced that Reliance Industries Limited awarded a binding Letter of Award for the Dhirubhai Deepwater KG1 for six wells offshore India. The estimated 300-day program is expected to commence in the second quarter of 2026.
News
August 20, 2024
TotalEnergies CEO Patrick Pouyanne — whose company, alongside APA Corporation, is moving to develop deepwater drilling sites that hold close to 700 MMbbl of oil — said Suriname will make a “significant” contribution to the group’s cash flows as oil revenues start flowing in 2028.
News
August 15, 2024
Offshore oil contractor Borr Drilling Ltd. expects almost a third of the world’s fleet of shallow-water rigs to be retired in the coming years because of their age, leading to higher daily leasing rates.
News
August 15, 2024
Seatrium Limited has successfully delivered its fourth jackup rig, named "Vali," to Borr Drilling, about a year ahead of the planned delivery date. The project was completed on an accelerated schedule, highlighting Seatrium's ability to execute major projects efficiently and on budget.
News
August 14, 2024
Petroleos Mexicanos has reached a deal with an oilfield-services provider to drill in the Gulf of Mexico as the heavily indebted state energy company turns to the private sector to boost crude production.
News
August 14, 2024
Germany will scrutinize an application to drill for natural gas at a protected marine site after explorer One-Dyas BV cleared a key hurdle with local authorities.
News
August 11, 2024
The extension from October provides firm revenue backlog of approximately $24.3-34.2 million, with the option to extend for an additional well, potentially adding a further approximately $26.9-36.9 million.
