New figures show domestic gas production in the first half of 2022 was 26% higher than the same period in 2021, which is enough to heat almost 3.5 million UK homes for a year. SourceContinue Reading
ADNOC Drilling Company signed a sale and purchase agreement to acquire an additional premium offshore jack-up drilling unit (rig) for $70 million. SourceContinue Reading
Neptune Energy has begun an infill drilling campaign at its operated Cygnus gas field in the southern North Sea, with the potential to unlock enough gas to heat an additional 200,000 UK homes per year from this winter. SourceContinue Reading
Saudi Arabia’s oil exports reached $31 billion in June, the highest in at least six years, driven by a rally in prices and rising production. SourceContinue Reading
At a time when global oil markets are experiencing significant volatility, member countries of OPEC+ have the means to address these challenges, and Equatorial Guinea will continue to support efforts to improve market stability. SourceContinue Reading
Recently introduced digitalization and automation technologies are enabling better performance on new build and retrofitted rigs. SourceContinue Reading
A recent ultra-deepwater giant drillships build resulted in two drillships that have the first-ever 20,000 psi well control system equipped with two 20,000 psi blowout preventers. SourceContinue Reading
Malaysian state oil company Petroliam Nasional Bhd. has started inviting bids for its upstream assets in Africa, which could fetch as much as $3 billion, people with knowledge of the matter said. SourceContinue Reading
GATE Energy, the Houston-based engineering, commissioning and field services firm, announced that it has been awarded the commissioning management and execution contract for LLOG’s Salamanca development. SourceContinue Reading
TotalEnergies and Eni made a significant gas discovery at the Cronos-1 well, in Block 6, offshore Cyprus. This discovery follows the Calypso-1 discovery made on the same Block in 2018. SourceContinue Reading
