Eni and its Area 4 partners have begun the drilling and completion campaign for the Coral North FLNG project offshore Mozambique, which is targeting startup in 2028. The partners are China National Petroleum Corp. (CNPC), ENH, KOGAS and XRG. The campaign is expected to last about 10 months. ENH-Saipem Drilling Co. SA will carry it […]
ADES Holding Company, an oil and gas drilling services provider that is part of Saudi Arabia-headquartered ADES Group, has found more work for its 2007-built jack-up rig off the coast of Angola with Cabinda Gulf Oil Company (CABGOC), a subsidiary of the U.S.-headquartered energy giant Chevron. Following a 15-month contract award in June 2024 for […]
The U.S. Bureau of Ocean Energy Management (BOEM) has announced its intent to prepare a programmatic environmental impact statement for proposed oil and gas lease sales in the Northern, Central and Southern California Planning Areas of the Outer Continental Shelf.
Saipem has reached an agreement on the main terms to acquire the seventh-generation drillship Deep Value Driller for $272.5 million, a move aimed at strengthening the company’s offshore drilling fleet.
Total’s South African unit expects to drill as many as seven wells in the Deep Western Orange Basin in waters about 211 km (131 mi) off the coastal town of Saldanha Bay, according to SLR Consulting, an independent environmental assessment company. A draft environmental assessment is available for public comment until Sept. 10.
“Results from a University of Texas study on commingling show that commingled production maximizes per-well oil production compared to sequential schemes. Over 30 years, it provides 61% more oil recovery, and over 50 years, it yields 21% more,” the Interior said in a news release.
After decades of developing its renewable energy capacity, Uruguay is now looking to explore for oil and gas, having made no successful discoveries in the past. New hopes of offshore reserves have encouraged the government to welcome foreign oil majors into its waters to explore for crude, despite the potentially harmful environmental implications of these activities.
The slew of executive orders (EOs) signed by Trump included the repeal of 78 Biden-era executive actions and the withdrawal of the U.S. from the Paris Climate Treaty — the latter also done under Trump’s first presidential term.
Offshore drilling giant Noble Corporation has completed the acquisition of US offshore rig owner Diamond Drilling, after getting the final permit earlier this week. Noble said that the transaction, valued at around $2.1bn, enhances its position as a leading offshore driller, creating the largest fleet of 7th-generation dual-BOP drillships in the industry. Through this acquisition, Noble will increase […]
Oil and gas companies and environmental groups on Monday filed dueling legal challenges to the Biden administration’s five-year plan to offer drilling leases in the Gulf of Mexico.