Offshore | GUPC

Petronas Gets Two New PSCs offshore Indonesia

Oil & Gas‚ Oil and Gas Industry | intent | May 26, 2025 | Comment off

“The signing of the Serpang and Binaiya blocks represents a pivotal step forward in PETRONAS’ enduring commitment to fortify our oil portfolio and regional partnership, in meeting the region’s energy demand”, Petronas said. “The Serpang block presents a crucial avenue to bolster our presence in East Java – an established, high-potential basin endowed with robust infrastructure enabling timely and efficient monetization of resources. Simultaneously, the Binaiya block opens a new frontier for PETRONAS to anchor a key hub in Eastern Indonesia, alongside our Bobara block”.

TotalEnergies prepares to drill offshore South Africa as regulatory reforms gain footing

Oil & Gas‚ Oil and Gas Industry | intent | May 23, 2025 | Comment off

South Africa’s offshore acreage, particularly in the Orange Basin, has been gaining momentum on the back of transformational discoveries in neighboring Namibia. Within South African waters, the Brulpadda and Luiperd finds in Block 11B/12B remain the most commercially significant to date, estimated to hold more than 600 million barrels of oil equivalent. While TotalEnergies has since exited the block, citing internal portfolio shifts, the company’s re-engagement with the broader South African market suggests continued belief in the basin’s long-term potential.

Subsea7 awarded sizable contract for offshore West Africa

Oil & Gas‚ Oil and Gas Industry | intent | May 22, 2025 | Comment off

Subsea7 will be responsible for transporting and installing flexible pipelines, umbilicals, and associated subsea components for the connection of a floating production, storage and offloading (FPSO) vessel as well as the pre-laying activities for an upcoming drilling campaign.

Canada’s Stamper to enter Namibian offshore sector

Oil & Gas‚ Oil and Gas Industry | intent | May 19, 2025 | Comment off

Canada’s Stamper Oil & Gas will acquire BISP Exploration for an indirect stake in five offshore Namibian blocks, Stamper said on Wednesday.

XRG takes gasfield stake offshore Turkmenistan

Oil & Gas‚ Oil and Gas Industry | intent | May 15, 2025 | Comment off

“This agreement marks an important milestone in XRG’s global growth strategy and builds on the strengthening relationship between the UAE and Turkmenistan. It strengthens XRG’s presence in the Caspian region, expands our resource base and reflects our ambition to be a reliable supplier of cleaner energy to meet the world’s evolving needs,” said Mohamed Al Aryani, XRG president of International Gas.

Valaris wins five-well drilling contract offshore West Africa

Oil & Gas | intent | May 8, 2025 | Comment off

Valaris has secured a five-well contract for its drillship VALARIS DS-15 in West Africa, with work scheduled to begin in Q3 2026, the company said on Monday.

OTC Day 2: Trends and challenges shaping offshore production and recovery

Oil & Gas‚ Oil and Gas Industry | intent | May 7, 2025 | Comment off

Day two of the 2025 Offshore Technology Conference (OTC) took place Tuesday, May 6 in Houston, Texas. This year’s conference centers on the theme “Waves of innovation: Offshore energy excellence,” and much dialogue the second day indeed focused on the latest innovations and technology applications in the offshore sector. Another key theme that emerged throughout the day — how operators are pivoting strategies for offshore production in response to challenging times.

Valaris lands $135 million drillship contract for offshore West Africa

Oil & Gas‚ Oil and Gas Industry | intent | May 6, 2025 | Comment off

Valaris Limited has been awarded a five-well contract offshore West Africa for drillship VALARIS DS-15. The contract is expected to commence in the third quarter 2026. The total contract value, based on an estimated duration of 250 days, is approximately $135 million, including upfront payments for rig upgrades and mobilization. The total contract value does not include the provision of additional services. The contract includes priced options for up to five wells with an estimated total duration of 80 to 100 days.

Marula-1X Well offshore Namibia Turns Up Dry

Oil & Gas‚ Oil and Gas Industry | intent | April 30, 2025 | Comment off

“The farm-down agreement between Impact and TotalEnergies that was completed last year provides full carry of Impact’s exploration and development costs on Blocks 2912 and 2913B through to first commercial production from these blocks. This presents us with an attractive opportunity set to test different geological plays on these blocks at no upfront cost”, Africa Oil President and CEO Roger Tucker said.

Aquajet launches new system to enhance hydrodemolition robots for onshore, offshore applications

Oil & Gas‚ Oil and Gas Industry | intent | January 13, 2025 | Comment off

Aquajet has introduced a new support system designed to enhance the capabilities and flexibility of Hydrodemolition robots in challenging environments. The system centers around the upgraded Aqua Spine 3.0, an extendable rail system that attaches easily to any surface, providing a stable platform for the Power Head to move along during operation.

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