Browse the latest drilling & production news and articles.
The company has secured a total of 11 new contracts since July 2023, delivering subsurface insights to companies in the geothermal, CCUS, oil and gas, mining, and water exploration sectors.
Valaris has announced that it has been awarded a multi-year contract with Equinor Energy do Brasil Ltda., a subsidiary of Equinor, for drillship VALARIS DS-17.
According to Wood Mackenzie, international M&A spend from NOCs has collapsed from over US$30 billion per year (2009 – 2013) to less than US$5 billion (2019 - 2023).
The company has announced a positive drilling update in respect of the Andrews 2-17 well, located in Seminole County, Oklahoma, United States, in which Union Jack holds a 45% working interest.
The company has announced that the total number of serious incidents and injuries per million hours worked has never been lower than at the end of the second quarter.
North Sea operators must take action on well decommissioning to support the UK’s supply chain, clean up their oil and gas legacy and stop costs spiralling, the industry regulator has warned.
The company has secured a long-term contract with Equinor. This provides the company with stable employment and strategic growth opportunities, says CEO Arild Moe, from the headquarters in Florø, Norway.
Fishbones has signed contracts for deliveries of Fishbones stimulation technologies with two major national Middle East operators. Contract values are estimated to exceed a total of US$15 million.
Zephyr Energy has announced the commencement of the well production test on the State 36-2R LNW-CC well at the Company's flagship project in the Paradox Basin, Utah.
Reconnaissance Energy Africa and its joint venture partner NAMCOR has announced the spudding of the Naingopo exploration well on Petroleum Exploration Licence 73 onshore Northeast Namibia. Additionally, the Company announces a joint venture update as well as a warrant exercise update.
This move is in response to President Xi Jinping's directive to bolster the country's energy security by developing ‘new productive forces’.
The company has announced the final stage of the Saipem Onshore Drilling acquisition completed at the end of June following the transfer of the six remaining rigs in Argentina, Kazakhstan and Romania.