Stay up to date with the latest news and updates from the oil industry.
Transocean has announced a three-year award for the newbuild ultra-deepwater drillship Deepwater Aquila with a national oil company for work offshore Brazil. The contract is expected to commence in the 3Q24 and represents approximately US$486 million in firm backlog.
Wood has secured contract wins with major UK operators for its digital maintenance optimisation solution, maintAI.
Horizon56, has strengthened its partnership with Archer, with a deal to digitalise a further nine rigs within Archer’s operations.
Once the expansion of the facilities is completed, this oil field will increase its production from 250 000 bpd of Arab light crude oil to more than 500 000 bpd, in addition to 40 000 bpd of condensed hydrocarbons.
The Woodside-operated Shenzi North project has commenced production in the deepwater US Gulf of Mexico, with achieved production ahead of targeted first oil in 2024.
Ithaca Energy has announced that the Group has agreed, subject to regulatory approval, to acquire the remaining 30% stake in Cambo from Shell U.K. Ltd (Shell) taking Ithaca Energy’s stake in Cambo to 100%.
Mammoet’s has delivered a safe and efficient load-out and offshore installation operations for the Azeri Central East (ACE) production, drilling and quarters platform in the Caspian Sea.
The Railroad Commission of Texas issued a total of 820 original drilling permits in August 2023. The total includes 710 to drill new oil or gas wells, 8 to re-enter plugged wellbores and 92 for re-completions of existing wellbores.
First phase of new expansion to include proprietary torque tools and associated accessories to meet changing needs of the industry.
Petrobras sign an agreement with Porto do Açu (RJ) to support the sustainable decommissioning of oil platforms.
The company has completed the drilling of four horizontal wells of the ten well multi-pad infill drill programme.
The company has announced new contracts and contract extensions after issuing its recent fleet status report.