Gas drilling

Oil & Gas Trade

OPEC+ Likely to Maintain Output Cut Amid Strong Oil Market Fundamentals

Opec+ slashed its output by 2 million barrels per day in October last year. ReutersOpec+ will most likely roll over its existing output cuts when it meets on Ap…

Oil&Gas Drilling

Japanese Firm Taking Over Country’s Only Offshore Drilling Contractor to Fortify Its Oil & Gas Business

Hakuryu-11 jack-up rig; Source: JDCJapan’s oil and gas player JX Nippon Oil & Gas Exploration Corporation is in the process of acquiring the country&rsquo…

Oil & Gas Supply

Biden Administration Approves Alaska Oil Drilling Project

Environmental groups fear for Alaska's wildlife. Photo: Eric FisherPresident Joe Biden's administration on Monday approved an oil drilling project on Al…

Oil&Gas Drilling

Eco Atlantic Notes Africa Oil Corp. Compliant Report on Offshore South Africa Exploration Blocks

(WO) – Eco (Atlantic) Oil & Gas Ltd., the oil and gas exploration company focused on the offshore Atlantic Margins, has noted Africa Oil Corp.’s pub…

Oil Pipeline

Reelwell as Announces Frame Agreement With Equinor to Provide Drill Pipe for Their Operations

The company has announced the signing of a frame agreement with Equinor ASA to provide DualLink™ powered and wired drill pipe for their operations, ahead …

Oil&Gas Drilling

Market Insights on Offshore Drilling Riser & Up-To-Date Key Trends

The global offshore drilling riser market was estimated to reach a valuation of USD 3.8 Billion in the year 2022. With a steady CAGR of 2.2% from 2023 to 2033, …

Oil&Gas Drilling

Shell, Qatar energy make light oil discovery offshore Namibia

(WO) – QatarEnergy made a light oil discovery in the Jonker-1X deep-water exploration well drilled in the PEL-39 Exploration License, offshore Namibia.The…

Oil&Gas Drilling

Namibia’s Exploration Multi-Well Drilling Campaign Begins Amidst High Expectation

TotalEnergies’ move to direct $300 million – half of its 2023 budget – in exploring Namibian basins this yearAfrica-focused independent explor…

Oil&Gas Drilling

14% Increase in Offshore Drilling in North America Makes Usa’s Petroleum Liquid Feedstock Market Highly Important for the Economy

FMI anticipates that the global petroleum liquid feedstock market valuation could reach US$ 313 billion in 2023. As per the projection of the analysts, the mark…

Oil&Gas Drilling

Valaris Awarded 330-Day Contract Extention by Shell Nigeria for Valaris Ds-10

Valaris has been awarded a 330-day priced option exercised by Shell Nigeria Exploration and Production Company (SNEPCo) offshore Nigeria for drillship VALARIS D…

Oil&Gas Drilling

BP Conducts New Drilling Operation in Azerbaijan for First Time

In 2022, bp spent about $470m in operating expenditure and $1.6bn in capital expenditure on ACG activities, Azernews reports, citing a bp press release.During t…

Oil Exploration

Egypt Plans 3 Tenders for Oil and Gas Exploration, Production in 2023 -Minister

Flames rise from an oil refinery in Cairo, May 6, 2008. Image used for illustrative purpose.Reuters Images/Nasser NuriEgypt plans to offer three international t…

Oil and Gas Equipment

Petrogas Picks Umbilicals Provider for North Sea Gas Fields

JDR, part of TFKable Group, has secured a contract from Petrogas E&P Netherlands for the supply of two umbilicals for offshore conventional gas fields in the Ne…

Natural Gas

US Issues Licence to Trinidad to Develop a Venezuelan Offshore Gas Field

The US Treasury Department has granted a licence to Trinidad and Tobago to develop the 350 mcf/d (3.6 bcm/year) Dragon natural gas field, located in Venezuelan …

Oil & Gas Trade

Colombia Will Not Issue New Oil and Gas Exploration Contracts

The Colombian Ministry of Mines has announced that Colombia would not issue new oil and gas exploration contracts, and will now rely on tourism and green energy…