Drill

Oil Price

Oil And Gas Drilling Activity To Reach 10-year High In 2025: Industry Group

Canada’s oil and gas well drilling sector is poised to employ more people next year than it has in a decade, but the job growth could be derailed if presi…

Oil & Gas Trade

KCA Deutag Lengthens Drilling Support Arrangement Offshore Norway

KCA Deutag has awarded Axess Group an extension to a frame agreement to provide services to seven platforms offshore Norway.The agreement, first awarded in 2017…

Oil & Gas Trade

Valeura Starts Up Three More Oil Wells At Jasmine Field Offshore Thailand

Valeura Energy has completed a five-well infill drilling program on its Jasmine field in license B5/27 in the Gulf of Thailand.Three new wells have come onstrea…

Geothermal Drilling

Alberta, Canada Invests on Test Facility for Advanced Drilling Technologies

Alberta, Canada will be investing $50 million for the Alberta Drilling Accelerator, a hub to test and develop advanced drilling technologies.The Government of A…

Geothermal Drilling

Poland to Allocate Funding for Geothermal Exploration in Ten Communes

The Polish government has allocated PLN 133 million to support geothermal exploration drilling for heating in ten communes.The National Fund for Environmental P…

Crude Oil

Velesto, Petronas, NOV Partner to Automate Drilling Operations

Velesto Energy Bhd. (Velesto) has signed a Memorandum of Understanding (MOU) with Petroliam Nasional Bhd. (Petronas) and National Oilwell Varco L.P. (NOV) to im…

LNG

Argentina’s YPL To Merge LNG Project With Rivals' Venture

Argentine state-run energy company YPF SA will join a venture being developed by rival shale driller Pan American Energy Group SL and liquefied natural gas ship…

Oil&Gas Drilling

DeepOcean Providing Long-term Subsea Support To Equinor Offshore Norway

Equinor has awarded DeepOcean an eight-year subsea inspection, maintenance and repair (IMR) contract to support its operations in Norway and elsewhere in Europe…

Natural Gas

Transocean Barents Derrick Adapted For Black Sea Entry Operation

TheTransocean Barentssemisubmersiblemobile offshore drilling unithas reached Constanța on the Black Sea coast, ahead of a development drilling program for OMV …

Geothermal Drilling

Hephae Energy Raises $4 Million Funding to Support Field Trials of High-T Drilling Technology

High-temperature geothermal drilling specialists Hephae Energy Technology has raised $4 million in new funding to support prototyping and field trials.Hephae En…

Geothermal Drilling

New Low-Temperature Geothermal Resources Found in Reykjavik, Iceland

Drilling in Geldinganes, Reykjavik, IcelandDistrict heating company Veitur, subsidiary of Reykjavik Energy (Orkuveita Reykjavíkur / OR), has announced th…

Geothermal Heating Project

First Pilot Geothermal District Heating Project Completed at Roosna-Alliku, Estonia

Manor in Roosna-Alliku, EstoniaA new geothermal pilot plant has been opened in the small township of Järva County in Roosna-Alliku, Estonia. The pilot proj…

Oil&Gas Drilling

Landbridge To Acquire Permian Acreage Valued At $245 Million From VTX Energy

LandBridge today announced it has entered into a purchase and sale agreement to acquire approximately 46,000 largely contiguous surface acres in the Southern De…

Oil Price

Petrobras Outlines $111 Billion, Five-Year Spending Proposal

Petrobras plans to boost spending on new oil drilling and other projects by almost 9% to $111 billion in the next five-year plan.The Brazilian oil giant’s…

Oil&Gas Drilling

Houston Based Coterra Announces Accretive Permian Deals for Near $4B

Bourbon announced that it has been awarded a new fully integrated logistics contract by an oil & gas major operator to support its exploration campaign and the …