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Oil&Gas Drilling

Turkey Says May Begin Oil Exploration Under Libya Deal in 3-4 months

Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya that was condemned by others in the …

Oil&Gas Drilling

U.S. Rig Count Plunges Again

The number of operating U.S. oil and gas rigs plunged again this week in its twelfth week of losses, according to Baker Hughes.

Oil&Gas Drilling

UAE's ADNOC to Cut July Crude Nominations by 5% After OPEC+ Pact

State-run Abu Dhabi National Oil Company (ADNOC) has informed customers of a cut in its crude oil nominations for July in line with a decision by OPEC+ last mon…

Oil&Gas Drilling

ConocoPhillips Receives Consent to Use Valaris rig for Ekofisk Wells

Oil and gas exploration company ConocoPhillips has received consent from the Norwegian offshore safety watchdog Petroleum Safety Authority (PSA), to use a Valar…

Oil&Gas Drilling

Saipem and Equinor Sign Major Engineering Services Pact

Norwegian energy firm Equinor has awarded Italian oilfield service company Saipem a two-year frame agreement to provide engineering services globally.

Oil&Gas Drilling

Basra Begins Drilling the First Well in Majnoon Field

Drilling the first new production well in Majnoon oil field has started with national efforts after the withdrawal of Shell(Dutch-British oil and gas company), …

Google says it Won’t Build AI Tools for Oil and Gas Drillers

Google says it will no longer build custom artificial intelligence tools for speeding up oil and gas extraction, separating itself from cloud computing rivals M…

Geothermal Power Plant

Kalahari GeoEnergy Secures $3.2m Loan Funding for Geothermal Project in Zambia

Three new resource definition slim wells will help move Zambia's first commercial geothermal project forward.

Oil&Gas Drilling

Australia is in the Process of Developing Dorado Field

Australia's Santos is pushing forward with its Dorado field development. The competitive process for the supply of the FPSO has started and a shortlist of contr…

Oil&Gas Drilling

SOCAR Starts Drilling New Well at Umid Gas Field

The State Oil Company of Azerbaijan has started drilling a new well at the Umid-1 platform of the Umid field, the company told local media on May 5.

Oil&Gas Drilling

Odfjell Drilling's Deep-Sea Yantai Got the Green Light

Neptune energy is exploring and drilling in the north sea using the yantai deep-sea semi-submersible drilling platform.

Oil & Gas Trade

U.S. Drillers Expected to Slash Oil and Gas rigs to Lowest Ever

The number of oil and gas rigs operating in the United States is expected to hit an all-time low this week - reflecting data going back 80 years - as the energy…

Oil&Gas Drilling

PTTEP Makes New Oil Discovery Offshore Mexico

PTTEP and its joint venture partners made two successful deep-water oil discoveries in Block 29, offshore Mexico, with good quality reservoirs. Commercial poten…

Oil&Gas Drilling

Equatorial Guinea Extends Oil and Gas Exploration Licenses by Two Years

The minster continued: “Liquidity is very important right now. The last thing we want is for [companies] to decide that it is not economical to operate in-coun…

Oil&Gas Drilling

Fenja, Neptune's First Operated Development Project on the Norwegian Shelf

On April 28, Neptune Energy announced the drilling campaign on the Fenja field is now underway.