Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
Building on the success of the past two years, IADC’s Young Professionals (YP) Committee brought back its one-day Summit, built specifically for the next generation of talent in the drilling industry. Held on 24 September at Transocean in Houston, the event gave YPs a dedicated space to network, exchange ideas, hear from industry SMEs and...
Read MessageAker BP and partners Equinor and DNO raised the projected size of the Verdandi and Lillefix discoveries in the North Sea after drilling appraisal well 16/1-EA-4 H with Odfjell Drilling’s Deepsea Nordkapp semisubmersible. Preliminary calculations put the discoveries at 1.3 million to 2.4 million cu m of oil equivalent, or 8 million to 15 million...
Read MessageVentura Offshore signed a contract amendment adding the JKNE Upside-1 Dir well to the drilling program for its SSV Catarina semisubmersible in Indonesia. The customers are Searah West Ganal and Searah Ganal Deepwater, both subsidiaries of Searah, the joint venture between Eni and PETRONAS. The well comes on top of the four optional wells already...
Read MessageNorway’s Ocean Industry Authority (Havtil) granted Equinor consent on 24 September to drill exploration well 25/9-5 S in the North Sea using the COSL Innovator semisubmersible. The well will target the Grane prospect in block 25/9. The well lies in production license 1042 in 124 m of water. The Norwegian Offshore Directorate granted Equinor the...
Read MessageWesCan Energy finished drilling its Wescan 105 Provost 15-21-38-3 multilateral horizontal well in east-central Alberta, reaching total depth 13 days after spud. The well has seven horizontal legs totaling 6,159 m, all drilled from a single wellbore in the Rex Member of the Mannville Group. The rig was released on 22 September. The laterals were...
Read MessageEnergy Workforce is urging policymakers to reject a U.S. diesel export ban, warning it could force Gulf Coast refiners to cut production while calling for temporary tariff relief on critical energy components instead.
Read MessageNavitas Petroleum has assumed operatorship of Block 1 CBK offshore South Africa, where the partners have identified more than 3.6 Bbbl of unrisked prospective oil resources and plan two exploration wells.
Read MessageThe remarks came as the Houthis launched a new wave of missile and drone attacks at Saudi targets Friday morning.
Read MessageOxygen Forensics counted numerous U.S. government agencies among its customers but lied for years about who really controlled it, prosecutors allege.
Read MessageOil fell Friday, following a report that U.S. and Iranian negotiators are discussing a phased deal to end the standoff in the Persian Gulf.
Read MessageThe vote came weeks before the midterm elections, where President Donald Trump's fellow Republicans are trying to retain their majorities in Congress.
Read MessageGreenland Energy Company and 80 Mile have extended the deadlines for two Jameson Land exploration wells through 2028 as permitting work advances for the East Greenland drilling program.
Read MessageSubsea Cable Assets has secured its first contract, an approximately $20 million award from Saipem covering cable transportation and handling services for a major offshore energy project in the Caspian region.
Read MessageCRC Evans has opened a 90,000-sq-ft welding and protective coating facility in the UK, doubling its Burnley operations and expanding capabilities for pipeline and deepwater energy projects.
Read MessageSLB has won four three-year contracts from Aramco to provide integrated well construction services for more than 450 oil and gas wells across Saudi Arabia, with options for two-year extensions.
Read MessageThe Norwegian Ocean Industry Authority (Havtil) granted DNO Norge consent for exploration drilling in block 25/7 in the North Sea. The consent covers appraisal well 25/7-15 S and sidetrack 25/7-15 A on the Norma Appraisal prospect. The wells are located in production license 984, which DNO Norge operates. Drilling will be carried out with Odfjell...
Read MessageAramco selected SLB to deliver more than 450 wells across Saudi Arabia under four integrated well construction contracts supporting oil and gas development in the kingdom. Each contract has a three-year term with an option to extend by up to two years. SLB will manage end-to-end well construction services under the awards. Its integrated model...
Read MessageExpro secured a multi-product line contract with an undisclosed Canadian operator to support a life-extension campaign offshore Newfoundland, Canada. The scope covers 14 wells with options for additional wells, and work is expected to begin in Q1 2027. Expro will provide integrated services across its well construction, well flow management and subsea well access product...
Read MessageEni has secured a 100% interest in the deepwater Sapukala exploration block in Indonesia’s Kutei basin, adding acreage near its existing portfolio and the North Hub gas discoveries.
Read MessageBaqaei said that Carney chose to appease Washington by reframing a threat to "annihilate" Iran as merely "speaking the language of war."
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