The now restructured and debt-relieved offshore drilling contractor Valaris has been awarded sixteen new contracts and extensions with more than a dozen different oil and gas companies.
Masirah Oil has completed drilling three exploration prospects that were located near to the Yumna offshore field, located in the Arabian Sea.
Robots could replace hundreds of thousands of oil and gas jobs and save billions in drilling costs by 2030, according to a report by Rystad Energy.
Offshore drilling contractor Shelf Drilling has secured a contract extension for one of its jack-up drilling rigs for operations in Egypt.
After a challenging 2020, oil and gas demand recovery – supported by vaccinations and OPEC+ cuts – is proving good for drilling activity, Rystad said.
Saipem has received from Qatargas a letter of award worth over $1 billion related to the North Field Production Sustainability Pipelines Project.
Vaccination hiccups could prevent the recovery of up to 1 million bpd of oil demand in 2021, Norwegian energy intelligence company Rystad Energy has said.
Oil and gas company Masirah Oil has completed the upgrade of the Yumna field process facilities located in Block 50 offshore Oman.
Noble Corporation has won several new contracts for its fleet of drilling rigs, which will see three of its units come back from the warm-stack mode.
OPEC and allies on Thursday decided to extend oil production cuts into April 2021, while offering small exemptions to Russia and Kazakhstan.
Offshore project commitments are set to reach a new record in the five-year period towards 2025, a Rystad Energy report says.
Oil and gas company Masirah Oil has spudded the Zakhera 1 well, located offshore Oman, using the Shelf Drilling-owned Tenacious jack-up rig.
Saipem has received a Letter of Award from Qatargas for the development of the North Field Production Sustainability Offshore Project, located off Qatar.
Oil and gas company Masirah Oil has started production from the third development well drilled in the Yumna field located in Block 50 offshore Oman.
