Transocean Signs Offshore Drilling Contract at $505,000/day
Offshore drilling contractor Transocean has announced an offshore drilling contract at a bargain price above $500,000/d amid continued demand for high-performance offshore drilling rigs. General Director D. Thigpen spoke about this during the webcast of the April 29 report on Transocean’s profits for the 1st quarter. 2024 Deepwater Asgard contract …
Rystad Energy Forecasts Maximum Investment in Deepwater Projects This Year
Capital spending on new deepwater drilling is forecast to hit a 12-year high next year, according to consultancy Rystad Energy. Once upon a time, the shale revolution somewhat pushed back interest in the development of shelf hydrocarbons. However, recent deep-sea discoveries off Guyana, Namibia and the Gulf Coast are bringing …
Astana and Tatneft May Begin Oil Production Near Tengiz in 2028
KazMunayGas and Tatneft have approved a plan for geological exploration at the Karaton Podsolevoye field next to the Tengiz field, and plan to begin production there by 2028 KazMunayGas plans to begin oil and gas production at the Karaton Podsolevoy site in Kazakhstan, jointly with Tatneft, in 2028. A plan …
Norway Will “Scrape the Bottom of the Barrel” in the North Sea
The first project since the COVID-19 era is being implemented on the Norwegian shelf of the North Sea. A new oil and natural gas field in the North Sea called Bestla will begin to be developed in the first half of 2027. The caveat is that the Bestla project, which …
Petrobras Ceded Its Entire Stake in the Cherne and Bagre Fields in the Campos Basin to Perenco
Brazil’s largest state-controlled oil and gas company, Petróleo Brasileiro SA (Petrobras), said it has signed contracts to cede its entire stake in the shallow-water Cherne and Bagre fields in the Campos Basin to one of the largest independent oil and gas companies, Perenco Petroleo e Gás do Brasil Ltda (Perenco). …
In the Omsk Region They Plan to Increase Gas Production at the Tevriz Field
Restoration work will be carried out in the summer of 2024 at the depleted Tevriz gas condensate field, which supplies gas to three districts in the north of the Omsk region, Alexander Pankratov, director of the Tevrizneftegaz company, told TASS. Thanks to this, it is planned to almost double fuel …
Equinor Is Ready to Begin Drilling Work at the Johan Castberg Field in the Barents Sea
The Norwegian Ocean Industry Authority (Havtil) has granted Equinor permission to drill at the Johan Castberg field in the Barents Sea. Havtil reports. Transocean Enabler Drilling operations will be carried out using a semi-submersible drilling rig (SSDR) Transocean Enabler: built at the South Korean shipyard Daewoo Shipbuilding & Marine Engineering …
ExxonMobil Receives FTC Approval to Acquire Pioneer Natural Resources
American energy company ExxonMobil has received approval from the US Federal Trade Commission (FTC) to acquire Pioneer Natural Resources, an operator of the Permian shale basin, for $64.5 billion. The Federal Trade Commission said it resolved antitrust issues related to the deal by approving the consent decree. At the same …
New Gas Reserves Discovered in the Emirate of Sharjah in the Northern UAE
The Petroleum Council of the northern emirate of the UAE – Sharjah under its government announced the discovery of large new gas reserves in the Al Khadiba field, located north of the Al Sajaa industrial zone in Sharjah, the Emirates News Agency WAM reported. According to him, the new field …
60 Billion Cubic Meters of Gas are Planned to Be Produced in Kazakhstan in 2024
In accordance with the Law of the Republic of Kazakhstan “On Gas and Gas Supply,” the Ministry of Energy of the Republic of Kazakhstan together with JSC NC “QazaqGaz” has formed a forecast gas balance until 2030. This was reported by the Kazinform agency with reference to the press service …