Offshore Drilling Market to Hit USD 122 Billion by 2032
With global energy security back in focus, the offshore drilling market is experiencing a significant resurgence. No longer seen as a legacy sector, it’s fast becoming a cornerstone of modern energy strategy particularly as deepwater reserves grow in importance and geopolitical pressure heightens the need for stable supply chains. According …
Chinese CNOOC Will Search for Oil and Gas in Mozambique
The Chinese state oil company, specializing in offshore drilling and production, signed concessions with the Mozambique authorities for 5 offshore blocks at once. The Chinese offshore CNOOC signed concession agreements with the authorities of Mozambique for the exploration and production of oil in five offshore blocks with an area of …
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 …
Closure Interview: Yuri Parnivoda, General Director Russia, Drillmec
Please describe your position and role within the company As General Director, I manage the company in accordance with the internal company documents & charter, and of course within the current legislation of the government of the Russian Federation. I oversee all financial and professional activity of the company, with …
TNK-BP STARTS FIRST OFFSHORE DRILLING OPERATIONS ON LAN DO FIELD DEVELOPMENT IN VIETNAM
TNK-BP announced today that the Group has commenced its first offshore drilling operations on the Lan Do field development project offshore Vietnam. The Lan Do 2P well was spud on Saturday 14th January 2012. Lan Do field contains 2 vertical sub-sea wells at a water depth of about 185 meters …