News

  • US$1B+ Egypt Contract Goes to TechnipFMC

    TechnipFMC has reported that it has signed an engineering, procurement and construction (EPC) contract worth more than US$1 billion with Assiut National Oil Processing Company (ANOPC) for a new hydrocracking complex in Egypt.   In a written statement emailed to Rigzone, TechnipFMC stated the EPC…

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  • Oil Sands Explorers Restoring Production

    At least 20% of shut-in Canadian production is being restored, just months after the price crash forced producers in Alberta’s oil sands to slash up to one million barrels a day of output.   Cenovus Energy Inc, Husky Energy Inc and Baytex Energy Corporation are among companies…

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  • ABS remote survey certifies steel for Lamprell rigs

    The American Bureau of Shipping (ABS) has conducted a remote survey for steel certification at a steel mill to enable work on two Lamprell’s self-elevating drilling rigs.   ABS said on the 7th July that the survey, which it described as “pioneering”, enabled work to…

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  • Total to spud Luiperd-1 in Block 11B/12B, offshore South Africa

    Total SA and partners will begin a multi-well drilling programme on Block 11B/12B in September with spud of Luiperd-1.   The Odfjell Deepsea Stavanger semisubmersible rig has departed Bergin, Norway, for South Africa to perform the drilling, partner Africa Energy Corporation said on the 2nd…

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  • Eni Says Pandemic is Reshaping Oil Industry

    Eni SpA became the latest oil company to cut its long-term price assumptions, saying the coronavirus pandemic would have a lasting impact on the industry.   Eni now sees benchmark Brent crude at US$60 a barrel in 2023 real terms, down from a previous estimate…

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  • Woodside getting ready for exploration well offshore Australia

    Woodside is preparing to drill an exploration well offshore Australia and its environment plan for the Gemtree-A well is now under assessment with the Australian regulator.   Woodside submitted its plan to drill a single exploration well, named Gemtree-A, within Permit Area WA-49-L in late…

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  • Tethys Oil signs new exploration block onshore Oman

    Tethys Oil has announced that the Government of the Sultanate of Oman and Tethys Oil have entered into an Exploration and Production Sharing Agreement (EPSA) for Block 58 onshore Oman.   The block is located in the southern part of the Sultanate adjacent to Tethys…

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