News

  • USA Shale Finally Making Money After Blowing US$300 Billion

    Marathon Oil Corporation used to represent everything which was wrong with US shale: enormous debt loads, lavish executive pay and a seeming willingness to spend whatever it took to boost output. The company haemorrhaged money, and the stock plunged 84% from a peak in 2014…

    Read more
  • Shelf to customise jack-up for Chevron assignment offshore Angola

    Chevron subsidiary Cabinda Gulf Oil Company(CABGOC) has contracted the jack-up Shelf Drilling Tenacious for operations offshore Angola.   The contract will likely start next January and includes extension options.   David Mullen, CEO of Shelf Drilling, said: “The rig will be highly customised for Chevron’s operations…

    Read more
  • Federal Judge Orders Biden Admin to Lift Oil Lease Ban

    US Interior Secretary Deb Haaland said on the 16th June that her department was reviewing a federal court’s decision that it must resume auctioning oil and gas leases on federal acreage but did not say when those auctions might restart.   The administration of President…

    Read more
  • Equinor to drill Egyptian Vulture prospect

    Equinor Energy AS has been given consent to drill exploration wells 6407/1-U-1 and 6407/1-1-9 in the Norwegian Sea by the Petroleum Safety Authority Norway (PSA).   The Egyptian Vulture prospect will be drilled in production licence (PL) 939 by the West Hercules semisubmersible drilling rig…

    Read more
  • US$510 million Middle East Contract Goes to Saipem

    A unit of Abu Dhabi National Oil Co. (ADNOC) has awarded Saipem an AE$1.87 billion (US$510 million) contract to expand the capacity of its Shah Sour Gas Plant, ADNOC reported on the 15th June.   Saipem’s receipt of the engineering, procurement, and construction contract from…

    Read more
  • Lundin sells first carbon-neutral oil from Johan Sverdrup

    Oil and gas company Lundin Energy has sold first-ever certified carbon neutrally produced oil from the Johan Sverdrup field offshore Norway.   Lundin said on the 16th June that all its future barrels of oil sold from the Johan Sverdrup field would be certified as…

    Read more
  • TDW performs SmartPlug isolation for gas pipeline offshore Nigeria

    T.D. Williamson (TDW) has completed its first SmartPlug isolation job offshore Nigeria. The company was working for a major operator through its local partner, Strides Energy & Maritime.   According to TDW, isolating the 267-km (165-mile) natural gas pipeline enabled safe change-out and leak testing of platform valves…

    Read more
  • Vestas Secures Enventus Order for 102 MW Project in Finland

    Vestas has received an order to supply EnVentus turbines to the 102 MW Närpiö Norrskogen project, being developed by EPV Energy Ltd in western Finland.   Vestas will supply, install and commission 17 V162-6.0MW turbines at the project, which is located in Närpiö, near Vaasa…

    Read more