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Month: February 2022

Neptune spuds in Hamlet

February 28, 2022
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Neptune Energy and partners have commenced drilling at the Hamlet exploration well in the Norwegian sector of the North Sea. The well (35/9-16S) is being drilled by the Deepsea Yantai, a semi-submersible rig, owned by CIMC and operated by Odfjell Drilling. The Hamlet prospect is located 7 km north of the Gjøa field within the Neptune-operated PL153 Licence. Neptune Energy’s Director of Subsurface

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JDC awarded work with Medco

February 28, 2022
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Japan Drilling Co., Ltd. (JDC) is pleased to announce that its subsidiary company "PT. Japan Drilling Indonesia" has entered into a drilling contract commencing around July - August 2022 with Medco E&P Natuna Ltd. for the provision of a jack-up drilling rig "HAKURYU-11". Source: JDC Join our mailing list here

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Oil majors Equinor, Shell and BP start to exit Russia

February 28, 2022
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Oil majors such as Equinor, Shell and BP start to exit Russia removing interests over the attacks against Ukraine  Equinor’s Exit Equinor has decided to stop new investments into Russia, and to start the process of exiting Equinor’s Russian Joint Ventures. 'We are all deeply troubled by the invasion of Ukraine, which represents a terrible setback for the world, and we

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Seth Berry – U.S. natural gas production forecasts show growth through 2023

February 24, 2022
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The Energy Information Agency’s (EIA) recent Short-Term Energy Outlook shows a positive future for U.S. natural gas production over the next two years. The government agency forecasts production reaching record highs of 106.6 Bcf/d by 2023 supporting an average price of $3.60/MMBtu with the lion’s share of growth tied to new wells in the Permian, Appalachian, and

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Flying A Services, training the world’s professionals

February 24, 2022
| Business Spotlight

With the recovery of the oil and gas industry in full swing it is time to catch up on some training. We would like to introduce Flying A Services managed by industry professionals and courses are available for booking right now. TRAINING Flying A Services LLC currently offer the following face to face courses: - Introduction to Well Ops – 5

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TotalEnergies announce significant find offshore Namibia

February 24, 2022
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TotalEnergies has made a significant discovery of light oil with associated gas on the Venus prospect, located in block 2913B in the Orange Basin, offshore southern Namibia.  The Venus 1-X well encountered approx. 84 meters of net oil pay in a good quality Lower Cretaceous reservoir.  'This discovery offshore Namibia and the very promising initial results prove the potential of this play in the Orange

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Velesto awarded work with ExxonMobil

February 24, 2022
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Velesto Energy announced that it has received a Letter of Award from ExxonMobil Exploration and Production Malaysia Inc. for provision of one (1) hydraulic workover unit and services for EMEPMI (“Contract”). The duration of the Contract is one (1) year commencing from Q3-2022 until completion of EMEPMI’s selected wells program.  The value of this enabling contract with

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Odfjell publishes Q4 report, backlog sits at USD $2.3 billion

February 24, 2022
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Odfjell Drilling published their Q4 report and below are the highlights Operating revenue of USD 222 million compared to USD 355 million in Q4 2020. EBITDA of USD 85 million compared to USD 171 million in Q4 2020. EBITDA margin of 38% compared to an EBITDA margin of 48% in Q4 2020. The Group’s contract backlog is USD

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Transocean lines another rig up for Petrobras

February 23, 2022
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Transocean to sign a new charter contract with Petrobras. The company took the lead in the oil company’s new request for quotation aimed at the international bid to carry out a drilling campaign in the Tayrona area, located offshore Colombia. According to PetróleoHoje, the two companies have already settled most of the commercial terms. The conclusion of the

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