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Month: March 2023

Vantage Drilling International reports on 4th quarter and full year 2022

March 25, 2023
| Trending

Vantage Drilling International reported a net loss attributable to controlling interest of approx. $16.4 million, or $1.25 per diluted share, for the three months ended December 31, 2022, based on the weighted average shares outstanding, as compared to a net loss attributable to controlling interest of $23.5 million, or $1.79 per diluted share, for the three months ended December 31,

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Eco Oil and Gas applies for exploration authorization in Orange Basin

March 25, 2023
| Current News

Eco (Atlantic) Oil & Gas, the oil and gas exploration company focused on the offshore Atlantic Margins, and its partners are applying for Environmental Authorisation to undertake exploration activities in Block 3B/4B in the Orange Basin off the Northern Cape/South-West Coast of South Africa.  The Joint Venture Partners have contracted Environmental Impact Management Services ('EIMS') of South Africa to apply for a

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Blackford Dolphin commences drilling contract with GHL

March 25, 2023
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Dolphin Drilling has announced that the Blackford Dolphin has commenced its 12-month drilling contract with General Hydrocarbons Limited (GHL) in Nigeria. After the completion of its recertification for a new five-year period in Las Palmas, Spain, the Blackford Dolphin was towed to Port Harcourt in Nigeria in February 2023. The rig has now commenced its 12-month drilling contract with GHL in Nigeria, in

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Aker BP moving ahead with nine of ten PDO projects

March 25, 2023
| Current News

Aker BP has notified the Norwegian Ministry of Petroleum and Energy that the company has acceded to all the Plans for Development and Operation submitted in December 2022, except from one. The Troldhaugen project in the Edvard Grieg area, which represents around four percent of the net estimated resources in these projects, has been discontinued.  When an offshore field development decision is made in

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Peru exploration potential

March 25, 2023
| Current News

The exploration potential of hydrocarbons in the Northwest of Peru (Tumbes, Talara and Sechura basins) amounts to 344 million barrels of oil and 4.8 TCF of gas, which demonstrates the need to promote exploratory activity for the discovery of new reserves that guarantee the country's energy development, PERUPETRO. PERUPETRO's Technical Resources manager, Asaid Bandach, explained that, to date,

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ABL Group to acquire AGR

March 20, 2023
| Current News

ABL Group has entered into an agreement with a subsidiary of Akastor to acquire 100 percent of the shares in multi-disciplinary engineering consultancy and software company AGR. The acquisition will bolster ABL Group’s offering within well and reservoir consultancy, enhance the group’s position supporting operators’ digitalisation and decarbonisation plans, and expand its opex-driven offshore energy exposure. HIGHLIGHTS Accretive acquisition with strong industrial rationale. Consolidating

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Shelf Drilling North Sea reports on 2022

March 20, 2023
| Current News

Shelf Drilling North Sea has announced results for the fourth quarter and full year of 2022 ending December 31. David Mullen, Chief Executive Officer, commented: 'Following the successful completion in October 2022 of the acquisition of the five high specification harsh environment jack-up rigs, Shelf Drilling North Sea delivered outstanding operating and financial results in our first quarter of

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