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Month: March 2023

Eni announces a new discovery offshore Mexico

March 20, 2023
| Current News

Eni has announced a new discovery on the Yatzil exploration prospect in Block 7, located in the mid-deep water of the Cuenca Salina in the Sureste Basin, offshore Mexico. According to preliminary estimates, the new finding may contain around 200 million barrels of oil (MBoe) in place. Yatzil-1 EXP is the second commitment well of Block 7 and the eight successful one drilled by

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JX Nippon Oil & Gas Exploration acquires Japan Drilling Co

March 20, 2023
| Current News

JX Nippon Oil & Gas Exploration has reached an agreement with the funds related to Aspirant Group Inc. to acquire the entire issued shares of Japan Drilling Co. JX Nippon aims to complete the acquisition around the end of April of this year. Upon completion of the acquisition, JDC will become a consolidated subsidiary of JX Nippon. Japan Drilling Co is the only company in

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DOF Subsea awarded new contract for the Skandi Gamma

March 20, 2023
| Current News

The DOF Group has announced a new four-year firm contract for the PSV Skandi Gamma with current client Ithaca Energy (UK). The award, which also includes 2 x 1-year options, will commence in direct continuation of the current contract on 1st May 2023. The vessel has been working on the UKCS for London listed Ithaca Energy since May 2021 and the DOF

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Offshore oil & gas set for growth with 214 bln USD of investments in the pipeline

March 20, 2023
| Current News

With more than $200 billion of greenfield investments expected by 2025, the offshore oil and gas sector is expected to get back in the spotlight, according to Rystad Energy, an energy market intelligence group. Rystad Energy’s research shows that annual greenfield capital expenditure (capex) broke the $100 billion threshold in 2022 and will break it again in 2023, which

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Valaris announce contract awards and updated guidance

March 9, 2023
| Archives

Valaris Limited announced new contracts awarded subsequent to issuing the Company’s most recent fleet status report on February 21, 2023. Three-year contract with Petrobras for drillship VALARIS DS-8. The rig will be reactivated for this contract. The total contract value is approximately $500 million, including a $30 million mobilization fee. 100-day contract with a TotalEnergies affiliate for drillship VALARIS

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West Neptune extends contract with LLOG

March 9, 2023
| Archives

Seadrill Limited announced that the West Neptune has executed approximately six months of term extensions with LLOG Exploration Offshore, L.L.C in the US Gulf of Mexico. The extensions will commence in direct continuation of the existing term, and will keep the rig busy until Q3 2024, furthering Seadrill and LLOG’s long-term association. Total contract value for the extension

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Dolphin adds more work to the Blackford semi offshore Nigeria

March 9, 2023
| Archives

Semisub rig owner Dolphin Drilling has inked a new contract with Peak Petroleum in Nigeria for its 1974-built Blackford Dolphin. The firm contract, which follows the letter of award in January, gives the Euronext Growth-listed owner of three rigs the potential to extend the unit’s backlog by a minimum of 120 days and up to 485 days. The deal adds

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Shell announces new discovery offshore Namibia

March 9, 2023
| Archives

Shell and state-owned QatarEnergy (QE) have made a new oil discovery at a deepwater exploration well around 270km offshore Namibia, the country's third in just over a year. The "light oil" discovery in the PEL-39 licence in the Orange Basin offshore southern Namibia was announced by QE, which holds a 45pc non-operating interest in the block, and Namibia's

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