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Schlumberger signals improving international drilling activity

April 23, 2021
| Archives

International oil activity should ramp up through the end of this year and beyond, Schlumberger NV top boss Olivier Le Peuch said on Friday, a shift that will help the company grow revenue outside North America by double-digits in the second half of the year. The oilfield services provider, which has been selling assets in North America, said

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Maersk Discoverer awarded more work offshore Guyana

April 22, 2021
| Archives

Maersk Drilling has been awarded a one-well contract by CGX Resources Inc., operator and joint venture partner with Frontera Energy Guyana Corp, for the semi-submersible rig Maersk Discoverer to perform exploration drilling in the Corentyne Block offshore Guyana. The contract has an estimated duration of 75-85 days and is expected to commence in third quarter 2021, in

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Azinam Acquires 50% Stake in Block 2B Offshore South Africa

April 22, 2021
| Archives

Oil exploration company Azinam South Africa has acquired a 50% operating interest in Block 2B, offshore South Africa. As the operator of the block, Azinam – together with its partners African Energy Corp, Panoro Energy and Crown Energy – will drill a well targeting 349 million barrels of oil (mmbbl), near the A-J1 oil discovery. “With A-J1 having flowed

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CGG and dCarbonX Sign Strategic Agreement for Decarbonization Exploration

April 22, 2021
| Archives

CGG has signed a strategic agreement to support dCarbonX in the subsurface assessment of its operated clean energy projects offshore Ireland and the UK (which include geothermal energy and storage sites for CO2, hydrogen and ammonia). Such projects are critical in the ongoing energy transition from fossil fuels to renewable energy systems. CGG brings its integrated geoscience solutions

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Petrobras awards TechnipFMC with significant subsea contract

April 21, 2021
| Archives

TechnipFMC announced that it has been awarded a significant(1) subsea contract from Petrobras for the Marlim and Voador fields, located offshore Brazil. TechnipFMC will supply up to eight manifolds for production and injection, utilizing the all-electric Robotic Valve Controller (RVC). The contract also includes associated tools, spares and services. The RVC is a unique robotic technology that replaces traditional subsea

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ONGC says 3 employees kidnapped in eastern Assam

April 21, 2021
| Archives

India's top oil producer Oil and Natural Gas Corp Ltd said three of its employees were kidnapped by gunmen from a rig site in the eastern Assam state on Wednesday. The employees were kidnapped in a company-owned vehicle from the state-run firm's Lakwa field in Assam's Sivasagar District, where the exploration company has been operating for nearly six

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Invictus awards new Zimbabwe seismic work to Polaris

April 21, 2021
| Archives

Invictus, following the recent signing of the PEDPA with the Republic of Zimbabwe, has awarded Polaris Natural Resources Inc, Canada’s longest standing seismic company to provide acquisition services for its first 2D seismic program in the Cabora Bassa Basin. Polaris has conducted over 1,000 seismic projects since 1996 and introduced the first ‘low impact seismic crew’ into

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Maersk awarded exploration contract for the Integrator

April 21, 2021
| Archives

Maersk Drilling has secured an additional one-well contract for the low-emission rig Maersk Integrator with Aker BP. In direct continuation of the rig’s previously announced work scope, Maersk Integrator will drill an exploration well for Aker BP offshore Norway. The contract is expected to commence in December 2021, with an estimated duration of 36 days. The firm

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Nigeria to kick off 100 Oil & Gas projects between 2021 and 2025

April 20, 2021
| Archives

As sub-Saharan Africa’s leading oil producer, Nigeria is expected to commence operations on 100 oil and gas projects between 2021 and 2025. According to data from analytics company, GlobalData, this will account for 23% of total oil and gas projects starting in Africa within the next five years.  Of these 100 projects, petrochemicals will account for the largest individual share

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Eni looks at oil spin-offs to tackle debt in energy transition

April 20, 2021
| Archives

Italy’s Eni is considering spinning off oil and gas operations in West Africa and the Middle East into new joint ventures to help reduce debt and fund its shift to low-carbon energy, according to company and industry sources. The move is part of a major overhaul the company launched last year as it transitions into renewables and a

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