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Author: Admin

ONGC grabs 7 blocks with 33 billion barrel potential

January 3, 2020
| Archives

The seven blocks are spread over three sedimentary basins with resource potential of approximately 33 billion barrels of oil and oil equivalents of gas. The government on Thursday awarded Oil and Natural Gas Corporation (ONGC) all seven oil and gas blocks that were on offer in the fourth round of Open Acreage Licensing Policy (OALP), said Union Petroleum Minister Dharmendra

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Myanmar to develop offshore gas with Total, and Woodside

January 2, 2020
| Archives

The state-run Myanmar Oil and Gas Enterprise signed agreements for gas production Monday with a joint venture that includes domestic company MPRL E&P Co., Woodside Energy from Australia and French energy giant Total. The agreements cover production at offshore gas block A-6, which is located some 80 km west of Pathein Township in Ayeyarwady Region and has good

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Noble Energy announces first gas from the Leviathan field offshore Israel

January 2, 2020
| Archives

  Noble Energy, Inc. announced the commencement of natural gas production from the Leviathan field, the largest natural gas field in the Eastern Mediterranean. David L. Stover, Noble Energy’s Chairman and Chief Executive Officer, stated, “This is a historic day for Noble Energy. The safe and successful execution of the initial phase of Leviathan development has been world-class, continuing

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Special Article: When The Lights Go Out

January 2, 2020
| Archives

We are all aware of what comes at us when a rig loses power and also what it takes to get it back up and running but the less frequent it gets these days I think we should pass on our stories, after all stories are what makes us curious and interested. I want to share one in particular when the

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Egypt awards oil and gas exploration concessions in Red Sea

January 1, 2020
| Archives

Egypt said that it has awarded oil and gas exploration concessions in the Red Sea to Chevron, Royal Dutch Shell and Mubadala in an international tender. Chevron was awarded the first block, Shell a second block, and a third block was awarded jointly to Shell and Mubadala with a total exploration area of around 10,000 square km (3,860

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Seadrill gets 3 year extensions for AOD II and AOD III

January 1, 2020
| Archives

Seadrill Limited has secured a three year contract  for each of the AOD II and AOD III in the Middle East, in direct continuation of their current contracts. Total contract value is expected to be approximately $98 million and $101 million respectively. Source: Seadrill Photo used for illustration purposes only Check out our other current stories! Exxon grabs up 1.7

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Exxon grabs up 1.7 million acres offshore Egypt for exploration

January 1, 2020
| Archives

ExxonMobil has secured more than 1.7 million acres for exploration offshore Egypt. “These awards strengthen our exploration portfolio in the Eastern Mediterranean,†said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. “We look forward to working with the government and deploying our proven expertise and advanced technology.†The acquisition includes acreage in the 1.2 million North

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Popular News – Top 5 from this past week!

December 30, 2019
| Weekly Rundown

Hope everyone had a Merry Christmas, this past week we had 3.2k page views this past week and the top 5 grabbed up 1.8k of them, below are our top 5 articles for the week of Dec 23 – Dec 29! # 1 with 796 views Saipem marks up new contracts and extensions value at approximately 1.7 billion USD #2

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Saipem marks up new contracts and extensions value at approximately 1.7 billion USD

December 27, 2019
| Archives

Saipem has been awarded new contracts and extensions on existing contracts in Onshore Drilling and Offshore Drilling for an overall amount of approximately 1.7 billion USD. The contracts related to the Onshore Drilling Division encompass 19 land-rigs located in Middle East, with power between 1500 and 2000 HP, and their duration range from three up to ten years.

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North America Rig Count: Canada drops 50 units while the U.S. downs 8

December 27, 2019
| Weekly Rig Count

Baker Hughes Rig Count: U.S. -8 to 805 rigs U.S. Rig Count is down 8 rigs from last week to 805, with oil rigs down 8 to 677, gas rigs unchanged at 125, and miscellaneous rigs unchanged at 3. U.S. Rig Count is down 278 rigs from last year’s count of 1,083, with oil rigs down 208, gas rigs

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