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Shell kicking off work in Campos Basin with West Tellus mid-October

October 4, 2021
| Archives

Shell will start, by mid-October, a new intervention campaign at Parque das Conchas. The West Tellus drillship, from Seadrill, is already sailing to the Campos Basin, with arrival scheduled for the weekend. In addition to the intervention program, Shell’s new campaign will include the drilling of two wells, one infill in BC-10 and the other exploratory in C-M-791,

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SPIE awarded multi-year contract with Chevron Australia

October 4, 2021
| Archives

PIE Oil & Gas Services, a subsidiary of SPIE, has been awarded a contract from Chevron Australia Pty Ltd to provide Process Automation Systems (PAS) integration services for its subsea gas compression system for the Jansz-Io field, offshore Western Australia. The Jansz-Io gas field is located around 200 kilometers off the north-western coast of Western Australia, at water

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Petrofac fined $105 million

October 4, 2021
| Archives

British oil services company Petrofac was fined 77 million pounds ($105 million) on Monday and a former executive received a two-year suspended sentence after both pleaded guilty to bribery in Iraq, Saudi Arabia and the United Arab Emirates. The penalty from Southwark Crown Court in London is less than the $240 million the company had said it might

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International Rig Count up 87 units from last year

October 3, 2021
| International Rig Count

Baker Hughes issued their international rig count data, here is the breakdown: The international rig count for September is 787, up 10 units from the count in August and up 87 units from the 702 counted in September 2020. Latin America is up 2 units to a total of 140 from the August count of 138 units and up 57 units year-over-year. The Asia-Pacific region is

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COSL awarded work for the Pioneer

October 3, 2021
| Archives

COSL Drilling Europe has been awarded a contract for wells operations on the Abigail Well and the Captain phase II Subsea Development in the central North Sea on the UK Continental Shelf (UKCS).   COSL Drilling Europe will be utilizing its modern, 6th Generation Harsh Environment Semi-Submersible drilling unit, the COSLPioneer for this contract which is currently being mobilized

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Velesto awarded new work from Petronas

October 3, 2021
| Archives

The Board of Directors of Velesto Energy Berhad (“VEB”) is pleased to announce that Velesto Drilling Sdn Bhd (“VED”) has received a Letter of Award from PETRONAS Carigali Sdn. Bhd. (“PCSB”), for the provision of jack-up drilling rig services The Contract is for the provision of services of jack-up rig, namely NAGA 2, with an estimated Contract value

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Subsea 7 awarded major contract over $750 million

October 3, 2021
| Archives

Subsea 7 announced the award of a major (1) contract that will be recorded in the backlog of the Subsea and Conventional business unit in the third quarter. The award extends the engineering, project management and procurement scope of the contract announced on 12 March 2021. The scope of work includes the provision and installation of infield flowlines, control

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ADNOC shares jump 30% as trading starts

October 3, 2021
| Archives

ADNOC Drilling shares jumped more than 30% as the unit of Abu Dhabi oil giant ADNOC started trading on Sunday after its $1.1 billion initial public offering (IPO), the largest ever on the Abu Dhabi stock market. ADNOC Drilling, whose share offering attracted more than $34 billion in demand, is expected to be among the 10 largest companies

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PetroFunders fintech platform launched

September 30, 2021
| Archives

PetroFunders, a fintech-powered investment platform providing access to oil and gas income, today announced the official launch of its platform and the offering of its first royalty interest fund (RIF I), a yield-oriented fund vehicle designed to deliver periodic income to investors through investment in oil and gas royalties. PetroFunders is the first of its kind to

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