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SLB acquires Gyrodata

October 29, 2022
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SLB has entered into an agreement to acquire Gyrodata Incorporated, a global company specializing in gyroscopic wellbore positioning and survey technology. The transaction will integrate Gyrodata’s wellbore placement and surveying technologies within SLB’s Well Construction business, bringing customers innovative drilling solutions. This combination will improve wellbore quality and reduce drilling risk to unlock even the most remote and complex reservoirs.

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Exxon adds two new discoveries to Guyana

October 29, 2022
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ExxonMobil has announced two discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, adding to its extensive portfolio of development opportunities. ExxonMobil has made more than 30 discoveries on the block since 2015, and it has ramped up offshore development and production at a pace that far exceeds the industry average. 'Our unrivaled exploration success and accelerated pace of development

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DOF announces more work in Brazil, West Africa and the North Sea

October 29, 2022
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The DOF Group announced extension of a contract in Brazil and new contracts in West-Africa and in the North Sea. Petrobras has awarded an extension of the Skandi Amazonas contract with Norskan Offshore Ltda until March 2023. Skandi Amazonas is a 21.000 class Brazilian flagged AHTS vessel. DOF Subsea has have been awarded a contract to support a FPU

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Weatherford bags long term contracts with Aramco and PDO

October 29, 2022
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Weatherford International plc announced it has been awarded a three-year, lump-sum turnkey (LSTK) contract with Saudi Aramco (“Aramco”) to deliver drilling and intervention services. As part of this contract, the Weatherford Integrated Services and Projects (ISP) team will plan and execute all aspects of the operations, including Weatherford product lines and associated services, to deliver 45 wells per

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COSL lands long term contracts in the middle east

October 29, 2022
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China Oilfield Services Limited has made a major breakthrough in overseas markets. The Company has signed several long-term drilling rig service contracts with a first-class international oil company in the Middle East, with a total contract amount of approximately RMB14 billion. This indicates a new stage of deepening cooperation between the Company and international oil companies in

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Schlumberger Rebrands

October 29, 2022
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Schlumberger has announced its new name - SLB - underscoring the company’s vision for a decarbonized energy future and affirming its transformation from the world’s largest oilfield services company to a global technology company focused on driving energy innovation for a balanced planet. Beginning today, the legacy Schlumberger brand and nearly all of its affiliated brands will become one under

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Seadrill splitting up with Paratus Energy in Mexico

October 23, 2022
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Seadrill has announced that it has entered into binding Share Purchase Agreements ('SPAs') under which it will sell its entire 35% shareholding in Paratus Energy Services (formerly Seadrill New Finance) and certain other interests.  Paratus Energy Services is the entity through which investments in SeaMex Group, Seabras Sapura and Archer Ltd are held. Paratus is the owner of the SeaMex Group, an offshore drilling company that

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DOF brings in two new 3 year contracts in Guyana

October 23, 2022
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DOF Subsea has announced the award of a 3-year contract for two vessels with Esso Exploration & Production Guyana. Under the agreement, DOF Subsea will perform IMR, well intervention support, and light subsea construction activities to support the growing subsea infrastructures in the Stabroek Block offshore Guyana.  Two Multipurpose Support Construction Vessels with 250-ton AHC crane and 2 work class ROV

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ADNOC drills new world record well

October 23, 2022
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Abu Dhabi National Oil Company (ADNOC) has announced that a new world record for the longest oil and gas well has been set at its Upper Zakum Concession.  Stretching 50,000 feet, the well is around 800 feet longer than the previous world record set in 2017 and supports ADNOC’s efforts to expand production capacity of its lower carbon oil and gas resources

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5 Borr jack-ups awarded new 3 year contracts in Mexico

October 20, 2022
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Borr Drilling Limited announced that its joint venture company in Mexico (Perfomex) has entered into new contracts for the Company’s five premium jack-up rigs “Galar”, “Gersemi”, “Grid”, “Njord” and “Odin” with OPEX Perforadora S.A. de C.V. and Perforadora Profesional Akal I S.A. de C.V, providers of integrated well services to Pemex.  The contracts are effective from October 20, 2022 and will maintain all five rigs contracted until December 31, 2025 for a combined contract value of $715

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