Drilling & production

The achievement is expected to contribute significantly to Pakistan's energy security.

President-elect Donald Trump has chosen oil and gas industry CEO Chris Wright as his next energy secretary, with Trump seemingly intent on fulfilling his election promise to increase exploration and production.

International energy transition specialists Well-Safe Solutions have been awarded two new contracts totalling US$25 million for approximately 170 days of firm work, using the Well-Safe Protector jack-up and Well-Safe Defender semi-submersible.

Ovintiv Inc. has announced it has entered into a definitive purchase agreement to acquire certain Montney assets from Paramount Resources Ltd. in an all-cash transaction valued at approximately US$2.377 billion.

Equinor has awarded a two-year firm contract to Northern Ocean Wind AS to employ the mobile rig Deepsea Bollsta on the Norwegian continental shelf.

Seatrium Limited delivers its fifth newbuild jackup rig ‘Var’ to Borr Drilling.

According to Rival, these endeavours align with its strategic vision to broaden its global footprint and reinforce its commitment to providing customers downhole drilling technologies and service delivery.

TotalEnergies has announced that the company is enhancing its monitoring and reduction of its methane emissions with the deployment of continuous, real-time detection equipment at all of its operated upstream sites.

Plexus said the order will generate US$1 million in revenue and pave the way for further opportunities in the region.

The US Energy Information Administration has reported that US production of associated natural gas increased 7.9% in 2023 compared with 2022, according to data from Enverus Drillinginfo.

Elemental Energies and Archer announce global P&A well engineering joint venture.

The investment was co-led by Harpoon Ventures and Refactor Capital, with participation from Pathbreaker, BoxGroup, Seraphim, Plug and Play, Impact First and Climate Capital.

CRC Evans wins major contract with COOEC to deliver advanced welding services for Qatar’s Ruya LNG Expansion project.

More than 20 wells plugged and abandoned for North Sea client, engineered in 2023 and executed in 2024.

ADNOC has announced the award of contracts valued at AED720 million ($196.2 million) for local manufacturing of a wide range of products across its value chain. The announcement was made at ADNOC’s Business Partnership Forum which was held on the sidelines of ADIPEC.