Drilling & production

Seatrium has announced the successful delivery of its fourth jackup rig, named ‘Vali’, to Borr Drilling, about a year ahead of its planned delivery next year.

Pantheon Resources has announced that it has executed a rig contract to secure the use of the Nabors 105AC rig to drill the Megrez-1 well in Q424.

Arrow Energy, an incorporated joint venture between Shell (50%) and PetroChina (50%), has announced plans to develop Phase 2 of Arrow Energy’s Surat gas project in Queensland, Australia.

Buru Energy has announced that it has executed a letter of intent with Silver City Drilling (SCD) for the provision of Rig 24 to conduct the planned two well drilling campaign in the onshore Canning Basin of Western Australia.

CNOOC has announced that Chinese governmental authorities have approved the proved gas in-place of Lingshui 36-1 gas field, which stands at over 100 billion m3. It is the first large-size ultra-shallow gas field in ultra-deep water in the world, which opens up a new area of exploration in deep waters.

Under this contract, SBM Offshore will construct and thereafter lease a Floating Storage and Offloading (FSO) unit to Woodside for a period of 20 years.

The acquisition of GETEC ENERGIE GmbH will accelerate the growth of BP’s European gas and power presence, as well as providing opportunities to grow integrated lower carbon energy solutions for C&I energy customers in Germany and elsewhere in Europe.

The company has completed the reprocessing of a 2D seismic survey in Indonesia’s Sumatra basin, tying key discoveries in the region to open acreage.

Kent has announced it has been awarded a global three-year enterprise framework agreement (EFA) by Shell to provide commissioning and start-up services (CSU) across various onshore and offshore projects.

The company has announced the appointment of James Griffin, who has joined the business in the role of Regional Manager, overseeing sales and operations for the company’s Europe and West Africa business unit.

This project will cover over 1800 km of new 2D seismic data across the southeastern part of the basin, using a 12 km long offset streamer.

The UK government’s announcement of further changes to the Energy Profits Levy (EPL), a windfall tax aimed at oil and gas companies operating in the North Sea, could paralyse upstream investment for the duration of this parliament if implemented in the October budget according to new research by Wood Mackenzie.

bp has taken a final investment decision on the Kaskida project in the US Gulf of Mexico. This demonstrates bp’s long-term commitment to deliver secure, affordable and reliable energy.

After peaking in 2023, Lower 48 well costs are expected to decline 10% in 2024 and 1% in 2025, according to a recent report from Wood Mackenzie.

The project work scope covers the engineering, procurement, construction and installation of the subsea pipelines (SURF) and production systems (SPS).