Drilling & production

Masirah Oil Ltd has announced that its multi-well programme in the offshore Yumna Field in Block 50 Oman, had been completed ahead of the 90-day schedule and below budget.

This is the first well in production licence 1170, which was awarded in 2022 (APA 2021). The well was drilled by the Scarabeo 8 rig.

Following the transaction, Eni's holding in Saipem has been reduced to approximately 21.19%.

PETRONAS, through Malaysia Petroleum Management (MPM) has awarded a late life asset production sharing contract (LLA PSC) for Banang field, located offshore Peninsular Malaysia to Petra Energy Development Sdn. Bhd. (PEDSB), a wholly owned subsidiary of Petra Energy Berhad.

Triangle Energy Global has advised that preparatory works by the L7 Joint Venture with Strike Energy and New Zealand Oil and Gas to drill the Booth-1 well in the North Perth Basin are nearing completion and all regulatory approvals have been received.

The FPSO Léopold Sédar Senghor deployed at the field was constructed by MODEC and acquired under an FPSO purchase contract by Woodside Energy (Senegal) B.V., as operator of the Sangomar Field Development Phase 1.

The company will provide front-end engineering design (FEED), detailed design, procurement support, and construction and commissioning assistance for the first phase of the Associated Gas Upstream Project.

The company has achieved first oil from the Sangomar field offshore Senegal, marking the safe delivery of the country’s first offshore oil project.

The decline in the price of prompt Brent can be attributed to apprehensions regarding the demand for gasoline and diesel triggered refinery run cuts, according to Rystad Energy.

The company has completed the front-end engineering and design (FEED) scope for the first phase of Aramco’s Accelerated Carbon Capture and Sequestration (ACCS) project in Saudi Arabia, expected to be the world’s largest carbon capture and sequestration (CCS) hub, upon completion.

Shelf Drilling has announced that it has secured a 15-month award for the Shelf Drilling Tenacious jack-up rig for drilling operations offshore West Africa.

The companies have announced that they have entered into a definitive merger agreement under which Noble will acquire Diamond in a stock plus cash transaction.

Zephyr Energy has provided an update on drilling operations on the State 36-2R LNW-CC well at the Company's flagship project in the Paradox Basin, Utah, U.S.

In a move which navigates the transitioning landscape of the offshore energy sector, CONSUB has announced a strategic restructuring plan to divide its operations into three distinct pillars – oil and gas, decommissioning and renewables.

PTSC Mechanical & Construction has signed an EPCIC contract for its first major project with Murphy Cuu Long Bac Oil Co, Ltd. (MCB) for the Lac Da Vang Oil Field Development, offshore Vietnam.