Drilling & production

This growth will enhance Fortress’ ability to serve key basins with increased efficiency and responsiveness.

Twinza Oil have announced that they have obtained all internal approvals and executed a series of binding agreements for MRDC to take an up to 50% participating interest in the Pasca A Development Project and for the companies to cooperate in the acquisition and development of other oil and gas assets in Papua New Guinea.

The award marks the organisation’s first installation on a jack-up rig in the region as it looks to bolster its presence in the market.

The company has won a tender for the newbuild supply of floating production storage and offloading vessels (FPSO) platforms P-84 and P-85.

India’s Oil and Natural Gas Corporation Limited (ONGC) has moved a record-high 45 drilling rigs to new locations ahead of the Indian monsoon season.

The award leverages an existing long-term contract for the execution of the second stage of Phase 3 for Equinor’s Troll project in the North Sea, offshore Norway.

Prior to his appointment as Chair, Paul was Ipieca’s Vice Chair for two years and has previously served as Chair of Ipieca’s Reporting Working Group.

The company has announced that the Ministry of Energy in Tanzania has granted a 25-year development licence over the Ntorya gas discovery area to the Ruvuma joint venture.

This study was undertaken on behalf of Union Jack and Reabold Resources plc, by GaffneyCline & Associates Limited, an international petroleum and energy consultancy.

The company and the Troll partners have decided to invest just over NOK 12 billion to further develop the gas infrastructure in the Troll West gas province.

Guyana, situated on South America's northern coast neighbouring Venezuela, Suriname, and Brazil, has emerged as a significant contributor to growth in the global supply of crude oil.

The company’s analysis foresees this new combined operation focusing first on integration, but constantly looking for new inorganic growth opportunities in the country or even internationally.

The company worked in partnership with another contractor to mitigate the need for 4340 m3 of crude oil sludge to be tankered to incineration, achieve a significant cost saving and recover 1280 m3 of usable oil.

The Wyoming Gas Injection Initiative (WGII) is set to launch to enhance oil well productivity and recovery from existing fields and wells in Wyoming.

Patterson-UTI energy has announced that its subsidiary, Patterson-UTI International Holdings, Inc., has signed a non-binding term sheet with ADNOC Drilling.