Drilling & production

SFL has announced that it has signed a drilling contract in Canada with a value of approximately US$100 million.

The company’s first deep-water/high pressure thermoplastic composite pipe (TCP) jumper in South America has been successfully installed, commissioned and is up and running for ExxonMobil Guyana at its Liza field.

Chesapeake Energy Corporation has announced that it has executed an agreement to sell its remaining Eagle Ford assets to SilverBow Resources, Inc. for US$700 million.

Nabors has successfully converted all four of its Hess Corporation drilling rigs working in the Bakken to cleaner highline power.

Wood has been awarded a contract extension by Woodside Energy to support ongoing operations of the North West Shelf project in Australia.

Crude pricing could rise further into autumn, but demand growth could slow dramatically next year, according to the International Energy Agency (IEA).

Global has announced that it has been granted approval to proceed with next stage in Namibian basin.

Saipem has been awarded two new contracts, the first by Eni Congo and the other by BP, for a total value of around US$700 million.

The Railroad Commission of Texas issued a total of 772 original drilling permits in July 2023.

Palantir Foundry will help Azule Energy manage their current 200 000 bpd oil production and support their growth goal of 250 000 bpd.

The partners in the Brasse license have agreed a fast-track development concept for the oil and gas discovery, paving the way for detailed design studies to link up with the Brage field. A final investment decision is expected in 2024.

Longboat Energy has announced the commencement of drilling operations on the Velocette (PL1016) exploration well in Norway.

Gas produced during the ramp-up period is estimated to be approximately 1 800 000 cm3 with 100% of this gas sold to BP Gas Marketing under the 18-month supply agreement.

TGS has announced the successful completion of a key project in the North Sea and the start-up of the next project in the same area.

Falcon Oil and gas have announced the spudding of the Shenandoah South 1H well in the Beetaloo Sub-Basin, Northern Territory, Australia.