The recent announcement by Keir Starmer, the leader of the UK’s Labour Party, that he will ban new oil and gas exploration licences if he gains power at the next election will be viewed as a largely symbolic gesture according to analysts Wood Mackenzie.
Halliburton Company and Nabors Industries has announced an agreement on leading well construction automation solutions.
A discovery in shallow water by TotalEnergies in Nigeria, is the biggest the country has seen in a decade.
Valeura Energy has announced the successful completion of its Nong Yao field infill drilling campaign and recent increases in oil production.
OMV Petrom has discovered new crude oil and natural gas resources in Romania.
CGX Energy has announced they have successfully reached total depth (TD) of 20 450’ on the Wei-1BP1.
Aberdeen drilling school has announced it has acquired IAS International to enhance its training and competency management portfolio for the Middle East market.
A project to expand the Marjan field in Saudi Arabia is expected to increase oil and gas production.
Strohm has been awarded a contract to supply thermoplastic composite pipe jumpers for TotalEnergies' Moho Infill.
Trillion Energy International has announced the spudding of the Alapi-2 natural gas well at the SASB gas field.
Equinor Energy AS, has completed the drilling of wildcat well 31/2-24. The well was drilled about 3 km west of the Troll field in the North Sea and about 115 km Northwest of Bergen.
Rig demand is expected to increase 20% from 2024 – 2025, meaning rates are up 40% from the past year.
Weatherford International has announced it has been awarded a three-year contract with Aramco to deliver drilling services.
Vår Energi and Halliburton are intending to enter into a long-term strategic relationship for drilling services to further improve drilling and well performance.
Aker BP has successfully completed the drilling of the Øst Frigg Beta/Epsilon exploration well in the Yggdrasil area.