Upstream drilling news

The Energy Information Administration (EIA) announced plans to modernise its core short-term forecasting system.

New wave of consolidation is coming for small- and medium- sized US shale producers.

Rex International Holding Ltd, together with its subsidiaries, is pleased to announce that its subsidiary, Jasmine Energy Ltd (JEL), has successfully raised US$25 million in senior secured bonds with a three-year tenor.

New US$27 million EPCI contract with Equinor in the Norwegian North Sea.

Equinor CEO Anders Opedal said the move aligns with expectations of continued global demand for fossil fuels.

This development is part of a sequence of recent achievements in Egypt’s oil and gas exploration activities.

The agreement follows the Framework Agreement signed by the two companies on 17th June 2025 and establishes a new entity that will manage 19 assets: 14 in Indonesia and five in Malaysia - representing significant enterprise value.

On average, the platform’s production exceeded 250 000 bpd throughout the month of October, representing a volume above its nominal capacity of 225 000 bpd.

Odfjell Technology has been awarded a contract to supply fishing services for drilling and workover operations with a major oil and gas company in Kuwait.

WellSense, a specialist in fibre optic well diagnostics, has developed a single-use, jet-propelled and battery powered well conveyance technology, which is able to rapidly deploy bare fibre into highly deviated wells.