Oil & gas news

Preliminary results indicate that the Hibiscus North field could be incorporated into future development planning with a possible tie back to the Hibiscus Ruche development but with reserves below the lower end of the pre-drill resource estimate of potential 10 to 40 million barrels of oil.

Offering and price range are expected on 13 September, and the final offer price will be set on 27 September.

The company will provide nitrogen and leak testing for an E&P operator in the Gulf of Mexico.

Resources for the Bergknapp oil discovery are estimated at 40 - 84 million boe after appraisal.

Bourbon will support exploration campaigns offshore Namibia and Sao Tomé.

Part of the campaign involved the heaviest and largest jacket launch in Vietnam at 372 ft (113.4 m) water depth.

Several riser joints and the lower marine riser package separated from the Noble Globetrotter II ultra-deepwater drill ship during the storm and sank to the seabed.

At the early phase of assessment and recovery, approximately 80% of Shell-operated production in the Gulf of Mexico remains offline.

A programme of brownfield modifications, maintenance and inspection activities will be supported by Bibby Marine’s WaveMaster 1 vessel, reducing time, costs and environmental impacts.

Demand for land rigs is estimated to return to pre-pandemic (2019) levels by 2025, according to analysis by Westwood Global Energy Group.