Oil & gas news

Global Market Analysis, Director Claudio Galimberti, Rystad Energy, provides an oil macro update after prices were seen to take a hit.

CNOOC and 80883 (RMB Counter) has announced that it has achieved a high yield well in Beibu Gulf, which produces over 1000 m3/d of oil.

VPI, has awarded Worley an engineering services agreement (ESA) to support the Humber Zero Carbon Capture project.

The company has secured a total of 11 new contracts since July 2023, delivering subsurface insights to companies in the geothermal, CCUS, oil and gas, mining, and water exploration sectors.

Deltic Energy has announced that the Valaris 123 drilling unit has been mobilised and is on route to the Selene well location.

Valaris has announced that it has been awarded a multi-year contract with Equinor Energy do Brasil Ltda., a subsidiary of Equinor, for drillship VALARIS DS-17.

Seatrium has announced that it has secured a series of repairs and upgrades contracts with an aggregate value of US$180 million from their partners.

QatarEnergy has signed an agreement with Chevron to acquire a 20% working interest in a production sharing contract for block 5 offshore Suriname.

Parkmead has announced that further to the provisional award of three blocks as part of the 33rd UK offshore licensing round, the P2634 licence has now been formally awarded to Parkmead by the UK Government’s North Sea Transition Authority (NSTA).

TechnipFMC has been awarded a large integrated engineering, procurement, construction, and installation (iEPCI™) contract by Energean for its Katlan development in the Mediterranean Sea.