Oil rig news

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.

Archer has secured a US$165 million Repsol Sinopec contract for P&A decommissioning in the Fulmar field and the Halley field.

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

Odfjell drilling has announced the signing of two rig contracts and a strategic collaboration agreement with Equinor for operations in the North Sea.

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.

The well was drilled about 10 km north of the Visund field, and about 190 km northwest of Bergen.

The active campaign that took place in 2020 provided 30 environmentally-friendly permanent seals in the Valhall oilfield.

The companies have signed a multi-year framework agreement to decommission wells in the North Sea, as part of the decommissioning specialist’s Plug and Abandonment Club offering.

The seventh annual Global Energy Talent Index has revealed that the recent gas price crisis has transformed oil and gas into the most popular sector for energy workers to join and has sent salaries soaring above pre-pandemic levels.