Drilling News: rig activity stood out in several regions in 2022 and there is no reason to expect anything different in 2023. In 2022, offshore rig activity for…
Drilling Rigs Seek Alternatives to UK Contracts.
Drilling News: Drilling rigs and other equipment are “migrating” away from the North Sea and other European fields for opportunities elsewhere in the world. That’s according to the…
2022 Iraqi Production was Good, but Could Face Problems in 2023.
Drilling News Forecast: Iraqi 2022 output recovered to nearly pre-pandemic levels, but OPEC-plus policy and infrastructure constraints could keep Iraq from making further production gains in the new…
Drilling News: Hess to Spend 80%+ Capital Expenditure in Guyana and Bakken.
Drilling news reported success in Guyana in 2018 which earned Hess the number two spot in the industry for value created from wildcat drilling, according to an annual…
Drilling News: Italian Oil Company Finds Gas Offshore Egypt.
Italian oil major Eni has made a significant new gas discovery at the Nargis-1 exploration well located in the Nargis Offshore Area Concession, in the Eastern Mediterranean Sea,…
PTTEP Strikes Additional Gas Deposits Offshore Sarawak.
Asian Oil and Gas News – PTTEP HK Offshore has discovered sweet gas off Sarawak with the Paprika-1 well in Block SK410B. Drilling started last July, with the…
US Oil and Gas Sector Development Prospects Still Look Good
Activity in the oil and gas sector continued to grow in Q4 of 2022. Although there is an element of economic uncertainty which has led some executives to…
Transocean Gains Brazil Drilling Contracts.
Transocean Makes Good with Brazil Drilling Contracts. Deepwater drilling contractor Transocean said Wednesday it had secured contracts worth $1.04 billion in total for two of its ultra-deepwater drillships.…
US Says Fossil Fuels Will Be Needed.
Energy Secretary Jennifer Granholm extended an olive branch to the oil and gas industry, telling executives at a meeting in Washington that she recognizes fossil fuels will be…