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Oil Drilling Recovery Unlikely This Year, Baker Hughes Says
26 Jul 2024 22:17 GMT
… 2024 1:05 PM, EDT
Oil Services Provider Cuts US Spending … saying an anticipated recovery in oil drilling is no longer likely this … The world’s No. 2 oil services provider by market value … forecasting growth for international and offshore oil activity while U.S. …
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Borr Drilling Scoops $332M in Three Jack-Up Rig Contracts
26 Jul 2024 18:53 GMT
Offshore drilling contractor Borr Drilling has secured contracts for three … Marathon Oil in Equatorial Guinea.
"These new awards reinforce Borr Drilling… , Chief Commercial Officer of Borr Drilling.
Additionally, the company previously announced …
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More offshore oil & gas acreage for Jadestone in Malaysian waters
26 Jul 2024 16:47 GMT
AIM-listed and Singapore-headquartered oil and gas player Jadestone Energy … sharing contract (PSC) offshore Peninsular Malaysia with Malaysia Petroleum Management, an affiliate … is optimistic about future infill drilling across the existing SFA cluster …
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Borr Drilling’s 22-strong rig fleet booked: Three jack-ups pick up gigs in Brazil, Malaysia, and Gabon
26 Jul 2024 16:47 GMT
… , which finished operations with ROC Oil in Malaysia and started operations … its subsequent contract with Marathon Oil in Equatorial Guinea.
The 2011 … the top ten drilling contractors continue to dominate the offshore drilling market, Westwood …
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OPEC Oil Reserves in Decline
26 Jul 2024 16:06 GMT
… derisked thanks to intensified drilling operations across the Vaca … oil group’s members hold 1,215 billion barrels of crude … .
4. West African Oil Investment Slumps As Erstwhile … oil companies’ appetite to invest, even TotalEnergies’ Preowei offshore …
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Jadestone Energy Secures Four Shallow Water Fields Offshore Malaysia
26 Jul 2024 12:49 GMT
Asia-pacific focused oil and gas company Jadestone Energy … Cluster PSC) offshore Malaysia by Petronas, through Malaysia Petroleum Management.
The SFA … significant upside from future infill drilling across the existing SFA Cluster …
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How Dangerous Is Extreme Weather for Oil and Gas Companies In 2024?
26 Jul 2024 12:26 GMT
… oil and gas operations, Frederick J. Lawrence, the ex-Independent Petroleum … in addition to top oil and gas exporter), increased … Mexico,” Wald continued.
“Offshore drilling platforms in this area will … assessed and repaired for oil production to recommence,” …
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Noble-Diamond Offshore merger process is off to a good start: Will it prompt further rig market consolidation moves?
26 Jul 2024 11:15 GMT
Two Texas-headquartered offshore drilling giants, Noble Corporation and Diamond Offshore, have gotten … growth opportunities in the dynamic offshore drilling ecosystem, especially the last … oil and gas operators and players show a decisive pivot to offshore …
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GA Drilling partners Petrobras to enhance drilling efficiency
26 Jul 2024 10:58 GMT
… deep drilling processes.
The collaboration involves the Brazilian state-owned oil and … people, conducts research in the oil and gas sector to support … to enable the drilling of deep and complex offshore wells from lighter …
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Global recoverable oil reserves hold steady at around 1500 billion bbl
26 Jul 2024 10:36 GMT
… have shifted from offshore capacity expansions to onshore infill drilling. The only … expected slump in both oil demand and crude prices.
“The world’s … remaining oil reserves are insufficient to support oil …