Brought to you by Quest Offshore & Southern Cone Consultants
Steel pipe giant Tenaris TENR.MI expects a further increase in sales in the first half of the year after posting strong results in the latest three months of 2021, driving a 2.4% rise in its Milan-listed shares on Thursday. The company, which makes seamless and welded steel pipes for oil and gas exploration activities, said... Continue Reading →
Offshore drilling contractor Noble Corporation has secured more work for its drilling rigs, including a conditional award for four of its drillships working for ExxonMobil in Guyana. Looking ahead, the rig owner expects significant sequential growth in the upcoming two quarters with a continued upward trajectory in activity levels and day rates. Noble Corp. on... Continue Reading →
(PN) The entry into operation of the first definitive system in the Mero field, in the Santos Basin, will help to jumpstart the global production of French company TotalEnergies. The European oil company announced in its report of the financial and operating results for 2021, that it expects a 2% growth in its hydrocarbon production,... Continue Reading →
Namibia aims to fast-track the development of its first oilfield to have production by 2026 following a significant offshore discovery by Shell, a senior energy official told Reuters on Monday. Shell on Friday said the exploration well off the coast of the southern African country had shown "encouraging" results with the presence of a working petroleum system with light... Continue Reading →
Houston-based Vaalco Energy has completed its first of four wells in the 2021/2022 drilling campaign offshore Gabon and brought it into production with strong initial flow rates. The Etame 8H-ST development well was drilled from the Etame platform in the Etame field. This sidetrack well targeted existing Gamba hydrocarbons in the field that have not... Continue Reading →
Norwegian offshore vessel operator Solstad Offshore has secured several contracts for its construction support vessels. The contracts, for deployment in the North Sea, Brazil and West Africa, will have a combined total length of 640 days, with additional extension options available upon expiration. The total value of the contracts, which will see Solstads CSVs Normand Maximus, Normand... Continue Reading →
Following recent reports that Shell has made an oil discovery offshore Namibia, the confirmation came Friday from its partner QatarEnergy. QatarEnergy, until recently known as Qatar Petroleum, confirmed that an oil discovery had been made in a deepwater exploration well drilled in the PEL-39 license located in the Orange Basin, offshore Namibia. "The consortium partners comprising... Continue Reading →
(Bloomberg) — Vitol Group, the world’s largest independent oil trader, is partnering with shale specialists who formerly led Brigham Exploration Co. to expand amid the highest crude prices in seven years. The trader and Austin, Texas-based driller ATX Energy Partners LLC formed VTX Energy Partners LLC to acquire wells in the Permian and Bakken shale... Continue Reading →
(Reuters) - An oil production vessel exploded off the coast of Nigeria early on Wednesday with 10 crew members on board though it was not yet clear if there were any casualties or how much crude might have spilled into the sea. Nigeria's Shebah Exploration & Production Company Ltd (SEPCOL) said in a statement on... Continue Reading →
(WO) The Uganda National Oil Company plans to sign a final investment decision on Feb. 1 for a large oil field and pipeline project, taking a definitive step toward becoming a crude exporter. TotalEnergies SE and Cnooc Ltd., along with the East African country’s state oil company, are developing projects expected to reach an output... Continue Reading →
