News Archives - ��N��

Noble releases Q1 operation highlights

Editorial Assistant — Fri, 02 May 2025 15:44:23 +0000

Noble Corp reported Q1 2025 results, including some notable operational highlights. Noble’s marketed fleet of twenty-five floaters was 80% contracted during the first quarter, compared with 74% in the prior quarter. Recent backlog additions since last quarter have added 15 rig years of total floater backlog, materially enhancing contract coverage over the next several years. …

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Horizon starts infill drilling operation in Block 22/12 in Beibu Gulf

Editorial Assistant — Thu, 01 May 2025 15:17:13 +0000

Horizon started a 2025 infill drilling operation in Block 22/12, Beibu Gulf, People’s Republic of China. A COSL-owned drilling rig has been mobilized to the WZ12-8W platform for a one-well campaign. The well was spud on 28 April. Recovery from this well is currently carried as contingent resources but will be reclassified as reserves in …

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Shell acquires working interest in Ursa platform

Editorial Assistant — Thu, 01 May 2025 15:07:41 +0000

Shell completed the previously announced agreement to increase their stake in the Ursa platform in the US Gulf of Mexico from 45.3884% to 61.3484%. This acquisition is part of Shell’s strategy to invest in profitable and carbon-competitive oil and gas projects with a strong integrated value chain. Deepening Shell’s interest in existing assets also contributes …

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Gran Canaria Geotermia to study geothermal feasibility

Editorial Assistant — Wed, 30 Apr 2025 15:46:14 +0000

Gran Canaria Geotermia, a public-private consortium, was awarded a drilling project to study whether there are sufficient geothermal resources to extract high-enthalpy energy. They estimate they will be able to begin drilling up to three 2,700-m wells before the end of October in the areas with the greatest geothermal anomalies on the island, which, according …

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Subsea7 and SLB OneSubsea awarded EPCI contract for BP Ginger project

Editorial Assistant — Wed, 30 Apr 2025 14:46:48 +0000

Subsea was awarded an engineering, procurement, construction and installation (EPCI) contract by bp to Subsea Integration Alliance (SIA) for the Ginger project offshore Trinidad and Tobago. The award falls under the new global framework agreement between BP and Subsea Integration Alliance partners SLB OneSubsea and Subsea7. Subsea7 will supply a diver-installed tie-in system, a flexible …

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H&P adopting Caterpillar’s new dual-fuel technology

Stephen Whitfield — Tue, 29 Apr 2025 18:24:37 +0000

H&P is introducing the Cat Dynamic Gas Blending (DGB) Gen 2 Kit by Caterpillar Oil & Gas to its drilling rig fleet. The DGB Gen 2 Kit is designed to retrofit existing engines, including the Cat 3512C, maximizing engine efficiency while reducing the need for costly engine replacements. By utilizing advanced port-injection technology, the system …

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IADC announces development of new KREW continuous online learning system

Editorial Assistant — Mon, 28 Apr 2025 18:49:26 +0000

IADC has embarked on a project to completely rebuild its Knowledge Retention & Education for our Workforce (KREW) continuous learning system. The comprehensive overhaul, being developed in partnership with 3t Drilling Systems, will add fully IADC-owned content to the platform, establishing a higher standard for knowledge retention while creating greater consistency across the drilling industry. …

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Prairie begins completion of Opal Coalbank Pad

Editorial Assistant — Mon, 28 Apr 2025 15:12:02 +0000

Prairie Operating Co. is beginning completions of the Opal Coalbank project, which spans two distinct DSUs and is currently in partial development, leveraging nine drilled but uncompleted (DUC) wells acquired from Bayswater. This phase of the project is focused on unlocking immediate cash flow through the completion of the existing DUCs—targeting six in the Codell …

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Vallourec awarded major contract by Kuwait Oil Company

Editorial Assistant — Mon, 28 Apr 2025 14:58:28 +0000

Vallourec secured a major contract to supply oil country tubular goods (OCTG) for the drilling operations of Kuwait Oil Company (KOC). This new contract represents over $130 million in potential revenue. This agreement includes the supply of carbon steel OCTG products with premium connections and proprietary steel grades, to be delivered in 2025 and 2026. …

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Apache, partners announce Sockeye-2 flow test results

Editorial Assistant — Fri, 25 Apr 2025 16:28:23 +0000

APA and its partners Lagniappe Alaska and Oil Search announced the results of the flow testing of the Sockeye-2 exploratory well. Apache holds a 50% working interest, operator Lagniappe and partner Santos each hold 25% working interests in the 325,411-acre exploratory block located on state lands of the eastern North Slope. The Sockeye-2 well was …

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