Transocean Ltd. has announced that the ultra-deepwater drillship, Deepwater Asgard, received two contract awards in the U.S. Gulf of Mexico for a total of approximately 14 months of work, adding USD 181 million in firm […]
Valaris Limited has announced that it has been awarded two one-well contracts with subsidiaries of Murphy Oil Corporation for semisubmersible VALARIS DPS-5. The first contract is in the US Gulf of Mexico and is expected […]
The saying has it that in every crisis there is opportunity, and the oil industry is no exception, with efficiencies and targeted investments being the prime focus areas during and in the aftermath of a […]
US E&P companies have so far hedged 41% of their total forecasted 2021 oil output at an average price floor of $42 per barrel (Nymex WTI equivalent), lower than this year’s floor of $56 per […]
Total is pursuing the divestments of several non-core assets in both Exploration-Production (Brunei) and Marketing & Services (Sierra Leone and Liberia). These divestments represent a global value of more than USD 400 million. Brunei – […]
Subsea 7 has announced an award by OneSubsea®, the subsea technologies, production and processing systems division of Schlumberger, a front-end engineering design (FEED) study for the subsea umbilicals and flowlines system of the Ormen Lange […]
Chevron Corporation has announced the sanction of a waterflood project in the St. Malo field. This application of enabling technology is expected to increase recovery and advance Chevron’s strategy of maximising the company’s existing resources […]
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