Mega-deals totalling more than $3.4 billion are won by ADNOC Drilling

ADNOC Offshore of the UAE has given ADNOC Drilling two contracts for more than $3.4 billion (AED 12.6 billion) to increase offshore drilling operations and hire eight jack-up rigs to increase production capacity.

These contracts are worth a combined $1.5 billion (AED 5.6 billion) and $1...

Two offshore jack-up drilling units will be acquired by the ADNOC Drilling Company

ADNOC Drilling Company has announced the signing of a sale and purchase agreement (SPA) for the purchase of two more premium offshore jack-up drilling equipment. The investment is a key component of the company's ambitious expansion strategy and is included in its three-year capital expenditu...

In Australia, Maersk Drilling has been awarded a one-year contract renewal

INPEX Operations Australia P/L has exercised an option to extend the provisioning of the Maersk Deliverer, an ultra-deepwater semi-submersible rig, for drilling services in the Ichthys Field in the Browse Basin off the coast of Western Australia. The contract extension is for one year and will be...

Deals worth $1.94 billion have been awarded by Adnoc to facilitate drilling

Abu Dhabi's government-owned Adnoc has given $1.94 billion in framework contracts to several oil service businesses to boost drilling activity.

The majority of the awards went to Adnoc's own oil service subsidiary, Adnoc Drilling, with the rest going to Schlumberger, Hallib...

Jan Holm Drilling Company Switches from Oil and Gas to Nuclear Power

The chief of Maersk Drilling, Jan Holm in Singapore has announced to switch to nuclear power barges from the traditional offshore oil and gas by joining hands with Seaborg Technologies, a Danish company that will deal with Jan Holm’s activities in Southeast Asia.

Seaborg has plann...

TURKISH DRILLING SHIP DISCOVERED BIGGEST NATURAL GAS RESERVE IN BLACK SEA

Highlights:

• The Turkish drilling ship has discovered a big natural gas reserve in the Black Sea
• The Turkish president said that, it was Turkey’s biggest natural gas reserve discovered till date

A drilling ship sent from Turkey ...

UNTOUCHED FOR 3 DECADES, ARCTIC NATIONAL WILDLIFE REFUGE WILL OPEN FOR DRILLING

Highlights:

•       The Trump government is leaning on a 2017 bill that authorizes the drilling of coastal plains in the ARCTIC NATIONAL WILDLIFE REFUGE

•       This move is opposed by the environmentalists<...

OIL PRICES GAVE RELIEF AS US DRILLING ACTIVITY STARTS

Oil prices fell after an increase in US crude oil and natural gas drilling activity. Oil prices hold near three-month highs on hopes for a trade deal between the US and China.

Brent Crude oil drops down at 22 cents, or 0.33 percent, at $65.92 per barrel. West Texas Intermediate was down...

Arctic Oil Drilling is not get financed

Goldman Sachs has reported it will never again be financing new oil boring or investigation for oil in the Arctic. It has additionally sworn to quit putting resources into warm coal mineshafts or coal-terminated ventures anyplace on the planet. The announcement was made as a component of another ...

A U.S. DOE funded project by AltaRock Energy

Hidden gems under the umbrella–we've been sent this reference to an exciting project that seems to have lost out on a bit of advertising. This venture, funded by AltaRock Energy from 2018, with a project term 2019-2022, obtained USD 3.9 m in financing for the work on the Demonstration o...

GRC looks forward to a much greater international presence in 2020

The 2019 GRC Annual Meeting and Expo were attended by over 1,000 delegates from just under 40 countries, highlighting the significance of the GRC in promoting the global geothermal energy culture. The GRC looks forward to a much greater international presence in 2020 with a growing interest in ge...