Velesto Secures Malaysia Drilling Deal with Hibiscus
Malaysia’s oil and gas services firm Velesto Energy, through its subsidiary Velesto Drilling, has secured a contract from Hibiscus Oil…
Asia
Yinson Production and PTSC lock in financing for Southeast Asian gas project’s FSO
Singapore’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, and its joint venture (JV) partner,…
South America
$3.2 billion move on LLOG opens doors to Gulf of America oil & gas scene for Harbour
London-listed oil and gas company Harbour Energy has made a multibillion-dollar play for the U.S.-headquartered LLOG Exploration Company (LLOG), which…
Middle East
Oil prices rise after Trump warns Iran over stalled peace talks
Oil prices rose on Monday in Asia after US President Donald Trump warned Iran the “clock is ticking” as talks…
Australia
Velesto lands Hibiscus drilling deal in first asset-light rig move
Malaysia’s Velesto Energy has moved into an asset-light operating model for the first time after securing a drilling contract from…
Africa
ReconAfrica advances Kavango West 1X production testing in Namibia
ReconAfrica and its partners NAMCOR and BW Energy are advancing downhole production testing operations at the Kavango West 1X (KW1X)…
Africa
ADES’ 1982-built rig scoops up multimillion-dollar drilling gig in Nigerian waters
ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has won a new offshore drilling assignment for one…
Middle East
JP Morgan Warns Oil Could Average $151 in Q4
Natasha Kaneva, J.P. Morgan’s head of global commodities strategy, J.P. Morgan warned that Brent could average as much as $151…
Europe
Seal of approval for Equinor’s drilling ops with Transocean’s 2016-built rig
Norway’s state-owned energy giant Equinor has received clearance from the Norwegian authorities to conduct drilling activities on the Norwegian Continental…
Europe
Cadeler Installs First Monopile at Ørsted’s Hornsea 3 Offshore Wind Farm
Cadeler has completed the installation of the first fully commissioned monopile foundation at Ørsted’s Hornsea 3 offshore wind farm in…
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