Cloud-based remote virtual office system enables component testing prior to offshore deployment.
New Brazilian legislation aims to spur industry sector growth, says US Commercial Service official.
PTTEP Mexico E&P has agreed to sell its 16.67% interest in the Block 29 (2.4) Project.
What are Mud Tanks? Mud tanks are large steel containers designed to store and circulate drilling fluids (often called “mud”) in the oil and gas industry. Drilling fluids are essential for cooling the drill bit, carrying rock cuttings to the surface, and maintaining pressure in the wellbore to prevent blowouts. This equipment is a critical…
Westwood analysis shows Namibia is the most promising deepwater rig demand hotspot. Exploration of Namibia’s Upper and Lower Cretaceous plays in the offshore Orange Basin have delivered nearly 5 Bbbl from nine wells since 2022, according to Westwood Global Energy Group. The seven exploration wells that followed up the Graff and Venus play opening discoveries…
Despite Saudi Aramco releasing a number of jackup rigs, the international jackup market remains robust. According to Evercore ISI’s latest Offshore Oracle report, the release of around 22 rigs so far this year has raised questions about the future of the Middle East jackup market, a region historically known for absorbing global assets. Saudi Aramco’s…
Dolphin repositioning rigs following UK North Sea market slowdown The Borgland Dolphin semisubmersible has been undergoing a special periodic survey in Las Palmas, Gran Canaria. Extensive measurement testing has revealed no need for major steel replacement, and the program is on track. It should remain in Las Palmas until early 2025 ahead of a long-term contract in the UK…
OTS Offshore & Trading Service: A Leader in Offshore Solutions Established in 2016, OTS Offshore & Trading Service has quickly emerged as a reputable and trusted partner in the global oil and gas industry. Specializing in a comprehensive range of offshore solutions, OTS Offshore stands out for its commitment to quality, safety, and operational excellence….
The Codling Wind Park joint venture partners will submit a planning application shortly to Ireland’s An Bord Pleanála.
Talos Energy has announced that Tim Duncan has stepped down from his role as president and CEO, effective Aug. 29, and an interim CEO has been selected.
