Ades plans Saudi IPO in September
The IPO will “support us in continuing to deliver growth and cement our position as the leader in the jack-up drilling market in Saudi Arabia and globally”, said chairman Ayman Abbas.
The IPO will “support us in continuing to deliver growth and cement our position as the leader in the jack-up drilling market in Saudi Arabia and globally”, said chairman Ayman Abbas.
The Prospector 5 will now be under contract until May 2026, while the Natt is under contract until December 2025.
“There's a lot of synergies across the countries that are involved there ... There's huge demand for gas, both in the region and in Europe.
The project scope for the NPCC work covers fabrication, painting and load out of the five jackets and boat landings. There is an optional scope, covering sea fastening of the structures.
Eni discovered Baleine in September 2021. It took the final investment decision around six months later.
The FPU would follow the same model as the Vito and Whale facilities, with Seatrium involved in both.
With inventories nearly full well before the start of the heating season and industrial demand subdued, the continent for now remains well supplied.
The rigs will carry out drilling, completion, testing, temporary abandonment and workovers, in water depths from 600 to 1,800 metres.
“We have good knowledge of this field, having built the subsea tree systems for the original Girassol development. It gives us immense pride that our long-term clients continue to show trust and confidence in our solutions through subsequent awards.”
Gilmartin said the contract was a “real milestone” that “reflects our strategic approach to breaking into the field support ROV market”.
Statistics Canada reported recently that Alberta’s energy prices rose by 127.8% in July, compared with the same month in 2022.
“If you want to hire a yacht, you lease it for two weeks or whatever. You don’t go and sink funds into it at this time when Nigerian oil and gas sector is under all kinds of watch”, she told Aluko. The warning came after he had bought the 65-metre Galactic Star yacht for $80mn.
Neptune started the offshore rig work for Yakoot in July. The company has said the well is targeting a structural trap with multiple reservoir targets.
Travel restrictions have eased, she said, and the company sees a need for quality control work. “We do understand the reasons for the remedial work – and we’re taking actions for Scarborough.”
Jokowi noted interest in investing in Kenya’s energy sector – and asked for support from the government to speed up the move.
There is scope to drill three more wells from the EPF, which would complete the current drilling programme.
“Each time Kinetiko adds commercial production plans within its exploration rights, it will be able to grow Reserve Certifications by eventual orders of magnitude”, he said.
"This acquisition is also supported by the efforts undertaken with Inpex in the Bonaparte CCS Assessment joint venture to appraise the area’s potential for geological storage of CO2, in order to abate CO2 emissions from the Ichthys LNG project.”
The cabinet faces a number of pressing issues, not least the economic headwinds as a result of the decision to scrap subsidies.
Fostering increased collaboration between private players and regional governments will be crucial to optimise renewable energy resources at a larger scale.
The OA said Woodside should be held to account for “running their facilities and their workforce into the ground. Clean your act up Woodside as the health and safety of our members and your 'Licence to Operate' depends on it.”
Transocean has reported the day rate for the rig is $365,000 under the one-well contract.
“We are looking forward to leveraging Simon’s experience in respect of our ongoing arbitration regarding Ombrina Mare, and Paul’s expertise in securing FID for offshore energy projects.”
The Depthwize drilling rig, Majestic, was in transit to a drilling site at Ovhor in Delta State when it capsized.
The transaction will increase Maurel’s production to 67,800 boepd, it reported, of which 56,500 bpd will be in Gabon. The deal will also see Maurel take over a midstream network and the Gamba oil terminal.