The exploration well will be plugged and abandoned after operator Karoon Energy announced the results. Marina-1 was the first well to be drilled at Block Z-38 in the Tumbes Basin. Karoon said no further drilling was planned for the block in the initial campaign.

Ashtead Technology has completed subsea installation monitoring work to support the Northern Lights Carbon Capture Storage project (CCS) in the North Sea...

The agreement for the continuation of drilling services for three Noble drillships currently operating in the basin: The Noble Bob Douglas, Noble Tom Madden, and Noble Don Taylor. Other drilling rigs may be added to the agreement.

While oil prices have rebounded slightly, they are still down significantly from the start of the year. IHS Markit reports that China, where the virus was first discovered, accounted for 14% of global oil demand and half of global oil demand growth in 2019...

The company said the tool has a feature that allows users to address and release it, even if the tool string is shorted below the tool. This feature reduces operational risk by maintaining the ability to release a tool should the string become stuck in the wellbore...

Equinor has launched a new climate roadmap aiming to ensure a competitive and resilient business model in the energy transition, fit for long-term value creation and in line with the Paris Agreement...

The program helped train workers in hazard awareness on SANAD’s land-based drilling rigs in Saudi Arabia. Virtual reality scenarios covered shutdown procedures, working and height, and working on the drill floor...

Talos Energy has contracted the Transocean Discoverer Inspiration, an ultra-deepwater dual-activity drillship, for its 2020 deepwater drilling and completions program in the US Gulf of Mexico. The Discoverer Inspiration rig will assist with the Bulleit completion and tieback project...

Equinor and its partner Shell have completed a joint acquisition of the 49% interest held by Schlumberger in the Bandurria Sur onshore block in Argentina’s Neuquén province...

The company said in an operational update that it expects to spud the exploration well in March, targeting 0.6 trillion cu-ft of gas initially in place. Located in Block 12 offshore Israel, between the company’s Karish and Tanin leases...