The companies will work together to develop smart contract solutions for the energy sector, with aims to automate and execute the payment cycle. The partnership's focus will be on creating new contractual models based on milestones such as drilling speed, carbon intensity or fuel usage, all automatically validated through data.

The Yoti West-1Exp well will be drilled by Valaris 8505 semisubmersible rig, which was transported to Block 12 after its successful work at the Sayulita-1EXP well in Block 10. Drilling of the Yoti West-1Exp well will provide geological and geophysical data needed to make a decision on further exploration of Block 12.

Variable Bore Rams (VBR), an original equipment manufacturer (OEM) ram and blowout preventer (BOP) component provider, has added Cameron’s new variable high-temperature packers and top seals to its inventory. The products are

As part of its plan to achieve net-zero GHG emissions for Scopes 1 and 2 by 2050, the company is targeting reductions of its Scopes 1 and 2 GHG emissions intensity by 50% and methane emissions intensity by 65% by 2030 from a 2019 baseline.

The European oil majors – Shell, BP, TotalEnergies, Eni and Repsol – benefitted dramatically from elevated oil and gas prices in Q1 2021 as income returned to near pre-pandemic levels, according to GlobalData.Daniel Rogers, Senior Oil and Gas Analyst at GlobalData, commented: “So

Although it has been nearly 12 years since the Montara blowout became one of the worst disasters in Australian history, operator PTTEP says it continues to improve and evolve its safety culture based on lessons learned from the incident. Among other things, the company reconfigured its drilling management systems to account for lessons learned from Montara.

Mr Lawler's departure is effective 30 April. Mike Wichterich, Chair of the company's Board of Directors, will serve as Interim CEO while the company conducts a search for a new CEO, which it expects to complete over the coming months.

Drillmar Resources has signed a Memorandum of Understanding (MoU) with energy recruitment specialist JAB Recruitment to create DRILLJAB, a joint project with a view to providing staffing solutions to drilling contractors across the Americas. Supported by JAB Recruitment’s Houston office, the newly formed joint venture will enable Drillmar to extend its global footprint to the United States, Canada, Mexico and South America, while JAB Recruitment will expand its service capability in the region with further drilling expertise. “Both organizations are market leaders in their own right with a wealth of experience in recruitment and in energy,” said Drillmar Managing Director Raymond Bruce. “More importantly our business ethics and values are aligned, which we view as critical to the success of ...

The 80-day contract extension is expected to commence in September 2021 in direct continuation of the rig’s current work scope for Equinor in the North Sea. The contract value of the extension is approximately $29.5 million.

The Noble Hans Deul jackup will drill five production wells in three shallow-water fields in the southern UK North Sea as part of the project. The contract also includes extension options for up to two further wells. Drilling is expected to begin in early 2021.