(World Oil) – Murphy Oil has plugged and abandoned its Caracal-1X exploration well offshore Côte d’Ivoire after the well encountered hydrocarbon shows, but failed to establish commercial volumes. The Caracal-1X well in Block CI-102 reached a total depth of 8,534 ft (2,601 m) before being declared a dry hole. The results will inform Murphy’s ongoing assessment of remaining prospectivity across its
(Oil and Gas 360) – Energy Advisors examines the strategic implications of Transocean’s $5.8 Bn all-stock acquisition of Valaris. Click here to download the report. Still counting? Transocean + Valaris means there’s one less number to call. Devon + Coterra was the recent icebreaker onshore, where 1 + 1 targets 3, and everyone nods about “synergies” and dreams of “big and lean.”
(World Oil) – Noble Corporation has announced new contract awards totaling approximately $1.3 billion, adding backlog across nine rigs and marking the company’s entry into the Norwegian harsh-environment floater market. The awards reflect continued multi-year demand for deepwater and offshore drilling and are expected to materially improve fleet utilization over the coming years. Noble said the new contracts increase the percentage
(World Oil) – EnerMech has been awarded a subsea pre-commissioning services contract by Saipem for the Whiptail development offshore Guyana, expanding its footprint in one of the world’s most active deepwater provinces. The Whiptail project is located about 200 miles offshore Guyana in the Stabroek Block, which is operated by ExxonMobil Guyana. The contract marks EnerMech’s first involvement on the Whiptail field and its
(World Oil) – Equinor has awarded a series of long-term framework agreements to seven supplier companies, committing roughly NOK 100 billion ($9+ billion) to maintenance, modifications and large project work across its offshore installations and onshore plants in Norway. The twelve new framework agreements, which begin in the first half of 2026, have a five-year duration with extension options of three
(World Oil)– Saipem has won two offshore Contract Release Purchase Orders (CRPO) in Saudi Arabia, reinforcing its position as a leading EPC contractor in the Kingdom. The contracts are worth approximately $600 million, and expand Saipem’s long-standing partnership with Aramco. The first work package (CRPO 162), spanning 32 months, covers engineering, procurement, construction and installation of roughly 34 km of pipeline—ranging from
(World Oil)– CB&I has signed a sale agreement to acquire Petrofac’s Asset Solutions business, a major provider of operations, maintenance and decommissioning services for offshore and onshore energy assets. The deal will add a reimbursable contracting model to CB&I’s primarily lump-sum EPC portfolio, broadening revenue streams and providing steadier cash flow. The transaction will also expand CB&I’s presence in international
(Investing)– The Trump administration on Monday said it suspended leases for five large-scale offshore wind projects that are being built off the U.S. East Coast over concerns they would interfere with military radar systems. The suspension marks the latest blow for offshore wind projects that have faced repeated disruptions under U.S. President Donald Trump, who has said he finds them
(World Oil)– Shell and INEOS Energy have made their first oil discovery in the Gulf of America after confirming hydrocarbons at the Nashville exploration well, a deepwater Norphlet find operated by Shell. The Nashville well, drilled in the Norphlet formation, was drilled more than five miles beneath the seabed and encountered high-quality oil in what the companies described as one of the
(Oil Price)– Harbour Energy has made a gas and condensate discovery in the Norwegian section of the North Sea, which could be tied back to existing infrastructure, the Norwegian Offshore Directorate said on Friday. Harbour Energy, as operator of the license, and its partners have proven gas condensate in the ‘Camilla Nord’ prospect, the regulator said, adding that preliminary estimates indicate
(World Oil)– MOL Group and SOCAR have signed a comprehensive onshore exploration, development and production sharing agreement covering the Shamakhi-Gobustan region of Azerbaijan, strengthening their long-standing upstream partnership in the Caspian region. Under the agreement, MOL Group will serve as operator with a 65% working interest, while SOCAR will hold the remaining 35%. The fully termed deal follows a preliminary alignment reached by
(World Oil)– Seadrill has announced a series of new contract awards in the U.S. Gulf of America/Mexico and offshore Angola, strengthening its backlog into 2026 and early 2027. In the U.S. Gulf, Seadrill’s West Neptune drillship was awarded a four-month contract by LLOG Exploration. The program is scheduled to begin immediately following the rig’s current campaign and is expected to
