NE's contract with SHEL involves drilling one firm well. It also includes a one-well option. The campaign is scheduled to begin in the fourth quarter of 2025.

Brazilian state-run oil firm Petrobras said on Friday its board approved an agreement to settle a U.S. court dispute with EIG ...

Petrobras' board approves an agreement to settle a U.S. court dispute with EIG Energy Fund XIV, including a $283M payment by ...

EQNR receives a drilling permit to drill two wildcat wells, 34/6-8 S and 34/6-8 A, in the Norwegian North Sea. The drilling activities are scheduled to start in April.

Valaris is set to hit $61.50 in 24 months with improved fleet management, rising day rates, and strategic positioning ...

Upstream depends on being able to display ads on our services in order to finance our journalism.

Petrobras Settles U.S. Lawsuit with EIG for $283 Million Brazilian state-run oil giant Petrobras has reached a settlement in ...

Deep Value Driller AS ( ($DE:9YG) ) has issued an update. Deep Value Driller AS announced that its CEO, Svend Anton Maier, has exercised 900,000 ...

DWHP-2017/1, which was awarded to Cairn in 2019 as a part of India’s open acreage licensing policy (OALP), hosts multi-Tcf ...

PBR begins drilling a new well in the Alto de Cabo Frio block, strengthening its presence in the pre-salt region of the Campos Basin.

On Tuesday, the Ministry of Labour, through its Occupational Safety and Health (OSH) Department, conducted an inspection of the drillship Noble Tom Madden to assess compliance with Guyana’s OSH ...

Conoco and R&B Falcon Corp. announced Deepwater Pathfinder - a first-of-its-kind, ultra-deepwater drillship - began a five-year work program in the Gulf of Mexico. The ship, the first new build ...