OTC Asia 2026

Drilling

Baker Hughes and Akastor ASA form global offshore drilling joint venture

Baker Hughes and Akastor ASA have announced an agreement to create a joint venture company that will bring together Baker Hughes’ Subsea Drilling Systems...

Westmount Energy announces commencement of drilling operations at Canje Block, Guyana

Westmount Energy has noted the announcement by the Maritime Administration Department, Guyana, that the Stena Carron drillship will commence drilling operations at the ExxonMobil-operated...

Maersk Drilling secures one-well contract to reactivate Maersk Resolute

Maersk Resolute to perform well maintenance and drill a side-track of the A9 well at the P9 Horizon field in the Dutch North Sea....

Fugro to offer positioning services for Petronas Suriname drilling campaign

Dutch offshore services company Fugro has secured a contract from Malaysian oil firm Petronas to provide positioning services for an exploration programme in the...

THREE60 Energy awarded first international duty holder contract for Galoc Field FPSO

THREE60 Energy, the global energy services group, has been awarded a multi-million pound contract for the provision of Duty Holder O&M services to the...

UK oil and gas sector confidence plunges to record lows

Reduced activity levels, project cancellations and workforce cuts as a result of the coronavirus pandemic have slashed business confidence across the UK’s oil and...

Equinor lets contract for Valemon drilling in North Sea

Equinor let a contract to Noble Drilling Norway AS to drill three wells at Valemon gas and condensate field in the northern part of...

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Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

Falling oil prices and collapsing profit margins are driving the industry to lower costs. Reducing labor costs and gaining supplier concessions can help, but...

Don’t Miss the Unconventional Resource Revolution’s Next Wave

It's s time for operators developing North America's  unconventional oil and gas reservoirs to embrace a new business model. Today, the typical business model...