Author: Rigs & Barge World

Ukraine’s Naftogaz Group received critical energy equipment from Norway in partnership with the United Nations Development Programme (UNDP), which will help strengthen Ukraine’s energy resilience and ensure uninterrupted energy supply. Acting Naftogaz Chairman of the Board Roman Chumak and acting Ukrgasvydobuvannya CEO Serhii Lahno officially accepted the equipment in Kyiv. The equipment is gas-fired generator sets with a total capacity of 150 MW, which will provide backup power and heat supply for critical infrastructure and residential areas. Ukrgasvydobuvannya received equipment to enhance natural gas production, which is critical for the country’s energy security. Ukrainian Energy Minister German Galushchenko stressed that…

The Coalition’s plan to force an oversupply of gas into the east coast market in an attempt to artificially reduce prices is yet another damaging market intervention that will drive away investment and exacerbate the supply challenges in the longer term.   Australian Energy Producers Chief Executive Samantha McCulloch said industry agreed that addressing projected gas supply shortfalls on the east coast of Australia and ensuring reliable and affordable gas for Australian households and businesses was a national priority.   “Industry welcomes the Coalition’s commitment to fast-track new gas supply and streamline approvals, but the benefits of these reforms risk being undermined…

Well blowout is an uncontrolled release of flowing fluids (e.g., gas, oil, water, and mud) from a well once pressure control systems such as BOP Stack are completely lost. This uncontrolled flow will end up with a well kick that increases in severity and may result in a “blowout”. The well control can only be recovered by: Installing or replacing equipment to permit shut-in. Killing the well. Drilling a relief well. It can happen during any of the operational phases: Factors Lead To Well Blowout Many factors cause blowouts. Among those factors, the enormous pressure of the rock formations around an…

Mar 28, 2025 Image courtesy DNO Norwegian oil and gas operator DNO and its partners have made an oil and gas discovery in the “Kjottkake” prospect in the North Sea, the Norwegian Offshore Directorate said on Friday.The authority said preliminary calculations indicate that the discovery holds recoverable reserves of between 38.4 and 74.2 million barrels of oil equivalent.”The licensees will consider a potential development and further follow-up of the discovery alongside other discoveries and prospects in the vicinity,” it said in a statement.DNO holds a 40% stake in the exploration permit while Aker BP AKRBP.OL holds 30%…

Baker Hughes announced that it won a multi-year contract from Dubai Petroleum Establishment (DPE), for and on behalf of Dubai Supply Authority (DUSUP), to provide integrated coiled-tubing drilling services for the company’s Margham Gas storage project. The project will provide stability to Dubai’s energy supply by strengthening the system’s ability to switch between natural gas and solar power, Baker Hughes said in a statement. Providing the coiled-tubing drilling increases Baker Hughes’ overall support of the Margham Gas project, which draws upon the mature field of the same name. Already set to supply the company’s Integrated Compressor Line (ICL) units for gas storage, injection and export, Baker Hughes’ broad portfolio is helping…

Baghdad has fully ratified a contract with BP PLC for oil and gas redevelopments and potential exploration in Kirkuk province, the company said. The agreement, laid out last year, provides for re-entry and rehabilitation in several “giant oil fields”, according to the British energy giant. The assets eyed for production are the Kirkuk oilfield’s Avanah and Baba domes and three adjacent fields: Bai Hassan, Jambur and Khabbaz. All of these are operated by state-owned North Oil Co. (NOC). Besides BP and NOC, the tripartite deal also includes the Iraqi state’s North Gas Co. (NGC). The agreement is for an initial phase…

In a statement posted on its website on Thursday, Repsol Resources UK Limited announced a “strategic consolidation of Repsol Resources UK with NEO UK to form NEO NEXT”. “Repsol is pleased to announce a landmark agreement to consolidate its UK North Sea upstream business with NEO Energy Group Limited, a leading independent UK oil and gas operator, through a share for share combination,” Repsol noted in the statement. “The resulting joint venture will position itself as a robust and diversified UK North Sea-focused oil and gas company that is poised to become one of the largest independent producers in the…

Oil steadied after a lackluster session as traders continued to weigh diverging signals over supply and demand. West Texas Intermediate edged up 0.3% to settle above $68 a barrel, notching its second weekly gain. The US penalized a small Chinese refinery and its chief executive officer for allegedly buying Iranian oil, as well as a terminal operator. The market structure for Middle Eastern barrels strengthened after the news, with traders bracing for disruption to global flows. RBC Capital Markets LLC analysts said the “risk premium here is taken more seriously.” Still, crude was weighed down by macroeconomic concerns over slower…

The Danish shipping company started preparing what is now the Gemini network several years before Hapag-Lloyd came into the picture, says port manager from APM Terminals. Source link

Automation and remote operations solutions address persistent industry challenges to drive efficiency, safety and sustainability in wellsite operations. These innovations redefine what is possible in well construction and set new benchmarks for performance and operational excellence.  Source link