RMI’s Post

Namibia welcomes the International Association of Drilling Contractors Conference, fostering collaboration and innovation in the oil & gas sector. Key speakers include TotalEnergies and industry experts, offering insights on the market outlook and societal benefits. #NamibiaConference #OilandGasDrilling #GlobalIndustryInsights #InnovationInEnergy #DrillingContractors #IndustryLeaders #MarketOutlook #SustainableEnergy #CollaborationInEnergy #NamibiaEvents

In light of recent strategic adjustments in the Middle East's oil and gas sector, with the suspension of 12 jack-up rigs affecting operations and market dynamics, it's crucial for industry stakeholders to reassess and realign their strategies. These developments signal a pivotal moment for the industry, reflecting broader trends and operational optimizations. For insights and implications on the services market, check out this comprehensive article: https://lnkd.in/gB6HMTUV #OilAndGas #MarketTrends #StrategicPlanning

While highlighting that Murphy Oil has exercised its option for the Noble Stanley Lafosse drillship to spud five additional wells in the Gulf of Mexico, Noble explains that the extension, anticipated to span one year with an estimated contract value of $177 million, comes with an additional unpriced option for a further five wells. https://lnkd.in/dZwXwzHQ #AllianceOne, #DrillingEquipment, #RigEquipment, #Upstream , #Oil, #Gas, #Drilling, #Service, #ServiceEngineer, #WhatSurplus, #OilField, #DrawWorks, #FEED, #Engineering, #InventoryManagement, #InventoryAssessment

México License Alert! PEMEX has signed two service contracts. The first, with Carso Energy, covers the deepwater Lakach gas discovery, boasting ~800 Bcf in reserves. The second, awarded to Opex (a JV between Mexican OFS company CME and Borr Drilling), focuses on the Bacab-Lum shallow-water oil fields. This contract includes US$1.6 billion in investments - the fields contain 90 MMbbl in 2P reserves and produce 4,000 bbl/d of oil.   These hybrid service contracts, signed after several failed attempts to attract market interest, are unusual in today's global oil and gas landscape. While details are scarce, we understand operators receive a fee covering costs plus a return, dependent on the project's cashflow and production. The contracts' structure and their award to Mexican-led consortia suggest limited international appeal. However, they are in line with the AMLO administration's stance on licensing rounds.

Baron Oil PLC is seeking investors to back a relatively low-risk appraisal drilling campaign at the Chuditch #gas field offshore East Timor. Possible suitors include Eni, INPEX, Santos Ltd, PETRONAS, and even Chinese national oil companies (NOCs), for the potential #LNG project. Excitement is building as explorer gears up to appraise the Chuditch gas field discovered by Shell in 1998. Peter Cockcroft, an #oil and gas expert, that has advised East Timor, also known as Timor Leste, for decades, told Energy News that "Chuditch would be a very important project if it works and there should be more focus on it. "If successful, it could improve the economics for the whole of Timor Leste, in terms of national revenues and improving the economics for the development of Greater Sunrise." "Chuditch could move quickly if successfully appraised. If Chuditch expands and gets bigger, a pipeline could be laid connecting it to the undeveloped Greater Sunrise fields operated by Woodside Energy, which enhances the economics" added Cockroft. There are several potential #LNG development concepts on the table. More insights from Marc Howson, Robert Chambers, Angus Rodger, Krishan Pal Birda and Andy Butler in the article by Damon Evans. SundaGas Wood Mackenzie Welligence Energy Analytics Rystad Energy INPEX Corporation #timorleste #Easttimor #Australia https://lnkd.in/gvMbgRJD

Where the depths meet determination, every oil well narrates a tale of resilience, innovation, and the relentless spirit of the oil and gas industry. Keep drilling, keep inspiring; the story of progress is written with each drop extracted. 🛢️💪 #OilAndGasJourney #ResilienceInnovationDetermination

⚠️ Breaking News in Offshore Drilling! ⚠️ Constellation has just secured two major contracts with Petrobras, worth a staggering $1 billion! The Laguna Star and Tidal Action ultra-deepwater drillships will soon be deployed at the Roncador field in Brazil's Campos Basin. These contracts will generate 250 new jobs, preserve another 250, and elevate deepwater drilling to new heights! With operations kicking off in Q3 2025, Constellation is set to enhance its longstanding partnership with Petrobras and usher in the next generation of ultra-deepwater efficiency. Read more 👉🏼 https://lnkd.in/dFKjxi44 #Constellation #Petrobras #OffshoreDrilling #BreakingNews #Deepwater #OilAndGas #OffshoreSafety #Energy #DeepwaterExploration #OffshoreLife #OilandGasNews #Offshore #DrillingNews #EnergySector #Oil #Gas #Drilling #HSE #OilfieldStrong #Drilling #OilRig

GANs introduce groundbreaking potential in upstream oil and gas services, enhancing seismic analysis, and driving efficiencies in maintenance and drilling. This innovative approach paves the way for future industry standards: https://lnkd.in/gdga2swC #OilAndGas #Innovation

The cost of drilling is taking us back to the old days - I started my career in oil & gas on the Shell UK owned semi-submersible rig, Stadrill. It had a predecessor too, the Staflo. Both very successful and an opportunity for youngsters like me to go through training. This article references Total who, to save on day rate costs of almost half a million dollars, took on a 75% share of a 2013 rig. Oil & Gas going back to the future…

⚠️ Breaking News in Offshore Drilling! ⚠️ Constellation has just secured two major contracts with Petrobras, worth a staggering $1 billion! The Laguna Star and Tidal Action ultra-deepwater drillships will soon be deployed at the Roncador field in Brazil's Campos Basin. These contracts will generate 250 new jobs, preserve another 250, and elevate deepwater drilling to new heights! With operations kicking off in Q3 2025, Constellation is set to enhance its longstanding partnership with Petrobras and usher in the next generation of ultra-deepwater efficiency. Check out the original post 👉🏼 https://lnkd.in/dFKjxi44 #Constellation #Petrobras #OffshoreDrilling #BreakingNews #Deepwater #OilAndGas #OffshoreSafety #Energy #DeepwaterExploration #OffshoreLife #OilandGasNews #Offshore #DrillingNews #EnergySector #Oil #Gas #Drilling #HSE #OilfieldStrong #Drilling #OilRig