Uruguay's Ancap to Launch Bidding for Natural Hydrogen Exploration by Year-End
Uruguay's state-run energy firm Ancap plans to launch a bidding round for natural hydrogen exploration and development by the end of the year, with offers expected in 2026, executives said on Wednesday.Ancap is also exploring a bidding round for carbon capture investment, to be launched potentially in 2027, the firm's representatives said at a conference in Houston.Uruguay is considered a promising region by geologists for natural hydrogen exploration due to the significant presence of the element in its rocks.While Uruguay's government has prioritized green hydrogen production as part of its
US DOI Implements New Guidelines on Gulf of Mexico Drilling With Hopes of Boosting Oil Output
The U.S. Interior Department said on Thursday it has implemented new guidelines for allowable pressure differences in a certain type of oil drilling in part of the Gulf of Mexico, changes it expects can boost U.S. oil output.President Donald Trump's new Energy Dominance Council led by Interior Secretary Doug Burgum is looking for ways to cut costs for oil and gas producers, cut regulations and boost oil output, which reached record levels under former President Joe Biden.Under the new rules…
ExxonMobil Drill Offshore Cyprus Fails to Find Gas in Commercial Amounts
An exploration drill by ExxonMobil offshore Cyprus has failed to find commercial quantities of natural gas, the island's energy ministry said on Monday.Drilling operations had been completed at the Elektra-1 well in Block 5 of the exclusive economic zone (EEZ) of Cyprus, it said."Well data and preliminary evaluation work indicate the presence of natural gas in non-commercial quantities," the Ministry of Energy, Commerce and Industry said.ExxonMobil executives had previously described the prospect, based on seismic data assessments, as promising.The drill was conducted by a consortium of ExxonM
Transocean's Big Move: Adapting Offshore Drilling Vessels to Install Wind Foundations
Transocean, best known for its deepwater drilling services in the oil and gas space, is looking to expand into the offshore wind sector and is planning to convert some of its offshore drilling vessels into wind foundation installation vessels.The company said Wednesday it had executed a non-binding memorandum of understanding with offshore wind installation services firm Eneti with a plan to form a joint venture company that will engage in offshore wind foundation installation…
3-Year Deal: Survitec to Maintain Life Saving Equipment on Valaris' Offshore Rigs
Offshore drilling operator Valaris has extended its service agreement with Survitec, a provider of survival technology solutions, for another three years.The master service and supply contract, originally signed in 2016, covers the annual and five-year inspection, servicing, and maintenance of LSA, including lifeboats, davits, and fast rescue crafts across Valaris’ global fleet of 11 drill ships, 5 semi-submersibles and 36 jack-up rigs.Survitec said:"An extensive network of more…
