Falcon Oil & Gas sets drilling record with potential Australian gas discovery

(WO) – Falcon Oil & Gas Ltd. announced that the Shenandoah South 1H (“SS1H”) pilot hole in exploration permit 117 has reached a total vertical depth (“TVD”) of 3,300 meters, intersecting approximately 90 meters of the Amungee Member B-shale with strong dry gas shows. The 90 meters of the Amungee Member B-shale intersected represents...

Equinor awards COSL Offshore Management two drilling contracts worth $369 million

(WO) – Equinor has awarded COSL Offshore Management AS two contracts and will employ COSLPromoter and COSLInnovator on the Norwegian continental shelf. The COSL Promoter drilling rig (Photo: COSL Offshore Management AS) The contract values are calculated at around $369 million for both firm periods. The COSLPromoter is already contracted to...

Carbon pipeline operator Denbury considered over 28 proposals prior to ExxonMobil deal

(Bloomberg) – Denbury Inc. held talks with more than two dozen potential buyers and rejected two offers from ExxonMobil Corp. before finally agreeing to sell itself to the Texas oil giant for $4.9 billion in stock last month. Executives and their advisers spoke with more than 28 parties, from international oil majors to pipeline operators,...