Posted inExploration & Production

China’s COSL secures $1.9 billion offshore contracts from Middle East company

China Oilfield Services Ltd (COSL) has has signed several long-term drilling rig service contracts with a “first-class international oil company in the Middle East,” with a total contract amount of approximately $1.9 billion, the company said. The contract marks “deepening cooperation between the company and international oil companies in various fields of oilfield exploration and […]

Posted inExploration & Production

India eyes major oil and gas boost; offers 26 blocks in mega offshore bid

The Directorate General of Hydrocarbons (DGH), India’s upstream regulator, said earlier this week that India will offer 26 blocks or areas for finding and producing oil and gas in a mega offshore bid round. At the same time, India is also offering 16 areas for prospecting for coal-bed methane in a separate bidding round. “Government […]