Valeura hits inflection point in Thailand as it scales up

Valeura Energy has drilled two successful appraisal wells on the flanks of the Wassana oil field in the Gulf of Thailand, the goal being to test for suspected additional oil accumulations in the Tertiary clastic section. Both wells targeted the

Canadian independent Valeura Energy is evaluating the new platforms and potentially also floating facilities that could be required to expand production at its Wassana oilfield offshore Thailand after a recent successful appraisal drilling campaign. Valeura is remapping the

Valeura Energy Inc. drilled two appraisal wells at Wassana oil field in license G10/48 in Pattani basin, Gulf of Thailand. The results show that additional production wells are viable within the reservoir which could extend the field’s economic

Valeura Energy has drilled two successful appraisal wells on the Wassana oil field, where production remains suspended. The two wells found more oil in the Tertiary clastic section, in the deeper part of the reservoir. Valeura said the

Natural gas prices rise 4.8% to $2.808/mmBtu, which if maintained would be the highest closing price since Aug. 9. The gains come ahead of a weekly EIA storage report at 10:30 am ET that analysts expect will show

While the total number of offshore wind projects, both existing and projected, continues to surge, the sector now grapples with typical economic and financial challenges. In recent weeks, offshore wind companies have sounded alarms about escalating product costs,

Global natural gas and LNG storage capacity in import markets is expected to expand by 10%, or 45 billion cu m (bcm), during the 2023-2028 period, largely supported by projects in China, Europe,and Eurasia, the International Energy Agency

U.S. natural gas prices (/NG) surged higher on Thursday afternoon following the release of the Energy Information Administration’s (EIA) weekly inventory figures for the week ending August 18. The report revealed an 18 billion cubic feet (bcf) build,

Valeura Energy expects to mobilize a new mobile offshore production unit later this year to the Nong Yao oil field in the Gulf of Thailand, with development drilling starting soon afterward. Installation has started of a new 3-km subsea pipeline that

Natural gas prices have surged to an eight-day high of 2.75, triggering a weekly bullish reversal and surpassing the previous week’s high. This rally has also pushed natural gas above the 100-Day Exponential Moving Average (EMA) at 2.72

OTC Markets Group Inc. OTCM, operator of regulated markets for 12,000 U.S. and international securities, announced Valeura Energy Inc. VLEVLERF, an upstream oil & gas company, has qualified to trade on the OTCQX® Best Market. Valeura Energy Inc. upgraded to

Valeura Energy Inc., Calgary, has appointed Greg Kulawski as chief operating officer, effective July 17. Kulawski has 25 years of upstream oil and gas experience. His most recent roles, with Shell plc, were deputy chief executive officer and

Valeura Energy is appointing a new COO, Greg Kulawski, and a new auditor, to reflect is strengthening focus in Asia. Kulawski’s first day is today. He has previously worked with Shell, most recently as deputy CEO and production

Borr Drilling Limited has secured a contract extension for its premium jack-up drilling rig “Mist” from Valeura Energy in Thailand. The contract extension covers a firm term of 9 months starting in direct continuation to the current contract

Valeura Energy has let a drilling contract to Borr Drilling Ltd. for its Mist jack-up drilling rig in Thailand. The contract extension covers a firm term of 9 months starting in direct continuation to the current contract and

Offshore drilling contractor Borr Drilling has secured a contract extension for one of its premium jack-up rigs, which will enable the rig to continue carrying out operations offshore Thailand. Borr Drilling’s Mist rig was hired by Mubadala Petroleum in July 2022 for