Offshore Drilling News

Eni Boosts Agogo Field Reserves Estimate to Over 1 Billion Barrels

6 hours ago

Italian oil company Eni has upgraded its resource estimate for the Agogo field offshore Angola to over one billion barrels of oil in place. The field started production in January 2020.Eni said Wednesday it had successfully drilled Agogo-3,…

Bahamas Petroleum Gets Gov't Nod for Perseverance #1 Offshore Well

9 hours ago

Bahamas Petroleum Company has received environmental authorization for its Perseverance #1 offshore well, expected to spud in April offshore The Bahamas.'Authorization represents the conclusion of an extensive and thorough process over many years…

Seadrill: Rig Market Recovery Slowed Down, Debt Talks Continue

9 hours ago

Offshore drilling firm Seadrill said on Thursday the recent recovery of rig markets had slowed at the start of 2020, and that discussions with creditors on how to handle its massive debts would continue.The company booked $39 million in adjusted earnings before interest…

Lebanon Set to Spud Its First Offshore Well

Feb 26, 2020

Lebanon's much-delayed search for offshore oil and gas is set to begin on Thursday with the results from its first exploratory well expected in the next two months, the chairman of the Lebanese Petroleum Administration (LPA) said on Wednesday…

Sen. Rubio Expects Trump Will Extend Drilling Ban Off Florida

Feb 26, 2020

U.S. Senator Marco Rubio on Tuesday said he was confident the administration of President Donald Trump will extend a ban on oil and gas drilling off Florida, despite its enthusiasm for opening much of the country's coasts to petroleum development…

Saipem Raises Outlook After Beating Targets

Feb 26, 2020

Italian oil services group Saipem said on Wednesday it expected higher sales this year after it beat its 2019 targets and introduced a dividend for the first time in seven years.But it warned that concerns over the impact of the coronavirus…

Wellesley Charters Dolphin Drilling Rig for NCS Ops

Feb 26, 2020

Norwegian offshore drilling company Dolphin Drilling has signed a drilling contract for one of its rigs with Wellesley Petroleum.According to a statement released by the Dolphin Drilling CEO Bjørnar Iversen, the contract is for one firm well on the Norwegian Continental Shelf…

Wintershall Cuts Balderbrå Discovery Estimate After Appraisal Duster

Feb 26, 2020

Wintershall Dea Norge has reduced the size estimate of its Baldebra discovery in the Norwegian Sea, after an appraisal well near the 2018 gas find proved dry.The 6604/5-1 gas discovery was proven in Upper Cretaceous reservoir rocks (the Springar Formation) in 2018…

Charlie-1 looms as potential company maker for 88 Energy

Feb 25, 2020

Alaskan focused oil and gas group, 88 Energy Ltd (ASX:88E) provided a further update on Monday regarding the progress of the group’s Charlie-1 appraisal well on the North Slope of Alaska.With the rig mobilised and drilling to start this weekend…

Wintershall Dea, Capricorn Get Approvals for Norwegian Wildcats

Feb 25, 2020

Norwegian offshore safety regulator PSA Norway on Monday gave its approvals for offshore exploration drilling plans by Wintershall Dea Norge and Capricorn Norge. Wintershall Dea Norge, a Norwegian subsidiary of the German company Wintershall Dea…

Azinam, Panoro Farm Into Africa Energy's S. Africa Offshore Block

Feb 25, 2020

Seacrest-capital backed Azinam and Oslo-listed Panoro Energy have agreed to farm into Africa Energy's Block 2B offshore South Africa, which contains the A-J1 oil discovery.Azinam will take a 50% stake and become the operator of the block, while Panoro will acquire a 12% percent share…

Serica to Hire WilPhoenix Rig for Rhum Field Work

Feb 25, 2020

London-listed oil firm Serica Energy plans to use Awilco Drilling's semi-submersible drilling rig WilPhoenix for a one-well workover on the Rhum field in the UK sector of the North Sea.Offshore drilling contractor Awilco Drilling said Tuesday…

Geoquip Marine Upgrades DP2 Vessel

Feb 24, 2020

Offshore geotechnical engineering and drilling company Geoquip Marine has announced the conclusion of an extensive conversion and upgrade to its most recently acquired multipurpose geotechnical vessel, the Geoquip Speer, making it suitable for international DP operations…

Tendeka Appoints BD Manager for S. America

Feb 24, 2020

Tendeka has appointed a new business development manager for South America as the company increases its support for oil and gas operators in the region.Renato Barbedo will work with operators across the continent to deploy Tendeka’s broad range of products and technologies…

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