After a period of dormancy, drilling activity and rig utilization is up. Yet despite an increase in demand for rigs, there is still an oversupply. Few long-term fixtures, gaps in schedules and rigs moving between different regulatory regimes create new rig intake challenges…
Whatever the state of gas markets, new Norway operators keen on the commodity as cheap energy for millions of their citizens or as lynchpin of a new chemicals industry are pressing ahead taking organizational hiccups in-stride.That’s the case of Polish gas player…
Oilfield services provider Weatherford said it has signed a $220 million, three-year contract with the Abu Dhabi Company for Offshore Petroleum Operations Limited (ADNOC Offshore' to provide directional drilling services for the stated goal…
UK based oil and gas company Hurricane Energy said the 204/30b-A (Warwick West) well was spudded on Tuesday using the Transocean Leader rig.Warwick West is the third and final well of the 2019 Greater Warwick Area drilling program on Hurricane's…
Norwegian oil company Okea ASA Okea has been granted safety consent to drill its first operated wells off Norway, with drilling of a pair of probes near its Draugen field due to start next month. According to a press note, the Norway's Petroleum…
American upstream oil company Kosmos Energy reported that the Yakaar-2 appraisal well offshore Senegal has confirmed a world-scale natural gas resource in the BP-ledYakaar-Teranga gas project.The Yakaar-2 appraisal well was drilled in approximately 2…
Rig inspection services company ModuSpec said it has reemerged as an independent operating company following a strategic restructure of engineering and technical professional services organization Lloyd’s Register (LR).In March, LR announced…
Offshore drilling contractor Transocean announced on Monday that it will not take delivery of two newbuild drillships that were scheduled to be handed over from Korean builder Samsung Heavy Industries (SHI) in 2019 and 2020.Transocean said two of its indirect…
Australian authorities say they have resumed assessing the environmental plan for Equinor's proposed exploration drilling activity in the Great Australian Bight after the Norwegian energy company provided additional information requested as part of the review…
The 13/23c-9 pilot well on i3 Energy's 100% owned Liberator field has been plugged and abandoned as planned following completion of the vertical seismic profile ('VSP') survey and shear wave sonic logging, the independent oil and gas company said in an operations update on Friday…
Maersk Drilling announced that Equinor has exercised two options of two months each for the Maersk Intrepid jack-up rig to continue working at the Martin Linge field offshore Norway.In addition, the parties have signed a further two-month extension…
Chevron has sanctioned a project to increase recovery in the St. Malo field, as the US based supermajor looks to maximize existing resources in the Gulf of Mexico.The waterflood project is Chevron’s first in the deepwater Wilcox trend and is…
Talos Energy announced it has entered into two separate agreements with BP and ExxonMobil related to new exploration opportunities in the U.S. Gulf of Mexico. The company said it will work with BP to drill and evaluate the Puma West prospect…
Spanish oil company Repsol has terminated a contract with U.S. firm Dril-Quip for the delivery of offshore equipment for a project in Vietnam.Houston-based Dril-Quip has announced that the contract award between its subsidiary Dril-Quip Asia Pacific Pte Ltd…
Cooper Energy said it has been awarded the offshore exploration permit VIC/P76 located in the Otway Basin, offshore Victoria.VIC/P76 comprises an area of 162 square kilometers in water depths ranging from 60 meters to 70 meters. Commercial gas discoveries surround the permit…