French energy producer Total could invest up to $10 billion in the North Sea over the next five years but cost discipline must be maintained as a matter of urgency, Chief Executive Officer Patrick Pouyanne said on Tuesday.As part of its efforts…
Mexican state-owned giant Pemex has chartered two jack-up rigs built and currently owned by Chinese yard CIMC Raffles.The two 400ft Jack-Up Drilling Rigs held a naming and departure ceremony at Longkou. The two rigs will soon sail to the gulf…
Seadrill has secured a one-year contract with LLOG for the West Neptune operating in the US Gulf of Mexico, the offshore drilling contractor announced on Monday.Total contract value is expected to be approximately $74 million with commencement in December 2019…
Maersk Drilling has entered a $7.6 million contract with Petrogas North Sea to drill an appraisal well at the Birgitta field in the Central part of the UK North Sea, the Danish drilling contractor said on Monday.The contract is expected to commence in March 2020…
Polish state-controlled oil and gas company PGNiG said its unit PGNiG Upstream Norway started drilling an exploration well in licence area PL838 (the Shrek prospect) on the Norwegian Continental Shelf, for the first time in the role of the operator…
Oslo and New York-listed Borr Drilling, partly owned by Schlumberger, said on Thursday it expected strong core earnings growth in coming months with demand for its rigs set to rise.The offshore drilling rig contractor reported a negative adjusted earnings before interest…
OKEA announced it has won a tender from fellow oil producer Neptune Energy for supply to drilling operations on the Fenja field (formerly Pil & Bue) at Haltenbanken, offshore Norway.The 89-meter platform supply vessel (PSV) Siem Pride will supply…
The hydrocarbon exploration company Vaalco Energy is set to begin a drilling program off Gabon following a successful full-field maintenance shutdown at the Etame Marin licence.The Houston-based energy company provided an operational update…
Networking solutions provider RigNet announced on Wednesday that it has signed a multi-year agreement with Borr Drilling to exclusively provide enhanced managed communication services on any band (C, Ku or Ka) on all of the offshore drilling…
The success of a drilling operation hinges upon finding the right solutions for a specific site. As fluids have different base liquids, chemical additives and diverse physical characteristics, they can behave differently in varying environments…
Drilling rigs and equipment firm HENDERSON said it has named Chris Naquin as senior business development manager.His job responsibilities will include building and maintaining relationships with drilling contractors to service their fabrication…
Noble Energy has made a new discovery in Block 1 offshore Equatorial Guinea, with the U.S. company expecting to produce new oil by tapping into existing infrastructure by October, the oil minister said on Tuesday.'We are excited to announce this discovery…
Norway-based offshore services company and provider of drilling technology products Neodrill announced it is bringing its Conductor Anchor Node (CAN) technology to the US and Mexico.To support this effort, the company has hired Tony Smith in…
Operator Tullow started drilling a fresh exploration well in Guyana's offshore Orinduik block, partner Eco Atlantic announced on Tuesday.Joe-1 was spud August 25 using the Stena Forth drillship, which previously drilled the recently announced Jethro discovery…
The global market for mobile offshore drilling units (MODU) is expected to expand at a CAGR of almost 9% during 2019-2023, according to a recent report.The report by ResearchAndMarkets predicts exploration and production (E&P) operations will…