Rystad Energy’s latest research indicates that 88 units within the floater market will have to be taken out between 2015 and 2017, making it the largest ever retirement cycle in the history of offshore drilling. Research shows that this…
Noble Energy started drilling on the potentially play-opening Humpback prospect in the south Falklands basin on Saturday, according to partner Falkland Oil and Gas (FOGL). According to Noble, Humpback holds 250 MMbbl estimated gross…
Statoil has awarded Odfjell Drilling two contracts worth more than US$550 million (NOK 4.35 billion) for drilling services on its massive Johan Sverdrup field. The $14.8 billion first phase development on the field will see four, bridge-linked installations alone…
Houston-based Paragon Offshore entered into a US$300 million sale-leaseback agreement with SinoEnergy for two heavy-duty harsh environment jackup rigs. Propsector 1. From Paragon. According to the terms of the agreement…
Lundin's Morkel exploration well in the Norwegian sector of the North Sea has made a small but uncommercial discovery. The well, 33/2-2 S in production licence 579, was drilled about 40km northwest of the Snorre field, 180km west of Florø…
In this video, Shell shows the operation of the Noble Globetrotter II as it passed through the Bosphorus Bridge. The vessel is equipped with a multipurpose tower (MPT) specially designed to easily enter the Bosphorus. Its removable…
Premier Oil has taken over 100% interest in its Solan field development West of Shetland as the project nears first oil. Premier says the Ocean Valiant rig has arrived at the Solan field and drilling of the second pair of producer-injector wells is due to start imminently…
Keppel FELS in Singapore is on track to deliver three KFELS B Class jackup rigs to Mexico's Grupo R, the company announced on 30 May, following a triple naming ceremony. Built to Keppel's proprietary KFELS B Class design, the three identical rigs were named CANTARELL I…
Rig owner and operator Songa Offshore is close to taking delivery of the first two of four Cat D rigs it is building to work for Norway’s Statoil. The Songa Equinox has completed sea trials and is scheduled for delivery mid-June. The…
Premier Oil’s “high-impact, play-opening” Isobel Deep North Falkland Basin well has made an oil discovery, the operator confirmed this morning, in higher than expected reservoir pressure. Operations have been suspended and the rig will be released to drill in the South Falkland Basin…
Kongsberg Maritime has been awarded a call-off order for delivery of the safety and automation system (SAS), life cycle simulator and SAS information management system for the four platforms on Statoil’s Johan Sverdrup development field center…
Drilling rig equipment manufacturer Bentec has been awarded three multi-million dollar contracts, including the firm’s first complete rig for the Caspian Sea offshore sector. The Caspian rig contract is for Nobel Oil for work off the coast of Azerbaijan…
The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum a drilling permit for well 6706/11-2 on the Gymir prospect. Well 6706/11-2 will be drilled from the Transocean Spitsbergen semisubmersible drilling rig after completing…
OMV's Maari MR7A development well is now online offshore New Zealand, according to joint venture partner Cue Energy. Map of PMP 38160. From Cue. The Maari MR7A well is located in PMP 38160 in the Taranaki basin…
Statoil's Norwegian Sea Bister well found no oil, partner Faroe Petroleum reports. Drilling on Bister, in production license 348/C, near the 2013 Snilehorn discovery, reached target depth and intersected good quality reservoirs, but no hydrocarbons were found…