Oil and gas supply chain leaders need to drive “transformational change” to bring down costs before the multi-billion North Sea decommissioning program will start, a leading industry figure said. Supply chain companies in the East of…
Statoil will cancel the contract with the China Oilfield Services Ltd. (COSL) vessel, COSL Pioneer, about 13 months before the expiry date of August 2016, reports the company. COSL Pioneer has been suspended since 8 October 2014 and Statoil…
Petronas subsidiary PSE Seven Heads has agreed a contract to drill on the Midleton prospect offshore Ireland starting in August, according to partner Lansdowne Oil & Gas. PSE Seven Heads, a subsidiary of Petronas' PSE Kinsale Energy will…
Premier Oil is hoping to spud an exploration well on the Baguss prospect in Block 13/24c in the UK North Sea in H1 2016, according to partner North Sea Energy. The Bagpuss well targets lower cretaceous sands, jurassic sands and a granite wash formation about 1400ft subsurface…
Wintershall Norge, operator of production license 378, is in the process of completing the drilling of wildcat well 35/12-5 S. The well was drilled about 15km southwest of the Gjøa field in the North Sea and 80km southwest of Florø…
The Petroleum Safety Authority Norway has granted ConocoPhillips consent to use the Maersk Gallant mobile drilling facility for plugging and abandoning a production well at Eldfisk 2/7 A. Eldfisk is an oil field lying due south of Ekofisk in 70-75m of water in the southern North Sea…
ITC Global completed installation and commissioning of communications systems for 35 rigs in the Shelf Drilling, Ltd.’s fleet. Shelf Drilling is the world’s second largest contractor of independent-leg cantilever jackup rigs. Headquartered in Dubai…
The plugging and abandonment (P&A) of offshore wells represents a significant cost to operating companies and national authorities. On the Norwegian Continental Shelf (NCS) alone, the cost is estimated to be US$108 billion (NOK 870 billion) during the next 40 years…
Tropical storm Bill in the Gulf of Mexico (GOM) is causing rig evacuations. The storm is 300mi wide, with winds up to 50 mph and rainfall from 6-10in in some areas. Tropical Storm Bill (2015). From NOAA's National Hurricane Center Facebook…
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…
