Research and Markets analysts forecast that the global offshore drilling market will grow at a compound annual rate of 10.9% (CAGR) over the period 2013-2018. One of the key factors contributing to this market growth is the increase in…
The Fugro Synergy. From Fugro Drilling and Well Services. Plugging and abandonment accounts for about 43% of decommissioning costs. Operators and service companies are looking at ways to reduce the bill…
Lundin Norway's first appraisal well in the Barents Sea Gohta oil discovery offshore Norway has confirmed the presence of oil and gas, says a partner on the well Noreco. Two production tests were also undertaken, the firm said today (21 July)…
Tullow Oil Norge's Lupus well, in production licence (PL) 507, in the Norwegian North Sea, is to be plugged and abandoned after failing to find hydrocarbons. The well (31/10-1), which was 35km southeast of the Oseberg Sør Field and 110km west of the island of Sotra…
Baker Hughes issued the June 2014 international rotary drilling rig count this week, showing a total of 1344 rigs operating outside the US & Canada in June. International activity was down 6 rigs from the 1350 rigs drilling in May 2014…
Claxton Engineering Services Ltd., an Acteon company, has completed the first rigless removal of a stuck bottom hole assembly (BHA). The work was completed during a slot recovery operation using an innovative approach at Maersk’s Tyra East field in the Danish sector of the North Sea…
KCA Deutag group company RDS has been awarded a US$10 million contract to carry out front-end engineering design (FEED) work on Statoil’s Johan Sverdrup development in the Norwegian North Sea. The FEED work will be undertaken by the RDS team in London…
Exploration drilling started on the Lupus oil prospect in production license 507 in the Norwegian sector of the North Sea yesterday. The well, 31/10-1, is about 35km south of the Oseberg field and is being drilled by the Borgland Dolphin semisubmersible drilling rig (pictured)…
EMAS AMC, announced it has installed its 50th platform for Chevron in the Gulf of Thailand. Under a multi-year contract that began in 2011, EMAS AMC has also successfully laid 376km of subsea pipes utilizing the construction vessel Lewek Champion…
Statoil announced further delay in developing the Johan Castberg project, postponing final concept selection on the Barents Sea project until 2015. “Unfortunately, the exploration campaign has proven less new oil resources in the Castberg area than expected…
The naming ceremony of the semisubmersible rig Deepsea Aberdeen was celebrated at the Daewoo Shipbuilding and Marine Engineering yard in Okpo, South Korea 25 June. The sea trials will roll out from July-August. Odfjell Drilling…
Mubadala Petroleum began drilling operations on the Rojana-A exploration well in block G11/48 in the Gulf of Thailand, partner KrisEnergy Ltd. announced on 23 June 2014. The company is drilling the Rojana-A well using Atwood Oceanics' Atwood Orca jackup rig…
Maersk Drilling has ordered the offshore oil and gas industry’s first 20,000-psi (20-ksi) rated deepwater blowout preventer (BOP) stack and riser systems. The four BOPs and two risers, ordered from GE Oil and Gas, will be used in the Project 20K agreement with BP…
GSP Saturn has arrived for exploration drilling at the Gazpromneft Sakhalin-operated Dolginskoye field, located in the Arctic shelf of the Pechora Sea. The Gazprom Neft subsidiary announced 21 January its plans to drill an exploration well and take core samples at the field…
The Bureau of Safety and Environmental Enforcement (BSEE) responded to an equipment failure onboard Transocean's Deepwater Nautilus semisubmersible drilling rig in the US Gulf of Mexico, the agency reported on 10 June 2014. Operator Shell Offshore Inc…