The offshore oil and gas industry appears to be in a fragile recovery, according to research consultancy Westwood Global Energy Group.Oil prices are expected to remain between $60/bbl and $80/bbl into the early 2020s before rising, and offshore spending between 2019 and 2023 is projected to hit $1…
As oil prices continue to stabilize, operators are looking for the most efficient drilling and intervention methods to keep their downturn inspired cost savings in place.Jack-up rigs have long been known as the cheaper alternative to their floating cousins…
Aker BP is gearing up to drill its Freke-Garm exploration well in the Norwegian sector of the North Sea using Odfjell Drilling's Deepsea Stavanger semisubmersible drilling rig. Norway's Petroleum Safety Authority (PSA) authorised the well, 15/6-15…
Despite a bounce back in exploration activity in 2018, success rates and discovered volumes have dropped, according to a report by UK-based analysts Weestwood Global Energy Group. Westwood’s 10th annual State of Exploration report reviews global…
UK-based well management firm Exceed has secured a two-year contract to support Serica Energy (UK) with its future well operations.Initial operations under the contract will be concentrated on Serica's Columbus development well, which is planned to be drilled in 2020…
Danish rig operator Maersk Drilling has announced what it's calling the first hybrid, low-emission drilling rig, based on the Norwegian Continental Shelf. Through a series of upgrades, Maersk Drilling aims to convert the Maersk Intrepid ultra…
Premier Oil has started drilling operations at Natuna, offshore Indonesia, using the jack-up drilling rig HAKURYU-11, according to rig owner Japan Drilling Company (JDC).JDC was awarded a drilling contract by Premier Oil Natuna Sea in November last year…
Talos Energy has started drilling the Bulleit appraisal well in Green Canyon Block 21 in the US Gulf of Mexico, says partner Otto Energy. The well is being drilled from the Noble Don Taylor drillship. The Bulleit prospect sits in approximately 1…
OMV has been given the green light to drill exploration wells 6506/11-11 S and 6506/11-11 A on the Halten Terrace in the Norwegian Sea. The wells are in production licence 644/644 B containing the high-pressure, high-temperature gas/condensate Hades and Iris discoveries…
UK small cap player Independent Oil and Gas (IOG) has signed a Letter of Intent to use Maersk Drilling's Maersk Resilient jack-up rig to drill the Harvey appraisal well in the southern sector of the UK North Sea. The well is expected to be started in July…
Shell UK is to extend its contract for use of Aberdeen-headquartered driller Awilco Drilling's WillPhoenix semisubmersible drilling rig for decommissioning operations in the UK North Sea. Shell UK, which already has the rig on contract, has…
Norwegian offshore driller Island Drilling Company has been awarded a contract with Faroe Petroleum Norge to drill one well in the Norwegian Sea, using the Island Innovator drilling rig.The well is located on PL888 Canela license, Block 6507/7…
Greenpeace activists climbed down from a Seadrill drilling rig in Norway on Tuesday and are no longer occupying it, the environmental group told Reuters.The rig, which was boarded by four activists on Monday, will be used next month by Equinor to explore for oil and gas in the Arctic…
Greenpeace activists on Monday climbed aboard a Seadrill drilling rig commissioned by Equinor in protest against oil and gas drilling in the Norwegian Arctic, the group told Reuters.Four activists climbed aboard the West Hercules rig, the organisation said…
Singapore-based rig builder Keppel FELS announced Friday it has delivered a new jackup rig to EnscoRowan. The US based driller, the product of a recent merger between Ensco and Rowan, has a contract to deploy the rig in the UK North Sea.The…