Offshore Drilling News


Vietnam, China in South China Sea Standoff

Jul 17, 2019

Vietnamese and Chinese ships have been embroiled in a weeks-long standoff near an offshore oil block in disputed waters of the South China Sea, which fall within Vietnam's exclusive economic zone, two Washington-based think-tanks said on Wednesday…

Equinor Drills Dry Well in North Sea

Jul 17, 2019

Equinor Energy AS, operator of production licence 502, has completed the drilling of wildcat well 16/5-7.Equinor’s objective was to investigate potential reservoir rocks in several levels: Upper Jurassic intra Draupne Fm sandstones, Upper Triassic Skagerrak Fm…

Parker Drilling CEO to Retire

Jul 16, 2019

Oilfield services firm Parker Drilling Company said its president, CEO and director, Gary Rich, will retire later this year.The Houston-based company, which completed a financial restructuring earlier this year, said Rich will remain in his…

Cyprus Rejects Turkish Cypriot Gas Share Proposal

Jul 16, 2019

Cyprus on Tuesday rejected a Turkish Cypriot proposal that the two communities cooperate in the search for gas off the island, saying it was a diversion technique to real negotiations on ending the division of the country.'The proposal of the Turkish Cypriot leader…

Africa to Complete 6 High Impact Wells

Jul 16, 2019

As many as six high impact wells are yet to be completed this year around Africa, after several consecutive low-activity years with only a few positive results.According to the energy research and business intelligence company Rystad Energy…

Expro to Supply IRS Offshore Mauritania

Jul 15, 2019

Oilfield services company Expro said it has been awarded a contract by Pacific Drilling subsidiary Pacific Santa Ana for the provision of an Intervention Riser System (IRS) for PETRONAS’s Chinguetti Field Phase II plug and abandonment (P&A) contract…

Hurricane Energy Spuds Lincoln Crestal

Jul 15, 2019

UK-based oil exploration and production company Hurricane Energy said it has spudded the second of three wells on the Greater Warwick Area in the UK North Sea.Well 205/26b-B well, or Lincoln Crestal, was was spudded – the start of the drilling process – using the Transocean Leader rig…

50 Wells to be be Drilled in 2019: NPD

Jul 15, 2019

The Norwegian Petroleum Directorate (NPD) expects that more than 50 exploration wells will be drilled in 2019. This is just as many as in 2018. Most of the wells being drilled in 2019 are wildcat wells, while in 2018 there was an almost equal number of wildcat and appraisal wells…

NPD: High Activity in Norwegian Shelf

Jul 15, 2019

Norwegian Petroleum Directorate (NPD) announced that production on the Norwegian shelf is holding steady at a high level. Many projects are in the development or planning phases.It said that many exploration wells are being drilled. There have been few discoveries in the first half of the year…

Turkey Plans to Continue Drilling off Cyprus

Jul 14, 2019

Turkey will continue drilling for gas in waters off Cyprus if the internationally recognized Greek Cypriot government does not accept a cooperation proposal put forward by Turkish Cypriots, Ankara's foreign minister said on Sunday.Mevlut Cavusoglu…

Aker BP Boosts Exploration Capex

Jul 12, 2019

Norwegian oil firm Aker BP said it would slightly increase its capital and exploration spending this year as it reported second-quarter results that fell year-on-year.Aker's net income fell to $62 million in the quarter from $128 million a year earlier…

Aker BP Makes Oil Discovery off Norway

Jul 12, 2019

Norwegian oil firm Aker BP has made an oil discovery off Norway which could strengthen its hand in negotiations with sometimes partner Equinor on how to develop fields.Aker BP, formed from a merger of BP's Norwegian oil assets and the Det norske oil firm controlled by billionaire Kjell-Inge Roekke…

EU Threatens Turkey with Sanctions over Cyprus Drilling

Jul 11, 2019

The European Union is set to curb contacts and funding for Ankara in retaliation for what it calls Turkey's 'illegal' drilling for gas and oil off Cyprus and stands ready to ramp up sanctions further, a draft statement seen by Reuters shows…

Capricorn Norge Drills Dry Well

Jul 11, 2019

Norwegean oil and gas exploration and production company Capricorn Norge AS has completed the drilling of wildcat well 6508/1-3. The well was a dry hole.According to Norwegian Petroleum Directorate (NPD), the well was drilled about 6 kilometers…

Dominican Republic Kicks Off Licensing Round

Jul 10, 2019

The Dominican Republic's first oil licensing round will be a success if it awards more than two of the 14 blocks on offer this year, a government official said at an event disclosing the Caribbean nation's fiscal terms.The licensing round, which began on Wednesday with disclosure of contract terms…

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