Offshore Drilling News - page 2

Turkey Inks Maritime Boundaries Deal with Libya

Nov 28, 2019

Libya's internationally recognized government and Turkey have signed an agreement on maritime boundaries in the Mediterranean Sea that could complicate Ankara's disputes over energy exploration with other countries.Turkey, which announced the…

U.S. Drillers Cut Rigs for 12th straight Month

Nov 27, 2019

U.S. energy firms reduced the number of oil rigs operating for a record 12th month in a row after this week cutting rigs for a sixth consecutive week as producers slash spending on new drilling.Drillers cut three oil rigs in the week to Nov…

Solveig buys oilfield operator Capricorn from Cairn

Nov 27, 2019

Norwegian pipeline firm Solveig Gas has agreed to buy oil firm Capricorn Norge from Cairn Energy for $100 million, completing its transformation into a North Sea field operator, Solveig's owner HitecVision said on Wednesday.The private equity…

PetroRio Steadily Growing with Mature Fields

Nov 27, 2019

PetroRio, a Brazilian independent oil company specialized in revitalizing mature oil fields, has excelled at using cutting edge recovery technology, and applying an efficient program of reservoir management to pinpoint mature fields with potential to increase recovery…

Wintershall Gains Norwegian Sea Drilling Permit

Nov 27, 2019

The Norwegian Petroleum Directorate (NPD) has granted Wintershall Dea Norge, a Norwegian unit of the German oil company Wintershall Dea, a drilling permit for well 6604/6-1, located in the Norwegian Sea.Wintershall Dea Norge has made a minor oil discovery in the the Scarabeo 8 drilling facility…

ConocoPhillips Cleared to Drill Hasselbaink

Nov 26, 2019

ConocoPhillips has received the green light from Norway's Petroleum Safety Authority to drill an exploration well in block 25/7, slightly west of the Balder/Ringhorne fields in the center of the Norwegian sector of the North Sea.Well 25/7-9 S belongs to production licence 917…

IKM Cleandrill Merges with Enhanced Drilling

Nov 26, 2019

Enhanced Well Technologies AS, a company owned and controlled by EV Private Equity together with Shell Ventures B.V. and the IKM Group, announced the acquisition of riserless mud recovery services provider IKM Cleandrill AS. This acquisition…

Arnold Joins Valaris Board of Directors

Nov 26, 2019

London headquartered offshore drilling contractor Valaris said it has appointed Frederick Arnold to the company's board of directors, as the company as part of an ongoing board refreshment plan.Arnold, who joins the board as an independent director effective immediately…

Coretrax Acquires Churchill

Nov 26, 2019

Well construction and intervention company Coretrax announced on Tuesday it has acquired Churchill Drilling Tools for an undisclosed sum as part of an ongoing growth and expansion strategy.Coretrax has been investing heavily in developing technology…

Equinor to Drill 30-40 Exploration Wells in 2020

Nov 26, 2019

Norway's Equinor plans to drill 30-40 oil and gas exploration wells globally in 2020, similar this year, with Brazil being a 'hotspot' of its international efforts, the company's exploration head said on Tuesday.The company will drill about 20-30 exploration wells on the Norwegian continental shelf…

Valaris New Contracts Touch $285Mln

Nov 26, 2019

Valaris, the provider of offshore drilling services across all water depths and geographies,  announced new contracts and contract extensions, with associated revenue backlog of approximately $285 million.The United Kingdom-based offshore drilling contractor…

Chase the Right Metrics for Better Production Results

Nov 24, 2019

Oil and gas companies track and incentivize a variety of metrics, but these actions can inadvertently lead to lower production levels and affect lifting costs.If there’s an incentive for fast drilling instead of precisely placed wellbores that maximize contact with sweet spots…

Halliburton Unveils Xtreme Single-Trip Multizone System

Nov 21, 2019

Oilfield services company Halliburton introduced the Xtreme Single-Trip Multizone (XSTMZ) system for completing wells in deepwater and ultra-deepwater conditions up to 15,000-psi, to be used by a major operator in the Gulf of Mexico in 2020…

Seadrill Chairman Steps Down

Nov 21, 2019

Seadrill Chairman John Fredriksen, the oil rig firm's top shareholder, is stepping down with immediate effect, the company said on Thursday, as it holds discussions with lenders about restructuring its massive debts.The 75-year-old billionaire investor…

Oil Price Adds to Drill Mix

Nov 21, 2019

With the oil price tracking a course that’s keeping nearly every oilfield viable, operators in the second half of 2019 are drilling a bevy of exploration and production wells that’s just lifting rig futures.Paradoxically, oil companies drill…

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Cyprus Petitions The Hague to Safeguard Offshore Rights

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VOS Champion Starts New Charter


Offshore Engineer (Sep/Oct 2019)

This issue of Offshore Engineer is dedicated to Big Data and Digitalization


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