Italian oil services group Saipem is looking for partners for its drilling business, while it has ruled out a trade sale, the company's chief executive said on Thursday.Saipem, controlled by Italian state lender CDP and oil major Eni, is seeking…
Germany's largest crude oil and natural gas producer Wintershall won the bidding process for two blocks in the promising Malvinas Basin off the coast of Tierra del Fuego as part of the “Costa Afuera” licensing round.In addition to the CMA-1 exploitation concession…
Talos Energy said it has completed a successful Zama appraisal well and production test in Block 7, located in the offshore portion of Mexico's Sureste Basin.Talos is the operator of the bock, and its partners are Sierra Oil & Gas, a company of DEA Deutsche Erdoel AG…
Singapore based Keppel Offshore & Marine announced Wednesday it has won two contracts: one from Diamond Offshore for the upgrade of the drilling semisubmersible rig Ocean Onyx, and the other from an unnamed operator for fabrication and integration…
China Merchants Heavy Industry (CMHI) has received Approval in Principle (AiP) certificates from classification society DNV GL for two new offshore units: an arctic single column drilling unit and a wind turbine shuttle.The certificates, which…
UK based oil and gas company Hurricane Energy announced on Wednesday it has spudded its first well at Warwick Deep, west of Shetland.The 205/26b-C well was spudded on Tuesday evening using the Transocean Leader drilling rig, the company said…
Services company Halliburton announced Wednesday it has secured an integrated services contract with Royal Dutch Shell for post-salt development and pre-salt exploration in the Campos and Santos Basins offshore Brazil.Under the contract, which includes a three-year term with a two-year extension…
The Norwegian Petroleum Directorate has granted Aker BP a drilling permit for well 25/11-29 S in production licence PL 916.The well will be drilled from the Deepsea Stavanger drilling facility in position 59°02'48.44'N and 02°26'21.80'E after…
Japanese hydrocarbon exploration, production and transportation company, Japan Petroleum Exploration Co., Ltd. (JAPEX) has started the exploratory drilling at offshore Hidaka area of Hokkaido.The drilling job is a part of the offshore exploration…
Santos announced Tuesday it has confirmed significant gas resource in the Corvus-2 appraisal in the Carnarvon Basin, offshore Western Australia.Corvus-2 is located in 63 meters water depth, approximately 90 kilometers northwest of Dampier in Commonwealth waters within petroleum permit WA-45-R…
The Norwegian Petroleum Directorate (NPD) has granted the Norwegian energy giant Equinor a drilling permit for offshore wells 6507/3-13 and 6507/3-13 A in the Norwegian Sea.Wells 6507/3-13 and 6507/3-13 A will be drilled from the Transocean Spitsbergen…
Rising oil prices are proving the fountain of youth for aging rig fleets, and the resultant surge in rig relevance is stirring financiers to find new ways of hanging on to rig revenues.There’s no better example of the new finance fondness for…
Mediterranean focused Energean Oil and Gas announced Monday it has made a 'significant gas discovery' at the Karish North exploration well, offshore Israel.Preliminary analysis indicates initial gas in place estimates of between 1 Tcf (28 Bcm) and 1…
MHWirth, a company owned by Akastor, has signed a contract with Keppel FELS for delivery of one drilling equipment package for a new mid-water semi-submersible drilling rig. This is the first out of three options that were given when Keppel…
The oil and gas service company in the completion sector Tendeka reports it has more than doubled its work in the UK offshore sector over the past 12 months.The independent global completions service company said in a press release that the…