Offshore Drilling News - page 239


ADES International Renews Offshore Rig Contract

Dec 14, 2018

The oil and gas drilling and production services company ADES International said that it has renewed an existing contract for the offshore rig known as Admarine 657, which is currently operating in Saudi Arabia.The renewal for Admarine 657 would…

Parker Drilling Files for Bankruptcy Protection

Dec 12, 2018

Parker Drilling files for pre-arranged Chapter 11 reorganizationOilfield services provider Parker Drilling Co said it filed for bankruptcy protection on Wednesday under an agreement with a group of debtors that will allow it to quickly restructure…

Norway to Drillers: Fix Oil Rig Lifeboat Safety

Dec 12, 2018

Norway's Petroleum Safety Authority (PSA) has told Transocean, Maersk Drilling and Odfjell Drilling to beef up emergency evacuation equipment and procedures on 22 offshore oil rigs, it said on Wednesday.Drilling rigs are equipped with enclosed…

Total Invites Activists to Drilling Site Off French Guyana

Dec 11, 2018

Total invited environmental activists on Tuesday to visit a planned offshore drilling site in French Guyana and said the project would not endanger coral reefs in the region.The firm said it was ready to start exploration around 150 km (93 miles)…

Eni Makes New Oil Find Offshore Angola

Dec 10, 2018

Italy's Eni said it ha struck a new oil discovery in the Afoxé exploration prospect located in Block 15/06, offshore Angola.The discovery, estimated to contain between 170 and 200 million barrels of light oil in place, was made in the Afoxé-1 NFW well located in the southeast area of Block 15/06…

Hess, Conoco Raise 2019 Production Outlook

Dec 10, 2018

Oil and gas producer Hess Corp and Conocophillips both expect production for 2019 to be higher than this year even as they spend roughly the same amount of money on exploration, the companies said on Monday.Investors have been urging U.S. oil…

Malaysia Agrees to Extend Oil Output Cut

Dec 10, 2018

Malaysia will extend its oil production cuts by another six months after the agreement between OPEC and other oil producers to reduce global supply ends this year.OPEC and non-OPEC producers agreed at a meeting in Vienna on Friday to a new level of production cuts from January to June 2019…

Tower Resources Hires Vantage Drilling for Cameroon Well

Dec 09, 2018

UK-based Tower Resources has announced it has contracted US offshore driller Vantage Drilling International to provide drilling operations at the NJOM-3 well offshore Cameroon. The well is located in Tower’s 100%-owned Thali licence.The Topaz Driller is a Baker Marine Pacific Class 375 jack-up…

Sound Energy Starts Drilling Well in Eastern Morocco

Dec 09, 2018

Moroccan focused upstream gas company Sound Energy confirmed that the drilling at TE-10, the second well of a planned three exploration well campaign in Eastern Morocco, has commenced.The TE-10 well will test the North East Lakbir prospect in…

Total Denied Permit to Drill Amazon Basin

Dec 07, 2018

Brazil environmental regulator Ibama on Friday said it had denied a permit to French oil major Total SA to drill in the environmentally sensitive Foz do Amazonas Basin for a fifth and final time.Ibama said in a statement that it agreed with…

Ophir Makes Paus Biru Gas Discovery

Dec 07, 2018

U.K.-based Ophir Energy announced Friday its Paus Biru-1 exploration well in Sampang PSC offshore Indonesia has resulted in a gas discovery.The well was drilled to a total measured depth (MD) of 710 meters and encountered 29 meters of estimated…

Hybrid Power for Offshore Drilling Rig

Dec 07, 2018

Siemens announced Friday it will supply a lithium-ion battery-based energy storage solution (ESS) to an offshore drilling rig, in a world-first project that aims to reduce cost and minimize environmental impact.Siemens, drawing off its experience in the electrification of marine assets…

Spirit Energy Takes Over as Babbage Operator

Dec 07, 2018

Spirit Energy confirmed on Friday it it has taken over operatorship of the Babbage gas field in the U.K. North Sea, where it holds a 13 percent interest.The Europe-focused oil and gas operator has also taken on operatorship of the nearby Cobra licence…

Chevron Will Boost Capital Spending in 2019

Dec 07, 2018

Chevron Corp plans to spend $20 billion next year on oil and natural gas projects, the second-largest U.S. oil producer said on Thursday in a statement, its first increase in four years.Its 2019 capital spending budget is at the high end of…

ADNOC Contracts Shelf Drilling

Dec 06, 2018

Dubai-headquartered offshore drilling contractor Shelf Drilling has bagged a three-year contract award for the Compact Driller jack-up rig with ADNOC Drilling, a division of Abu Dhabi National Oil Company (ADNOC)The contract is awarded for operations in the Arabian Gulf…

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