Nido Petroluem is launching a US$24 million (A$31.9 million) offer to fund drilling of an appraisal well to the Galoc discovery, offshore the Philippines. Nido is looking to raise the funds through an 11.2 for 1 pro‐rata renounceable entitlement offer of new shares at an offer price of $…
Quadrant Energy has confirmed a successful well test from the Roc-2 well, offshore Western Australia, that shows significant potential in a largely unexplored area. Map of Roc-2, from Quadrant…
Mexican state owned oil company Petróleos Mexicanos (Pemex) has applied to Mexico's Energy Ministry, SENER, for a joint venture for two shallow water fields in the Gulf of Mexico on 18 October, according to news reports. Image from Pemex…
Hurricane Energy has reported a sustainable flow rate from a horizontal side-track well at its Lancaster discovery, West of Shetland, offshore the UK. Image from Hurricane. The…
Statoil has made an oil and gas discovery at the Njord North Flank in the Norwegian Sea that could potentially hold up to 28.3 MMboe, according to partner Faroe Petroleum. The Songa Delta, from Songa Offshore…
Norwegian operator Statoil is dealing with a well control incident on the Songa Endurance semisubmersible drilling rig at the Troll field in the Norwegian North Sea. The incident started on Saturday (15 October) morning. The well was…
French supermajor Total has made a small gas and condensate discovery in the northeast part of the Martin Linge field offshore Norway. Total estimates about 12-69 MMboe was found in the well, on production license 043, drilled using the Maersk Intrepid jackup in 115m water depth…
Supermajor BP has dropped its deep water drilling plans in the Great Australian Bight, offshore South Australia. The project will not be able to compete for capital investment with other upstream opportunities in its global portfolio in the foreseeable future…
Jersey Oil & Gas (JOG), with its co-venturer, CIECO Exploration and Production (UK) Ltd. (CIECO), have completed the sale and purchase agreement with Statoil for the farm-out of a 70% working interest in UK Seaward License P.2170, Blocks 20/5b and 21/1d in the UK Central North Sea…
Norway's Petroleum Safety Authority (PSA) has given Statoil consent to drill four survey wells in order to obtain information about the reservoir conditions in the field. Drilling, in 110-120m, using the Deepsea Atlantic semisubmersible drilling rig…
With the downturn taking many drillships off the market, ABS’ Dave Forsyth and Landon Fields discuss how to bring those ships back up to speed when the market recovers. Safe and rapid reactivation…
Oil India Ltd. (OIL) and the University of Houston (UH) have entered into an agreement to collaborate on technologies required to maximize recovery from aging oilfields in India. The duo will cooperate in the fields of improved oil recovery and enhanced oil recovery…
BHP Billiton discovered oil at its Caicos exploration well in the deepwater Gulf of Mexico, and revealed plans to drill at a nearby well in November. Map of Central GoM, including Caicos, Shenzi North…
Hydraulic cutters and systems provider Allspeeds, the designers and manufacturers of Webtool, has developed a compact remotely operated vehicle (ROV) cut loop cutter for emergency activation of a blowout preventer (BOP). The Webtool cut loop…
Desktop whiteboards, iPads and even 3D printed models are being used to help train today’s well control engineers. Elaine Maslin sets out the detail. From the comfort of your iPad. Photo from Learn to Drill…