UK-based explorer Cairn Energy's latest appraisal well on its SNE discovery offshore Senegal has been hailed a success. Far Ltd, a partner on SNE, has previously estimated the SNE 2C contingent resource at 468 MMbbl. An updated resource…
Douglas-Westwood (DW) forecasts deepwater expenditure to total US$137 billion from 2016-2020. This represents a 35% decline compared to DW’s previous edition of the deepwater forecast issued March 2015. The prolonged low oil price has impacted the deepwater market…
Exceed has secured a contract to support Fairfield Energy in its forthcoming North Sea well plugging and abandonment campaign. Fairfield’s program includes 45 platform wells and 16 subsea wells, all of which will be plugged and permanently abandoned…
Shell Canada’s operations offshore Nova Scotia were brought to a halt over the weekend due to severe weather, which caused a 2km pipe from the Stena IceMAX drillship to fall to the seafloor. The Stena IceMAX…
Global offshore drilling giant Transocean has set back the delivery date for five new jackup rigs by nearly four years. In an agreement with rig builder Keppel Offshore & Marine's shipyard, Keppel FELS, delivery of the five Super B 400…
Byron Energy's SM-6 #2 well in the South Marsh Island Block 6 in the US Gulf of Mexico has intersected a number of hydrocarbon bearing sands which may result in an increase in reserves estimates for the block, says partner Otto Energy. Otto…
Sweden's Lundin Petroleum is to plug and abandon its latest exploration well after it was classified as dry. Exploration well 16/4-10 was on the Fosen prospect in PL544 on the southern flank of the Utsira High in the Norwegian North Sea…
Norway's Statoil has terminated its contract with COSL Offshore Management for the semisubmersible drilling rig COSL Innovator, which it was using on the Troll field in the Norwegian North Sea. One man died and two more wre injured after a wave hit the rig on 30 December last year…
Geoquip Marine, a geotechnical engineering and offshore drilling company, will unveil its new GMTR150 rig at Oceanology International in London. The GMTR150 is a twin ram drilling rig that can be used for drilling, coring, sampling and testing in water depths up to 3500m…
Sweden's Lundin Petroleum has discovered 'significant gas shows' in the Maligan exploration well in Block SB307/SB308, offshore East Malaysia. The Maligan well was drilled with the West Prospero jackup rig to a total depth of approximately 1380m…
Dana Petroleum commenced drilling operations at the Manatee-1 exploration well on the Bakassi West block, offshore Cameroon, according to partner SDX Energy. Map of Bakassi West block, from SDX…
Ratings house Moody's issued a damning report on the health of some of the industry's top offshore drillers following a review. Out of six US offshore drilling companies, it has downgraded two by three notches, three companies' ratings…
Total's Uptonia exploration well 34/6-4 on production license 554 in the Norwegian sector of the North Sea is to be plugged and abandoned as a dry well, says the Norwegian Petroleum Directorate. The well was drilled about 6km northeast…
Smith Bits, a Schlumberger company, has released the AxeBlade ridged diamond element bit, which incorporates new-geometry Axe ridged diamond elements across the bit face. AxeBlade bits are designed to improve rate of penetration (ROP) in…
Opportunity North East (ONE) is working with oil and gas industry leaders to establish Aberdeen as a global center for offshore technology research and development. The funding announced by the UK and Scottish governments through the…