Offshore Drilling News


Investments in Exploration Drilling to Double

Aug 05, 2019

Rystad Energy sees investments both in offshore and onshore exploration drilling doubling in the next five years, compared to the last five years. Conventional onshore demand will be driven by Asia, Africa and South America.Europe on the other hand…

Seadrill Ivory Coast Contract Terminated

Aug 05, 2019

Seadrill Partners, the deep-water drilling contractor for the petroleum industry, has received an early termination notice from an unnamed operator for the West Vencedor rig contract offshore Ivory Coast.The contract was expected to start in 3Q 2019…

Baker Hughes: U.S. Cuts Rigs for Fifth Straight Week

Aug 02, 2019

U.S. energy firms this week reduced the number of oil rigs operating for a fifth week in a row as most independent producers cut spending even though majors were still pushing ahead with investments in new drilling.Drillers cut six oil rigs in the week to Aug…

Aker BP Granted North Sea Drilling Permit

Aug 02, 2019

The Norwegian Petroleum Directorate (NPD) has granted Aker BP, the oil exploration and development company focusing petroleum resources on the Norwegian Continental Shelf,  a drilling permit for well 2/1-17 S located in the North Sea offshore Norway…

Drilling Tool Saves a Wellhead Jetting Trip

Aug 01, 2019

Oilfield services company Churchill Drilling Tools revealed that an operator was able to improve its wellhead base jetting operations by deploying the DAV MX CircSub downhole circulation tool.The client, a major North Sea operator, having completed…

NPD Grants North Sea Drilling Permit to ConocoPhillips

Aug 01, 2019

The Norwegian Petroleum Directorate (NPD) has granted ConocoPhillips Skandinavia AS a wildcat drilling permit for well 25/7-7, to be drilled from the Leiv Eiriksson drilling facility.The area in this license consists of parts of blocks 25/7 and 25/10…

ONGC Contracts Shelf Drilling Rigs

Aug 01, 2019

Indian multinational oil and gas company, Oil and Natural Gas Corporation (ONGC) awards driller contracts for pair of units off west coast.Dubai-headquartered offshore driller Shelf Drilling has been awarded contracts for two of its jack-up rigs with ONGC for operations in the Mumbai High…

Tower’s Financial Reprieve in Cameroon

Aug 01, 2019

London-based, independent oil and gas company Tower Resources Plc has sighed with relief after the repayment of its $750,000 short term loan facility was extended to August 31 this year to enable the company finalize arrangements for the drilling…

Halliburton Wins Contract from Petrobras

Jul 31, 2019

Oilfield services company Halliburton announced on Wednesday the execution of an integrated services contract with Petrobras for pre-salt development in the Santos Basin offshore Brazil.The two-year and six month contract will provide drilling…

GSP Offshore, Trident Black Sea Bid in Ukraine

Jul 31, 2019

GSP Holding company GSP Offshore SRL is the preferred drilling and engineering services provider of Trident Black Sea, in its bid for the right to negotiate a production sharing agreement (PSA) with the Ukrainian government for the offshore Dolphin block in the northwestern part of the Black Sea…

Borr Drilling Launches US IPO

Jul 30, 2019

Offshore drilling contractor Borr Drilling has launched the initial public offering (IPO) in the United States of 5 million of its common shares on July 29.The drilling company that operates 27 rigs said that the offering of common shares on…

Ocyan Inks First post-'Car Wash' Contract with Petrobras

Jul 29, 2019

Brazil's Petrobras has signed a two-year contract to lease a drilling rig from Ocyan, formerly known as Odebrecht Oleo e Gas, an executive told Reuters, in the first deal between the firms since a corruption scandal erupted five years ago.Petroleo Brasileiro SA…

Qatar Petroleum Enters Guyana

Jul 29, 2019

Qatar Petroleum has entered into an agreement with Total for a share of exploration and production rights in two blocks offshore Guyana in Latin America.Under the agreement, which is subject to customary regulatory approvals by the government of Guyana…

Eastern Med Shaking Up European Energy Politics

Jul 26, 2019

Discoveries of natural gas reserves in the Mediterranean Sea around Egypt, Cyprus, Israel and Greece are shaking up Europe’s energy politics. Traditionally, Russia has been Europe’s main supplier of gas, giving it significant influence over Europe…

Equinor Makes Oil Find at Utsira High

Jul 26, 2019

Equinor and partners Lundin and Spirit Energy have made a small oil discovery in production licence 167 at the Utsira High in the central part of the North Sea.The Lille Prinsen Outer Wedge appraisal well is located about 1 kilometer west of Lille Prinsen Main…

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