Saudi Aramco signaled its commitment to cutting edge technology and developing global partnerships with the opening yesterday of a “game-changing” Baker Hughes GE (BHGE) research facility at Dhahran Techno Valley.The facility will house a number of state-of-the-art technologies…
Maersk Drilling said Edison E&P has signed on its deepwater semisubmersible drilling rig Maersk Discoverer to drill an exploration well in the North Thekah gas field offshore Egypt.The contract is expected to commence in the fourth quarter this year and includes an additional one-well option…
OPEC and its allies led by Russia agreed to extend oil output cuts until March 2020 on Tuesday, seeking to prop up the price of crude as the global economy weakens and U.S. production soars.The alliance, known as OPEC+, has been reducing oil…
Cyprus has initiated legal proceedings against three companies involved in gas drilling by Turkey to the west of the island for encroaching on the island's continental shelf, a senior foreign ministry official said on Tuesday.Officials declined to name the companies…
Oilfield services company Expro announced it has acquired 100% of the equity of technology company Quality Intervention AS (QI).The Norwegian-based company was founded in 2008 and provides a portfolio of products and services that includes coiled tubing technology (CoilHose)…
The Coastal Virginia Offshore Wind (CVOW) demonstration project has entered the construction phase as the American power and energy company Dominion Energy has formally begun construction.Gov. Ralph Northam announced the start of construction of the CVOW demonstration project…
Kuwait Oil Company (KOC) has signed a KD-181-million ($597 million) contract for offshore drilling with US field services major Halliburton.The integrated offshore drilling services contract is for six high-pressure high-temperature (HPHT) exploration wells on two jack-up rigs in the Arabian Gulf…
It's true that the offshore vessel market is still suffering, but that's not to say there aren't glimmers of positivity.Asset values remain at historic lows throughout much of the offshore sector, but the anchor handler market has been hit hardest…
Netherlands-based Jumbo’s Fairplayer has completed the pre-installation and tensioning of a shallow water CALM buoy mooring system at a depth of 26 meters for the Mersa El-Hamra terminal offshore Egypt.The heavy lift shipping and offshore transportation…
Aker BP ASA, operator of production license 340, has finalized the results after drilling wildcat well 24/9-15 S (Froskelår Nordøst) and appraisal well 24/9-15 A.According to a press note from the Norwegian Petroleum Directorate (NPD), the wells…
American multinational energy corporation ConocoPhillips has submitted a plan for development and operation (PDO) for a redevelopment of the Tor field in the Greater Ekofisk area in the North Sea.According to the Norwegian Petroleum Directorate (NPD)…
Expandable liner hanger designs are advancing to meet the ever-increasing demands of deepwater well construction.A new expandable liner hanger design provides an effective liner top seal for high-pressure, high-temperature (HPHT) well conditions…
Romania's largest energy company OMV Petrom said it has started a new offshore drilling campaign in the shallow waters of the Istria block in the Black Sea.The two new wells will be drilled more than 2,000 meters below the seabed, in approximately 50 meters water depth…
A new well in the BP-operated Greater Tortue development area has encountered approximately 30 meters of net gas pay in high-quality Albian reservoir offshore Mauritania and Senegal, project partner Kosmos Energy announced on Monday.The Greater…
Oilfield services firm Weatherford International on Friday filed a prepackaged restructuring plan with the U.S. Securities and Exchange Commission, according to a regulatory filing.The company, which has struggled under a heavy debt burden and years of losses…