Baker Hughes Inc. issued the October 2014 international rotary drilling rig count today, showing a total of 1308 rigs operating worldwide in October 2014, outside of the US & Canada. International activity in October was down 15 rigs from the 1323 rigs drilling in September 2014…
Royal Boskalis Westminster N.V. (Boskalis) acquired a 14.8% stake in Fugro to focus on offshore and (maritime) infrastructure. 'Fugro is an attractive company with activities that fit together well with those of Boskalis. For many years…
Karoon Gas Australia spudded the Kangaroo-2 appraisal well in Block S-M-1165, the first well in the current Santos basin exploration and appraisal drilling campaign, offshore Brazil. Map from Karoon. The…
Brazilian national oil company Petrobras announced that they will install a permanent 4D seismic monitoring system at the 1500sq km Lula field, in the pre-salt Santos basin. Four-dimensional seismic encompasses time, in addition to the three dimensions of space…
Rosneft has concluded seismic data acquisition on the East-Siberian-1 Block in the offshore area of the East Siberian Sea. The company carried out the seismic data survey independently with R/V Orient Explorer, with the amount of 2D work totaling 2000km…
Oil & Gas UK recognized EnQuest on its success in extending the life of one of the North Sea’s older assets and awarded the company the business innovation title in the large enterprise category. EnQuest wins oil & Gas UK award for Business Innovation…
Eni’s chemical company Versalis formed a partnership with Solazyme, Inc. to expand the commercial use of Encapso, a commercially-available, biodegradable encapsulated lubricant for drilling fluids. Versalis will expand market access and…
Statoil’s final well in its 2013-2014 drilling campaign, wildcat well 7227/10-1, has come up dry and is permanently being plugged and abandoned, according to the Norwegian Petroleum Directorate (NPD). Map from Statoil…
The DNV GL and Grontmij consortium signed a framework agreement with TenneT TSO for the provision of engineering services worth an estimated US$48 million. Upon the terms of the agreement, the consortium and its partners Roos+Bijl and Joulz…
Claxton Engineering Services Ltd., developed a new conductor cementing support system (CCSS) that has typically saved 12 - 18 hours of rig time per conductor waiting for cement to cure. Claxton's conductor cementing support system…
While the specific terms of Mexico’s new contractual frameworks for its oil and gas industry are yet to be announced, the regime appears an attractive one and should be conducive to active bidding, according to an analyst with research and consulting firm GlobalData…
Vallourec Star was recognized for excellence in safety at the Muskogee City-County Port Authority annual Business and Industry Awards for reaching a 60% reduction in no-lost-time injuries from the previous year. Vallourec Star partnered…
The Inpex-operated Ichthys LNG project is moving forward with the installation of a 6500-tonne riser support structure (RSS) tower at the Ichthys Field, marking the beginning of the project’s major installation campaign. The Ichthys LNG project RSS…
Stress Engineering Services, Inc., acquired Efird Corrosion International, Inc., a technical service and research company specializing in corrosion testing and analysis. According to Stress Engineering, the acquisition will provide new corrosion management and testing capabilities…
Höegh LNG Holdings Ltd. it taking its option to order a fifth floating storage and regasification unit (FSRU) at Hyundai Heavy Industries (HHI) in South Korea. The FSRU, which will be delivered during the 1H 2017, has full trading capability…