Lundin Norway AS, the wholly owned subsidiary of European oil and gas exploration and production company Lundin Petroleum, has completed the drilling of exploration well 7121/1-2 S, targeting the Pointer and Setter prospects in PL767 in the southern Barents Sea…
With the global offshore decommissioning industry expected to reach $36bn over the next 3 years, several hundred offshore oil and gas wells could cease production by 2021 in the face of today’s bearish oil market.As a consequence, so-called…
Eco Atlantic Oil & Gas Ltd and partners have contracted a rig, the Stena Forth, to drill the Jethro-Lobe prospect on the Orinduik block, offshore Guyana.'Eco (Atlantic) Oil & Gas, along with its partners in the Orinduik Block, offshore Guyana…
After years of budget cuts, oil and gas companies are finally stepping up their exploration game. Several wildcat wells planned for 2019 have the potential to be “elephant” finds, according to Rystad Energy.The energy research and business intelligence…
London-based offshore drilling contractor Noble Corporation has bought a second newbuild Gusto MSC CJ46 design jack-up rig from the Singapore shipyard PaxOcean Group for $83.75 million. Like the Noble Johnny Whitstine, which the UK offshore…
Malaysian drilling contactor Velesto Drilling said that the oil company Hess Exploration and Production Malaysia has extended the contract for the Naga 8 jack-up drilling rig in North Malay Basin, Malaysia.Naga 8 jack-up rig is owned by Velesto Drilling (previously known as UMW Offshore Drilling)…
Jadestone Energy, an oil and gas development and production company across the Asia Pacific region, has announced that it has signed a rig contract for infill drilling on the Stag oilfield, located offshore Australia (Jadestone 100%).Ensco Australia…
The Deepwater Horizon oil spill changed a lot of the thinking about subsea blowouts, including how to predict the movement of the oil and gas.“One thing that was clear early on during the Deepwater Horizon was that dissolution of oil into water was a major process…
UK-based subsea technology company C-Kore Systems has announced a new subsea testing tool, the C-Kore Sensor Monitor, which can be used in decommissioning, fault-finding and construction campaigns to provide feedback from subsea sensors, such as wellhead pressures and temperatures…
Oil giant BP has extended Odfjell Drilling’s maintenance service contract on three North Sea platforms.'BP has awarded Odfjell Drilling a contract for platform drilling and maintenance services on three of its platforms in the UK North Sea,'…
The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for a wildcat well in the North Sea.The NPD said on Tuesday that the wildcat well, designated 16/1-31 S, would be drilled from the Leiv Eiriksson drilling…
Italian oil company Eni said that it has successfully launched a new production well in the Vandumbu field, about 350 km north-west of Luanda and 130 km west of Soyo, in the West Hub of Block 15/06, in Angola’s offshore.According to a press release…
The oil exploration and development company focusing petroleum resources on the Norwegian Continental Shelf Aker BP has been offered interests in 21 new production licenses in Norway, of which 11 as operator, through the Awards in pre-defined areas (APA 2018) licensing round…
Norwegian energy major Equinor has been awarded 29 new licences by Norway’s Ministry of Petroleum and Energy as part of the Award in Predefined Areas (APA) for 2018 – 13 licences as operator and 16 as partner.Norway's government says it awarded…
Austrian oil company OMV noted a rise in estimated recoverable volumes in the company’s Wisting discovery in the Barents Sea offshore Norway during last year.The company said on Monday that the estimated recoverable volumes in the Wisting discovery…