Drill Bit News

 

Key Offshore Wildcat Wells At Risk of Being Suspended

Apr 08, 2020

At least nine of the world’s top planned exploration wells for 2020 are at risk of being suspended as a result of the blended impact of COVID-19 on oil and gas activities and the oil price war, Rystad Energy said Tuesday.These wells, the Norwegian energy intelligence firm said, located in Norway, Brazil, the Bahamas, Guyana, the US, Gambia, and Namibia would target a combined 7 billion barrels of oil equivalents (boe)…

Esgian: New Contracts, Drilling Activities and Rig Moves Across the World

Dec 29, 2023

Esgian's last roundup of the year for the Week 52 puts spotlight on new developments for Dolphin Drilling semisub, Seadrill drillships, as well as Shell’s plans for Australia and ONGC’s new tender for jackups in India.ContractsDolphin Drilling…

OMV Sets the Drill Bit in Motion for Velocette Well Offshore Norway

Aug 08, 2023

Austrian oil and gas company OMV has started drilling operations on the Velocette exploration well in production license 1016, offshore Norway.The news of the drilling start was shared Tuesday by Longboat Energy, a 20% partner in the offshore block…

Empyrean Gets Rig Slot on NH9 Semi-sub to Drill 'World-class' Jade Prospect

Mar 14, 2022

Empyrean said Friday it had secured a rig slot for the use of the COSL NH9 semi-submersible drilling for the drilling of Empyrean's Jade offshore well offshore China. Empyrean has described the Jade prospect  as 'one of the most exciting wells to be drilled globally in 2022…

Acteon Secures Work with Saipem at Calvados Offshore Wind Farm in France

Jun 03, 2021

Offshore services company Acteon has secured an integrated project with Saipem for casing installation and drilling support on the Calvados offshore wind farm (Courseulles-sur-Mer). The contract was signed by LDD, a company in Acteon's foundations and cables segment…

The Case for 3D Printing Downhole Tools

Oct 07, 2020

Advanced design software supports growth of additive manufacturing applications in the oil and gas industryAdditive manufacturing (AM, aka 3D printing) is beginning to impact product-development strategies in the oil and gas industry just as…

Where Next for Exploration in Asia Pacific?

Feb 18, 2020

The drill bit still plays a key role across the region, with exploration increasingly the domain of national oil companiesReports of the death of exploration have been greatly exaggerated. Since the 2014 oil price downturn, the industry has re-imagined exploration…

In Norway, Signs of Industry-wide Health

Jan 20, 2020

A range of oil companies and their suppliers saw their market value enrichened Monday for reasons that included oil skipping its usual end-of-month dip in December, as WTI and Brent in 2020 still looking like 2019.With oil stable, even “minor”…

Comment: Equinor’s New E&P El Dorado

Dec 12, 2019

It’s been quite a month for Equinor — new stakes in European wind; new Gulf of Mexico deepwater acreage; new frame contracts for major suppliers plus an endorsement from the International Energy Agency for its energy mix.Not bad — oh, and an…

Keenan Leaves Apache Corp

Oct 25, 2019

Oil and gas industry veteran Steven Keenan, who was credited with a high-profile shale discovery for Apache Corp, resigned on Wednesday from his position as senior vice president of worldwide exploration, the company said on Friday.Houston-based…

Noreco Signals Danish Revival

Oct 21, 2019

A temporary tax incentive regime, low oilfield breakeven pricing and a chance to profit on modifications alone rather than via drill bit appear to be factors lifting prospects and getting banks behind a stalled Danish offshore revival.On Monday…

There’s Something Happening off Newfoundland

Aug 20, 2019

It’s hard to nail down when it all started — perhaps when the Canadian province of Newfoundland and Labrador opted for the Norwegian model of direct government ownership shares in its offshore oilfields.Or it might have started with Equinor’s…

Drilling Innovation Projects Get a Boost

Aug 14, 2019

A group of projects worth more than £1.3 million ($1.6 million) aims to develop new innovative technologies for use in offshore drilling operations.With the help of £640,000 ($772,000) in co-funding from the Oil & Gas Innovation Center (OGIC)…

“See” Ahead of the Bit

Aug 12, 2019

Even with the best seismic data and reservoir modeling available, drillers have remained in the dark about what’s in front of the drill bit. A new sensing tool has been designed to “see” ahead of the bit and can transmit data in real time to shift drilling operations from reactive to proactive…

W&T Buys Exxon's Eastern GoM Assets

Jun 27, 2019

W&T Offshore announced on Thursday that it has entered into a purchase and sale agreement with ExxonMobil to acquire their interests in and operatorship of oil and gas producing properties in the eastern region of the Gulf of Mexico, offshore Alabama…

Current News

Tullow Oil Lines Up Production Extension for Jubilee and TEN fields off Ghana

Tullow Oil Lines Up Production

ExxonMobil-Led Guyana Consortium Reports $10.4B Profit in 2024

ExxonMobil-Led Guyana Consorti

Eco Atlantic Takes Operatorship of Orange Basin Offshore Block

Eco Atlantic Takes Operatorshi

Wind Opponents Sue to Block Empire Wind

Wind Opponents Sue to Block Em

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