UK-based international oil and gas exploration and production company Energean Oil & Gas said that it is on track to achieve first gas from the Karish-Tanin project off the coast of Israel in the first quarter of 2021.The company with operations offshore Israel…
U.K. Continental Shelf focused Azinor Catalyst Limited announced on Thursday an oil discovery at its 9/14a-17B well and associated side-track on the Agar-Plantain Prospect in the North Sea.The initial 9/14a-17B well on the Agar-Plantain Prospect…
New cyber security standard for newbuild offshore unitsABS said it has awarded a Cyber Security-Ready (CS-Ready) Notation to a jack-up drilling rig built by Sembcorp Marine, marking a first-of-its-kind certification for an offshore facility…
The global provider of classification and technical advisory services to the marine and offshore industries ABS awarded a Cyber Security-Ready (CS-Ready) Notation to a Sembcorp Marine jack-up drilling rig built to its proprietary Pacific Class 400 design…
Lukoil announced Wednesday that it has completed the construction of the second production well from the wellhead platform at the Yury Korchagin field in the Caspian Sea.The single-bore well with horizontal completion was drilled from a jack-up rig in the eastern part of the field…
Downhole sensing technology specialist Well-SENSE has launched its latest FiberLine Intervention (FLI) development, Active FLI at ADIPEC.“Earlier this year, we secured significant investment from Saudi Aramco Energy Ventures (SAEV) which has…
General Electric Co is selling a portion of its stake in oilfield services provider Baker Hughes, the U.S. industrial conglomerate said on Tuesday, its latest move to raise cash and repay debt.GE, which bought Baker Hughes in July 2017, has…
Southeast Asia focused upstream oil and gas company KrisEnergy announced on Monday that the Mist jack-up rig has begun drilling the Montha-1 exploration well in the G10/48 contract area in the Gulf of Thailand.The well, located approximately…
The exploration and production company Hess Corporation said that Aspy probe did not encounter commercial quantities of hydrocarbons.Hess Corporation announced in a press statement that drilling of the Aspy exploration well offshore Nova Scotia reached total depth of 7…
Turkey has completed the purchase of its second drilling ship, which will operate in the Black Sea at the north of the country, Energy Minister Fatih Donmez said on Friday.Turkey is almost completely reliant on imports to meet its energy needs…
Denmark's Maersk Drilling announced Friday it has entered into an agreement to sell the 32-year-old jack-up rig Mærsk Giant to an unnamed Australasian-based independent oil and gas operator. The transaction is expected to close before end of 2018…
LOC Group’s Houston office provides perspective on decommissioning developments in the Gulf of Mexico.The Gulf of Mexico basin covers approximately 1.6 million km2 and is one of the most important petroleum production regions in the world. A…
Denmark-based drilling rig operator Maersk Drilling and oil and gas company Wintershall Noordzee B.V. have extended their previous cooperation in a new agreement which gives Maersk Drilling the status of preferred contractor to Wintershall Noordzee B…
Norwegian drillship and rig operator Fred. Olsen Energy, proposes to sell one of its drilling units and to issue $130-140 million in new equity to pay off debt, as part of a refinancing plan published on Tuesday.The proposal includes issuing about $90 million in new loan capital…
North Sea drilling activity this year could surpass 2017 levels while seeding a brighter 2019, as a range of indicators point to recovery after four years of rig glut and “cannibalization”.Boldest among bellwethers is oil company spending. After campaigning since 2014 for lower supplier costs…
Subscribe
