Valaris, the provider of offshore drilling services across all water depths and geographies, announced new contracts and contract extensions, with associated revenue backlog of approximately $285 million.The United Kingdom-based offshore drilling contractor…
Oil and gas companies track and incentivize a variety of metrics, but these actions can inadvertently lead to lower production levels and affect lifting costs.If there’s an incentive for fast drilling instead of precisely placed wellbores that maximize contact with sweet spots…
Oilfield services company Halliburton introduced the Xtreme Single-Trip Multizone (XSTMZ) system for completing wells in deepwater and ultra-deepwater conditions up to 15,000-psi, to be used by a major operator in the Gulf of Mexico in 2020…
Seadrill Chairman John Fredriksen, the oil rig firm's top shareholder, is stepping down with immediate effect, the company said on Thursday, as it holds discussions with lenders about restructuring its massive debts.The 75-year-old billionaire investor…
With the oil price tracking a course that’s keeping nearly every oilfield viable, operators in the second half of 2019 are drilling a bevy of exploration and production wells that’s just lifting rig futures.Paradoxically, oil companies drill…
Oil and gas exploration and production company Eco Atlantic appears determined to make a breakthrough in its underexplored Namibian offshore assets after preliminary works in preparation for a deep dive it expects to take in the four offshore permits as early as October next year…
Suppliers of drilling and subsea services and equipment may already be feeling the partial lift offered by West African nation Angola clearing offshore investment bottlenecks.On Monday, Bergen-based subsea cable layer, Oceanteam, announced its vessel…
Hurricane Energy has confirmed that drill stem testing on the Warwick West well is expected to begin Tuesday.The UK-based company said it will share initial results of the well, including flow rates and oil type, following completion of the testing phase…
Japanese offshore drilling contractor Japan Drilling Company has been awarded a contract extension for one of its jack-up rigs.JDC said its Hakuryu-14 rig would remain on a contract with Pertamina Hulu Mahakam at the Mahakam block, offshore Indonesia…
Australia exploration company Karoon Energy has signed an agreement with the drilling contractor Stena Drilling and oil company Tullow Oil to contract the Stena Forth drillship for Karoon’s Marina-1 exploration well located offshore Peru.'The Stena Forth has been contracted to drill one well…
The Turkish oil-and-gas drilling ship Fatih has started its operations off the coast of northeastern Cyprus, Turkish vice president Fuat Oktay said on Friday, despite warnings from European Union for Ankara to stand down.On Monday, the EU Foreign…
Russia's Lukoil said on Friday it had completed the construction of the first well as part of a third development stage of the V. Filanovsky oilfield in the Caspian Sea.The well was drilled with a floating jack up rig Neptune, mounted on a riser block platform…
The Abu Dhabi National Oil Company (ADNOC) said its drilling subsidiary will acquire dozens of rigs to support that national oil company’s upstream growth plans.In the first phase of the wider fleet expansion program, ADNOC acquired, in November 2019…
Dubai-headquartered offshore drilling contractor Shelf Drilling has added $151 million in contract awards, increasing the number of contracted rigs from 29 to 31 during the month of October.The world’s largest contractor of jack-up rigs said…
Pre-rig technology company Neodrill announced it is bringing its CAN (Conductor Anchor Node) technology to Australia and New Zealand. To support this new phase of growth, the role of business development manager for the region has been created…
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