U.K.-based international bank Barclays announced a new energy policy that significantly restricts the bank’s financing for the exploration or extraction of oil and gas in the Arctic.The policy rules out funding for companies seeking to drill…
The operator of the Deepwater Tano Cape Three Points (DWT/CTP) block, Aker Energy, has announced the near-completion of a successful drilling operation of the Pecan-4A appraisal well offshore the Western Region of Ghana.This, the Chief Executive Officer at Aker Energy…
Norwegian offshore drilling rig firm Seadrill Ltd said on Thursday that Chief Financial Officer Mark Morris will step down following completion of the company's financial restructuring.The company, controlled by Norwegian-born billionaire John Fredriksen…
A new active vibration damper tool autonomously adapts to changing downhole bottom hole assembly (BHA) motion in real time, reducing drilling dysfunctions and ultimately leading to faster, more efficient drilling, says Norwegian services company PSW Group…
Contract driller Rowan announced Thursday that it has secured a contract in Norway from ConocoPhillips Skandinavia AS (COPSAS) for the N-Class ultra-harsh environment jack-up rig Rowan Norway.The contract is for an estimated duration of seven months…
Lundin Petroleum AB (Lundin Petroleum) announces that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has completed exploration well 2/6-6S, targeting the Oppdal and Driva prospects in PL860 in the North Sea. Both targets were dry…
Maersk Supply Service announced Wednesday it has lined up work for two anchor handling tug supply (AHTS) vessels in support of a drilling program offshore Australia.Under a contract awarded by Chevron Australia, the vessels Maersk Mariner and Maersk Master will provide towing…
Well construction specialist DeltaTek Global announced Wednesday it has been awarded a contract from Energean Oil and Gas to support well construction at the Karish deepwater project offshore Israel.DeltaTek said it will provide optimization…
Subsea intervention is going to be big in 2019, just not where you were expecting. David Carr, Senior Vice President - International Development at Helix Energy Solutions Group, gives his forecast for 2019.Around this time of year, the papers are full of forecasts…
Malaysian services company Sapura Energy Berhad announced Monday it has secured RM760 million ($184.6 million) in contract wins for its drilling and engineering & construction businesses. The latest achievements have lifted the value of contract wins to RM9…
Norway's Petroleum Safety Authority has given consent to Norwegian based Wellesley Petroleum to drill exploration well 25/1-13 in the North Sea.Wellesley is the operator for production licence 871 in the North Sea.Well 25/1-13, named Balcom…
Hedge fund Canyon Capital Advisors has warned it would vote against the $2.38 billion sale of offshore driller Rowan Companies Plc to rival Ensco Plc, casting doubt on a combination that had signaled optimism about the future of offshore exploration…
ExxonMobil said Monday it has begun drilling the first of two planned wildcat wells offshore Guyana in January.The Stena Carron drillship is drilling the Haimara-1 exploration well, which is located 31 kilometers east of the Pluma-1 discovery in the southeast Stabroek Block…
Norwegian based Odfjell Drilling has taken delivery of a a new semi-submersible drilling rig from South Korean builder Samsung Heavy Industries.The sixth generation dynamically positioned Deepsea Nordkapp is an enhanced Moss Maritime CS-60 design…
Oil and gas investment in Norway is expected to grow for a second year in a row in 2019 but will fall back between 2020 and 2023, an industry lobby group said on Monday.Western Europe's largest oil producer has seen a recovery in oil industry activity thanks to higher crude prices…
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