Lundin Petroleum terminated a US$265 million deal with M3nergy Investment for the sale of the Bertam floating production and storage offloading (FPSO) vessel after the Malaysian company failed to secure the required financing. The deal…
Statoil has been approved to use newbuild Cat D semisubmersible drilling rig Songa Enabler to drill three wells - two production and one CO2 reinjection - at the Snøhvit gas field in the Barents Sea. Snøhvit started production in 2007 via a subsea development…
Cobalt International Energy is setting Angola as its number one priority, as the Houston-based company disclosed a multimillion-dollar loss in Q2 2016 due to a dry well in the Gulf of Mexico. The Rowan Reliance drillship…
Det norske has taken over the operatorship for production license 442 from Centrica and has been given consent to drill an exploration well in a prospect named Langfjellet by the Petroleum Safety Authority Norway (PSA). Well 25/2-18 S…
Quadrant Energy started drilling the Driftwood-1 well in the WA-320-P permit area in the Carnarvon Basin, offshore Western Australia. The well, being drilled with the Noble Tom Prosser jackup, is in the Barrow sub-basin of the Northern Carnarvon Basin…
Drilling and well performance solutions firm eDrilling, and drilling optimization company SynepsisDart have announced a new partnership to help exploration and production companies drill wells safer, quicker and cheaper. SynepsisDART…
Marine and offshore engineering consultancy Aqualis Offshore has been contracted by Noble Corporation to oversee the load-on, transportation and load-off operations of the first journey of new build jackup rig Noble Lloyd Noble. Aqualis…
The industry will emerge from its current crisis, but the next chapter in the oil and gas industry may look very different. Hannon Westwood’s Andrew Vinall gives his view. Northwest Europe 2016 exploration…
The spotlight now shines on how to better integrate multiple complex software systems during drilling rig construction with beneficial results. Songa Endurance. Photos from Songa Offshore. Software…
Wired drill pipe has been a long time coming. As operators look at cost savings across the full life cycle, the benefits are now being recognized, says NOV’s Leon Hennessy. Drill floor operations…
Infographic from McKinsey Solutions. These projections are taken from Energy Insights’ Global Gas Outlook to 2030. For your free Executive Summary of the findings included in the report visit www…
Songa Offshore's fourth and final newbuild Cat D Rig, the semisubmersible Songa Enabler, has started drilling operations on 29 July offshore Norway for Norwegian oil giant Statoil. All four rigs are semisubmersible, sixth generation Cat…
Rig operator Seadrill has received three-year contract extensions from Saudi Aramco for the jackups AOD I and AOD II expiring in June 2019 and July 2019, respectively. The extensions are in direct continuation of the current contracts…
ConocoPhillips and Marathon Oil Corp. have signed an early termination agreement for the deepwater drillship Maersk Valiant, Maersk Drilling says. The termination, which comes following Conoco's decision to halt Gulf of Mexico deepwater exploration spending…
Gulf of Mexico-focused Deepwater oil exploration and production company Venari Resources has acquired an additional 7% stake in the Shenandoah field on Walker Ridge Blocks 51, 52 and 53. The company has also reported successful results from the Shenandoah #5 appraisal well…
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