Independent oil and gas company Faroe Petroleum announced the Cassidy exploration well in the Norwegian North Sea will be plugged and abandoned following 'disappointing' results.The well 8/10-7S within the PL405 Oda licence encountered 13 meters of water bearing Jurassic Ula formation sandstones…
Scotland's Kishorn Port Ltd (KPL) said it will host the world's largest semi-submersible offshore drilling rig, the 60,800-metric-ton Ocean GreatWhite, for preparation work ahead of a drilling contract in the North Sea early in 2019.The Diamond…
A 11,700mt jackup platform was transported aboard module carrier BigLift Barentsz from Flushing, The Netherlands to its destination west of Africa. The October journey was completed within three weeks.Design and engineering, procurement and…
Norway's Petroleum Safety Authority (PSA) has told Transocean, Maersk Drilling and Odfjell Drilling to beef up emergency evacuation equipment and procedures on 22 offshore oil rigs, it said on Wednesday.Drilling rigs are equipped with enclosed…
Siemens announced Friday it will supply a lithium-ion battery-based energy storage solution (ESS) to an offshore drilling rig, in a world-first project that aims to reduce cost and minimize environmental impact.Siemens, drawing off its experience in the electrification of marine assets…
Norwegian offshore drilling rig firm Seadrill Ltd sees the contracting rigs market improving from 2019-20, as it reported its first quarterly results on Tuesday since emerging from Chapter 11 bankruptcy in July.The company, controlled by Norwegian-born billionaire John Fredriksen…
Colombian state-run oil company Ecopetrol said on Tuesday it will invest between $3.5 billion and $4 billion in 2019, slightly above this year as it bolsters spending on exploration and production projects.The investment is the backbone of an…
The next year will be another challenging time for offshore drillers due to continuing supply overhang even though prices are starting to improve, the chief executive of rig firm Seadrill told Reuters on Tuesday.The Oslo- and New York-listed company…
One of the world's largest semi-submersible crane and pipelaying vessels has arrived in the Netherlands for an extensive six-month upgrade.The Saipem 7000 is in Damen Verolme Rotterdam (DVR) for a dynamic positioning system overhaul to meet…
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…
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…
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…
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…
Norway's Equinor has awarded a NOK 900 million ($107 million) contract to local contractor Kvaerner for delivery of the steel substructure for the Johan Sverdrup Phase 2 process platform.The engineering, procurement and construction (EPC) award…
Norway's Equinor has been given consent from Petroleum Safety Authority Norway to perform exploration drilling of well 36/1-3 on production licence 885, which aims to investigate the Presto Prospect in the North Sea.Drilling is scheduled to begin in December 2018 and last 35 days…
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