Over supply of oil, diminishing returns and an increasing rig fleet will challenge rig operators in 2015. Rystad Energy’s Joachim Bjørni and Oddmund Føre look for a ray of light. Graphs from Rystad. Throughout 2014…
President Obama’s fiscal year 2016 budget request for the Bureau of Safety and Environmental Enforcement (BSEE) is US$204.7 million, providing robust support that will enable BSEE to keep pace with industry activity and the technology developments…
ConocoPhillips has started drilling on the third well in its Barossa area exploration campaign, Barossa-4, in the Bonaparte basin, offshore Australia's Northern Territory. The latest well follows the Barossa-3 appraisal well…
Harland and Wolff (H&W) have won a contract award for dry docking and renewal/ special periodic survey of the Byford Dolphin mobile offshore drilling unit (MODU) from Aberdeen based Dolphin Drilling. Following on the successful completion of its sister rig the Blackford Dolphin in 2014…
The first new-build semisubmersible drilling rig incorporating Wood Group Mustang Norway's (WGMN's) GG5000 floating hull design has been delivered to COSL Drilling Europe (CDE). The COSLProspector was designed to operate in water depths up to 1500m (5000 feet) and drill wells up to 7600m (25…
Schnitger President Monica Schnitger urged oil and gas companies to explore and exploit the latest technologies to have successful projects at the 2014 Bentley Systems Year in Infrastructure conference. Meg Chesshyre has more. “I’m…
Northern Offshore International Drilling Co. is in the midst of filing a US$50 million claim against Camac Energy for canceling the Energy Searcher drilling contract earlier this month. The Energy Searcher…
Depressed oil prices are going to make 2015 a challenging year as the “industry adjusts to the new realities,” rig, engineering and fabrication firm Lamprell has said. The Dubai-based company had an “exceptionally strong” 2014, with…
Mexican national oil company, Petróleos Mexicanos (Pemex) took delivery of its first of two KFELS B Class jackup rigs from Singapore’s Keppel FELS. The Yunuen jackup. From Keppel. The…
Controls, instrumentation, monitoring and handling systems firm EFC Group has been awarded contracts with major oil and gas drilling contractor companies to the value of £3.65 million. The company has already completed two BOP control system contracts with Ensco worth more £1…
The giant Libra field has many challenges, sitting in Brazil’s deepwater pre-salt. Claudio Paschoa take a look at the development plans. The Libra prospect and the pre-salt region. Image from Mercopress…
Year in review: 2014 - OEDigital’s top stories Mozambique NG flow test. OE staff presents a look back at 2014’s top stories posted on OEDigital.com. It was a year filled with highs and lows…
Subsea well intervention activities are expected to flourish over the next five years, predicts analysts Douglas Westwood. Despite the recent plunge in oil price, the firm says it expects the global subsea wellstock to increase over the period by 41%…
Dubai-based rig builder Lamprell has completed the jackup drilling rig, the Shuwehat for Abu Dhabi’s National Drilling Company (NDC) on time, budget and schedule. The delivery to NDC follows a 12 November announcement of a new contract with the firm…
Baker Hughes Inc. issued the November 2014 international rotary drilling rig count today, showing a total of 1324 rigs operating worldwide in November 2014, outside of the US & Canada. International activity in November was up 16 rigs from the 1308 rigs drilling in October 2014…
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