Offshore rig count for March 2016 declined 33.4% when compared to March 2015, and 5% compared to February 2016. Image from Baker Hughes Twitter. According to Baker Hughes, there were a total of 241 vessels operating last month…
Petrobras has agreed an early terminatation on its contract for Sevan Drilling's cylindrical drilling rig, the Sevan Driller. The two firms also agreed to reduce rates on a second Sevan drilling rig, the Sevan Brasil, also on contract to Petrobras…
Supermajor Chevron has cut 655 upstream jobs from its Houston workforce, adding to the list of oil and gas companies that have been hit by the low oil prices. John Watson, from Chevron. “In light of the current market environment…
Amid Petróleo Brasileiro’s (Petrobras) largest net quarterly loss in its history of US$10.2 billion (36.9 billion BRL), the Brazilian giant also confirmed its biggest oil column discovery at its Libra field. Petrobras headquarters…
Weatherford and Chevron teamed up to develop a LWD service capable of running in high temperature environments, such as the Gulf of Thailand. Jerry Lee reports on how the project came together. Technician examines HEX electronics in Songkhla…
The Republic of Cyprus announced its third Licensing Round for offshore exploration consisting of three blocks. The areas up for grabs include Blocks 6, 8 and 10, lolcated in the Mediterranean Sea. The application deadline is 22 July…
The Delek Group is moving forward to advance the Leviathan development plan with an accelerated plan for first gas to flow in 2019, as the Israeli company revealed it has already begun discussions with Israel’s government ministries to reach a solution to the stability clause…
Total has laid claim to having the oil and gas industry's largest super computer after boosting the computer power of its system up to 6.7 petaflops - or the equivalent to 80,000 laptops combined. The Pangea super computer's storage capacity has also been increased…
Petrobras has awarded Seadrill an 18-month contract extension for the West Tellus drillship offshore Brazil, commencing in April 2018, and securing work for the unit through the end of October 2019. The total backlog for the contract extension is approximately US$164 million…
Noble Energy says a new ruling by Israel's Supreme Court could further delay the Leviathan offshore mega-project in the Levantine Basin in the Mediterranean Sea. The Houston-based explorer said that the court affirmed Israel's natural gas regulatory framework…
Premier Oil anticipates to spud the Bagpuss well on 7 July, located in the UKCS Block 13/24c on the Halibut Horst, in the UK North Sea, according to partner North Sea Energy. An option has been exercised for the Ocean Valiant semisubmersible rig to drill the well…
Antelope Oil Tool (AOT), a manufacturer and supplier of casing and cementation equipment, has successfully run their CentraMax RT1 centralizer in ultra-deepwater Gulf of Mexico, in a deviated and under-reamed wellbore. A customer faced…
Chevron's North Sea Erskine field production has been temporarily suspended during maintenance work to remove a pipeline blockage, according to partner Serica Energy. Erskine. Image from Chevron…
Det norske oljeselskap has gained approval from the Norwegian Petroleum Directorate (NPD) for a drilling permit for well 16/1-26 S, which is part of the Ivar Aasen field, in the North Sea. Well 16/1-26 S will be drilled from the Maersk…
Only one in five oil and gas companies see themselves as highly digitalized today. However, close to half of senior oil and gas professionals (45%) already see solid or high potential for big data and analytics to transform the operating efficiency of the industry in 2016…
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