Global offshore deepwater drilling services provider Ocean Rig UDW received a termination notice from Italian giant Eni for the Ocean Rig Olympia deepwater drillship. According to Ocean Rig, “due to the dramatic fall of the crude oil price and the volatile market context…
The second appraisal well, SNE-3, to be drilled on the SNE oil field, 100km offshore Senegal, has been re-entered and will now be drilled to planned total depth. SNE-3 well, located approximately 3km south of the initial SNE-1 discovery well…
UK based independent Cairn Energy has successfully tested its SNE-2 appraisal well offshore Senegal. The firm performed drilling, coring, logging and drill-stem testing (DST), as part of its latest, minimum three-well exploration campaign offshore Senegal…
Ithaca Energy's delayed Greater Stella Area development remains on track for first production in Q2 next year. In a trading update this morning, Ithaca says sailaway of the FPF-1 floating production facility from the Remontowa Shipyard in Gdansk…
Cairn Energy spudded the first appraisal well on the SNE oil field located 100km offshore Senegal; according to joint venture partner Far Ltd. Map from Far. The SNE-2 well will…
Amid positive Q3 results, Houston-based Diamond Offshore is sending one of its vessels to the scrap yard after Brazil’s Petroleo Brasileiro (Petrobras) cut contracts short for two of its vessels, resulting in an extension for another contract…
Drilling has started on the 200 bbl prize SNE-1 appraisal program offshore Senegal. The three wells SNE-2, SNE-3 and BEL-1 will be drilled back to back in a program that is estimated to be completed in mid-2016. Both SNE-2 and SNE-3 appraisal wells will be logged…
Cairn Energy is due to start its 1 billion bbl-seeking drilling program on its prospective offshore Senegal blocks in coming weeks. The Ocean Rig Athena is expected to start mobilization to Senegal from its current location in Angola in the next few days…
In this video FAR Ltd’s managing director Catherine Norman, explains the company’s upcoming appraisal/exploration drilling program, as part of the Cairn Energy operated offshore Senegal permits. Cairn, with FAR and other joint venture partners in Senegal…
Due to continued challenging market conditions, Athens, Greece-based rig provider Ocean Rig announced that if no future work is found for two of its fifth generation ultra-deepwater semisubmersible rigs – the Eirik Raude and Leiv Eiriksson – they could be scrapped…
Subsea engineering and project management company Petrex Developments has successfully completed the inspection of the BW Athena dynamic flexible riser/umbilical systems, FPSO mooring system and hull for North Sea operator Ithaca Energy. The…
Senegal’s government has approved UK explorer Cairn Energy’s latest plans to carry out a 3D seismic survey and a multi-well exploration program off its shores, starting this year. The minimum three-well campaign is targeting more than…
Ocean Rig received a one-year extension from Eni Angola S.p.A for the Poseidon drillship that will last until 2Q 2017, with total contract backlog now standing at about US$367 million. Ocean Rig also entered into a new contract for the…
UK-based explorer Cairn Energy is ramping up its exploration and appraisal work offshore Senegal following the firm’s two major discoveries in the country made last year. Cairn is planning a “very ambitious” three-year evaluation plan…
North Sea exploration minnow Trap Oil has warned that, without urgent additional funding, it is likely to become insolvent. The firm, which has reduced its overheads from £5.1 million 2 years ago to £1.3 million/yr posted a pre-loss of £44…
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