London-listed oil company Upland Resources has, with partners, relinquished an offshore license in the UK sector of the North Sea.Upland said Wednesday that it had relinquished Licence P2470 in the Inner Moray Firth. The license included blocks 11/23…
Offshore installation and decommissioning firm Allseas has won a contract to remove three complete offshore platforms and two jackets in Norway for Aker BP.The company said on Wednesday that Aker BP had awarded it a deal for the removal and…
At least nine of the world’s top planned exploration wells for 2020 are at risk of being suspended as a result of the blended impact of COVID-19 on oil and gas activities and the oil price war, Rystad Energy said Tuesday.These wells, the Norwegian energy intelligence firm said…
Norwegian oil company Equinor has said its Johan Sverdrup field will reach plateau production faster than previously expected. The company also said that the North Sea field's plateau target will increase.The giant oil field's first phase is now expected to reach plateau production in early May…
Singapore-based drilling contractor KS Drilling has seen its offshore rig contract cancelled, and has been slapped by a $23,5 million claim after its drilling rig in February was involved in an incident offshore Indonesia.The Java Star jack…
International Maritime Industries (IMI) has completed the Maintenance, Repair & Overhaul contract on ARO Drilling's ARO-2003 (SAR201) jack-up rig in Saudi Arabia.IMI, a joint venture between Saudi Aramco, Lamprell, Bahri and Hyundai Heavy Industries…
With the oil price crash and COVID-19, the near-term outlook for the offshore rig market is on a lot of minds. RigLogix has contacted a number of rig owners and operators and the consensus seems to be that it’s going to get worse before it gets better…
Jack-up rig contractor Shelf Drilling has informed that the contract for its jack-up rig Shelf Drilling Tenacious would be cut short.The company on Thursday said it had entered into a mutual agreement with the customer to amend the contract…
MOL Norge, a subsidiary of Hungary's MOL, has discovered oil and gas in its production license 820s, at Evra and Iving prospect in the North Sea, offshore Norway.The company said Wednesday it was in the process of completing the drilling of exploration well 25/8-19 S and sidetrack 25/8-19 A…
Total has made a hydrocarbon discovery at the Isabella exploration well in the UK Central North Sea, Neptune Energy, Total's partner in the project has informed.Neptune Energy has described Isabella as 'an encouraging hydrocarbon discovery'…
Australian oil and gas operator Santos is planning to carry out an offshore survey in preparation for the proposed Yoorn-1 drilling in the offshore block WA-499-P, in W. Australia.According to an application filed this week, as part of the drilling preparatory work…
Jack-up drilling leasing company Shelf Drilling has won a contract extension for one of its offshore drilling units in Egypt.The drilling contractor said Monday it had won a one-year contract extension for the Trident 16 jack-up rig. The contract…
Tower Resources has found a farm-in partner for its Thali block offshore Cameroon. The company on Monday said it had executed binding heads of terms for a farm-out of a Thali block share with OilLR Pty Ltd. The farm-out covers US$7.5 million…
Equinor and partner Neptune have struck oil in the Sigrun East prospect in the central part of the North Sea. Recoverable resources are estimated at between 7 and 17 million barrels of oil equivalent.Exploration wells 15/3-12S and 15/3-12AT2…
Jack-up drilling contractor Borr Drilling's Chairman has said that 2019 was a record year when it comes to jack-up rig contract years awarded and that demand is high for modern jack-ups.In a statement Friday, the Chairman of the Board, Paal…
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