Drilling
News
September 23, 2019
Medco’s strategy is based on the view that a dearth of exploration and strong aviation and petrochemical demand will push crude prices above $100/bbl in a decade or so.
News
September 18, 2019
Schlumberger introduced the Ora intelligent wireline formation testing platform, leveraging a new architecture and metrology for enhanced performance, enabling dynamic reservoir characterization in all conditions, including where previously impossible.
News
September 13, 2019
The objective of the Etame 9P appraisal wellbore is to test the Dentale reservoirs beneath the Etame field. VAALCO estimates that there could be up to 4.6 MM gross barrels of recoverable oil present in the Dentale reservoirs.
News
September 13, 2019
Offshore drilling executives are trying to win back investors who have fled their stocks over the past year, insisting that a protracted recovery is gaining momentum.
News
September 12, 2019
GoExpedi has collaborated with Ensign, a leading global drilling company, to provide Ensign’s fleet of drilling rigs with an innovative new technology tool that will significantly enhance its supply chain capability to support their 24/7 drilling operations.
News
September 09, 2019
Baker Hughes announced that their international rig count for August 2019 was 1,138, down 24 from the 1,162 counted in July 2019, and up 130 from the 1,008 counted in August 2018.
News
September 06, 2019
The move signals Dolphin Drilling’s commitment to the North Sea at a time of increasing optimism for the drilling industry, with the announcement of the Aberdeen headquarters at the existing Howe Moss Drive site marking the beginning of a bright future for the company following significant investment from a U.S.-based private equity firm.
News
September 04, 2019
Sonadrill, Seadrill Limited’s 50:50 joint venture with an affiliate of Sonangol, has secured a nine well contract with six options, each for one well, in Angola for the Libongos drillship.
News
September 04, 2019
TWMA has seen a recent shift in the North Sea to companies choosing to process drilling waste offshore. Applying a TCC RotoMill offshore processing solution allows recovered oil from the drill cuttings to be recycled back into the active mud system, resulting in significant cost savings.
News
September 02, 2019
Maersk Drilling has entered into a contract with Petrogas North Sea to drill an appraisal well at the Birgitta field in the central part of the UK North Sea.
News
August 30, 2019
This FPSO is a significant component of the Liza Phase 1 development, which involves four undersea drill centers with 17 wells.
News
August 28, 2019
RigNet has signed a multi-year agreement with Borr Drilling, a global offshore drilling contractor, to exclusively provide enhanced managed communication services on all of their new jack-up rigs.
News
August 20, 2019
Equinor and partners OMV and Petoro have made an oil discovery in the Sputnik exploration well in the Barents Sea. Recoverable resources are preliminarily estimated at 20-65 MMboe.
News
August 16, 2019
Seadrill and Gulf Drilling International have entered into a 50:50 joint venture, GulfDrill, which will initially manage and operate five premium jackups in Qatar with Qatar Petroleum commencing throughout 2020.
News
August 14, 2019
Vantage Drilling reported net income of $590.7 million for the second quarter of 2019, thanks to payments of more than $700 million by Petrobras for terminating drilling vessel contracts.
News
March 02, 2018
U.S. oil explorers raised the rig count to 800 for the first time in almost three years amid booming domestic and overseas demand for crude and petroleum-based fuels.
News
March 01, 2018
Statoil and its partners have contracted the West Phoenix rig for exploration drilling on the UK and Norwegian continental shelves from the summer of 2018.
News
February 26, 2018
In the early hours of Sunday, Feb. 25 drilling started at Oseberg Vestflanken 2. On the Capital Markets Day on Feb. 7 the project could boast break-even reduction from $34 to $16/bbl.
News
February 26, 2018
Deep Sea Mooring (DSM), a Vryhof company, has commenced operations in providing mooring equipment, design and marine supervisory services to Maersk Drilling in Trinidad.
News
February 22, 2018
Borr Drilling announced its intention to acquire Paragon Offshore after inking a binding tender agreement to purchase all outstanding shares for $232.5 million. With the acquisition, Borr gets their hands onto 31 jackups and one semisubmersible unit.
News
February 22, 2018
Following the partnership formed by GE and Noble Corporation plc, the two companies launched the world’s first digital drilling vessel, targeted to achieve 20% operational expenditure reduction across the targeted equipment and improve drilling efficiency.
