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Exploration & Production

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Business & FinanceProject & Tenders
Vantage lands two-year extension for jack-up rig
Exploration & Production

Vantage lands two-year extension for jack-up rig

Vantage Drilling has been awarded an extension of its drilling services contract for the Emerald Driller jack-up drilling rig.

about 8 years ago
Asia Pacific leads in October offshore rig numbers
Exploration & Production

Asia Pacific leads in October offshore rig numbers

Baker Hughes’ international rig count for October 2017 was 951, up 20 from the 931 counted in September 2017, and up 31 from the 920 counted in October 2016. The international offshore rig count for October 2017 was 204, up 14 from the 190 counted in September 2017, and up 4 from the 200 counted [&h

about 8 years ago
Vantage Drilling revenues jump in 3Q
Exploration & Production

Vantage Drilling revenues jump in 3Q

Vantage Drilling recorded an increase in its third quarter 2017 revenues while its net loss was almost the same as the one reported in the prior-year period.

about 8 years ago
Reuters: Petrobras asks Odebrecht to stop drillship operation after fatal accident
Exploration & Production

Reuters: Petrobras asks Odebrecht to stop drillship operation after fatal accident

Brazilian oil company Petrobras has reportedly asked offshore drilling contractor Odebrecht to stop operations of the Norbe VIII drillship, on which three workers died in June after an explosion. According to a Reuters report on Tuesday, Petrobras carried out an investigation into the causes of the

about 8 years ago
Impairments drag Maersk Drilling to the red
Exploration & Production

Impairments drag Maersk Drilling to the red

Danish offshore driller Maersk Drilling booked a loss for the third quarter 2017 compared to a profit in the prior-year period due to impairments.

about 8 years ago
Lundin picks up drilling permit for Barents Sea wildcat
Exploration & Production

Lundin picks up drilling permit for Barents Sea wildcat

The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway a drilling permit for wellbore 7219/12-3 S offshore Norway.

about 8 years ago
Mubadala completes two development wells on Manora
Exploration & Production

Mubadala completes two development wells on Manora

Mubadala Petroleum has completed the drilling of two development wells on the Manora field in the G1/48 concession in the Gulf of Thailand.

about 8 years ago
U.S. offshore rig count drops by two
Exploration & Production

U.S. offshore rig count drops by two

According to a weekly rig count report by Baker Hughes, a GE company, the number of U.S. offshore rigs dropped by two.

about 8 years ago
No more drilling for Naga-1 rig. JDC sells it for scrap
Exploration & Production

No more drilling for Naga-1 rig. JDC sells it for scrap

Japanese offshore drilling company JDC has sold its 43 years old semi-submersible drilling rig Naga-1 for scrap.

about 8 years ago
Prosafe sinks to loss over impairment charges
Exploration & Production

Prosafe sinks to loss over impairment charges

Prosafe sank to a loss during the third quarter 2017 due to impairments.

about 8 years ago
Transocean posts $1.4B loss in 3Q on fleet impairment
Exploration & Production

Transocean posts $1.4B loss in 3Q on fleet impairment

For comparison, the company for the same period last year reported a net income attributable to controlling interest of $218 million.

about 8 years ago
Nexen hires Maersk Drilling rig for Buzzard campaign
Exploration & Production

Nexen hires Maersk Drilling rig for Buzzard campaign

The drilling campaign is for the Buzzard Phase II Development Project and is planned to start around July 2018.

about 8 years ago
Statoil to drill Gullfaks Sør using Askeladden rig
Exploration & Production

Statoil to drill Gullfaks Sør using Askeladden rig

Norway’s Statoil has received consent from the Petroleum Safety Authority (PSA) to use the Askeladden Cat-J jack-up rig for drilling activities on the Gullfaks Sør field off Norway. To remind, the PSA conducted an audit last week to see how Statoil was ensuring that the Askeladden rig was suitable f

about 8 years ago
Kosmos fails to find oil or gas in Hippocampe well off Mauritania
Exploration & Production

Kosmos fails to find oil or gas in Hippocampe well off Mauritania

Oil company Kosmos Energy has completed drilling the Hippocampe-1 exploration well located in Block C-8 offshore Mauritania but failed to find oil or gas. The well was drilled in approximately 2,600 meters of water with the Ensco DS 12 drillship, formerly known as Atwood Achiever. Designed to test L

about 8 years ago
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