Offshore driller Seadrill saw its share prices touch an all time low following the release of the company’s second quarter report. The shares fell below NOK 2,00 on Thursday morning, with some trades made at below 1,79 NOK a share, a giant drop from the 2013 heydays when the share was at an all time
By: David Carter Shinn It may sound too good to be true, but it’s not completely out of the question. With utilization levels at just over 50% for all rig types and over 130 newbuild rigs stranded or under construction, the need for an increase in rig scrapping (recycling) seems obvious. But it’s no
Norwegian oil company Statoil has made a minor gas discovery northeast of the Heidrun field in the Norwegian Sea. According to a Thursday statement by the Norwegian Petroleum Directorate (NPD), Statoil is about to complete the drilling of wildcat well 6507/8-9 located in production license 124 where
Prosafe, an Oslo-listed owner of accommodation rigs also known as flotels, sank to a loss during the second quarter of 2017 as its revenues nearly halved due to lower utilization and chopped dayrates. In its report on Wednesday, Prosafe posted a net loss for the second quarter 2017 of $33 million co
OMV Petrom has started drilling operations in the Black Sea, offshore Romania, using GSP’s Uranus jack-up drilling rig. The news was shared by GSP who said the rig move had begun on August 19th, 17:00, with the jack-up reaching the work location the following day. The rig moving and positioning oper
Norway’s offshore safety agency, the Petroleum Safety Authority (PSA), has given Eni Norge a consent to drill an exploration well in the Barents Sea using the Scarabeo 8 drilling rig. According to the PSA’s statement on Wednesday, the Norwegian entity of Italian oil major Eni, Eni Norge, applied for
Kosmos Energy has completed the drill stem test (DST) of the Tortue-1 well, demonstrating that the Tortue field offshore Mauritania is a world-class resource. The DST also confirmed key development parameters including well deliverability, reservoir connectivity, and fluid composition, the company s
Greenpeace has informed that its 35 activists and its Arctic Sunrise ship have been released following last week’s arrest in Norway. The Norwegian Coast Guard last Thursday boarded the Arctic Sunrise and arrested the ship and the crew at Statoil’s Korpfjell drill site in the Barents Sea, after Green
Offshore driller Ensco has secured a contract for its ultra-deepwater drillship ENSCO DS-7 with Noble Energy in Israel. Noble will use the drillship to to drill two wells and complete four production wells at the Leviathan field development in the Mediterranean Sea. The contract is expected to start
The Norwegian Petroleum Directorate (NPD) has granted Aker BP drilling permits for two wells in the North Sea, offshore Norway. NPD said that the wells 25/2-19 S and 25/2-19 A would be drilled using the Maersk Interceptor drilling rig in the North Sea production license 442. The drilling program for
The U.S. weekly offshore rig count fell again following a slight rise a week ago. According to the Baker Hughes weekly U.S. rig count report on Friday, the overall North American rig count including Canada fell to 1160 this past week, down from 1169 in the previous week. U.S. Rig Count is down 3 rig
Offshore driller Noble Corporation has been awarded a double contract extension for one of its drilling rigs in the U.S. Gulf of Mexico. Namely, Noble said on Thursday in its fleet status report that the 1981-built semi-submersible drilling rig Noble Paul Romano secured two extensions with the oil c
The Norwegian Petroleum Directorate (NPD) has granted Wellesley Petroleum a drilling permit for a wildcat well in the North Sea, offshore Norway. The well 33/9-12 S will be drilled from the Deepsea Bergen semi-submersible drilling rig. The Norwegian oil and gas explorer awarded a contract to the Odf
Norwegian authorities have stopped a protest by Greenpeace against Statoil’s drilling activities in the Barents Sea offshore Norway, seizing the organization’s ship and arresting 35 activists and crew on board. Greenpeace activists on Thursday entered a 500-meter safety exclusion zone of Statoil’s d
