Oil company Lundin has received consent from the Petroleum Safety Authority (PSA) to drill two wildcat wells in the Barents Sea with the Ocean Rig-owned Leiv Eiriksson drilling rig. The offshore safety body gave its consent to the oil company’s Norwegian entity, Lundin Norway, to drill two wells des
Offshore oil and gas operators in the Gulf of Mexico have evacuated 105 offshore platforms in response to tropical storm Harvey. The U.S. Bureau of Safety and Environmental Enforcement (BSEE) said that, based on data from offshore operator reports submitted at 18:30 CET on Sunday, personnel was evac
Lundin Norway has completed the drilling of Alta oil and gas discovery appraisal wells in the Barents Sea. The oil company will now reassess the resource estimate of the discovery based on results from the pair of appraisal wells. The appraisal wells 7220/11-4 and 7220/11-4 A are located in producti
Oil company Aker BP has completed the drilling of wildcat well 25/4-11, targeting the Hyrokkin prospect, located in the North Sea off Norway. The well is dry. The well was drilled in the central part of the North Sea, about 11 kilometers northwest of the Vilje field and 220 kilometers northwest of S
The number of U.S. offshore rigs climbed up by to 17 units last week, according to a Friday report by Baker Hughes, a GE company. Baker Hughes Rig Count: U.S. -6 to 940 rigs U.S. Rig Count is down 6 rigs from last week to 940, with oil rigs down 4 to 759, gas rigs […]
Oil and gas company Hyperdynamics is nearly finished with the most difficult portion of its Fatala-1 exploration well offshore Guinea. The well is being drilled with the Pacific Drilling-owned drillship Pacific Scirocco, which arrived at location in early August. Hyperdynamics said on Friday that, a
Offshore driller Songa Offshore, soon to be acquired by rival driller Transocean, returned to profit in the second quarter of 2017 despite decrease in revenues due to three stacked rigs. Earlier this month, one of the world’s largest offshore drillers, Transocean, announced its plan to acquire 100 p
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
