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Exploration & Production

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Business & FinanceProject & Tenders
Frigstad exits deepwater rig market
Exploration & Production

Frigstad exits deepwater rig market

Offshore drilling contractor Frigstad Offshore has decided to exit from an investment in Frigstad Deepwater’s newbuilds to position itself for the industry recovery, the company said on Tuesday. Frigstad Deepwater Holding Ltd, a subsidiary of Frigstad Offshore Group, has decided to sell all of its s

about 9 years ago
Hercules sheds pair of jack-up rigs
Exploration & Production

Hercules sheds pair of jack-up rigs

Drilling contractor Hercules Offshore has sold two of its jack-up drilling rigs for a total of $130 million. Hercules British Offshore, a subsidiary of Hercules Offshore, on Friday, December 2 entered into an agreement with Magni Drilling for the sale of two, 2013-built, jack-up drilling rigs, Hercu

about 9 years ago
BP starts drilling ops on new North Sea prospect
Exploration & Production

BP starts drilling ops on new North Sea prospect

Oil giant BP has started drilling on a potential carboniferous gas play in southern North Sea block 43/26a. BP said on Monday that, if successful, the gas play could open up a new phase of development in the region. The well, being drilled with partners Perenco and Premier, will test the potential o

about 9 years ago
Suspension period for ‘Songa Enabler’ starts in late December
Exploration & Production

Suspension period for ‘Songa Enabler’ starts in late December

Drilling contractor Songa Offshore has informed that its Cat D rig Songa Enabler will go on a suspension period in late December. The driller announced in late October that Statoil would suspend the Songa Enabler contract once the rig completed operations on a well on the Snøhvit field in the Barent

about 9 years ago
Tullow terminates rig deal with Seadrill
Exploration & Production

Tullow terminates rig deal with Seadrill

Following a force majeure declared in October 2016, oil company Tullow Oil has terminated a drilling contract it had with Seadrill Partners for an offshore drilling rig in Ghana. Seadrill Partners, the offshore driller, said Friday it had received a notice of termination from Tullow Oil Ghana for th

about 9 years ago
U.S. offshore rig count down by one unit
Exploration & Production

U.S. offshore rig count down by one unit

The U.S. offshore rig count dropped by one unit last week, according to a weekly rig counts report by the oilfield services provider Baker Hughes. BHI Rig Count: U.S +4 to 597 rigs U.S. Rig Count is up 4 rigs from last week to 597, with oil rigs up 3 to 477, gas rigs up […]

about 9 years ago
Statoil kicks off production drilling on Mariner (VIDEO)
Exploration & Production

Statoil kicks off production drilling on Mariner (VIDEO)

Norwegian oil company Statoil has started production drilling on the Mariner field in the UK North Sea. Statoil said on Friday that up to five wells will be drilled before the Mariner A platform hook up and commissioning activity starts next summer. First oil is expected to be produced from Mariner

about 9 years ago
GustoMSC launches new deepwater drillship design
Exploration & Production

GustoMSC launches new deepwater drillship design

GustoMSC, a Dutch company providing engineering and design services for international offshore energy companies, has unveiled its new Scylax drillship design. GustoMSC said on Tuesday that Scylax was designed to make developments available in the mid to deepwater market by providing fit-for-purpose

about 9 years ago
Interview: The past, the present, and the future of floating rig market
Exploration & Production

Interview: The past, the present, and the future of floating rig market

Offshore Energy Today has interviewed Liz Tysall Senior Offshore Rig Analyst of Rystad Energy, an energy intelligence group based in Norway. The interview follows a recent report by Rystad on offshore drilling market, floating rigs, in particular. The interview itself focuses on the floaters market,

about 9 years ago
Semi-sub Transocean Spitsbergen to drill another well for Hurricane
Exploration & Production

Semi-sub Transocean Spitsbergen to drill another well for Hurricane

UK-based oil and gas company Hurricane Energy has exercised its option over the semi-sub rig Transocean Spitsbergen to drill the Halifax prospect off the Shetland Isles. The option was exercised on November 25, 2016. According to the rig contract amendments entered into with Transocean, the oil comp

about 9 years ago
Statoil to drill Johan Sverdrup appraisal with ‘Deepsea Atlantic’
Exploration & Production

Statoil to drill Johan Sverdrup appraisal with ‘Deepsea Atlantic’

Norwegian oil company Statoil has received consent from the Petroleum Safety Authority (PSA) to drill an appraisal well at Johan Sverdrup field, offshore Norway, with the Deepsea Atlantic rig. Statoil is the operator of the Johan Sverdrup field, in the North Sea, around 140 kilometers west of Stavan

about 9 years ago
Five dead after chopper crashes into Caspian Sea off Iran
Exploration & Production

Five dead after chopper crashes into Caspian Sea off Iran

An Iranian helicopter on its way back from an offshore oil rig reportedly crashed into the Caspian Sea off Iran early on Sunday killing all five people on board. According to a report by Iran’s Press TV, an English-language news and documentary network based in Tehran, the helicopter belongs to the

about 9 years ago
Weekly U.S. offshore rig count flat at 23 units
Exploration & Production

Weekly U.S. offshore rig count flat at 23 units

Oilfield services provider Baker Hughes has reported that the offshore rig count in the U.S. remained flat last week. BHI Rig Count: U.S +5 to 593 rigs U.S. Rig Count is up 5 rigs from last week to 593, with oil rigs up 3 to 474, gas rigs up 2 to 118, and miscellaneous rigs unchanged at […]

about 9 years ago
Cairn takes Stena drillship for Senegal wells
Exploration & Production

Cairn takes Stena drillship for Senegal wells

Cairn Energy has decided to drill two appraisal wells on the SNE oil field off Senegal in 2017 with Stena Drilling’s 2007-built drillship, Stena DrillMAX. Cairn, as the operator, has a 40% working interest in the three blocks offshore Senegal (Sangomar Deep, Sangomar Offshore, Rufisque Offshore). Co

about 9 years ago
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