Wintershall Norge AS has awarded a series of four-year contracts for supply of well completion equipment and services for the Maria development it operates in the Norwegian Sea, and for other operations on the Norwegian Continental Shelf. The contracts have been awarded to six companies including Ha
Norwegian drilling contractor Odfjell Drilling posted a net loss for the first quarter of 2016. The reported loss was $21 million, down from a profit of $18 million in the first quarter of 2015. Odfjell said its operating revenue fell to $158 million for the quarter due to a reduction in activity wi
Mubadala Petroleum has failed to unearth commercial volumes of oil at its latest exploration well in the Gulf of Thailand. According to Tap Oil, a partner in the project, the Sri Trang-1 exploration well was spudded on May 17, in 40 meters of water, using the Atwood Orca jack-up drilling rig. Tap sa
Deepwater drilling contractor Seadrill is eyeing further cash savings after posting a lower profit and revenues for the first quarter of 2016 due to lower dayrates for several of its drilling rigs. During the quarter, Seadrill’s reported net income fell to $88 million, compared to $448 million in th
Sembcorp Marine, a Singapore-based rig builder, has rebuffed allegations linking it with a conspiracy case in Brazil. The company was responding to an article by the Norwegian newspaper Upstream, according to which Sembcorp Marine and its subsidiary Jurong Shipyard have been named as defendants alon
Norwegian subsidiary of the Italian oil company Eni has received consent from the Petroleum Safety Authority in Norway to drill an exploration well in block 7222 in the Barents Sea with one of Saipem’s drilling rigs. Eni Norge, the operator for production licence 226 in the Barents Sea, is going to
Following an early termination of contracts for two Noble Corporation’s drillship, oil company Freeport-McMoRan Oil & Gas has decided to cancel another drillship deal, this time with the offshore drilling contractor Rowan Companies. Rowan Companies on Monday announced an agreement with its customer,
Faroe Petroleum, the independent oil and gas company focusing activities in Norway and the UK, has started drilling the Brasse exploration well 31/7-1 in the Norwegian North Sea. The Brasse prospect, operated by Faroe with 50% interest, is located immediately south of the producing Brage oil field (
Under a program organized by the Research Partnership to Secure Energy for America (RPSEA), Doris Inc., the Offshore Technology Research Center (OTRC) at Texas A&M University and Sevan Marine have carried out further research and model scale testing of Sevan Marine’s cylindrical hull for application
Norwegian oil company Statoil has started drilling a wildcat well in the North Sea, offshore Norway. According to the Norwegian Petroleum Directorate (NPD), a government agency whose task is to manage the oil and gas resources on the Norwegian Continental Shelf, the company spudded the wildcat well
French energy company Engie, formerly known as GDF Suez, will drill for hydrocarbons in the North Sea, offshore Norway, using Transocean’s semi-submersible rig. The Norwegian oil industry offshore safety body, the Petroleum Safety Authority (PSA), granted Engie a consent for drilling in production l
Offshore drilling contractor Seadrill has received another notice of termination for convenience, this time from the oil company Statoil and related to the contract for the West Hercules semi-sub rig. Seadrill also recently got a notice of termination for a drillship contract it had with ExxonMobil.
Oil company Wintershall has completed the drilling of two wildcat wells near the Vega field, in the North Sea offshore Norway, without a significant oil discovery. The Norwegian Petroleum Directorate (NPD) announced on Monday that Wintershall completed wildcat drilling of exploration wells 35/8-6 S
U.S. offshore rig count recovered by two units during last week, according to a report by the oilfield services provider Baker Hughes. BHI Rig Count: U.S. -2 to 404 rigs U.S. Rig Count is down 2 rigs from last week to 404, with oil rigs unchanged at 318, gas rigs down 2 to 85, and […]
