Lundin Petroleum has completed the Maligan exploration well in Block SB307/SB308, offshore East Malaysia. The company started drilling the Maligan exploration well in January. The Maligan prospect is in shallow water and lies to the north of a major producing field in offshore East Malaysia. Accordi
KS Energy’s subsidiary KS Drilling has secured a contract with Egypt’s Belayim Petroleum for a jack-up drilling rig. KS Energy has also informed it will have to pay a multi-million fine for its other rig, the KS Java Star. According to KS Energy, Belayim Petroleum will use the company’s KS Medstar-1
ExxonMobil, one of the world’s largest oil companies will reduce its capital investments in 2016 by 25 percent, compared to 2015. In U.S. dollars, this means that ExxonMobil expects to spend around $23 billion. The company’s CEO Rex W. Tillerson said that in the time of the low oil prices ExxonMobil
Following the collapse of a shipyard crane boom that caused damage to Noble’s newbuild jack-up rig, Singapore-based shipyard owner, Sembcorp Marine, has reported that three workers have been injured during the incident. On Sunday, February 28, 2016, at 3.40pm, a shore crane at Sembcorp Marine Tanjon
Offshore drilling contractor Noble Corporation has informed that its newbuild jack-up rig, the Noble Lloyd Noble, sustained damage on February 28, 2016 following the collapse of a shipyard crane boom operating near the rig. The rig is in the late stages of construction at the Sembcorp Marine’s Juron
Dana Petroleum, an oil and gas exploration and production company, has started drilling operations on its high impact exploration well, Manatee-1, on Bakassi West, offshore Cameroon. According to SDX Energy, an oil & gas exploration and production company and partner in the project, the well, which
Total E&P Norge is in the process of completing the drilling of wildcat well 34/6-4, offshore Norway. The well is dry. Total is the operator of production licence 554 located in the North Sea. The well was drilled about 6 kilometres northeast of the 34/6-2 S (Garantiana) oil discovery. The Norwegian
Offshore ultra-deepwater drilling company, Pacific Drilling, on Monday swung to a net loss for fourth-quarter 2015 of $13.6 million, compared to net income of $68 million in the corresponding period of 2014. Pacific Drilling’s contract drilling revenue for fourth quarter of 2015 was $267.6 million,
Statoil has informed that on Tuesday, March 1, 2016, the Deepsea Atlantic drilling rig started work on the first of a total of 35 wells to be drilled in the first phase of the Johan Sverdrup field development, in the North Sea, offshore Norway. “The Deepsea Atlantic drilling rig is currently predril
Plexus Holdings PLC, an oil and gas engineering services business, has received an additional purchase order from Det norske oljeselskap to supply surface wellhead and mudline equipment services for an exploration well on the Norwegian Continental Shelf, offshore Norway. The value of this latest ord
Semco Maritime, an international engineering company, is to refurbish and service semi-submersible rig Island Innovator. The rig will arrive at Semco Maritime’s dock area at Hanøytangen, Bergen, in early March. Island Innovator is owned by Island Drilling and operated by Odfjell Drilling. The rig is
Awilco Drilling, a UK-based drilling contractor that owns two semi-submersible drilling rigs, has informed that one of its rigs is waiting for project acceptance before contract re-start for Apache North Sea. According to Awilco, the WilPhoenix semi-submersible drilling rig remains berthed at Hartle
Odfjell Drilling, an international drilling, well service and engineering company, on Monday posted a profit for the 4Q 2015 that was positively impacted by a reversed tax expense. Odfjell Drilling’s net profit for the 4Q 2015 was $37 million, compared to a loss of $26.8 million in the corresponding
Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website, according to which the U.S. offshore rig count is up by two rigs. BHI Rig Count: U.S. -12 to 502 rigs U.S. Rig Count is down 12 rigs from last week to 502, with oil rigs down 13 to 400, and […]
