Centrica Energy Norway, a subsidiary of the UK-based oil company Centrica, has adopted a new drilling method, for which the company says it has never been used before in the oil and gas industry. The company also claims the method reduces drilling costs. The solution was recently used on the Butch f
Baker Hughes has reported that the international offshore rig count for October 2015 has declined year over year and gone up a bit when compared to September rig count. Baker Hughes’ international rig count covers rigs from Latin America, Europe, Africa, Middle East and Asia Pacific. According to Ba
Songa Offshore, an offshore drilling contractor, has recorded a net loss of $317 million for the third quarter 2015 versus $1 million profit in the same period last year. According to the company, the drilling market is facing challenging times over the next two years. According to its 3Q 2015 repor
UK oil and gas major BP has signed a Heads of Agreement (HoA) with the Egyptian Ministry of Petroleum, regarding the acceleration of the development of the recent Atoll gas discovery in the East Nile Delta, offshore Egypt. The Atoll discovery in the North Damietta Offshore Concession was announced i
Lundin Petroleum has temporarily suspended drilling of the exploration well 7220/6-2 on the Neiden prospect in PL609, in the Barents Sea. Lundin Petroleum started drilling the exploration well in October 2015, using the Island Innovator semi-submersible drilling rig, and has drilled a section of it.
Transocean, one of the world’s largest offshore drilling contractors saw its revenue and utilization drop, due to a shrinking demand for drilling services caused by plunging oil prices. The market situation is not expected to change any time soon, the company said. The company on Thursday reported r
Cairn Energy has spudded the first appraisal well on the SNE oil field located 100km offshore Senegal. According to FAR Limited, a partner in the project, the SNE-2 well will be drilled in approximately 1,100 metres of water and drilled to a TDVSS (total vertical depth subsea) of approximately 2,770
A helicopter with two pilots aboard has reportedly crashed offshore the east coast of India. According to the country’s media, the helicopter owned by Pawan Hans was conducting a night landing test on an offshore oil installation when it ditched and sank. The incident happened on Wednesday approxima
Norwegian oil and gas major Statoil has reached a milestone this week, as it has been ten years since the high-pressure/high-temperature Kristin field in the Norwegian Sea came on stream. Discovered in 1996, the Kristin gas and condensate field is located in the south-western part of the Halten Bank
Statoil has, on behalf of the Johan Sverdrup licence, awarded a contract to Jacktel AS, a wholly owned subsidiary of Master Marine AS, for providing accommodation services on the Johan Sverdrup field in the North Sea. Jacktel AS has been awarded a contract for the Haven jack-up accommodation rig for
Songa Offshore, an offshore drilling contractor, informed on Wednesday that the Songa Equinox rig had arrived in Norwegian waters on October 22, 2015. Songa Equinox is the first rig in a series of four Category D rigs specifically built for and contracted to Statoil. The rig will start its eight-yea
Odfjell Drilling has secured more work for the Deepsea Metro I drillship, as Vietgazprom has exercised the first well test period for the vessel. To remind, the Deepsea Metro I began its contract with Vietgazprom in August 2015 in blocks 130 and 131 offshore Vietnam. The firm contract period is expe
iSurvey has secured a framework contract with Total E&P UK Limited for the provision of rig move navigation and positioning services. According to iSurvey, the framework contract with an effective date of October 12, 2015, is for three years. Under the contract, iSurvey will provide platform, rig an
Diamond Offshore Drilling, a Houston-based driller, has agreed to terminate contracts with Petrobras on the semi-submersible rig Ocean Alliance and the drillship Ocean Clipper. In exchange for the early termination, Petrobras will extend the contract for the semi-submersible Ocean Courage for an add
