Otto Energy has encountered hydrocarbons shows at its exploration well, offshore Palawan in the Philippines, but the volumes appear to be sub-commercial. According to a partner in the project, Red Emperor Resources, the exploration well named Hawkeye-1 was drilled to the planned total depth of 2,920
The Norwegian Petroleum Directorate (NPD) has issued a drilling permit to VNG Norge AS for a wildcat well in the Norwegian Sea. VNG will use the Transocean Arctic semi-submersible drilling rig for the 6406/12-4 A exploration well in the Production licence 586. The well will be drilled after drilling
Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website. According to the latest report, the U.S. offshore rig count has dropped when compared to last week’s count. BHI Rig Count: U.S. +0 to 884 rigs U.S. Rig Count is unchanged from last week at 884, with oil
The Gulf Coast Ecosystem Restoration Council this week released a draft with a priority list of restoration projects to be funded by the cash obtained from a settlement with Transocean, over the Deepwater Horizon oil spill in 2010. Using the money from the settlement with Transocean, which owned the
Deepsea Metro II, an ultra-deepwater drillship delivered in late 2011, has been put up for sale. Chloe Marine Corporation Ltd. said on Friday it formally resolved to initiate a process to sell the ultra deepwater drillship “Deepsea Metro II”. Pareto Offshore AS has been appointed as exclusive broker
Petronas’ exploration well in the Celtic Sea offshore Ireland, which the company is drilling through its subsidiary PSE Kinsale Energy, has been deemed a failure. According to its partner in the licence, Lansdowne Oil & Gas, drilling has reached target depth at the Midleton exploration well, in the
Danish drilling contractor Maersk Drilling reported its 2Q 2015 profit of $218 million, up from $117 million in the second quarter of 2014. The driller which owns a fleet of 22 offshore drilling rigs said the result was positively impacted by continued strong operational performance, fleet growth, g
Paragon Offshore CEO Randall D. Stilley has said in the company’s second quarter 2015 results report that the offshore drilling environment has deteriorated further since the quarter ended and there is no improvement on the near-term horizon. The offshore drilling contractor today reported a fall in
Norwegian oil giant Statoil has informed that the first piece of the Johan Sverdrup development has now been completed and installed on the field in the North Sea. It was Heerema Marine Contractors’ crane vessel “Thialf” that completed the installation of the 280-tonne pre-drilling template on the J
The Norwegian Petroleum Directorate (NPD) has granted Statoil a drilling permit for well 16/7-11, in the North Sea. The drilling programme for well 16/7-11 relates to the drilling of a wildcat well in production licence 072 B. The area in this licence consists of parts of block 16/7. The well will b
E.ON E&P Norge AS, operator of production licence 650, has completed drilling wildcat well 6507/3-11 S located in the Norwegian Sea. The well is dry. The well was drilled about 12 kilometres east of the Skarv field in the Norwegian Sea. Water depth at the site is 350 metres. The primary and secondar
Lundin Norge AS, operator of production licence 359, has completed drilling wildcat well 16/4-9 S on the Luno II North prospect in the North Sea, offshore Norway. The drilling has resulted in a minor oil discovery. The well was spud in June and drilled about 15 kilometres south of the Edvard Grieg f
Lukoil has reached a landmark by passing a 5 million tonnes (38.6 million barrels) mark in oil production at the Yuri Korchagin field in the Caspian Sea. The Yuri Korchagin field is an offshore oil field in the Russian sector of the North Caspian Sea. The field is located 180 kilometres (110 mi) fro
The Petroleum Safety Authority Norway (PSA) carried out an audit of Statoil’s Heimdal operations, in the North Sea, offshore Norway. Heimdal is a gas field lying under 120 metres of water in the central North Sea. The Heimdal Gas Center is a hub for the processing and distribution of gas. It consist
