Oil company Shell has reportedly applied for permission to drill into the oil bearing zones of the Chukchi Sea, offshore Alaska. The company, which kicked off drilling at its Burger J well in the Chukchi Sea on July 30, now wants to go deeper, hoping to uncover oil. The company is using two drilling
U.S. operator Freeport-McMoRan Oil & Gas has failed to find oil at the MZ-1 exploration well, offshore Morocco. According to the company’s partner in the Mazagan permit, Pura Vida Energy, the MZ-1 exploration well offshore Morocco has drilled through the three prognosed Jurassic fans and the well ha
The steel jacket for the Statoil-operated Mariner A platform on the UK Continental Shelf (UKCS) left the Spanish Dragados yard yesterday, August 10, and is now on its way to the North Sea. According to Statoil, construction of the large platform sub-structure started in October 2013 and was complete
Paragon Offshore, a global provider of offshore drilling rigs, has stacked two jack-up drilling rigs and has been awarded several contract extensions with reduced dayrates. According to its latest fleet status report issued Tuesday, Paragon stacked the jack-up rig Paragon L1113 in the U.S. Gulf of M
Maersk Oil on Tuesday started exploration drilling on the Tvillingen South prospect in production licence 510 in the Norwegian Sea. Partners in the licence are Maersk Oil Norway AS (operator with 50 per cent), Edison Norge AS (30 per cent) and North Energy (20 per cent). According to Edison, the ope
The Petroleum Safety Authority Norway (PSA) has given its consent to Lundin Norway to drill exploration well 7220/6-2 in the Barents Sea with the Island Innovator drilling rig. Lundin is the operator for production licence 609 in block 7220/6 in the Barents Sea. Exploration well 7220/6-2 is to be dr
The Petroleum Safety Authority Norway (PSA) has given Statoil consent to use pipelines and subsea production facilities on the Åsgard field, in the central Norwegian Sea. Statoil is the operator of Åsgard, which lies in 200-300 metres of water. Åsgard comprises finds the following finds: 6506/12-1 S
The video above will enable you to go inside an offshore accommodation rig, used to support offshore oil and gas operations. The video, shared by Teekay Offshore, shows the Arendal Spirit unit, hired by the Brazilian oil company Petrobras. The Sevan Marine-designed rig was built in 2015 in China. Th
Danish drilling contractor Maersk Drilling has been awarded a new contract for the jack-up rig Mærsk Giant with its compatriot firm DONG Energy. The firm contract covers 150 days of work on the Nini and Siri field in the Danish part of the North Sea. The estimated contract value is $6 million. The c
Otto Energy, the operator of the Hawkeye well offshore Palawan, in the Philippines, has placed the blow-out preventer (BOP) on the seabed and is continuing with the drilling operations. To remind, Hawkeye-1 exploration well was spud on July 31 2015, with the Maersk Venturer drillship. Red Emperor Re
The drillship Deepsea Metro I has started drilling operations in Vietnam under its contract with VietGazprom. The contract has a duration of approximately 20 weeks and an estimated contract value of $40 million. The area of operation is in blocks 130 and 131 offshore Vietnam. The contract also inclu
U.S. weekly offshore rig count has climbed up from last week, Baker Hughes informed on Friday in its Weekly Rig Count reports. BHI Rig Count: U.S. +10 to 884 rigs U.S. Rig Count is up 10 rigs from last week to 884, with oil rigs up 6 to 670, gas rigs up 4 to 213, and […]
Ocean Rig UDW, an offshore drilling contractor, has reported a rise in quarterly profit, and revealed it may be entering the distressed M&A game. The company Thursday reported net income of $74.9 million for the second quarter of 2015, as compared to a net income of $69.6 million, for the same perio
The worldwide offshore rig count in July 2015 dropped to 299 active units, down by ten from 309 in June 2015, and down 96 rigs from July last year, Baker Hughes reported Friday. According to the report, the international offshore rig count in July (excluding the U.S. and Canada) was 264, down from 2
