The production from the Encana Corporation’s Deep Panuke platform, located offshore Nova Scotia, has been shut in. The production was shut in due to excess of water in its natural gas reservoir. In the 1Q 2015 results published on May 12, 2015, Encana President and CEO, Douglas James Suttles, said t
Maersk Drilling has delivered a profit of $168 million in the first quarter of 2015 compared to $116 million in the first quarter last year. The company says that the result was positively impacted by fleet growth and continued good operational performance, but partly offset by two rigs being idle.
Suncor Energy Norge AS, operator of production licence 375, has completed drilling of appraisal well 34/4-14 S in the oil discovery 34/4-11, in the North Sea. The discovery was proven in 2010, and is located approximately 20 kilometres northwest of the Snorre field in the North Sea. The reservoir is
OMV (Norge) AS, operator of production licence 537, is in the process of concluding the drilling of wildcat well 7324/8-2, in the Barents Sea. According to the Norwegian Petroleum Directorate (NPD), the well is dry. The well was drilled about 6 kilometres southeast of oil discovery 7324/8-1 “Wisting
Dharmendra Pradhan, Indian Minister of State Petroleum & Natural Gas visited the Oil and Natural Gas Corporation (ONGC) installations and facilities in the Mumbai High Western Offshore yesterday, May 14, 2015. According to the press release from ONGC, the Minister visited the Rig-Virtue 1 to have an
Prosafe, world’s largest provider of offshore accommodation rigs, has reported its net profit for the first quarter of 2015 of $27 million, up from $18 million in the first quarter of 2014. The company’s operating profit for the first quarter amounted to $55.4 million versus $22.9 million in the sam
While Shell may have received a conditional approval by the U.S. Bureau of Ocean Energy Management to drill for oil in the Chukchi Sea offshore Alaska, it has yet to skip a Port of Seattle hurdle. Namely, the company may not be able to dock its two Arctic-bound drilling rigs in the Port’s Terminal 5
BP Trinidad and Tobago LLC (BPTT) has announced that the Ocean Victory semi-submersible drilling rig has arrived in Trinidad and Tobago. The company said that the drilling operations are expected to start in May. After taking on personnel, equipment and supplies, the rig, which is owned and operated
Earlier this month Teekay’s first offshore accommodation rig, Arendal Spirit, arrived to Rio de Janeiro, Brazil. After a long journey since its departure from the COSCO shipyard in China, the vessel was anchored and offloaded from the heavylifter in Brazilian waters. Arendal Spirit will now undergo
The Norwegian Petroleum Directorate (NPD) has granted Tullow Oil Norge AS a drilling permit for well 6507/11-11 in a prospect named Zumba located in the Norwegian Sea. The company recently received consent from the Petroleum Safety Authority Norway for drilling well 6507/11-11 with the Leiv Eiriksso
A/S Norske Shell has received consent from the Petroleum Safety Authority (PSA) Norway to use the Transocean Barents drilling rig to drill a production well on the Draugen field in the Norwegian Sea. According to PSA, Shell has applied for consent to drill a new production well designated 6407/9-G-5
The U.S. Bureau of Ocean Energy Management (BOEM) has conditionally approved Shell Gulf of Mexico, Inc.’s revised multi-year exploration plan for the Chukchi Sea, offshore Alaska. The exploration plan describes all exploration activities planned by Shell, including the timing of these activities, in
Cairn Energy and its joint venture partners have submitted a three year evaluation work plan to the Government of Senegal. This plan includes an initial program of three firm and three optional exploration and appraisal wells, with drilling starting in Q4 2015 in Cairn’s new basin play offshore Sene
Australia’s Origin Energy Limited, as Operator of the BassGas Joint Venture, today announced that the Yolla-6 production well located offshore Australia had reached total depth of 3,653m MDRT (Measured Depth Below Rotary Table). The well spudded at 21:30 hours AEDT on March 14, 2015. The well was dr
