Europe’s “first and only oil and gas event focusing solely on topsides installations” is set to take place at the Aberdeen Exhibition and Conference Centre (AECC) on 16th and 17th March 2016. According to the press release, Topsides UK will tackle some of the challenges facing the industry by shinin
Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website according to which the U.S. offshore rig count is down by five. BHI Rig Count: U.S. -90 to 1543 rigs U.S. Rig Count is down 90 rigs from last week to 1543, with oil rigs down 94 to 1223, gas […]
Wood Mackenzie’s Caspian upstream research team have assessed the most significant events of 2014 impacting the region’s oil and gas sector, including the Ukraine crisis and the collapse of global oil prices and significant progress with the region’s high profile megaprojects, identifying the key ar
Russian oil giant Rosneft will not be resuming its Kara Sea operations, offshore Russia’s north this year, Reuters has reported. The company in partnership with ExxonMobil in September last year made an oil discovery at the Universitetskaya-1 well, dubbed the world’s northernmost well in the world.
Royal Dutch Shell has plans to return to Arctic drilling. The company has revealed its intentions while presenting the fourth quarter 2014 results. Shell’s Chief Financial Officer Simon Henry said that the company would spend around $1 billion for drilling in Alaska: “For this year, we’re planning o
Offshore drilling contractor Ensco plc has earned first place for total customer satisfaction in the Oilfield Products & Services Customer Satisfaction Survey. Conducted by EnergyPoint Research, the annual survey is the industry benchmark for customer satisfaction in the global oilfield. The UK-head
Seaway Heavy Lifting has announced the completion of installation of four topsides and a jacket in the Gulf of Mexico. Seaway Heavy Lifting’s crane vessel ‘Oleg Strashnov’ installed the last three topsides in one week for client Protexa/Pemex in the Bay of Campeche in the Gulf of Mexico. The company
The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for well 7220/11-2, in the production licence 609 in the Barents Sea. The well will be drilled from the Island Innovator semi-submersible drilling rig. The drilling programme for well 7220/11-2 relates to the dr
Maersk Drilling has taken delivery of its third ultra harsh environment jack-up, XLE-3, from the Keppel FELS shipyard in Singapore ahead of schedule. Maersk says that the rig will start its mobilization to the Norwegian North Sea in late February where she will, after arrival, start a contract of fo
McDermott International, Inc. has announced that the Derrick Barge 50 (DB50) recently completed the installation of a drilling and production platform in the U. S. Gulf of Mexico continental shelf that included the heavy lift of a 3,250-ton jacket. According to McDermott, this lift establishes the r
Karoon Gas Australia has completed drilling the first of two sidetracks of the Kangaroo-2 appraisal well, located in exploration Block S-M-1165, off Brazil. A multi formation production testing program was successfully completed in the Kangaroo-2 vertical well, the results of which were announced De
Hess Corporation has announced a 2015 capital and exploratory budget of $4.7 billion, a 16 percent reduction from its 2014 actual spend of $5.6 billion. According to Hess, of this, $2.1 billion (45 percent) is budgeted for unconventional shale resources, $1.2 billion (26 percent) for production, $1.
From 15 to 17 December 2014, the Petroleum Safety Authority (PSA) Norway carried out an audit of the jacket fabrication for Gina Krog. The Gina Krog jacket, destined for Statoil’s Gina Krog field development in the North Sea, is under construction at the Heerema yard in Vlissingen, The Netherlands.
In the past couple of days, several internet sources have suggested that George Economou, Greek shipowner and CEO of Dryships and Ocean Rig UDW, is in talks with Samsung to swap a drillship order for a batch of tankers. Amid falling oil prices and oversupply in the offshore drilling rigs market, off
