VAALCO Energy has announced first production from Etame 10-H, the second development well drilled from the newly installed Etame platform, offshore Gabon. The horizontal development well was drilled to a Measured Depth (MD) of 3,144 meters while intersecting over 180m of high quality reservoir withi
Following several artistic impressions of the Bollsta Dolphin semi-submersble drilling rig, Fred. Olsen Energy, the owner, has finally revealed a photo of the rig. The harsh environment ultra-deepwater semi-submersible is currently under construction at the Hyundai Heavy Industries yard in South Kor
Technip has delivered a 23,000-ton truss spar hull to Anadarko Petroleum Corporation for its Heidelberg field development. According to Technip, the hull will soon head to the Heidelberg field located on Green Canyon blocks, offshore USA in the Gulf of Mexico. The water depth at the site is 1,620 me
Hibiscus Petroleum’s wholly-owned entity, Carnarvon Hibiscus Pty Ltd (CHPL), has progressed the plan to start the drilling operations of an exploration well located in VIC/P57 offshore Australia in June 2015. CHPL had, in October 2014, signed a rig share agreement with Origin Energy Resources, where
Dana Petroleum has completed the drilling of the Lille John-2 appraisal well and side-track on the Lille John oil field in licence 12/06 in the Danish North Sea. According to the company, the Lille John-2 (LJ-2) appraisal well and side-track confirmed the presence of sweet, light oil in the Late Mio
Following media reports that Singapore’s offshore rig builders Keppel and Sembcorp Marine have been involved in a bribery scandal with Petrobras in Brazil, both companies have issued separate statements denying the allegations. According to Brazilian newspaper O Globo, Keppel and Jurong (a subsidiar
Statoil and its licence partners have chosen an unmanned wellhead platform as the concept for the Oseberg Future development phase I project in the Norwegian part of the North Sea. The platform will be controlled from the Oseberg field centre. The investment decision is expected next winter. Three v
Prosafe, the world’s largest owner of offshore accommodation rigs, known as flotels, has today reported its net profit for the fourth quarter of 2014 was $51 million. The profit was lower when compared to $59.7 million earned in the same period of 2013. Explaining the drop in profit, the company has
Operator Statoil has together with PL035 partners completed a two-well programme in the Krafla area in the North Sea. Since 2011 significant new recoverable resources have been proven in the area, Statoil said in the press release. According to the Norwegian Petroleum Directorate (NPD), the 30/11-8
Diamond Offshore Drilling, a Houston-headquartered drilling contractor, today reported its fourth quarter 2014 net income of $99 million, compared to net income of $93 million, or $0.67 per diluted share, in the fourth quarter of 2013. Revenues in the fourth quarter of 2014 were $675 million, compar
Baker Hughes on Friday issued it weekly rig count for U.S. and Canada.
Sterling Resources Ltd., a Canada-headquartered oil and gas company, has announced that the Crosgan gas discovery appraisal well 42/15b-3 in the UK Southern North Sea, will be plugged. The well, operated by RWE Dea, and drilled by the Ensco 70 jack-up drilling rig, has reached a total depth of 8401
Baker Hughes Incorporated has posted an international rig count report for January 2015 on its Investor Relations website according to which the international offshore rigs are down by 24 from last month. The international rig count for January 2015 was 1,258, down 55 from the 1,313 counted in Decem
Lundin Petroleum’s subsidiary, Lundin Norway, has completed the drilling of wildcat well 26/10-1, off Norway. The well investigated the hydrocarbon potential of the Zulu prospect in PL674BS, which is located 100 km west of Stavanger on the Norwegian west coast and approximately 30 km northeast of th
