Atwood Oceanics Inc. announced today that it has agreed with Daewoo Shipbuilding & Marine Engineering Co. (DSME) to delay the requirement to take delivery of Atwood's two newbuild ultra-deepwater drillships, the Atwood Admiral and the Atwood Archer, by two years to September 30, 2019 and June 30, 2020, respectively.
BP has started drilling on a potential gas play in southern North Sea block 43/26a that, if successful, could open up a new phase of development in the region. The well, being drilled with partners Perenco and Premier, will test the potential of a deep Carboniferous age horizon several hundred meters beneath the mature reservoirs produced by the Ravenspurn ST2 platform.
While Israel is not able to currently meet their energy needs domestically, few companies are well positioned to take advantage of the demand for energy. One such company is Zion Oil & Gas.
Up to five wells will be drilled before Statoil’s Mariner A platform hook-up and commissioning activity starts next summer. First oil is expected to be produced from Mariner in 2018. Hedda Felin, managing director, Statoil Production UK said, “This is an exciting period for us as a UKCS operator as we transition from the planning phase to active offshore operations.”
BP has sanctioned the Mad Dog Phase 2 project in the U.S., highlighting its long-term commitment to the country despite the current low oil price environment. Mad Dog Phase 2 will include a new floating production platform with the capacity to produce up to 140,000 gross bopd from up to 14 production wells. Production is expected to begin in late 2021.
The biggest beneficiaries of OPEC’s decision to shrink oil production will include its most implacable enemies: U.S. shale drillers.
KCA Deutag has been awarded a three-year contract extension by a major North Sea operator for drilling on four platforms in the UK North Sea.
GustoMSC, an independent design and engineering company, has unveiled a new drillship design: Scylax. The new design aims to facilitate mid- to deepwater developments by providing fit-for-purpose capabilities.
The oilfield service companies that supply everything from sand to sophisticated robot rigs are seeking a new lease on life as America’s fracing fortunes begin to turn.
The Canadian Association of Oilwell Drilling Contractors (CAODC) has released its 2017 drilling forecast. According to a statement on the association's website, CAODC is projecting that 4,665 wells—an increase of 1,103 from 2016 (3,562)—will be drilled next year.
STAVANGER -- On Tuesday, Nov. 22, the drilling rig Scarabeo 5 reported a fire in an engine room. There are 106 personnel on board, all have been accounted for and no-one has been reported missing.
Beach Energy Limited and Cooper Energy Limited have announced that Penneshaw-1, an oil exploration well located in PR L 87 on the western flank of the Cooper basin, South Australia, spudded on Tuesday, Nov. 22, 2016 at 00:15 hours.
With help from digital industrial giant General Electric, data from a large amount of sophisticated sensors on a drilling rig are now being processed and analyzed online. The objective: To increase drilling productivity and reduce maintenance costs significantly.
Maersk Drilling and National Oilwell Varco (NOV) have entered into a five-year partnership to improve maintenance predictability for drilling equipment.
Rowan Companies and Saudi Aramco have signed, through their subsidiaries, an agreement to create a 50/50 joint venture (JV) to own, operate, and manage offshore drilling rigs in Saudi Arabia.
Growing confidence that crude prices will rise in coming months is sustaining the expansion of oil drilling in the shale patch.
API released a new report by Catalyst Environmental Solutions showing that the Environmental Protection Agency’s (EPA) finding of no widespread effects to drinking water quality is supported by state and federal regulatory reviews, and dozens of recent peer-reviewed case studies.
Shale drillers in the U.S. are about to tighten their grip on the global natural gas market.
The Obama administration is set to block the sale of new oil and gas drilling rights in U.S. Arctic waters under a five-year blueprint, handing a victory to environmentalists who said the activity threatened whales, walruses and other wildlife in the region.
Efficient subsea safety systems isolate a well in a controlled manner during exploration, completion and intervention. By utilizing a landing string system (LSS), non-productive time (NPT) is reduced significantly during shutdown, disconnect or drive-off, by providing controlled isolation of the wellbore and associated hydrocarbons. The LSS facilitates critical hydraulic and electrical feed-through to subsurface completion components. This yields potential rig time savings of 24-plus hr in shallow water, and up to 48 hr in deep water.