Drilling ///

Transocean retires six floaters

Transocean announced today its intent to retire six ultra-deepwater floaters. All six rigs were previously cold-stacked. The company will recognize an impairment charge of approximately $1.4 billion during the third quarter of 2017 associated with these actions.

Burisma Group deploys most powerful drilling rig in Ukraine

Burisma Group, an international energy group with assets in Ukraine, purchased a U.S. drilling rig SK 3000 with load capacity of 680 tonnes. The 3,000-HP drilling rig, produced by Service King Manufacturing, Inc., was brought into operation in May 2017 at the well No. 6 of the Vodyanovske field (Kharkiv region).

Scorching-hot American Midwest burns the most Canadian gas since May

The U.S. Midwest is sizzling and it’s taking all the natural gas it can get from Western Canada to keep cool.

Flowserve appoints Lee Eckert to CFO

Flowserve Corporation, a provider of flow control products and services for the global infrastructure markets, announced that Lee Eckert will join Flowserve as senior vice president and CFO, effective Oct. 9.

Hyperdynamics seeks two-year appraisal period for offshore Guinea program

Hyperdynamics Corp. has announced that it has notified the government of the Republic of Guinea that it will be seeking a two-year appraisal period under its oil and gas production sharing contract.

Gazprom Neft begins development of its Otdelnoye oil field

Gazprom Neft subsidiary Gazpromneft-Noyabrskneftegaz has brought its Otdelnoye field located in the northern part of the Surgut District of the Khanty-Mansiysk Autonomous Okrug-Yugra, 70 km from Novosibirsk, into commercial production. Two production wells are currently in operation at the field, with total production running at 170 tonnes/day.

Total signs agreement with Chevron on exploration in deepwater Gulf of Mexico

Total announced it has entered into an agreement to capture seven prospects operated by Chevron in the deepwater Gulf of Mexico.

Mohawk Energy to release new domestic distribution system

Mohawk Energy, a developer of expandable tubular technology, has announced the release of its OnePatch system for domestic distribution on the RigUp Oilfield Marketplace.

BSEE director charts path for robust offshore U.S. energy production

Bureau of Safety and Environmental Enforcement Director Scott Angelle is moving the Outer Continental Shelf energy program toward energy dominance for America. Angelle discussed the work underway at BSEE with industry members at the Louisiana Oil & Gas Association Fall Meeting Tuesday in Lafayette.

DNV GL-led collaboration leads to first guidance on inspection, evaluation of non-metallic seals

DNV GL is now launching the first industry guidance, DNVGL-RP-B301, on inspecting, testing and evaluating non-metallic seals in operation.

Weatherford introduces V0-qualified retrievable well barrier

Weatherford International plc announced the commercial release of the ISO Extreme retrievable well barrier, which is qualified to ISO 14310 V0 standards for gas-tight isolation.

BNK Petroleum commences Brock 9-2H well fracture stimulation in Oklahoma

BNK Petroleum Inc. has announced that fracture stimulation completion operations on the previously drilled Brock 9-2H well have commenced.

Northwest Energy encounters hydrocarbons in Xanadu prospect

Northwest Energy has confirmed that Xanadu-1 has intersected hydrocarbon bearing reservoirs demonstrated by elevated gas readings, oil shows, fluorescence and cut-fluorescence whilst drilling reservoir sections.

Petro Matad announces postponed drilling campaign in Mongolia, CEO search

Petro Matad, the AIM quoted Mongolian oil explorer has provided an operational update.

Halliburton introduces new drill bit for high energy applications

Halliburton has announced the release of GeoTech HE, a robust drill bit that incorporates new features and materials to deliver enhanced performance and increased reliability in today’s high energy drilling systems characterized by very high weight-on-bit and drilling torque.

New hope for Jersey Oil & Gas’ Verbier well as Statoil recommends side-track

Jersey Oil & Gas has given investors some fresh hope that value could be salvaged from the Verbier exploration well, with news that a side-track is being drilled to test another target.

OMV Norge delineates Wisting discovery in the Barents Sea

OMV (Norge) AS, operator of production licence 537, has completed the drilling of appraisal well 7324/8-3 on oil discovery 7324/8-1 (Wisting) in the Barents Sea.

SDX Energy spuds KSR-14 development well in Morocco

SDX Energy Inc., the North Africa focused oil and gas company, has announced the spud of its KSR-14 development well on the Sebou permit in Morocco.

Crude trades near $50/bbl after decline in U.S. drilling

Oil traded near $50/bbl in New York, close to a three-month high, as a further reduction in U.S. drilling added to signs the global crude surplus is abating.

Major energy companies reducing emissions without government oversight

The world’s energy producers are reducing their carbon emissions on a year-over-year basis.