Genie Energy Ltd. has announced that it is establishing Atid Drilling Ltd., an onshore drilling services venture based in Israel.
GE Oil & Gas has secured a new contractual service agreement (CSA), valued at approximately $180 million, with Transocean.
Energean Oil & Gas has outlined initial details for the development of Karish and Tanin natural gas fields.
Gazprom Neft subsidiary Gazpromneft Orenburg, has discovered a new field in the Sorochinsky district of Orenburg Oblast. Reservoir engineers have estimated the new discovery, called Novosamarskoye field, has oil-in-place reserves of more than eight million tonnes. This is the first discovery in the area under investigation, which company specialists believe contains a series of smaller deposits.
DNO ASA, the Norwegian oil and gas operator, has announced that the Peshkabir-2 well currently drilling in the Kurdistan region of Iraq has discovered oil in the Cretaceous horizon in the southern flank of Peshkabir field.
Maersk Drilling has taken delivery of its fourth XLE jackup rig, the Maersk Invincible, from Daewoo Shipbuilding and Marine Engineering in South Korea.
Cobalt International Energy has completed drilling operations on the North Platte #4 appraisal well in the U.S. Gulf of Mexico.
Statoil plans to drill around 30 exploration wells in 2017, an increase of around 30% compared to 2016. More than half of the wells will be drilled on the Norwegian Continental Shelf (NCS).
geoLOGIC systems, a portfolio company of BV Investment Partners, has announced that it has purchased Canadian Discovery Ltd.’s (CDL) Well Completions & Frac Database and related products, including its Direct Data Access add-on module and the Drilling Database.
Halliburton has introduced a depth-of-cut rolling element called Cruzer, designed to increase tool face control without reducing drilling efficiency. The element provides operators with the ability to increase ROP to lower cost per foot for improved economics.
Seadrill has received a three-year contract extension from Saudi Aramco for the jackup rig AOD III.
Ophir and its JV partners, BG Tanzania (Shell) and Pavilion Energy, have concluded the drilling of two exploration wells offshore Tanzania, safely and on time.
Shale oil companies are ready to play chicken with supply and demand again.
Gazprom Neft has opened up a new field in Serbia with recoverable reserves in the order of 432,000 tonnes.
Oil explorers added rigs for the eighth straight week, extending a ramp-up of activity in the U.S. shale patch as prices hover near $53/bbl.
Aker BP ASA has concluded the drilling of wildcat well 18S and appraisal wells 18A, 18B and 18C, in the Norwegian North Sea, without establishing commercial production. The wells were drilled in 121 m of water, with the Maersk Interceptor drilling facility, 4 km south of the Frigg Gamma Delta oil discovery.
The Newfoundland and Labrador Oil & Gas Industries Association (Noia) has responded to the moratorium on new oil & gas leasing in Arctic waters announced late yesterday.
President Barack Obama banned new offshore oil and gas development in more than 100 million acres of the U.S. Arctic and undersea canyons in the Atlantic Ocean, an announcement certain to provoke a fight with the Republican-led Congress and his successor in the White House.
KLR Energy Acquisition Corp., an oil and gas E&P focused special purpose acquisition entity, has announced that it has entered into a Business Combination Agreement with Tema Oil & Gas Company, a private company with assets in the core of the Delaware basin, in Loving County, Texas.
Operators in the U.S. put 12 more oil rigs in the field this week, according to the latest data from Baker Hughes.