Drilling ///

Schlumberger buy a test of Russia-U.S. ties

U.S. oilfield services giant Schlumberger NV has agreed to buy a 51% in Russian peer Eurasia Drilling Co. (EDC) in a deal likely to test Russia-U.S. ties.

Schlumberger to acquire majority share in Eurasia Drilling Company

Schlumberger announced today an agreement to acquire a majority (51%) equity interest in Eurasia Drilling Company Limited.

Keystone Test Facility enhances efficiencies, reliability with new testing resource

Keystone Test Facility (KTF) brings a new testing resource to the drilling industry with some very useful and innovative features that will enable test engineers a broader range of opportunities.

Statoil granted drilling permit for wells in PL 124

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for wells 6507/8-9 and 6507/8-U2, cf. Section 8 of the Resource Management Regulations.

Oil edges up towards $49 amid U.S. drilling slowdown

Oil edged up to about $49/bbl on Monday after fewer drilling rigs were added in the United States last week, helping ease concerns that surging shale supplies will undermine OPEC-led production cuts.

Statoil reports small gas find southeast of Snøhvit field in the Barents Sea

Statoil Petroleum AS, operator of production licence 849, has concluded the drilling of wildcat well 7121/8-1. The well was drilled about 25 km southeast of the Snøhvit field in the Barents Sea. The well proved gas.

U.S. said to stymie Japan's plan to explore for Russian oil

A Japanese group’s plans to explore for Russian oil with state-run Rosneft have been stymied by U.S. intervention over sanctions.

Collecting cash from shale without spending on drilling

Bob Ravnaas raised a paddle in a Houston auction house to secure his first block of mineral rights 19 years ago, when oil prices were about $20/bbl.

Premier Oil says North Sea exploration no longer attractive

Premier Oil, which produces more than half its oil in the British North Sea, said on Thursday that exploring for resources in the basin was no longer attractive, a day after it announced a major discovery off Mexico.

Trendsetter Engineering completes live well operations with 15,000-psi subsea hydraulic intervention system

Trendsetter Engineering has successfully completed live well operations with the new 15,000-psi subsea hydraulic intervention system (STIM). The STIM system, which had previously been utilized for subsea hydrate remediation work, has now completed seven subsea projects in the GOM since November 2016, in water depths ranging from 2,500 ft to 7,200 ft.

Barryoe Partners granted two-year extension for exploration contract offshore Ireland

The Barryroe Partners have been granted a two-year extension to the term of the First Phase of SEL 1/11 to July 2019 and overall term to July 2021 by the Minister for Communications, Climate Action & Environment subject to the Barryroe Partners carrying out a work program that includes the evaluation of newly reprocessed 3D seismic data together with an assessment of the Jurassic and Triassic exploration potential of the lisence area.

Bbbl offshore Mexico find could spur rush on next lease auctions

A billion-barrel crude discovery in Mexico could be just the lure the country needs to boost investment from oil majors.

Lundin Petroleum encounters hydrocarbons in Barents Sea's Alta appraisal well

Lundin Petroleum AB has announced that its wholly-owned subsidiary Lundin Norway AS has successfully completed the drilling and production testing of Alta appraisal well 7220/11-4 (Alta-4) located in PL609 in the southern Barents Sea.

Statoil secures Seadrill rig for exploration drilling in Brazil

Statoil Brasil Oleo e Gas Ltda has awarded Seadrill two service contracts for exploration drilling in the BM-S-8 license in Brazil's Santos basin.

Industry executives see more pain as price recovery slips to 2020

Three years into the biggest oil downturn in a generation, industry leaders see the recovery slipping further from view.

API: Oil and gas drilling sees 62% increase over 2016 levels

API today announced that estimated total wells drilled and completed in the second quarter of 2017 increased 62% compared to the second quarter of 2016.

Philippine official says drilling for oil in disputed sea may resume this year

Drilling for oil and natural gas on the Reed Bank in the South China Sea may resume before the end of the year, a Philippine energy official said on Wednesday, as the government prepares to offer new blocks to investors in bidding in December.

Providence Resources begins drilling operations in Ireland's southern Porcupine basin

Providence Resources, the Irish based exploration company, has provided an operational update regarding Frontier Exploration Licence (FEL) 2/14 located in the southern Porcupine basin. FEL 2/14 is operated by Providence Resources plc (56%) on behalf of its partners Capricorn Ireland Limited (a wholly-owned subsidiary of Cairn Energy PLC, 30%) and Sosina Exploration Limited (14%), collectively referred to as the “JV partners”.

Halliburton sees 2020 oil spike after industry cuts $2 trillion

Halliburton expects that the worst crude crash in a generation will lead to a spike in oil prices by 2020.

Abrado operates P&A barrier placement in Gulf of Mexico

Abrado announced today that it has completed the fourth well in a multi-well campaign using the “Investigate, Operate and Validate” system, by performing downhole video pre and post-window inspection as well as multi-string section milling with its proprietary Medusa cutting technology.