Drilling ///

Rival drilling tycoons place bets on offshore oil rig recovery

Billionaire John Fredriksen and his former top adviser Tor Olav Troim may not see eye to eye anymore, but they agree on this: it’s time to buy offshore rigs again.

Borr Drilling to acquire 15 jackups from Transocean in $1.35-billion deal

Borr Drilling has announced the signing of a Letter of Intent with Transocean for the acquisition of 15 high-specification jackup rigs.

SDX Energy commences drilling at South Disouq, Egypt

SDX Energy Inc., the North Africa focused oil and gas company, has announced the commencement of drilling operations on the SD-1X well at its South Disouq concession in the Nile Delta area of Egypt.

Madalena Energy begins drilling Vaca Muerta shale at Coiron Amargo Sur Este

Madalena Energy Inc. has announced the commencement of the first horizontal multi-frac re-entry in the Vaca Muerta shale formation at Coiron Amargo Sur Este (CASE).

Armed with $11 billion, Thai oil giants hunt for investments

The Asian energy companies sitting on the largest hoard of cash outside China are ready to put it to use.

Oil drops as U.S. drilling growth threatens to counter OPEC cuts

Oil fell as U.S. drilling continued to rise, undermining the potential for even an extended OPEC output-reduction deal to rebalance the market.

U.S. rig count climbs by 21 following stockpile decline

The U.S. rig count increased by a total 21 rigs in the latest Baker Hughes rig count, from 768 rigs working on March 10 to 789 rigs on March 17.

Trump weighing Eni bid to drill in Arctic waters after Obama ban

The Interior Department is weighing Eni SpA’s request to explore for oil in waters north of Alaska, giving the Trump administration a chance to reverse course from former President Barack Obama’s attempt to curtail Arctic drilling.

GustoMSC introduces new self-propelled cantilever jackup

The NG-5500X-LD is the latest design in GustoMSC’s successful series of self-propelled jackup designs, the NG series. Based on the proven and seasoned NG-2500X and NG-1800X designs, the NG-5500X-LD is a solution for light drilling and well intervention in a large number of mature fields in the Southern North Sea, Middle East and Southeast Asia.

Eni reports dry well northwest of Johan Castberg, Barents Sea

Eni Norge AS, operator of production licence 716, has completed the drilling of wildcat well 7318/12-2. The well, which was drilled about 80 km northwest of the 7220/8-1 Johan Castberg discovery in the Barents Sea, is dry.

Weatherford Brazil facility achieves API Q2 certification

Weatherford International announced today that its facility in Macaé, Brazil, received API Specification Q2 certification. To gain certification, a facility must demonstrate a robust quality management system that assures personnel competency, risk assessment, contingency planning and other key elements.

No hydrocarbons found in Boné exploration well, Faroe Petroleum says

The Boné well has been drilled to a total depth of 3,501 m. The well encountered approximately 106 m of gross water bearing reservoir in the primary target, the Realgrunnen Group. Data acquisition and sampling has been undertaken including logging and water sampling.

Oil at $40 no problem as U.S. drillers snub OPEC with hedges

American oil explorers who survived the worst of the 2014-2016 market rout are shrugging off the 14% slide in prices this year from a high of $55.24/bbl to less than $48/bbl Tuesday.

Australia's Turnbull wins promise of more gas from energy majors

Oil and gas executives have pledged to boost domestic gas production in Australia as Prime Minister Malcolm Turnbull seeks to bridge a supply shortfall threatening the nation’s energy security.

READ signs multi-country cased hole logging services and analysis agreement with Shell

READ Cased Hole (READ) has been awarded a multi-country award in the UK, Ireland and Norway, to provide all cased hole logging services and analysis within scope of supply for Shell’s operations in these regions.

Baker Hughes launches new automated TerrAdapt drill bit

Baker Hughes announced today the commercial release of its TerrAdapt adaptive drill bit, which uses automation to mitigate downhole dysfunctions that cause inefficient drilling and tool failures.

Wärtsilä garners performance contracts for four Songa Offshore drilling rigs

The technology group Wärtsilä has signed a five-year technical management and services agreement with Songa Offshore for four Cat-D type semi-submersible drilling rigs operating in the North Sea. Through the partnership with Wärtsilä, Songa Offshore ensures optimal performance and maximum availability of the Wärtsilä engines and thrusters on board the drilling rigs, which operate in extremely harsh conditions. This is possible with real-time knowledge of the actual condition of the equipment, provided by Wärtsilä's digital offering.

Oil legend’s biggest hunt ever: 10 billion barrels in Alaska

It’s hard to tell where the world ends here on the Alaska North Slope.

Trump tax cut may save oil drillers $10 billion, boost drilling

The Trump administration’s plan to slash corporate tax rates could free up more than $10 billion a year for U.S. oil explorers.

Drilling boom in the Permian may be bad news for gas bulls

A drilling surge in America’s hottest oil play may prove to be a pitfall for natural gas bulls.