Drilling ///

SDX Energy provides update on drilling operations in Morocco

SDX Energy Inc., the North Africa focused oil and gas company, is today providing an update on its operations in Morocco.

PRT Offshore commissions In-line Compensator in Gulf of Mexico

PRT Offshore’s innovative In-line Compensator (ILC) has been successfully deployed and operated from a deepwater drillship in 3,500 ft of water in the Gulf of Mexico.

Trump seen urging all U.S. coastal waters be opened to drilling

The Trump administration is proposing to open almost all U.S. coastal waters to oil drilling, including those off California and Florida.

Norway beats back lawsuit seeking to curb Arctic oil drilling

Norway beat back an unprecedented lawsuit by environmental groups that sought to curb oil drilling in the country’s Arctic waters.

Hamriyah Free Zone Authority partners with Gulf Publishing Company

To further promote the petrochemical, oil and gas sector of the Hamriyah Free Zone, the Hamriyah Free Zone Authority (HFZA) has signed a strategic partnership with Gulf Publishing Company (GPC), the world’s largest independent media company devoted exclusively to the global energy industry for more than 100 years.

Oil surges past shale-drilling tipping point as glut shrinks

Oil climbed above $61/bbl for the first time in two and a half years, surpassing a crucial threshold for spurring new shale drilling.

Maersk Drilling announces four-year contract with Tullow Ghana

Maersk Drilling has been awarded a four year contract for the deepwater drillship Maersk Venturer by Tullow Ghana Ltd.

Otto Energy announces well completion, drilling plans

Otto Energy Limited has advised that the OCS G-34266 #F-2 well (SM 71 F2), operated on behalf of the joint venture by Byron Energy Ltd. within the South Marsh Island 71 (SM 71) lease in the Gulf Of Mexico shelf, will be completed for near term production in the B65 sand.

As oil rises, shale drillers with few or no hedges stand to gain

As the price of oil rises, heavily-hedged shale drillers may find it harder to meet investor demands for payback, boosting the value of producers that haven’t locked in returns for future production.

Shale shows restraint with drillers closing 2017 at standstill

Oil explorers are closing out a year marked for its heightened pleas of austerity from investors with restraint.

Five oil signals to watch as 2018 pits OPEC against shale

Oil traders are going to have their work cut out for them in 2018. OPEC and its allies are heading into the second year of supply cuts to wipe out the global oil glut, while rising U.S. output is threatening those efforts. Geopolitical tensions also add a wild card to the market mix.

Essar Oilfields commences drilling contract with Mercator Petroleum

Essar Oilfields Services (India) Limited (EOSIL) has announced that it has commenced a contract awarded by Mercator Petroleum to drill two firm oil wells, plus one optional oil well in the Cambay basin.

BSEE oversees spudding of new oil well in Arctic

New oil exploration in Arctic federal waters is underway this week with the spudding of a new oil well from an existing man-made island in the Beaufort Sea.

Lukoil produces one million tonnes of oil at Yarega field in 2017

Lukoil has reached another milestone with one million tonnes of oil produced at Yarega field, in the Komi Republic, since the beginning of 2017.

Saudi Arabia said to expect oil revenue to increase 80% by 2023

Saudi Arabia expects oil revenue to jump about 80% by 2023 to help the kingdom record its first budget surplus in a decade, according to people with knowledge of the matter.

Oil holds gains above $58/bbl as U.S. drillers pause rig expansion

Oil held gains above $58/bbl as trading resumed following the Christmas holiday and after U.S. explorers refrained from adding rigs for a second week.

America's hottest oil play just needs a few thousand truckers

When the price of oil collapsed in 2014 and disrupted drilling operations all across Texas’s massive Permian basin shale formation, truckers were among those hardest hit. Rendered unnecessary by the slump in output, they were fired in scores. Now, three years later, with oil prices inching back higher and production in the Permian soaring once again, the drillers want the truckers back.

Oil's bull run wavers as investors wait to see what 2018 holds

After a months-long build-up, investors are wavering, concerned U.S. crude will continue to boom in 2018, undercutting OPEC’s push to drain a global glut.

Top Indian oil explorer to buy—not drill—its way to output goal

India’s biggest oil explorer plans to snatch up producing assets to reach its goal of raising overseas output by more than half in about three years, a faster route than drilling for new reserves.

Saipem awarded additional E&C works, drilling contracts worth $380 million

Saipem has signed a contract with Eni Angola S.p.A. in relation to the West Hub Development project in Angola, which incorporates the work orders previously assigned and communicated in 2016 and 2017 and adds the scope of work for the development of Vandumbu field in Block 15/06.