Drilling ///
Africa Energy Corp., an oil and gas company with exploration assets offshore South Africa and Namibia, is pleased to announce that the joint venture partnership for Block 11B/12B offshore South Africa has entered into a multi-well drilling contract with Odfjell Drilling for the Deepsea Stavanger semisubmersible rig.
Global drilling and engineering contractor KCA Deutag (KCAD) is delighted to announce that its land drilling operation has won three new contracts in Russia worth approximately $168 million.
The European Union is poised to freeze most high-level contacts with Turkey and cut the flow of funds to the country, while holding back for now on sanctions that could target Turkish companies involved in offshore drilling in the eastern Mediterranean.
The promise of the Permian is shrinking.
Cuadrilla today confirmed that it will return to hydraulic fracturing and flow testing of natural gas at its flagship Lancashire site in Preston New Road, near Blackpool.
The surprise departure of Mexico’s finance minister has the state oil company’s watchers biting their nails.
Capricorn Norge AS, operator of PL 758, has completed the drilling of wildcat well 6508/1-3.
The European Union may suspend most high-level contact with Turkey and cut the flow of funds in protest at its drilling activities off the coast of Cyprus.
Emily Querubin, World Oil
Talos Energy has completed its appraisal program for the Zama discovery on Block 7, in the offshore portion of Mexico’s prolific Sureste basin.
Jim Redden, Contributing Editor
New Zealand’s faux ban
Staff, Energy Web Atlas; Staff, World Oil
As the play’s oil production continues to advance, several pipeline projects may help to make the transportation of that crude easier.
David Blackmon, Contributing Editor
Elected officials are doing their best to kill off the golden goose in two states that have benefitted mightily from the shale revolution.
American oil explorers cut back on the number of drilling rigs this week, matching a one-year low reached last month, as crude’s rally falters amid growing concerns over demand.
Kuwait Oil Company (KOC) and Halliburton have announced the companies have signed an integrated offshore drilling services contract for six high-pressure high-temperature (HPHT) exploration wells on two jackup rigs in the Arabian Gulf.
For the oilfield services industry, it’s no longer about merely navigating a downturn. It’s now about survival.
Varel Oil and Gas is staking it’s claim on the curve bit market by utilizing decades of bit design experience with accurate, predictive simulation software to target what directional companies and operators need most: consistent, controllable bits in the curve.
GulfSlope has announced the execution of a letter of intent with a privately held oil and gas company to form a joint venture to generate and drill shallow depth prospects in the Gulf of Mexico.
Maersk Drilling has secured contracts for a two-well project for the drillship Maersk Valiant with Repsol Exploración Mexico, S.A. de C.V. for work in Block 10 and 29 offshore Mexico in the Gulf of Mexico.
It’s been five years since crude hit a low of $26/bbl. While prices have recovered some of the lost ground, shale producers are still feeling the pain.
Aker BP ASA, operator of production license 777, has completed the drilling of wildcat well 15/6-16 S. The well was drilled about 10 km north of Gina Krog field and 220 km west of Stavanger in the central part of the North Sea.