Drilling ///

TGS awarded five-year well data contract extension by BSEE

TGS has been awarded a five-year contract for Digital Well Log Data Processing with the BSEE.

Diamond Offshore introduces big data analytics to BOP monitoring and testing

Diamond Offshore Drilling announced the launch of its Stack-View service, applying 24/7 real-time monitoring, data visualization, and advanced analytics to identify trends and detect anomalies in BOP performance across its rig fleet.

Concho stock plummets 22% casting cloud over Permian

Stock closes at $75.97 for its largest one-day drop since 2008, wiping out $4.4 billion of market value.

Guyana, Bakken bets are paying off for Hess

Focusing on offshore Guyana and Bakken shale opportunities is paying off for Hess, who foresee significant production expansion in the coming years.

Trendsetter Vulcan Offshore deploys next generation wellhead fatigue mitigation system

Trendsetter Vulcan Offshore has contracted with independent oil and gas company Tamarind Resources to provide its next-generation wellhead fatigue mitigation systems for deployment offshore New Zealand.

Upcoming license rounds show great promise for Brazil, says ANP’s Kury

Recent resumption of exploration programs puts Brazil on track to be one of the world's leading oil producers over the next 10 years, said Felipe Kury, director of Brazil’s National Petroleum, Natural Gas and Biofuels Agency.

Transocean taps RigNet for rig analytics, data acquisition support across its fleet

RigNet has signed two multi-year agreements with Transocean to provide rig analytic applications through Intelie Live, the company’s real-time analytics platform, to help improve operational integrity and efficiency.

Whiting shares drop, cuts staff and output target

Whiting shares dropped 23% on Thursday after it fired one-third of its workforce, scaled back its production target and posted quarterly loss.

Oxy and Ecopetrol form 97,000-acre Permian Basin development JV

Occidental and Ecopetrol entered into definitive agreements to form a joint venture to develop 97,000 net acres of Occidental’s Midland Basin properties in the Permian Basin.

ConocoPhillips awarded wildcat permit offshore Norway

The Norwegian Petroleum Directorate has granted ConocoPhillips Skandinavia AS a wildcat drilling permit for well 25/7-7, to be drilled from the Leiv Eiriksson drilling facility.

Halliburton to bring pre-salt expertise to Libra development in Brazil

Halliburton announced the execution of an integrated services contract with Petrobras for pre-salt development in the Santos Basin, driving efficiency by applying pre-salt expertise and integrating multiple product offerings and technologies.

McDermott and BHGE awarded contracts for Ichthys Gas Field Development

McDermott International and Baker Hughes, a GE company announced contracts to provide a joint URF and SPS solution for the INPEX-operated Ichthys Liquefied Natural Gas field development, located off the northwest coast of Western Australia. The awards follow the completion of a front-end engineering and design competition and tender for the engineering, procurement, construction, installation scope by the companies.

BP, Eni to cooperate in Central Oman E&P deal

BP and Eni today signed an exploration and production sharing agreement for Block 77 in central Oman, covering a total area of more than 2,700 square kilometers.

‘Prolific’ Chinese theft ring targeted deepwater drilling technologies

A man who stole deepwater trade secrets on behalf of China was convicted in federal court following the FBI's dismantling of his "prolific network".

Shell Appomattox, Gulf of Mexico’s first HPHT program, receives BSEE approval

Shell’s Appomattox project, located in the Gulf of Mexico about 80 miles south of New Orleans, is the first high temperature project to gain BSEE approval and begin production.

Senegal rules out changing gas contracts amid corruption claims

Senegal won’t change already-awarded natural gas contracts despite calls from the country’s political opposition to rework deals in the wake of corruption allegations, according to a government adviser.

Osaka Gas acquires Sabine Oil & Gas in Japan’s first foray into U.S. shale gas

Osaka Gas has entered into a definitive agreement with Sabine Oil & Gas Holdings to acquire 100% of the outstanding shares of its subsidiary, Sabine Oil & Gas Corporation, which produces shale gas in the amount of 210 MMcfed.

Permian needs $9-billion worth of new wells – but not for crude, says analyst

As much as $9-billion will be needed over the next decade to dispose of produced water in the world’s busiest shale field, according to Raymond James & Associates Inc.

U.S. firms want Nigeria oil and gas sector reforms before investing

Nigeria, Africa’s biggest oil producer, could attract more U.S. investment if the oil and gas sector becomes less opaque and a fuel-price peg is removed, according to a U.S. official.

Eni profit misses, output holds up in mixed bag of results

Eni reported Q2 profit that missed estimates, though production held steady and output-growth targets were confirmed.