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Oil & Gas Drilling News

 

Four Steps to Successful Rig Intake

Sep 25, 2019

After a period of dormancy, drilling activity and rig utilization is up. Yet despite an increase in demand for rigs, there is still an oversupply. Few long-term fixtures, gaps in schedules and rigs moving between different regulatory regimes create new rig intake challenges.What does this mean for your rig intake strategy? Your preference may be to contract a hot rig, as the operational risks are significantly less when compared to contracting a rig which has been nonoperational…

Borr Drilling Takes Delivery of Newbuild Jack-Up From Keppel

Jan 15, 2020

Offshore drilling contractor has taken delivery of a newbuild jack-up rig from Singapore's Keppel. This is Keppel's first rig delivery in 2020.Keppel said Wednesday that the offshore drilling rig, named Heimdal, was built to Keppel's KFELS B…

Shelf Drilling Finds Work for Ex-Maersk Jack-Up

Jan 14, 2020

The U.S. oil major Chevron has chartered a Shelf Drilling jack-up drilling rig on a long-term deal. Chevron will use the rig in Thailand.Shelf Drilling said on Tuesday that Chevron Thailand had contracted the Shelf Drilling Enterprise jack-up unit…

CNOOC to Drill 227 Exploration Wells in 2020

Jan 13, 2020

Chinese oil company CNOOC plans to drill 227 exploration wells in 2020 and has set aside up to around $13,8 billion for capital expenditures, CNOOC's highest annual Capex since 2014, according to Reuters.CNOOC said Monday that its targeted net…

Sapura Esperanza Extended in Malaysia

Jan 03, 2020

Oil and gas services firm Sapura Energy said it has been awarded a contract extension by Sarawak Shell Berhad / Sabah Shell Petroleum Company Limited, for the provision of a semi-submersible tender assist drilling rig, Sapura Esperanza.The contract…

Shelf Drilling Buys Jack-up Rig Maersk Completer

Dec 18, 2019

Maersk Drilling said it has agreed to sell the jack-up rig Maersk Completer to a subsidiary of Shelf Drilling for $38 million in cash as the Danish-based offshore drilling contractor seeks to concentrate its efforts on harsh environment activities in the North Sea…

Yothaka East-2 Sidetrack Disappoints

Dec 13, 2019

Tap Oil on Friday shared an update on the Yothaka East-2 appraisal well drilled in the G1/48 concession Manora Production License, operated by Mubadala Petroleum, in the Northern Gulf of Thailand.Operations on the sidetrack of the Yothaka East…

Weatherford Wins Russia Contracts

Oct 31, 2019

Oilfield services firm Weatherford announced it has signed two contracts totaling $67.4 million for drilling services with two major operators in Russia.The first contract spans two-and-a-half years. Operations began in July 2019 and will last through the end of 2022…

Conrad Reports Well Issues in Indonesia

Oct 25, 2019

Conrad Petroleum said it encountered problems while conducting testing at its Tambak 2 appraisal well on the Mako gas field offshore Indonesia.Conrad, operator of Duyung PSC, said it had successfully drilled the Tambak-2 well on October 15. Later…

CNOOC Q3 Capital Spending Surges

Oct 24, 2019

CNOOC Ltd, the listed arm of China's largest offshore oil and gas producer, on Thursday reported a 27.9% jump in capital spending in the third quarter amid Beijing's push to boost oil and gas exploration and production.Capital expenditure at CNOOC reached 19…

Maersk Drilling Scores POSCO Contract

Oct 18, 2019

Maersk Drilling said it has secured a contract Korean operator POSCO International Corporation to operated the drillship Maersk Viking for a three-well campaign offshore MyanmarThe contract is expected to commence in the end of 2019, with an estimated duration of 154 days…

Interra Resources Spuds First Well in Kuala Pambuang Block

Oct 07, 2019

Southeast Asian independent oil and gas exploration and production player Interra Resources said has started drilling its first onshore well in the onshore/offshore Kuala Pambuang block, in southern Central Kalimantan, Indonesia, where seismic…

Rosneft Makes Discovery Offshore Sakhalin

Oct 02, 2019

Russian integrated energy company Rosneft said it has completed drilling the first prospecting and appraisal well at the Vostochno-Pribrezhny license block on the shelf of Sakhalin Island, offshore Russia.The well was drilled on-schedule by…

PTTEP, Halliburton Ink Automation Deal

Oct 01, 2019

PTTEP, a national petroleum exploration and production company in Thailand, selected Halliburton Landmark for joint development of new well design workflow to automate drilling and completion engineering processes across the well lifecycle, the US-based oilfield services company announced…

Timor Resource to Drill 5 Wells in Timor-Leste

Sep 18, 2019

Australian privately-owned oil and gas company Timor Resources said it has commissioned Eastern Drilling to commence drilling operations in the Southeast Asian country of Timor-Leste.One of the world’s last frontiers for oil and gas, Timor-Leste's…

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GC Rieber Crew Boats Stay in Russian Far East

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Yinson: 8th Extension for Lam Son FPSO

Yinson: 8th Extension for Lam Son FPSO

Pacific Drilling Must Pay $320M for Rig Order Cancellation

Pacific Drilling Must Pay $320M for Rig Order Cancellation

Oil Slips on Doubts About U.S.-China Deal, OPEC Outlook

Oil Slips on Doubts About U.S.-China Deal, OPEC Outlook

Keppel working on 3D-Printed Offshore Grade Steel

Keppel working on 3D-Printed Offshore Grade Steel

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