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Oil & Gas Drilling News - page 42

 

Eni Makes New Oil Find Offshore Angola

Dec 10, 2018

Italy's Eni said it ha struck a new oil discovery in the Afoxé exploration prospect located in Block 15/06, offshore Angola.The discovery, estimated to contain between 170 and 200 million barrels of light oil in place, was made in the Afoxé-1 NFW well located in the southeast area of Block 15/06…

Hess, Conoco Raise 2019 Production Outlook

Dec 10, 2018

Oil and gas producer Hess Corp and Conocophillips both expect production for 2019 to be higher than this year even as they spend roughly the same amount of money on exploration, the companies said on Monday.Investors have been urging U.S. oil…

Malaysia Agrees to Extend Oil Output Cut

Dec 10, 2018

Malaysia will extend its oil production cuts by another six months after the agreement between OPEC and other oil producers to reduce global supply ends this year.OPEC and non-OPEC producers agreed at a meeting in Vienna on Friday to a new level of production cuts from January to June 2019…

Sound Energy Starts Drilling Well in Eastern Morocco

Dec 09, 2018

Moroccan focused upstream gas company Sound Energy confirmed that the drilling at TE-10, the second well of a planned three exploration well campaign in Eastern Morocco, has commenced.The TE-10 well will test the North East Lakbir prospect in…

Chevron Will Boost Capital Spending in 2019

Dec 07, 2018

Chevron Corp plans to spend $20 billion next year on oil and natural gas projects, the second-largest U.S. oil producer said on Thursday in a statement, its first increase in four years.Its 2019 capital spending budget is at the high end of…

Precision Drilling Demands Breaks Away Fee for Trinidad Drilling

Nov 28, 2018

The largest driller in Canada Precision Drilling Corp said it is entitled to a $20-million break fee after Ensign Energy Services Inc. announced that it will take control of Trinidad Drilling Ltd. by acquiring a majority of Trinidad’s shares…

Simmons Edeco Wins Tonalli Energía Contract

Nov 28, 2018

The supplier of onshore drilling and workovers, wellhead maintenance services Simmons Edeco  has been awarded a contract by Tonalli Energia SAPI de CV to provide drilling services in Mexico.Tonalli Energía, SAPI de CV, founded in 2015, is a joint venture between Grupo Idesa Group and Petrofrontera…

Ecopetrol Sets 2019 Investment at $3.5 billion

Nov 27, 2018

Colombian state-run oil company Ecopetrol said on Tuesday it will invest between $3.5 billion and $4 billion in 2019, slightly above this year as it bolsters spending on exploration and production projects.The investment is the backbone of an…

Iraq Approves Drilling Deal for West Qurna 2

Nov 27, 2018

Iraq has approved a $165.74 million drilling deal with China's Bohai Drilling Engineering Co. for the West Qurna Two oilfield, two Iraqi oil officials said on Tuesday.Under the 24-month contract, Bohai would drill 28 production oil wells at West Qurna Two…

Canadian Drillers Expect Flat Year

Nov 26, 2018

The Canadian Association of Oilwell Drilling Contractors (CAODC) said that the Canadian oil and gas industry is simply too dysfunctional to anticipate any kind of quick recovery.As a result, Canadian service companies are exploring any and all options to generate positive cash flows…

Eni Norge Granted Drilling Permit

Nov 22, 2018

The Norwegian Petroleum Directorate (NPD) has granted Eni Norge AS a drilling permit for well 7122/7-7 S, cf. Section 15 of the Resource Management Regulations.The well  will be drilled from the West Hercules drilling facility after concluding the drilling of wildcat well for Equinor Energy AS…

Lundin to Drill Barents Sea Well

Nov 22, 2018

Europe's independent oil and gas exploration and production company Lundin Norway will drill and test a new exploration well in the Barents Sea, following approval by the Norwegian Petroleum Safety Authority (PSA).'Lundin is the operator for production licence 767…

Faroe Petroleum Spuds Well off Norway Coast

Nov 21, 2018

Aberdeen-headquartered Faroe Petroleum has started drilling the Brasse East exploration well off the coast of Norway.The oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK announced…

McDermott Bags Petrobras Contract

Nov 20, 2018

McDermott International announced a large contract award by Petrobras for a natural gas pipeline project in support of the client’s Santos basin pre-salt field program.The contract covers the implementation of the ultra-shallow segment of the new Rota 3 gas export pipeline…

Equinor Plans More International Wells

Nov 20, 2018

Norwegian oil and gas firm Equinor plans to drill more exploration wells internationally and more onshore wells in 2019 compared to this year, the company's head of exploration said on Tuesday.'In general, there will be more international activity…

Current News

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East Timor Eyes Chinese Partners for Stalled Greater Sunrise Gas Development

CNOOC Kicks Off Production from Bohai Bay Field

CNOOC Kicks Off Production from Bohai Bay Field

Eni Strengthens LNG Ties with Japan

Eni Strengthens LNG Ties with Japan

Velesto Teams Up with SLB to Enhance Drilling Rig Capabilities

Velesto Teams Up with SLB to Enhance Drilling Rig Capabilities

MCDermott Gets Pipelines and Cables Job at Qatar's Giant Gas Field

MCDermott Gets Pipelines and Cables Job at Qatar's Giant Gas Field

Nong Yao C Development Bolsters Valeura’s Production Rates Off Thailand

Nong Yao C Development Bolsters Valeura’s Production Rates Off Thailand

ABS Gives Its Blessing to SHI’s Ammonia FPSO Design

ABS Gives Its Blessing to SHI’s Ammonia FPSO Design

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