Completions
News
January 06, 2015
HOUSTON (Bloomberg) -- U.S. oil drillers laid down the most rigs in the fourth quarter since 2009. And things are about to get much worse. The rig count fell by 93 in the three months through Dec. 26, and lost another 17 last week, Baker Hughes Inc. data show. About 200 more will be idled over the next quarter as U.S. oil explorers make good on their promises to curb spending, according to Moody’s Corp.
News
January 06, 2015
SYDNEY, Australia -- Otto Energy has announced that the JV has successfully completed a 430 km 2D seismic program over the Kilombero basin in central Tanzania. Otto Energy Tanzania Pty Ltd, a wholly owned subsidiary of Otto, has a 50% participating interest in the Kilosa Kilombero license.
News
January 06, 2015
HOUSTON -- McDermott International has been awarded a contract to install the offshore jacket, deck and piles for the Ayatsil-A drilling platform for PEMEX in the Bay of Campeche Ayatsil field. The value of the award is included in McDermott’s fourth quarter backlog.
News
January 05, 2015
BEIJING, China -- By the end of 2014, Changqing Oilfield produced 25.04 million tons of crude and 38.15 Bcm of natural gas, totaling 55.45 million tons of oil equivalent, a net increase of 3.5 million tons of oil equivalent over the last year.
News
January 05, 2015
SALISBURY, England -- Rockhopper Exploration, the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean region, has been awarded a 40% interest in offshore block 9 in Croatia in partnership with Eni (60% interest and operator).
News
January 02, 2015
OSLO, Norway -- DNO and Entreprise Tunisienne d'Activités Pétrolière, holder of the Sfax offshore exploration permit in the Republic of Tunisia, have completed drilling of the Jawhara-3 well on the permit.
News
December 30, 2014
NEY YORK (Bloomberg) -- U.S. oil drillers idled the most rigs since 2012 as prices slide below $55/bbl to the lowest level in five years and a fight for market share with OPEC intensifies.
News
December 30, 2014
STOCKHOLM, Sweden -- Lundin Petroleum, through its wholly owned subsidiary Lundin Norway, has completed the drilling of wildcat well 6405/12-1 on PL584 and came up dry.
News
December 30, 2014
LYSAKER, Norway -- Magseis has entered into a final contract with Chevron North Sea for seabed seismic acquisition in the UK sector of the North Sea using the company’s proprietary MASS system and the Artemis Athene.
News
December 30, 2014
HAMILTON, Bermuda -- Seadrill has exercised a purchase option for the West Polaris, a 6th generation ultra-depwater drillship, from Ship Finance International.
News
December 29, 2014
HOUSTON (Bloomberg) -- U.S. oil drillers, facing the lowest crude prices in five years and rising competition from suppliers abroad, reduced the number of rigs to an eight-month low.
News
December 29, 2014
MOSCOW (Bloomberg) -- Russia may consider a rebate program to help service providers replace aging oil and gas rigs as U.S. and European sanctions bar technology imports, according to two government officials. The Energy Ministry proposed the state offer subsidized loans and cash bonuses for rigs older than 25 years to companies buying domestically manufactured rigs, according to the people, who asked not to be identified because the recommendation isn’t public yet.
News
December 29, 2014
ALBERTA, Canada -- Wentworth Resources has completed the drilling operations of the Tembo-1 well in the Rovuma onshore block, Mozambique and a natural gas discovery has been made in Cretaceous aged sands.
News
December 29, 2014
BROWNSVILLE, Texas -- Keppel AmFELS, a wholly-owned subsidiary of Keppel Offshore & Marine, has won a contract valued at over $100 million to build one of the world's largest land drilling rigs for a major operator.
News
December 26, 2014
ST PETER PORT, Guernsey -- Chariot Oil & Gas has reported that the farm-out signed between its wholly owned subsidiary, Chariot Oil & Gas Investments (Morocco) and a wholly owned subsidiary of Woodside, has been approved for the Rabat Deep Offshore permits I-VI by the Moroccan authorities.
News
December 24, 2014
HOUSTON (Bloomberg) -- Offshore oil-drilling contractors, who last year were able to charge record rates for their vessels, are now under pressure to scrap old rigs at an unprecedented pace.
News
December 23, 2014
Houston -- BPZ Energy has initiated production from the Corvina CX15-14D development well located in Peru.
News
December 23, 2014
STOCKHOLM, Sweden -- Lundin Petroleum, through its wholly owned subsidiary Lundin Norway, has completed the drilling of wildcat well 33/2-1 on PL555.
News
December 22, 2014
STAVANGER, Norway -- Statoil has received consent from the Petroleum Safety Authority (PSA) to use Scarabeo 5 drilling facility for plugging and production drilling of wells in the Norwegian Sea.
News
December 22, 2014
STAVANGER, Norway -- Lundin Petroleum has received consent from Petroleum Safety Authority (PSA) to carry out exploration drilling of appraisal well 16/4-9 S in a prospect named Luno II, in the central North Sea, to investigate the discovery's potential.
News
December 22, 2014
LIMERICK, Ireland -- Circle Oil has made a significant gas discovery following the preliminary results of drilling of the well KSR-12 in the Sebou Permit, onshore Morocco.
