Completions
News
January 08, 2015
DENVER, Colorado (Bloomberg) -- U.S. states are renewing efforts to pass taxes on oil and gas extraction and, while falling energy prices may please consumers, drillers say it’s just the wrong time to raise their costs. At least 17 states last year considered imposing or amending so-called severance taxes, which generated more than $16 billion in 2013 in the U.S. Many are expected to introduce similar bills this year, according to the National Conference of State Legislatures in Denver.
News
January 07, 2015
HOUSTON -- AccessESP has installed the first rigless ESP conveyance system in Nigeria in the Ukpokiti #4 offshore well for Shebah Exploration and Production Company Limited (SEPCOL).
News
January 07, 2015
LONDON -- Wood Group Intetech (WG Intetech) has successfully completed a six-month project for MOL Group, headquartered in Budapest, Hungary. The project saw WG Intetech develop a detailed design for an acid gas reinjection well on MOL Group’s Akri-Bijeel field in Iraq. The scope of the agreement included well design and comprehensive materials selection for all well components.
News
January 06, 2015
HOUSTON (Bloomberg) -- Transocean Ltd., the worst performer in the Standard & Poor’s 500 Index last year, may see its $9.1 billion debt lowered to junk status as the owner of the world’s largest fleet of offshore rigs contends with a “prolonged” downturn in the industry, Moody’s Investors Service said.
News
January 06, 2015
GAUTENG, South Africa -- SacOil Holdings, through its subsidiary Mena International Petroleum (Mena) has announced the commencement of field development operations at its 100% owned Lagia oil field in Sinai, onshore Egypt.
News
January 06, 2015
SAN RAMON, California -- Chevron has announced a significant oil discovery at the Anchor prospect in the deepwater U.S. Gulf of Mexico. Anchor is Chevron's second discovery in the deepwater Gulf in less than a year.
News
January 06, 2015
OSLO, Norway -- AGR has been awarded a well management services contract with Edison Norge. AGR will support Edison across its operating licenses, including its first exploration well on the Norwegian Continental Shelf (NCS). AGR will deliver services relating to well construction, operational support, project management and rig intake services on the Edison-operated PL616, Haribo exploration well.
News
January 06, 2015
MIDLAND, Texas -- Concho Resources has announced an updated 2015 capital program of $2.0 billion, as a result of the sharp decline in commodity prices. With this level of activity, the company expects to generate 16% to 20% year-over-year production growth in 2015.
News
January 06, 2015
RIO DE JANEIRO -- Petrobras has completed drilling extension well 3-ESS-219D, informally known as Pudim, at a water depth of 1,886 m, in the Espírito Santo basin post-salt. The completion of this well, which had been announced to the market on Oct. 7, confirmed the presence of excellent quality oil through log data analysis, fluid samples and a cable test conducted in reservoirs located at a depth of some 4,300 m. Drilling ended at a depth of 4,670 m.
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.
