Completions
News
November 21, 2014
STAVANGER, Norway -- Statoil has decided to cancel its Stena Carron rig contract after fulfilling its work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin, offshore Angola. The rig contract will cease with effect from Nov. 21, 2014.
News
November 21, 2014
LONDON -- Ophir Energy has completed the drilling of Tende-1 and Mkuki-1 well off Tanzania and encountered no hydrocarbons.
News
November 20, 2014
THE HAGUE, The Netherlands -- Mazarine Energy Tunisia, a subsidiary of Mazarine Energy has signed a drilling contract with Compagnie Tunisienne de Forage (CTF) for the use of the CTF-4, a 2,000 horsepower onshore drilling rig, for a two-well drilling campaign in the Zaafrane permit in central Tunisia.
News
November 20, 2014
LAFAYETTE, Louisiana — Newpark Mats and Integrated Services (NMIS) has unveiled the Dura-Base Defender liner-less spill containment system, which provides drilling and completion crews with a faster and more efficient way of achieving total site containment of spills, adhering to environmental requirements while reducing overall cost of operations.
News
November 20, 2014
HOUSTON -- Apache Corp. is to sell over 200,000 net acres in southern Louisiana and the Anadarko basin in two separate transactions, the company has announced. According to G. Steven Farris, Apache’s chairman, president and CEO, proceeds from the $1.4 billion sale of the non-core assets will, primarily, be used to fund leasehold acquisitions that the company made this year.
News
November 20, 2014
STAVANGER, Norway (Bloomberg) -- Sanctions are forcing Exxon Mobil Corp. to look for alternative assignments for an offshore rig supposed to sail back to the Russian Arctic next summer. West Alpha, the rig owned by billionaire John Fredriksen’s North Atlantic Drilling Ltd. that made a billion-barrel oil discovery for Exxon and OAO Rosneft in the Kara Sea in September, could end up operating offshore Norway instead of going back to Russia in 2015, said Dominic Genetti, operations manager for Exxon in Norway.
News
November 20, 2014
CALGARY, Alberta (Bloomberg) -- Facing a 30% slide in the price of crude in the past five months, Encana Corp. CEO Doug Suttles still has his foot on the accelerator. The gas giant capped a year of asset sales and purchases worth more than $14 billion to focus more on crude, just as oil fell into a slump. Suttles remains confident in the shift and plans to expand drilling to capitalize on properties that promise higher returns, even after crude prices declined from a high in June of about $107/bbl to around $75.
News
November 20, 2014
DORKING, United Kingdom -- Oyster Petroleum has entered into a farm-in agreement whereby, in exchange for covering certain well costs on drilling.
News
November 20, 2014
HONG KONG -- CNOOC has made a mid-sized new discovery of Lufeng14-4 well in the Eastern South China Sea.
News
November 19, 2014
EDINBURGH, United Kingdom -- Cairn Energy and its JV partners have completed drilling operations on the SNE-1 well in Senegal and plans are now underway to appraise the discovery next year.
News
November 18, 2014
SPRINGFIELD, Ohio – Ten of Moyno’s 2000 Series pumps have been ordered for a new fleet of offshore supply vessels that will be used to service drilling rigs worldwide.
News
November 18, 2014
HOUSTON -- Edward S. Jacob, III was elected chairman of the International Association of Drilling Contractors (IADC) at the organization's annual general meeting in New Orleans on Nov. 14. In addition, in recognition of his career and significant industry contributions, Jacob was also recognized with the 2014 Contractor of the Year Award.
News
November 18, 2014
STOCKHOLM, Sweden -- Lundin Petroleum has completed the drilling of Kitabu-1 well located in blocks SB307/SB308, offshore Sabah, Malaysia and found it to be a dry hole.
News
November 18, 2014
ADELAIDE, Australia -- Rampart Energy has secured the rights to an 80% working interest, as operator, in the newly released exploration permit WA-507-P, located within the prolific Northern Carnarvon basin, off the Northwest Shelf of Australia.
News
November 17, 2014
LAGOS, Nigeria -- After nearly four years of planning and investing more than $4.5 million in facilities, recruitment and training, GE Oil & Gas has added the capability to fabricate subsea wellheads in Nigeria for its oil and gas customers.
News
November 14, 2014
THE NETHERLANDS -- Acquit Business Development (ABD) with Well Engineering Partners (WEP) have developed a High Strength Composite Casing (HSCC) system. The 7”HSCC has been successfully installed covering the oil reservoir from 917 to 5015 in a 5123 m well, which immediately resulted in the world record of deepest HSCC application.
News
November 14, 2014
MIDDLESEX, United Kindgom -- Ikon Science's RokDoc has launched its latest module RokDoc GeoMechanics, which will help oil companies interested in choosing smart well locations and reducing the possibility of borehole failure.
News
November 13, 2014
CALGARY, Alberta -- Serinus Energy has announced that the Moftinu-1001 exploration well, located in the Satu Mare Concession, in northwest Romania has commenced drilling.
News
November 12, 2014
TORSHAVN, Faroe Islands -- P/F Atlantic Petroleum has announced that the drill stem test (DST) at 43/13b-7 Pegasus West gas discovery, operated by Centrica Energy, flowed at a combined rate of circa 91 MMscfd from three Carboniferous intervals.
News
November 12, 2014
COPENHAGEN, Denmark (Bloomberg) -- Nils Smedegaard Andersen, the CEO of A.P. Moeller-Maersk A/S, says today’s oil price isn’t a problem for companies with the scope to continue cutting costs. “It’s more difficult to make money on oil if the price is $80/bbl than when it was $120/bbl,” he said Nov. 11 in a phone interview. “But historically $80 is a great price so it’s a matter of costs having to come down.”
