Drilling / Rig News

Results 50 articles shown

Valaris and Aramco Order Newbuild Jackups
Tuesday, January 21, 2020 A Valaris-Saudi Aramco joint venture has ordered two newbuild jackup rigs from International Maritime Industries.

Evolution Well Services Inks 2-Year Electric Frac Deal
Monday, January 20, 2020 Evolution Well Services has landed a 24-month deal providing electric fracking services to an unnamed onshore oil and gas producer beginning this quarter.

US Adds 15 Oil, Gas Rigs
Friday, January 17, 2020 The U.S. rig count increased for the first time this year as the nation added 14 oil rigs and one gas rig.

Angola's Oil Drilling Ramps Up
Friday, January 17, 2020 Angola's ailing oil industry got a shot in the arm this week, with Eni SpA and Total SA both showing their commitment to the OPEC producer.

First Shafag-Asiman Expl. Well Spudded Offshore AZ
Friday, January 17, 2020 BP announced this week that the first exploration well was spudded on the Shafag-Asiman offshore block in the Azerbaijan sector of the Caspian Sea.

Keppel Makes First Rig Delivery of 2020
Wednesday, January 15, 2020 Keppel Offshore & Marine has made its first rig delivery of the year on time and within budget. (PHOTO Source: Keppel O&M)

Total to Drill World's Deepest Offshore Well in Angola
Wednesday, January 15, 2020 Total SA will drill the world's deepest offshore well in Angola, in waters more than 2 miles deep, as the African country works to reverse years of declining output.

CNOOC Budgets Capex of Up To $13.7B in 2020
Tuesday, January 14, 2020 CNOOC Limited's total capital expenditure for 2020 is budgeted at $12.31 billion to $13.76 billion, the company has revealed.

US Rig Count Continues its Decline
Friday, January 10, 2020 The U.S. dropped a total of 15 oil and gas rigs this week, according to data from Baker Hughes Company.

Transocean Contract Backlog Grows by $353MM
Wednesday, January 08, 2020 New contracts make up two-thirds of additional backlog since October.

This Isn't Your Father's Oil and Gas Rig Count
Tuesday, January 07, 2020 The industry's advance beyond the rig count indicating production growth has complicated things for forecasters.

Iran-Driven Oil Rally Boon to Struggling US Producers
Friday, January 03, 2020 The U.S. airstrike that killed a powerful Iranian general and heightened tensions in the oil-rich region could boost the fortunes of troubled North American energy companies.

US Rig Count Drops by Nine
Friday, January 03, 2020 The U.S. closed out the first week of the new year dropping a total of nine rigs.

Repsol to Abandon Offshore Guyana Well
Thursday, January 02, 2020 Tullow exec says oil discovery has positive implications for Kanuku and Orinduik blocks, though.

$200MM Payment Ends Valaris Dispute with Samsung Heavy
Tuesday, December 31, 2019 Valaris states the payment concludes a drillship dispute tied to a 2007 Pride International contract with SHI.

US Drops Eight Oil Rigs
Friday, December 27, 2019 The U.S. dropped eight oil rigs this week while the number of gas rigs remained flat.

Saipem Bags Drilling Deals Worth $1.7B
Friday, December 27, 2019 Saipem's onshore and offshore drilling divisions have been awarded new contracts, and extensions to existing contracts, worth approximately $1.7 billion.

Permian Gas Problem Getting Worse
Tuesday, December 24, 2019 America's top shale field is becoming increasingly gassy as drilling slows down.

US Bucks Trend, Adds 18 Oil Rigs
Friday, December 20, 2019 The U.S. has reversed the trend of rig loss to add a net total of 14 rigs this week.

Eni Returns to Albania
Friday, December 20, 2019 Eni CEO Claudio Descalzi and Albania Minister of Infrastructure and Energy Belinda Balluku sign the Dumre Block production sharing contract as Albanian Prime Minister Edi Rama (standing, right) and an unidentified individual watch. PHOTO SOURCE: Eni

Offshore Canada Drilling Clears Hurdle
Wednesday, December 18, 2019 CNOOC International's proposed Flemish Pass Exploration Drilling Project offshore Newfoundland and Labrador can proceed.

Total Eyes Angola Production Hub
Monday, December 16, 2019 Total reported Monday that it plans to acquired interests in two offshore Angola licenses and aspires to develop a new production hub in the country's Kwanza Basin.

Touchstone Makes Oil Discovery Onshore Trinidad
Monday, December 16, 2019 Calgary-based Touchstone Exploration Inc. has made what it's calling a "significant" onshore oil discovery in the Republic of Trinidad and Tobago.

BP Bullish on West Africa Gas Potential
Monday, December 16, 2019 BP reported that its recent three-well drilling campaign offshore Mauritania and Senegal has further confirmed the world-class scale of the region's natural gas resource potential.

US Adds Four Oil Rigs
Friday, December 13, 2019 The U.S. adds four oil rigs and drops four gas rigs to flatten the rig count for the week.

Transocean Rig to Mobilize in Caribbean
Friday, December 13, 2019 Transocean has won a one-year contract offshore Trinidad and Tobago for its Development Driller III semisub.

Baker Hughes Awards Kuwait Drilling Contracts
Monday, December 09, 2019 Baker Hughes has awarded ADES International Holding a pair of deep drilling contracts.

US Drops Five Oil Rigs
Friday, December 06, 2019 The U.S. idled five oil rigs and added two gas rigs for a net loss of three rigs this week.

Apache Tumbles on 'Incredibly Thin' Suriname Well Results
Monday, December 02, 2019 Apache Corp. plunges after the company's update on a closely watched exploratory oil well off the coast of Suriname offered little indication as to whether it will be commercially viable.

UK North Sea Contract Extension Goes to KCA Deutag
Monday, December 02, 2019 CNR International Ltd. has awarded KCA Deutag a five-year contract extension for three platforms operating in the U.K. North Sea, KCA Deutag reported Monday.

Heimdal Injuries Not Life-Threatening
Monday, December 02, 2019 Equinor has revealed that its two workers injured on the Heimdal platform recently are not in a life-threatening condition.

Babcock Gets North Sea Aviation Support Contract
Friday, November 29, 2019 Babcock has secured a new three-year contract to provide Serica Energy with offshore helicopter crew transport services.

Equinor Workers Injured in Explosion at Heimdal
Friday, November 29, 2019 Equinor revealed Friday that two of its employees were injured in a 'serious' work-related incident on board the Heimdal platform in the North Sea on November 28.

US Rig Count Dips Slightly
Wednesday, November 27, 2019 The U.S. saw a net decrease of one rig this week.

Exxon Awards Valaris 21-well GOM Contract
Tuesday, November 26, 2019 Offshore drilling contractor Valaris plc reported late Monday that it has won a 21-well contract with ExxonMobil Corp.

Kosmos Completes US GOM Resolution Well
Tuesday, November 26, 2019 Kosmos Energy announced Tuesday that it has completed drilling the Resolution exploration well in the U.S. Gulf of Mexico.

Seadrill-Operated Rig Claims Low Emission Milestone
Monday, November 25, 2019 Pictured is North Drilling's Seadrill-operated West Mira semisub. PHOTO SOURCE: Wintershall Dea

US Drops Three Oil Rigs
Friday, November 22, 2019 U.S. drillers dropped three oil rigs this week, while the gas rig count remained flat, according to data from Baker Hughes Company.

California Bans High-Pressure Steam Oil Wells
Tuesday, November 19, 2019 California intensified its battle against fossil fuels by halting new permits for a key production technique following leaks at a Chevron Corp. facility in an area that has pumped crude for more than a century.

Salaries Growing Faster in Texas Than NY
Tuesday, November 19, 2019 The New York city area may boast the largest share of personal income in the U.S. but pay is growing the fastest in the much smaller oil-boom towns of Odessa and Midland.

US Drops Eleven Oil, Gas Rigs
Friday, November 15, 2019 The U.S. dropped 10 oil rigs and one gas rig for a net loss of 11 rigs this week, according to data from Baker Hughes Company.

ADNOC Drilling Announces Major Rig Fleet Expansion
Thursday, November 14, 2019 ADNOC Drilling announces a 'major' rig fleet expansion program 'to support ADNOC's upstream growth plans'.

Canadian Gas Drillers Hone In on Plan for FLNG Project
Wednesday, November 13, 2019 Rockies LNG Partners, a group of Canadian natural gas drillers seeking new markets for their production, is considering building an export project on barges floating off the coast of British Columbia.

Argentina's Shale Trove Risks Staying Buried
Monday, November 11, 2019 Drillers in Argentina are scared that interventionist economic policies will foil the world's next big shale hope.

Iran Finds New 53 Billion Barrel Field
Monday, November 11, 2019 Hassan Rouhani, the president of the Islamic Republic of Iran, revealed Sunday that Iran has discovered a new oil field with 53 billion barrels of reserves.

US Rig Count Continues its Decline
Friday, November 08, 2019 The nation dropped seven oil rigs while the number of gas rigs remained flat.

Helix to Deploy New Rig Offshore Nigeria
Friday, November 08, 2019 Pictured is Helix Energy Solutions' new Q7000 well intervention semi-submersible rig. PHOTO SOURCE: Sembcorp Marine

New North Sea Oil and Gas Discovery Made
Wednesday, November 06, 2019 Equinor has discovered oil and gas in exploration well Echino South.

England Gets Fracking Ban
Tuesday, November 05, 2019 The UK government revealed last weekend that fracking will not be allowed to proceed in England.

US Rig Count Drops by Eight
Friday, November 01, 2019 The nation dropped five oil rigs and three gas rigs for a net loss of eight rigs, according to weekly data from Baker Hughes Co.