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Report Pegs Delaware Basin Drilling Cost at $33
Thursday, December 03, 2020The oil price needed to profitably drill a shale well has fallen by almost a fifth since last year, but that may not be enough to revive production, according to a new report.
Well Intervention Firm Expands into Saudi Market
Wednesday, December 02, 2020Wellpro Group reported Tuesday that it is expanding into the Saudi Arabian oil and gas market.
OGDCL Discovers Gas at Lakhirud X-1
Wednesday, December 02, 2020Oil and Gas Development Company Limited has discovered gas at exploration well Lakhirud X-1, which is located in the Musa Khel district in the Balochistan Province.
Seadrill Partners Files Chapter 11
Wednesday, December 02, 2020Seadrill Partners LLC announced Tuesday that it has filed voluntary petitions under chapter 11 of the Bankruptcy Code.
Seadrill Bags GOM Contracts and More
Saturday, November 28, 2020Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...
Baker Hughes Reports US Rig Rebound
Thursday, November 26, 2020The number of rotary drilling rigs operating in the United States rebounded this past week, according to Baker Hughes.
Texas Upstream Job Count Rises Again
Wednesday, November 25, 2020Texas' upstream oil and gas sector added jobs for the second month in a row in October, TXOGA reported Tuesday.
OGA Launches Centralized Decom Data Location
Wednesday, November 25, 2020The UK Oil and Gas Authority has launched one centralized location for well data related to decommissioning.
Total Awards Suriname Drilling Contract
Tuesday, November 24, 2020Maersk Drilling anticipates a firm total of $100 million from the two-rig contract. PHOTO SOURCE: Maersk Drilling
Odfjell Drilling Signs Equinor Contracts for At Least 27 Wells
Tuesday, November 24, 2020Odfjell Drilling has signed final rig contracts for a pair of previously announced Equinor drilling campaigns.
Seadrill Wins GOM Contracts
Monday, November 23, 2020Seadrill Ltd has added approximately $52 million of backlog following the end of the third quarter of 2020.
OGUK Explores Decom in a Low Carbon Future
Sunday, November 22, 2020Industry body Oil & Gas UK is exploring decommissioning in a low carbon future in its first virtual conference on November 24-25.
Baker Hughes Rig Counts Show US Decline
Saturday, November 21, 2020The overall US rotary rig count fell slightly this week.
Transocean Wins Petrobras Contract Extensions
Thursday, November 19, 2020Petrobras has extended contracts for a pair of Transocean ultra-deepwater drillships.
Maersk Drilling Secures Contract Extension
Tuesday, November 17, 2020Brunei Shell Petroleum has decided to extend its contract for the Maersk Viking drillship. PHOTO SOURCE: Maersk Drilling
Drilling Uptick Set to Continue
Monday, November 16, 2020Rigzone panelists offer their views on what to watch in the oil and gas markets this week.
Plexus Makes Cameron Deal
Sunday, November 15, 2020Plexus Holdings plc has entered into a license agreement with Cameron International Limited, a Schlumberger (NYSE: SLB) group company.
Baker Hughes Counts Show 15 More Rigs
Saturday, November 14, 2020The rotary rig counts for the US and Canada rose this past week.
Violently Positive Oil Prices and More
Saturday, November 14, 2020Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...
Norway Court Decision Could Nix 10 Arctic Licenses
Friday, November 13, 2020Climate activists are trying to drag western Europe's biggest oil producer out of the Arctic.
Permian Drilling Rights Price Falls Nearly 70%
Thursday, November 12, 2020The price to drill an acre of land in the biggest US shale basin has tumbled amid the oil rout, creating conditions ripe for more mergers and acquisitions.
Tullow Awards Contract for Offshore Suriname Well
Thursday, November 12, 2020Tullow Oil plc recently awarded Ramps Logistics a fully integrated contract for its upcoming drilling campaign in Block 47 offshore Suriname.
ConocoPhillips Hits Gas Pay in Norwegian Sea
Thursday, November 12, 2020ConocoPhillips has reported a new gas condensate discovery offshore Norway.
Brunei Shell Contract Goes to Maersk Drilling
Thursday, November 12, 2020Brunei Shell Petroleum has awarded Maersk Drilling a one-well exploration contract for the Maersk Viking, above. PHOTO SOURCE: Maersk Drilling
Noble Corporation in Temporary Name Change
Wednesday, November 11, 2020Noble Corporation plc (OTC-PINK: NEBLQ) has announced that it has changed its name to Noble Holding Corporation plc.
Baker Hughes US Rig Count Hits Milestone
Saturday, November 07, 2020The number of rotary drilling rigs operating in the United States hit the 300 mark this week, Baker Hughes reported Friday.
Schlumberger Sells Rod Lift Business and More
Saturday, November 07, 2020Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...
Greenland Opens Offshore Areas for Drilling
Thursday, November 05, 2020Greenland's government is opening up three new offshore areas for exploration.
Philippines Okays Drilling in South China Sea
Wednesday, November 04, 2020The Philippines said oil exploration in the disputed South China Sea can proceed without China.
Has the Texas Upstream Slump Bottomed Out?
Wednesday, November 04, 2020The TPI tracks metrics such as price, rig count, drilling permits, well completions and employment.
Dolphin Drilling Wins Combined NCS Contract
Tuesday, November 03, 2020The Borgland Dolphin will mobilize for the initial work program, slated to begin early next year. PHOTO SOURCE Dolphin Drilling
Trump Signs Fracking Memo
Monday, November 02, 2020President Donald Trump signed a symbolic memo in support of the fracking sector during a four-rally swing through Pennsylvania.
Baker Hughes Rig Count Shows 12 More Units
Saturday, October 31, 2020The total number of rotary drilling rigs operating in the US and Canada rose by 12 this week, Baker Hughes reported.
CVX in $735MM Shale Deal and More
Saturday, October 31, 2020Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...
85 Percent of US GOM Oil Output Offline
Friday, October 30, 2020The BSEE has estimated that, as of Thursday, approximately 84.8 percent of the current oil production in the U.S. Gulf of Mexico has been shut-in.
Borr Drilling Sells Rig to Unnamed Buyer
Thursday, October 29, 2020Borr Drilling Limited (NYSE: BORR, OSE: BDRILL) has entered into an agreement to sell its cold stacked jack-up drilling rig 'Atla' to an independent operator.
Petronas Investigating Vessel-Rig Collision
Thursday, October 29, 2020Petronas has announced that investigations are ongoing into the cause of the incident involving the MV Dayang Topaz vessel, which collided with platform structures at the Baram field on October 27.
Austin Chalk Player to Drill Another Well This Year
Wednesday, October 28, 2020This Sept. 12, 2020, photo shows the Chalk Talk ‘B’ #3H well in Gonzales, Texas. PHOTO SOURCE: Business Wire
Total Announces Significant Discovery
Wednesday, October 28, 2020Total (NYSE: TOT) announced Wednesday that it has made a significant gas and condensate discovery on the Luiperd prospect.
Lockdown Impact on Offshore UK Oil Workers
Wednesday, October 28, 2020The number of workers on oil and gas installations offshore UK decreased by around 4,000 as the UK went into lockdown in March this year.
Zeta Knocks Out 16 Percent of US GOM Oil Production
Tuesday, October 27, 2020Almost 16 percent of oil production and six percent of gas production in the U.S. Gulf of Mexico has been shut in as a result of Tropical Storm Zeta.
25 Percent of Floater Fleet Could be Scrapped
Tuesday, October 27, 2020One quarter of the global floater segment could be scrapped, according to Rystad Energy.
Ship Collides with Platform
Tuesday, October 27, 2020The Dayang Topaz ship has collided with the Baram B oil rig platform, the Malaysian Maritime Enforcement Agency has revealed in a series of social media updates.
Oil and Gas Digitalization Budgets Avoid Slashing
Monday, October 26, 2020The need to ensure worker safety while keeping sites running has fueled investments in digital technology this year, even as companies slash spending in other areas.
Baker Hughes Reports Six More US Oil Rigs
Saturday, October 24, 2020The number of rotary drilling rigs operating in the United States increased by five this past week, reported Baker Hughes.
Transocean Gets NYSE Notice and More
Saturday, October 24, 2020Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...
Biden Says Renewables Need to Replace Oil Industry
Friday, October 23, 2020Two Democrats in toss-up races distanced themselves from Biden's comments.
Total Awards Maersk Contract for Three Angola Wells
Thursday, October 22, 2020Total E&P Angola has awarded Maersk Drilling a three-well contract for the Maersk Voyager drillship. PHOTO SOURCE: Maersk Drilling
Stena to Drill Offshore Canada Well for CNOOC
Tuesday, October 20, 2020CNOOC International Petroleum North America ULC has contracted a Stena Drillling drillship for a one-well campaign offshore Atlantic Canada.
Transocean Receives NYSE Notice
Monday, October 19, 2020Transocean (NYSE: RIG) has received a formal notice from the New York Stock Exchange of non-compliance with NYSE continued listing standards.