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McDermott and BHGE Join Australia Gas Project
Wednesday, December 12, 2018 McDermott and BHGE have struck a deal with Western Gas to be the exclusive development partners for the Equus Gas Project.
Eni Makes New Oil Discovery
Monday, December 10, 2018 Eni announces a new oil discovery in the Afoxe exploration prospect, located in Block 15/06 offshore Angola.
US Oil Rig Count Drops by 10
Friday, December 07, 2018 US drillers cut 10 rigs this week.
Transocean Acquires Ocean Rig
Wednesday, December 05, 2018 Transocean reports that it has completed its acquisition of Ocean Rig UDW Inc.
Workers Return to North Sea Platform After Downman
Tuesday, December 04, 2018 All personnel have been safely returned to the North Sea Brent Charlie platform following a downman on November 27.
Offshore Mexico Appraisal Well Spuds
Tuesday, December 04, 2018 The Zama discovery appraisal program will include three penetrations: two wells and one sidetrack.
Offshore Guyana Estimate Gets Another Upgrade
Monday, December 03, 2018 ExxonMobil reports that it made its 10th discovery offshore Guyana.
ADES Buys 11 Drilling Rigs from Weatherford
Monday, December 03, 2018 In the second of a series of closings under one transaction, ADES acquires 11 drilling rigs from Weatherford International.
GOM Crustacean-themed Well Spuds
Friday, November 30, 2018 EnVen Energy Corp. has spud its King Crab well on Ewing Bank Block 873 in its Lobster Field.
US Adds Two Oil Rigs This Week
Friday, November 30, 2018 Despite crude oil prices falling below $50 this week, the US oil rig count increased.
UK Expected to Spend $19.5B on Decom in Next Decade
Thursday, November 29, 2018 The UK is expected to spend $19.5 billion on decommissioning over the next decade, according to a new report from industry body Oil & Gas UK.
Oil Exploration Activity Will Pick Up in 2019
Wednesday, November 28, 2018 There will be a pick up in oil exploration activity next year, according to a new report.
US Adds Oil Rigs for Fifth Out of Sixth Weeks
Friday, November 16, 2018 This week's rig count marks the fifth out of six weeks that the nation has added oil rigs.
Big Oil Reuses Platforms in Latest Cost-Cutting Trick
Thursday, November 15, 2018 Oil companies have pushed through draconian cost cuts during the recent industry slump, but they're not quite done yet.
How Will Oil's Freefall End?
Wednesday, November 14, 2018 Oil's record losing streak has plunged prices into a bear market and is reverberating around the globe.
Less Appetite for Exploration Drilling
Monday, November 12, 2018 There's less appetite for exploration drilling, according to Rystad Energy.
Maersk Drilling to Sell Jackup
Monday, November 12, 2018 The company has entered into an agreement to sell the Maersk Giant to an Australian-based company.
US Adds 12 Oil Rigs This Week
Friday, November 09, 2018 The United States has added rigs four out of the last five weeks.
Thousands of UKCS Workers Edge Closer to Strike
Monday, November 05, 2018 The 'vast majority' of UK union Unite's 2,500 members covered by the Offshore Contractors Association agreement have voted for industrial action.
Shell Seeks Land Rig for Caribbean Campaign
Monday, November 05, 2018 Shell is requesting expressions of interest to provide a rig to drill two land wells in Trinidad planned for November 2019.
Halliburton Expects Permian Bottlenecks Gone By End of 2019
Monday, November 05, 2018 Halliburton expects bottlenecks in America's busiest oil field to be relieved by the end of next year.
US Drops Oil Rigs for First Time in Four Weeks
Friday, November 02, 2018 According to rig count data compiled by Baker Hughes, a GE Company, drillers cut one rig this week.
UK Must Increase Cost Effective Drilling Activity
Tuesday, October 30, 2018 The UK offshore oil and gas industry needs to make a concerted effort to increase cost effective drilling activity, according to the OGA.
GOM Drillship Contract Goes to Rowan
Tuesday, October 30, 2018 Fieldwood Energy LLC has awarded a GOM contract to Rowan for the R-Class ultra-deepwater drillship Rowan Reliance.
Important Oil Discovery in Barents Sea
Monday, October 29, 2018 A new oil discovery has been made though the Barents Sea Skruis exploration well, which is located in the Johan Castberg license.
Trump Admin Approves First Oil Production Facility in Federal Arctic Waters
Thursday, October 25, 2018 The Trump administration has authorized Hilcorp's plan to build an artificial gravel island in the Beaufort Sea north of Alaska and use it to extract crude.
Nostra Terra Acquires 8 Potential Permian Wells
Tuesday, October 23, 2018 Nostra Terra Oil and Gas has acquired the Mesquite Prospect in the Permian Basin, giving them potential to drill eight horizontal wells.
White House Backed Big Oil Over EPA on Finding Methane Leaks
Friday, October 19, 2018 White House officials pushed the EPA to maximize savings for the oil industry despite the agency's concern.
US Rig Count Reaches Highest Level in Two-and-a-Half Years
Friday, October 19, 2018 The US adds four rigs this week, making this week's count the highest since March 2015.
Dramatic Decom Cost Cuts Needed
Wednesday, October 17, 2018 Oil and gas operators worldwide need to dramatically slash the costs of decommissioning wells and installations, according to a new report from the Boston Consulting Group.
Oil Drillers' Rocky Mountain High Threatened by Colorado Vote
Wednesday, October 17, 2018 Politically, BP is trying to straddle both sides.
Cuadrilla Starts UK Fracking
Tuesday, October 16, 2018 Cuadrilla starts hydraulic fracturing operations at its UK Preston New Road shale gas exploration site.
3Q Energy Activity Accelerates and Growth Strong, Survey Finds
Monday, October 15, 2018 Respondents to the Kansas City Fed's quarterly energy survey express an increase in drilling and business activity.
11 Tcf Discovery Made in Russia
Thursday, October 11, 2018 PJSC Novatek announces the discovery of a new gas field in the Ob Bay area.
Wildcatters Still a Gamble for Investors Despite Oil's Rise
Thursday, October 11, 2018 Even with talk that prices of $100 a barrel could again be in sight, investors are wary before taking the gamble.
BHGE to Acquire $550MM Stake in ADNOC Drilling
Monday, October 08, 2018 BHGE and ADNOC sign a strategic partnership agreement that will see BHGE acquire a 5% stake in ADNOC's subsidiary, ADNOC Drilling, for $550 million.
Analysts Bearish on UK Shale Prospects
Monday, October 08, 2018 Analysts at Fitch Solutions Macro Research remain 'widely bearish' on the prospects of UK shale gas.
Ensco and Rowan to Merge in $12B Deal
Monday, October 08, 2018 The companies have entered into a definitive transaction agreement to create an offshore drilling powerhouse.
Precision Drilling to Pay $1B for Trinidad Drilling
Monday, October 08, 2018 The acquisition will create the third largest drilling contractor in the US.
Cuadrilla to Start Fracking in Lancashire
Friday, October 05, 2018 Cuadrilla expects to start hydraulically fracturing the shale rock around the first of its two horizontal shale gas exploration wells at its UK Preston New Road site in the next week.
Oil Surges to Highest Since 2014 as Global Supply Concerns Mount
Monday, October 01, 2018 Oil jumped to the highest level in nearly four years as a slowdown in American drilling added to concern over supply losses from Iran and Venezuela.
Apache Ditches 3-3 Rota in North Sea
Friday, September 28, 2018 Apache North Sea confirms that the offshore work rota for all Apache staff onboard company operated assets in the North Sea will change from a 3-3 system to a 2-3 system.
Drillship to Spud Offshore Namibia Well
Friday, September 28, 2018 The Ocean Rig Poseidon has been mobilized to drill the Prospect S Well in Petroleum Exploration License (PEL) 71 offshore Namibia.
Offshore Brazil Contract Extension Goes to Transocean
Friday, September 28, 2018 Transocean has won a 790-day contract extension from Petrobras.
Strike Action Cancelled by UK Union
Thursday, September 27, 2018 UK union Unite cancels all future strike action on the Alwyn, Dunbar and Elgin rigs in the North Sea.
Glendronach Discovery Big News for UK
Tuesday, September 25, 2018 The Glendronach discovery is big news for the UK as a whole, according to Wood Mackenzie.
Frac Sand Market Faces Supply Chain Disruption
Tuesday, September 25, 2018 The US frac sand market could approach $6 billion by 2023. SOURCE: Black Mountain Sand
W&T Offshore to Divest Select Permian Interests
Tuesday, September 25, 2018 W&T Offshore shares an update on its JV drilling program and plans to sell Permian interests for $56.8 million.
Major Gas Find Offshore UK for Total
Monday, September 24, 2018 Total has made a 'major' gas discovery on the Glendronach prospect offshore UK in the West of Shetland region.
Strike Action Ballot Confirmed by UK Union
Monday, September 24, 2018 UK union Unite confirms that its members covered by the Offshore Contractors Association agreement are to be balloted on industrial action.