Drilling / Rig News

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Drillers Give Tepid Response To Record US Offshore Lease Sale
Wednesday, March 21, 2018 Oil and gas drillers bid on only a tiny fraction of Gulf of Mexico acreage offered in the largest lease sale in American history.

Petro Matad Drills Into Mongolia - Last Frontier For Onshore Oil
Tuesday, March 20, 2018 Petro Matad plans to drill four wells this year in Mongolia, which it said is one of the last onshore frontiers for oil exploration.

Drillers Snap Up Federal Leases Near Utah's Wilderness Monuments
Tuesday, March 20, 2018 The US Bureau of Land Management auctions off more than 51,000 acres in southeastern Utah for oil and gas development.

Spirit Energy Given Consent to Use Drilling Facility for Production Wells
Friday, March 16, 2018 Petroleum Safety Authority Norway gives Spirit Energy consent to use the Maersk Interceptor drilling facility to drill production wells on the Oda field.

Xodus Delivers Tunisian Decommissioning Study
Thursday, March 15, 2018 Xodus Group delivers a decommissioning and abandonment study for wells, surface and subsea facilities in Tunisia.

Rabul 5 Well Hits Oil Onshore Egypt
Wednesday, March 14, 2018 SDX Energy Inc. makes an onshore oil discovery at its Rabul 5 well in Egypt's West Gharib Concession.

Rabat Deep 1 Well Spuds
Wednesday, March 14, 2018 The Saipem 1200 drillship commences the drilling of the Rabat Deep 1 well in Morocco.

Statoil to Construct New Operations Centers in 2018
Wednesday, March 07, 2018 Statoil will construct a new integrated operations support center and drilling operations center in Bergen, Norway, this year.

Petronas Subsidiary Makes Oil, Gas Discovery Offshore Gabon
Monday, March 05, 2018 Petronas' subsidiary, PC Gabon Upstream S.A., makes a new oil and gas discovery at the Boudji-1 exploration well in Block F14.

PSA Grants Lundin Consent for North Sea Exploration Well
Friday, March 02, 2018 Petroleum Safety Authority (PSA) Norway grants its consent for Lundin Norway AS to drill an exploration well in block 16/1 in the North Sea.

North Sea Platform Downmanned Following Water Supply Issue
Friday, March 02, 2018 The Beatrice Alpha platform in the North Sea has been downmanned following an issue with water supply on the asset.

Oil Explorers Lift Rig Count to 800 First Time Since 2015
Friday, March 02, 2018 US oil explorers raised the rig count to 800 for the first time in almost three years.

Statoil Contracts West Phoenix Rig for NCS, UKCS Drilling Campaign
Thursday, March 01, 2018 Statoil and its partners contract the West Phoenix rig to drill 4 exploration wells within the UK and Norwegian continental shelves from summer 2018.

Oil Prices Are Sensitive to Drilling Activity
Thursday, March 01, 2018 The Permian Basin is now the world's swing oil producer, with a lag.

NPD Awards Lundin Norway Drilling Permit for Well Offshore Norway
Wednesday, February 28, 2018 The Norwegian Petroleum Directorate grants Lundin Norway AS a drilling permit for well 7220/11-5 S, located in production license 609 offshore Norway.

ExxonMobil, Hess Strike Lucky No. 7 Offshore Guyana
Wednesday, February 28, 2018 Latest discovery to help propel offshore Guyana production past half a million barrels per day mark.

Westwood Global Energy Group Acquires RigLogix
Tuesday, February 27, 2018 Westwood Global Energy Group announces it has acquired RigLogix from DHI Group, Inc.

FAR Signs Farm-Out Agreement with Petronas in The Gambia
Monday, February 26, 2018 FAR Ltd signs a farm-out agreement with a subsidiary of Petronas for a 40% interest in each of The Gambia's blocks A2 and A5.

Baker Hughes: US Oil Rig Count Rises For Fifth Straight Week
Friday, February 23, 2018 US energy companies added one oil rig this week, the fifth weekly increase in a row, as oil prices hovered at two-week highs.

KSS-2 Well in Morocco Yields No Commercial Discoveries
Thursday, February 22, 2018 North Africa focused oil and gas company SDX Energy Inc says the KSS-2 well on the Sebou permit in Morocco has not made any commercial discoveries.

Digitization at Work: GE and Noble Launch Digital Rig
Thursday, February 22, 2018 GE and Noble launch the world's first digital drilling vessel, which will detect potential failures 2 months before they occur and reduce OPEX by as much as 20%.

Offshore Oil Recovery Beginning in World's Harshest Environments
Wednesday, February 21, 2018 The improved financial condition for explorers is now emboldening rig contractors to push for better pricing.

Maersk Energy Sees Uptick In Offshore Oil Drilling, Profit Still Squeezed
Tuesday, February 20, 2018 Prospects for the offshore oil drilling market are improving but profits for drillers are still under pressure and rates will not rise.

Chevron Restarts Drilling In Kurdistan Region Of Iraq
Monday, February 19, 2018 Chevron resumes drilling operations in the Kurdistan region of Iraq (KRI).

US Sets Largest Offshore Oil, Gas Lease Auction For March
Friday, February 16, 2018 The Trump administration says it will offer the largest oil and gas offshore auction in US history on March 21.

Baker Hughes: US Drillers Add Oil Rigs For Fourth Consecutive Week
Friday, February 16, 2018 US energy companies add oil rigs for a fourth week in a row.

Erdogan Tells Cyprus Not To Test Turkey Over Gas Standoff
Tuesday, February 13, 2018 Tempers flaring up in eastern Mediterranean over exploration rights.

Services Firm Kvaerner to Invest Millions in New Norwegian Quay
Tuesday, February 13, 2018 Services firm Kvaerner plans to invest $46.8 million in a new quay at its facility at Stord in Norway.

TAG Oil Encounters Potential Oil Pay in New Zealand Well
Tuesday, February 13, 2018 The Pukatea-1 exploration well encounters a potential oil pay.

Standoff In High Seas As Cyprus Says Turkey Blocks Gas Drill Ship
Monday, February 12, 2018 Cyprus accuses the Turkish military of obstructing a ship contracted by Italian oil company Eni.

Shell's Cougar Platform Becomes Artificial Reef
Friday, February 09, 2018 The Cougar platform in the Gulf of Mexico has become an artificial reef, after safely producing more than 31 million barrels of oil equivalent over a span of nearly two decades.

Fred. Olsen Energy Talking To Lenders Over Some Financial Commitments
Friday, February 09, 2018 Rig firm Fred. Olsen Energy is in discussions with its creditors about some of its financial commitments.

Lebanon To Begin Offshore Energy Search In Block Disputed By Israel
Friday, February 09, 2018 Lebanon signs its first offshore oil and gas exploration and production agreements for two blocks, including a block disputed by neighbouring Israel.

Bibby Offshore Secures Greater Dunlin Area Decom Contract
Wednesday, February 07, 2018 North Sea oil and gas operator, Fairfield Energy, awards Bibby Offshore a contract for the subsea infrastructure decommissioning of the Greater Dunlin Area.

ONZ-7 Results Confirm Sebou Permit can be 'Highly Cash Generative'
Tuesday, February 06, 2018 The latest results of the ONZ-7 well onshore Morocco confirm that the Sebou permit has the potential to be 'highly cash generative' for SDX Energy Inc, according to the company's president and CEO, Paul Welch.

Promised Land for Gas Drillers Turns Into Glutted Beach
Tuesday, February 06, 2018 Natural gas producers who last week were basking in the strongest price environment in almost a quarter century are getting crushed.

ETP Rover Natgas Pipe Seeks US FERC OK To Resume Ohio Drill
Monday, February 05, 2018 Energy Transfer Partners LP provided US federal energy regulators with an analysis of residential water wells in the vicinity of the company's drilling site under the Tuscarawas River in Ohio.

UK Onshore Industry Set for 'Exciting' 2018
Friday, February 02, 2018 The UK onshore industry is set to have an 'exciting' year in 2018, according to IGas CEO Stephen Bowler.

APAC Offshore Decommissioning Could Cost Over $100B
Thursday, February 01, 2018 Decommissioning Asia Pacific's offshore assets, comprising nearly 2,600 platforms and 35,000 wells, could cost over $100 billion.

Zion Management 'Optimistically Enthusiastic' About Onshore Israel Well
Thursday, February 01, 2018 Zion Oil & Gas Inc's management is 'optimistically enthusiastic' about what it has seen and still hopes to see in the Megiddo-Jezreel #1 well.

'Major' Deep Offshore Oil Discovery Made in US Gulf of Mexico
Wednesday, January 31, 2018 A 'major' oil discovery has been made at the Ballymore prospect, located deep offshore in the US Gulf of Mexico.

BP Announces New North Sea Discoveries
Wednesday, January 31, 2018 BP makes new discoveries in the North Sea at Capercaillie, in Block 29/4e, and Achmelvich, in Block 206/9b.

NPD Grants Aker BP Drilling Permit for Wildcat Well
Wednesday, January 31, 2018 The Norwegian Petroleum Directorate grants Aker BP ASA a drilling permit for wildcat well 6507/5-8.

CEO: Petrobras Making 'Interesting Discoveries' In Campos Basin
Wednesday, January 31, 2018 Brazil's state-controlled oil company Petroleo Brasileiro SA is making 'interesting discoveries' in blocks in the Campos basin.

Stoned on an Oil Rig: Legal Weed Puts Canadian Companies on Edge
Wednesday, January 31, 2018 Once recreational marijuana becomes legal in Canada, Garnet Amundson says it will get a lot harder to find the workers he needs at Essential Energy Services Ltd.

Kemp: US Oil And Gas Drilling Costs Rise As Rig Count Climbs
Tuesday, January 30, 2018 US shale producers are facing rising costs for everything from drilling rigs to pressure pumping equipment and labour.

Alaska Becomes Latest State To Request Limits On US Offshore Drilling
Tuesday, January 30, 2018 Alaska Governor Bill Walker says he has asked US Interior Secretary Ryan Zinke to pare back a Trump administration plan for oil and gas leasing.

Top Norway Fund Manager Is Betting on Rigs for 200% Return
Monday, January 29, 2018 After more than 3 years of taking a hammering, drillers are set to rise.

Baker Hughes: US Drillers Add Most Oil Rigs in a Week since March
Friday, January 26, 2018 U.S. energy companies added 12 oil rigs this week, the biggest weekly increase since March, as crude prices hovered near their highest levels since 2014, prompting drillers to return to the well pad.

Scottish Government Awards Cash Boost to 6 Decommissioning Projects
Thursday, January 25, 2018 Six projects across Scotland will be offered a share of $2.1 million as part of the second round of the Scottish government's Decommissioning Challenge Fund awards.