Drilling / Rig News


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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.

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

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.

Deepwater's Happy Days Almost Here Again
Monday, September 24, 2018 Deep-sea oil drillers are once again riding the wave of investor enthusiasm that next year will be better for profits.

Offshore Namibia Dud Dims Outlook for New Play
Monday, September 24, 2018 Tullow Oil Plc said an exploration well off Namibia was a dud, damping enthusiasm over a frontier area that's attracted renewed interest amid oil's recovery.

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.

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.

Transocean Wins Multi-well NCS Contract for New Semisub
Friday, September 21, 2018 The harsh-environment rig will be capable of operating at a water depth up to 10,000 feet.

UK Union Members Ask Total CEO to Intervene in Dispute
Thursday, September 20, 2018 Members of UK union Unite at Total E&P have written an open letter to Patrick Pouyanne, chairman and CEO of Total, requesting his personal intervention in a dispute.

Cuadrilla Granted Fracking Consent for Second Horizontal Shale Gas Well
Wednesday, September 19, 2018 Cuadrilla receives hydraulic fracturing consent for its second horizontal shale exploration well at its Preston New Road site in Lancashire, UK.

Faroe Set to Ramp Up Exploration and Appraisal Activity
Wednesday, September 19, 2018 Norway and UK focused Faroe is set to 'ramp up' its exploration and appraisal activity in 2018 and 2019, according to a joint statement by the company's chairman and chief executive.

Shell UK Outlines New Work Rota for Central North Sea Assets
Tuesday, September 18, 2018 Shell UK reveals Tuesday that it will change its offshore operating model on its central North Sea assets.

UK Union Postpones North Sea Strike
Monday, September 17, 2018 UK union Unite postpones a 12-hour strike scheduled for Monday on the Alwyn, Dunbar and Elgin platforms in the North Sea.

Baker Hughes: US Drillers Add Oil Rigs For Second Week In Three
Friday, September 14, 2018 US energy companies this week added oil rigs for the second time in the last three weeks.

Lyon Well Offshore UK Deferred Until 2019
Thursday, September 13, 2018 The drilling of the offshore UK Lyon exploration well has been deferred until 2019, Siccar Point Energy has revealed.

Gazprom Neft Joins Forces with CNPC to Develop EOR Tech
Thursday, September 13, 2018 Gazprom Neft announces that it has joined forces with China National Petroleum Corporation to develop enhanced oil recovery technologies.

Chairman: Borr Drilling Aims To Start Paying Dividends By 2020
Wednesday, September 12, 2018 Borr Drilling aims to start paying dividends by 2020, the company's founder and chairman Tor Olav Troeim says.

Free Cash Flow on UKCS Could Be Over $12.9B in 2018
Tuesday, September 11, 2018 Free cash flow on the UK Continental Shelf could be more than $12.9 billion (GBP 10 billion) this year, for the first time since 2010.

Baker Hughes: US Oil Drillers Cut Rigs For Second Week In Three
Friday, September 07, 2018 US energy companies cut oil rigs for the second week in three as the rig count has stagnated over the past three months along with crude prices.

Norway's Equinor To Start Drilling Brazil's Carcara Field In 2018
Wednesday, September 05, 2018 Equinor says it will begin drilling in Brazil's North Carcara oil field in 2018.

Tullow Oil Plans To Drill First Guyana Well In Third Quarter Of 2019
Wednesday, September 05, 2018 Tullow Oil plans to drill its first well in the much-watched Guyana offshore basin in the third quarter of next year.

Flush with Cash, Majors Seek to Tap Africa's Vast Resources
Wednesday, September 05, 2018 Africa is entering the oil-hunt spotlight as drillers are turning their attention back to the continent's potentially vast resources.

Transocean Banks on Ultra-Deepwater Recovery with Ocean Rig Deal
Tuesday, September 04, 2018 Transocean and Ocean Rig's merger could wrap up early next year.

Storm Gordon Halts Some Energy Production In US Gulf
Tuesday, September 04, 2018 Tropical Storm Gordon has shut 9.23% of daily crude oil production in the US Gulf of Mexico.

Baker Hughes: US Drillers Add Oil Rigs For The First Time In Three Weeks
Friday, August 31, 2018 US energy companies added oil rigs for the first time in three weeks, energy services firm Baker Hughes reported.

EIA: US Crude Production Rises To Record As Drilling Climbs In Texas
Friday, August 31, 2018 US crude oil production rose 2 percent to a record 10.674 million bpd in June, the US Energy Information Administration says.

Aker Energy To Submit Plan For Ghana Offshore Field In 2019
Thursday, August 30, 2018 Aker Energy will delay submitting a plan for development of its block off Ghana.

ExxonMobil Starts Deepwater Drilling Off Southeastern Australian Coast
Monday, August 27, 2018 ExxonMobil says it has commenced offshore exploration drilling off Australia's southeast coast.

Byron Energy Starts Drilling Well in US Gulf
Monday, August 27, 2018 Drilling has begun on a well in the Bivouac Peak Prospect East in Louisiana.

Baker Hughes: US Drillers Cut Most Oil Rigs In Over 2 Years
Friday, August 24, 2018 US energy companies cut nine oil drilling rigs this week, the biggest reduction since May 2016, following a recent decline in crude prices.

CEO: Ecopetrol To Focus Spending On Drilling For Rest Of Year
Friday, August 24, 2018 Ecopetrol will focus spending for the rest of the year on increased drilling activity and securing operational licenses, its CEO says.

Sverdrup Was Norway's Lifeline during Oil Crash
Thursday, August 23, 2018 While Norway's oil-service companies had to slash their fees, Sverdrup's timing also proved a godsend for them.

Shell's Appomattox FPS Reaches Offshore Louisiana Destination
Wednesday, August 22, 2018 Shell's Appomattox has made the journey to its GOM installation site. SOURCE: Crowley Maritime Corp.

Energy Minister Warns Losing Lofoten Would Imperil Norway's Arctic Push
Monday, August 20, 2018 Backing down on drilling off Norway's Lofoten islands could also threaten the search for oil and gas that lies beneath the Barents Sea, the country's energy minister says.

Dorado Discovers 171MM Barrels of Oil
Monday, August 20, 2018 Dorado, located offshore Australia, has discovered 171 million barrels of oil on a 2C basis, Carnarvon Petroleum Limited reveals.

Baker Hughes: US Oil Drilling Rig Count Holds Steady This Week
Friday, August 17, 2018 US energy companies kept the oil rig count unchanged this week amid a steady decline in crude prices, which hit a near 2-month low earlier this week.

Dorado-1 has Created Big Exploration Buzz around Perth
Thursday, August 16, 2018 The Dorado-1 discovery offshore Australia 'has created a big exploration buzz around Perth,' according to Wood Mackenzie's Australasia Upstream Senior Analyst Daniel Toleman.

Analysts: Oil Price Rise to Drive Up Drilling Globally
Wednesday, August 15, 2018 The rise in oil prices will continue to drive up drilling activity globally over the second half of the year and 2019, according to oil and gas analysts at Fitch Solutions Macro Research.

Union, Total to Hold Discussions Thursday
Wednesday, August 15, 2018 UK union Unite will hold discussions with Total on August 16 to try and reach a resolution to a dispute which has seen Unite carry out strikes on the Alwyn, Dunbar and Elgin rigs in the North Sea.

Eni Plans More Offshore, Onshore Egypt Drilling
Tuesday, August 14, 2018 Eni has further strengthened its position in Egypt.

Unite Carries Out 12-Hour North Sea Strike
Monday, August 13, 2018 UK union Unite is carrying out a 12-hour strike on the Alwyn, Dunbar and Elgin platforms in the North Sea today, a union spokesperson has confirmed.

Baker Hughes: US Drillers Add Most Oil Rigs Since May
Friday, August 10, 2018 US energy companies this week added the most oil rigs since May as drillers follow though on plans to spend more on exploration and production.

Continental Resources Sees 15-20 Pct Output Growth in 2019
Wednesday, August 08, 2018 A large portion of the company's growth is focused on its SpringBoard development in Oklahoma's SCOOP formation.

China State Firms to Expand Domestic Oil, Gas Exploration After Xi's Call
Wednesday, August 08, 2018 China, the world's top energy user and also largest crude oil importer, is facing declining reserves and soaring development costs.

Minister: Exxon 'Very Hopeful' of Success in Discovering 'Big Cache' of Oil
Tuesday, August 07, 2018 ExxonMobil is 'very hopeful' of success in discovering a 'big cache' of oil off the Indus Delta, the Pakistan minister for maritime affairs and foreign affairs, Abdullah Hussain Haroon, said in a press statement.

Stena Getting Offshore Rigs Back to Work with Simulators
Monday, August 06, 2018 The Stena Don semi-submersible. SOURCE: Stena Drilling

Unite Carries Out Strike in North Sea
Monday, August 06, 2018 UK union Unite is carrying out a strike on the Alwyn, Dunbar and Elgin platforms in the North Sea today, a union spokesperson confirms.

US Oil Drillers Cut Rigs for Second Week in Three -Baker Hughes
Friday, August 03, 2018 So far this year, the total number of oil and gas rigs active in the United States has averaged 1,010.

Canada's Top Heavy Oil Producer Eyes Lighter Crude
Friday, August 03, 2018 Canadian heavy oil is the weakest in almost five years.

Noble Energy Gives In to Permian and Transport Challenges, Shares Fall
Friday, August 03, 2018 Noble Energy Inc said on Friday it would shift some investments outside of the Permian Basin and cut back on planned well completions.