Drilling / Rig News


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North America Enters Rig Loss Streak
North America dropped rigs again week on week, according to Baker Hughes.
8:00 PM EST | March 17, 2024
Gran Tierra On Track to Meet 2024 Production Guidance
The company's drilling campaigns resulted in a six percent increase over fourth-quarter 2023 production.
8:00 PM EST | March 14, 2024
Equinor Awards Contract Extensions to Norwegian Offshore Suppliers
Equinor is exercising two options to extend contracts with Archer AS, KCA Deutag Drilling Norway AS, and Odfjell Operations AS for a total of four years.
8:00 PM EST | March 13, 2024
Chinese Mega Company Makes Major Oilfield Discovery
The discovery adds over a hundred million tons of oil equivalent proved in-place volume, according to the company.
8:00 PM EST | March 12, 2024
BMI Flags Indonesia's Exploration Success
'The country's exploration success in offshore areas has bolstered our outlook for its natural gas reserves and production,' BMI analysts said.
8:00 PM EST | March 11, 2024
Bangladesh Offers 24 Offshore Blocks for Exploration Bidding
The auction offers 15 deepwater blocks and nine shallow-sea blocks.
8:00 PM EST | March 11, 2024
North America Drops Rigs for First Time in 2024
North America's rig count dropped week on week for the first time in 2024, according to Baker Hughes.
8:00 PM EST | March 10, 2024
Occidental Deploys Electric Rig Developed by Axis
Axis declared a milestone in well service technology with the deployment of an electric-powered rig that it says not only reduces emissions but also improves safety and efficiency.
8:00 PM EST | March 10, 2024
OEUK Says Windfall Tax Extension Is Disappointing Blow
'The industry is being taxed on windfall profits which no longer exist', OEUK said.
7:00 PM EST | March 07, 2024
Total Energy Unit Closes Acquisition of Saxon
The acquisition of Saxon increases Savanna Australia's land drilling rig fleet to 16 rigs.
7:00 PM EST | March 07, 2024
Wintershall Raises Recoverable Resource Estimate for Norway Discovery
Wintershall revised the size of the Adriana gas and condensate discovery in the Norwegian Sea to 28–43 MMboe.
7:00 PM EST | March 06, 2024
North America Adds More Rigs
North America added rigs week on week, according to Baker Hughes.
7:00 PM EST | March 03, 2024
BP Prepares to Drill in Brazil Where Other Majors Have Failed to Find Oil
BP is preparing a deepwater well in Brazil in the latest attempt to break a streak of bad luck by oil majors.
7:00 PM EST | March 03, 2024
Diamond Offshore Bags $350MM BP Contract Extension in GOM
The contract extension is for the Ocean BlackHornet rig, which begins in February 2025 in direct continuation of the rig's current contract.
7:00 PM EST | March 03, 2024
Zion Gets Israel Nod to Re-Explore Unsuccessful Well
Zion received clearance from authorities in Israel to re-enter a well it had declared not commercially viable over five years ago.
7:00 PM EST | March 03, 2024
Tamboran Raises Estimate of Recoverable Beetaloo Resources to 2.1 Tcf
Tamboran increased its estimates of recoverable resources in Australia's Beetaloo Sub-basin to a total of 2.1 Tcf in the unrisked best scenario.
7:00 PM EST | February 29, 2024
One Dead in Helicopter Crash Offshore Norway
'This is a deeply tragic incident'.
7:00 PM EST | February 28, 2024
Perenco Spuds Appraisal Well Offshore Gabon
Perenco spudded an appraisal well in the vicinity of the Hylia South West discovery.
7:00 PM EST | February 27, 2024
Baker Hughes Data Shows North America Rig Additions
The U.S. added five rigs week on week, according to Baker Hughes.
7:00 PM EST | February 25, 2024
UK Regulator Holds Platform Electrification Workshop with North Sea Bigwigs
Eleven operators, including BP, Harbour Energy, Repsol, Shell, and TotalEnergies, delivered presentations, the NSTA revealed.
7:00 PM EST | February 25, 2024
Equinor Hits Dry Well in North Sea
Equinor's exploration well Harden sor in the North Sea has been declared dry.
7:00 PM EST | February 19, 2024
Baker Hughes Reveals Latest North America Rig Count
Baker Hughes has released its latest rotary rig count figures.
7:00 PM EST | February 18, 2024
Two Var Energi Wells in North Sea Declared Dry
Wildcat wells 25/7-12 A and 25/7-12 S turned up dry.
7:00 PM EST | February 17, 2024
Eni Completes Drilling of Appraisal Well Offshore Cyprus
Cronos-2 was drilled to confirm the lateral extension of the Cronos gas discovery.
7:00 PM EST | February 15, 2024
North America Goes Back to Adding Rigs
North America increased its rig count week on week, according to Baker Hughes.
7:00 PM EST | February 11, 2024
Diamond Offshore Says It's Working to Recover Dropped Equipment
'We are working on plans to recover the dropped equipment from the seabed'.
7:00 PM EST | February 07, 2024
TotalEnergies Pays $199MM for Stake in JV Owning Drillship
The joint venture will contract Vantage Drilling International to operate the drillship for 10 years.
7:00 PM EST | February 06, 2024
Predator Inks Extension for Rig in Morocco
The extension will facilitate the drilling of the MOU-5 well to evaluate the 68-square-mile (177-square-kilometer) Jurassic structural closure in a crestal location.
7:00 PM EST | February 06, 2024
Magnitude 5.1 Earthquake Hits Oklahoma
A magnitude 5.1 earthquake occurred eight kilometers northwest of Prague, Oklahoma.
7:00 PM EST | February 05, 2024
Baker Hughes Data Shows Flat North America Rig Count
The North America rig count stayed flat week on week, according to Baker Hughes.
7:00 PM EST | February 04, 2024
Rystad Energy Identifies 36 Potential High Impact Wells for 2024
'This would be a sizeable jump from the 27 high impact wells drilled last year'.
7:00 PM EST | January 30, 2024
Saipem Confirms Incident on Vessel
The event occurred 'during normal pipelaying operations'.
7:00 PM EST | January 29, 2024
UK Oil Regulator Dubs North Sea a Vibrant Hotbed of Tech Innovation
'Innovative thinking remains vibrant across the industry'.
7:00 PM EST | January 29, 2024
Baker Hughes Data Shows North America Continues to Ramp Up Rig Count
North America added eight more rigs week on week, according to Baker Hughes.
7:00 PM EST | January 28, 2024
Houthi Hit on Russian Fuel Has Traders Recalculating Risks
The attack means that a greater slice of the three million barrels a day of Russian crude oil and fuel that has been flowing through the Red Sea to reach customers in Asia could be at risk.
7:00 PM EST | January 28, 2024
Union Says Strike Involving 100+ Drillers is Off
Unite the union revealed that strike action for over 100 offshore drillers employed by Odfjell Technology (UK) Ltd on Equinor's Mariner platform has been called off.
7:00 PM EST | January 28, 2024
Diversified Energy Faces Short-Seller Attack From ESG-Focused Snowcap
Diversified Energy Co. is the largest owner of U.S. oil and natural gas wells.
7:00 PM EST | January 23, 2024
North America Adds More Rigs
North America added more rigs week on week.
7:00 PM EST | January 21, 2024
Union Says Around 100 Offshore Drillers Are Set to Strike
'Unite members voted unanimously in favor of strike action'.
7:00 PM EST | January 21, 2024
Philippines Plans to Explore Oil-Rich Sea Amid China Tension
'I really do think it's quite urgent that we start now'.
7:00 PM EST | January 17, 2024
Nostra Terra Teams Up with Cypress for Texas Wells
The two companies plan to use 3D seismic data set to jointly develop production growth opportunities across an expansive area of East Texas.
7:00 PM EST | January 16, 2024
Var Energi Scores First Drilling Permit in Norway in 2024
Var Energi has been cleared to drill a North Sea wildcat well.
7:00 PM EST | January 15, 2024
North America Ramps Up Rig Count
North America increased its rig count by 86 rigs week on week, according to Baker Hughes.
7:00 PM EST | January 14, 2024
SLB, Nabors Partner on Automated Drilling Solutions
SLB has formed a partnership with Nabors to scale up the adoption of automated drilling solutions.
7:00 PM EST | January 14, 2024
Norway's Oil and Gas Companies to Step Up Exploration This Year
Norwegian oil and gas companies will drill more exploration wells this year.
7:00 PM EST | January 10, 2024
Arrow to Drill 15 Wells in Colombia Fields
Arrow is planning to drill 15 wells with a $33.68 million (CAD 45 million) net capital budget for 2024 as it focuses on its Colombian assets.
7:00 PM EST | January 10, 2024
YPF Sells $800MM Bond for Debt Buyback
Argentina's state-owned oil driller YPF tapped investors with a new dollar bond to help finance a buyback of existing debt.
7:00 PM EST | January 10, 2024
Russia's Oil Drilling Boom Proves Moscow's Resilience to Western Sanctions
Russia was on pace for a second year of record oil drilling in 2023, further evidence of the nation's resilience to Western sanctions.
7:00 PM EST | January 09, 2024
First Rotary Rig Count of 2024 Sees Big Boost for North America
The total North America rig count now stands at 746.
7:00 PM EST | January 07, 2024
Valaris Secures Contract for Petrobras' Buzios in Brazil
The contract is valued at approximately $519 million, inclusive of mobilization fees and additional services.
7:00 PM EST | January 03, 2024