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US Rig Count Still in Freefall at 301
Monday, June 01, 2020Year on year, the US oil rig count is down 578.
Melbana Energy Gets Extension on Beehive Prospect
Monday, June 01, 2020The company will use the extra time to pursue drilling partners.
Stena Drilling Signs Rig Contract with Bahamas Petroleum
Wednesday, May 27, 2020COVID-19 had forced BPC to postpone drilling for Perseverance #1.
Offshore Workers Exempt from New UK Border Rule
Wednesday, May 27, 2020Workers undertaking activities in offshore installations are exempt from new self-isolation requirements for UK arrivals.
US Rig Count Sinks to 318
Tuesday, May 26, 2020Year on year, the US rig count is down 665 rigs from last year's 983.
Industry Bodies Partner on Inclusive Campaign
Thursday, May 21, 2020UK industry bodies AXIS Network and Step Change in Safety are partnering to develop guidance for operators and the supply chain on inclusive offshore working practises.
Shale Output Seen Tumbling to 2018 Low
Tuesday, May 19, 2020Oil production from the top seven shale regions in the U.S. is set to tumble to levels not seen since 2018.
Permian Rig Count Losses Stay in Double Digits
Monday, May 18, 2020Year on year, the US rig count is down 648 rigs from last year's 987.
No One Expected Shale Cuts to Happen So Fast
Monday, May 18, 2020Drillers are laying down rigs and shutting in wells at a frantic pace in response to the plunge in oil prices caused by the coronavirus pandemic.
Neptune Claims Subsea Feat Offshore Norway
Thursday, May 14, 2020This image, captured from a video provided by Neptune Energy, shows the company's dual drilling operation using Seadrill's West Phoenix semi-sub. IMAGE SOURCE: Neptune Energy
IEA Sees Oil Market Improving
Thursday, May 14, 2020The outlook for global oil markets has 'improved somewhat', according to the International Energy Agency.
Is Rig Count a Reliable Production Gauge These Days?
Wednesday, May 13, 2020The link between oil and gas output and the rig count may have come adrift.
Petrobras Makes New Discoveries
Wednesday, May 13, 2020Petrobras revealed this week that it has made two new discoveries offshore Brazil.
COVID-19 Sharply Increases Rig Remote Inspection Demand
Tuesday, May 12, 2020Bureau Veritas reported it has experienced a 900-percent increase in demand for remote inspection of offshore rigs since the outbreak of the COVID-19 pandemic. PHOTO SOURCE: Bureau Veritas
Onshore Mexico Drilling Campaign Ends
Tuesday, May 12, 2020Simmons Edeco has successfully drilled a second series of wells on-schedule on the Panuco Field on Mexico for a major oilfield services company. PHOTO SOURCE: Simmons Edeco
US Oil Rig Count Down 513 From Last Year
Monday, May 11, 2020The US oil rig count sank to a low not seen since before the shale revolution took off at the beginning of the last decade.
Apache South America Campaign Concludes
Wednesday, May 06, 2020Oceaneering International reported that it has successfully completed an integrated rig services campaign for Apache offshore South America.
Eni's Latest Mexico Well Disappoints
Wednesday, May 06, 2020Operations have been completed on the Ehecatl-1 exploration well on Block 7, located in the Sureste Basin Offshore Mexico.
PTTEP, Partners Hit Oil Pay Offshore Mexico
Tuesday, May 05, 2020Commercial potential of the new discovery will be assessed in the next phase.
Chevron Down to 5 Permian Rigs
Tuesday, May 05, 2020Chevron is currently running five rigs in the Permian basin, the company's chairman and CEO, Mike Wirth, revealed in a recent Bloomberg television interview.
US Loses 206 Rigs in April
Monday, May 04, 2020The Permian Basin rig count fell by 27 from the previous week.
Borr Divests Two Rigs
Monday, May 04, 2020A subsidiary of Borr Drilling sold two standard jack-up rigs for $15.8 million, including the associated backlog from April 1, 2020.
$100MM Equinor Contract Goes to Maersk Drilling
Friday, May 01, 2020This photo shows the Maersk Intrepid hybrid jack-up rig. PHOTO SOURCE: Maersk
Conoco Updates Voluntary Cut Volumes
Friday, May 01, 2020ConocoPhillips estimates its voluntarily production cut in May will amount to 265,000 barrels of oil per day gross.
EnQuest Expects to Cut 530 UK Jobs
Wednesday, April 29, 2020EnQuest plc expects to cut 530 UK jobs, a company spokesperson has confirmed to Rigzone.
Offshore Norway Contract Goes to Dolphin Drilling
Tuesday, April 28, 2020Dolphin Drilling CEO Bjørnar Iversen, above, applauds Wellesley's willingness to drill on the NCS during this difficult period. PHOTO SOURCE: Dolphin Drilling
Petronas Rejects Claim That It Shut Down Projects, Rigs
Tuesday, April 28, 2020As of April 24, the company said it had 18 rigs in operation within Malaysia waters.
Neptune Starts Fenja Drilling Campaign
Tuesday, April 28, 2020Neptune Energy announced Tuesday that its drilling campaign on the Fenja field offshore Norway is now underway.
New Discoveries Made in Northwest Germany
Monday, April 27, 2020Neptune Energy has revealed that two 'important' hydrocarbon discoveries have been made northwestern Germany.
US Rig Count Falls to 465
Monday, April 27, 2020The Permian rig count dropped by 37 rigs.
Oil Slides on Glut While Producers Start Cuts
Monday, April 27, 2020Oil dropped back below $15 a barrel as swelling global crude stockpiles made it more difficult for leading producers to balance the market by curbing output.
Diamond Offshore Files for Bankruptcy
Sunday, April 26, 2020Diamond Offshore Drilling filed for bankruptcy amid an unprecedented crash in crude prices that's wrecking demand for oil exploration at sea.
Borr Adds Newbuild Jack-up to Fleet
Friday, April 24, 2020Keppel O&M has delivered the Hild jack-up to Borr Drilling.
US Fracking Set for Biggest Ever Monthly Drop
Friday, April 24, 2020The Covid-19 pandemic, coupled with low oil prices, is likely to cause the largest monthly drop in fracking activity ever recorded in the United States, according to Rystad Energy.
Maersk Drilling Loses Contracts
Friday, April 24, 2020Here are some of Rigzone's top stories during the last week, just in case you missed them...
Maersk Drilling Expects North Sea Redundancies
Friday, April 24, 2020Maersk Drilling has taken steps to initiate consultations with trade unions and employee representatives about redundancies in the company's offshore crew pool in Denmark, Norway and the UK.
Beach Cancels Rig Contract With Diamond Offshore
Thursday, April 23, 2020The companies are considering a new contract for 2021.
Equinor Appoints New Exploration Leader
Wednesday, April 22, 2020Equinor revealed Wednesday that it has appointed a new exploration leader.
Explaining Negative Oil Prices
Tuesday, April 21, 2020Midstream players are now paying buyers to take oil volumes away as the physical storage limit will be reached.
Shell and Aker BP Cancel Maersk Drilling Contracts
Tuesday, April 21, 2020Maersk Drilling has received notice of early termination of two drilling contracts.
US Rig Count Sinks by 73
Monday, April 20, 2020The Permian lost 33 rigs, continuing its weekly trend of steep, double-digit declines.
Arrow Sanctions First Phase of $10B SGP
Monday, April 20, 2020Arrow Energy has sanctioned the start of the first phase of its Surat Gas Project in southern Queensland.
Offshore Drilling Starts for Qatar Mega-Project
Thursday, April 16, 2020Qatar Petroleum has begun the offshore development drilling campaign for its North Field East Project. PHOTO SOURCE: Qatar Petroleum
Petrobras Hibernates 62 Platforms
Thursday, April 16, 2020Petrobras has begun hibernating 62 platforms in shallow water fields offshore Brazil.
Saipem Semisub Achieves Rare Feat
Wednesday, April 15, 2020Above, the Scarabeo 9 semisub passing beneath one of three bridges in Istanbul, Turkey during its April 13, 2020, transit of the Bosphorus Strait. PHOTO SOURCE: Saipem
Borr Wins APAC Jack-up Contracts
Wednesday, April 15, 2020Borr Drilling has secured letters of award for work in the Asia Pacific region for two of its premium jack-ups.
Offshore Gabon Workover a Success
Wednesday, April 15, 2020VAALCO Energy on Monday reported the successful completion of the South East Etame 2H Well Offshore Gabon.
Majority of Licensing Rounds Likely to be Canceled
Wednesday, April 15, 2020More than half of the world's planned licensing rounds are likely to be canceled this year, according to Rystad Energy.
Texas Railroad Commissioner Talks Proration
Tuesday, April 14, 2020RRC commissioner Ryan Sitton gives a statement prior to the group's proration hearing on Tuesday.
Permian Basin Drops 35 Rigs
Monday, April 13, 2020The US rig count is down 62 rigs from the previous week to 602.