Schlumberger signed a contract worth over $200 million with oil major Equinor to manage an offshore rig as part of a drilling program in Brazil's offshore Campos oil basin, a person familiar with the matter said on Thursday.The deal would be…
New technology for offshore steam-flooding has taken its next step toward North Sea reality. Aberdeen-based oil and gas production technology business Pragma Well Technology said a successful feasibility study has led to a green light from Pharis…
London-based Tullow Oil has unveiled plans to drill for oil and gas in Ghana's offshore Tweneboa Enyenra Ntomme (TEN) oil fields in the deepwater Tano Block as the company embarks on a work program that could see it increase its production in West Africa by 10% in 2019…
Exxon Mobil subsidiary Esso Australia Pty Ltd. awarded integrated subsea engineering, procurement, construction, installation and commissioning (EPCIC) contracts to Subsea Integration Alliance, which comprises OneSubsea, a Schlumberger company…
Norwegian oil company Equinor announced Wednesday it has proven gas and condensate in the 6406/2-9 S exploration well at Ragnfrid North around 20 kilometers south of the Kristin platform in the Norwegian Sea. Recoverable resources are estimated at 6-25 million barrels of oil equivalent…
BP Canada is scaling back its oil and gas exploration plans off Nova Scotia, as the Canada-Nova Scotia Offshore Petroleum Board (NSOPB) said the company is giving back 50% of the area included in its license.According to NSOPB, half of the area…
The oil exploration and development company focusing petroleum resources on the Norwegian Continental Shelf Aker BP has been offered interests in 21 new production licenses in Norway, of which 11 as operator, through the Awards in pre-defined areas (APA 2018) licensing round…
Norwegian energy company Equinor announced that the Gullfaks partners have decided to move forward with a NOK 2.3 billion plan to drill seven new wells at Norway’s fourth largest oil field and improve oil recovery by 17 million barrels.“Our…
Austrian oil company OMV noted a rise in estimated recoverable volumes in the company’s Wisting discovery in the Barents Sea offshore Norway during last year.The company said on Monday that the estimated recoverable volumes in the Wisting discovery…
The deepwater exploration company operating primarily in the Gulf of Mexico reported the drilling of a successful discovery on its Nearly Headless Nick exploratory prospect on Mississippi Canyon Block 387 in the deepwater Gulf of Mexico.Louisiana…
U.K.-based international bank Barclays announced a new energy policy that significantly restricts the bank’s financing for the exploration or extraction of oil and gas in the Arctic.The policy rules out funding for companies seeking to drill…
The operator of the Deepwater Tano Cape Three Points (DWT/CTP) block, Aker Energy, has announced the near-completion of a successful drilling operation of the Pecan-4A appraisal well offshore the Western Region of Ghana.This, the Chief Executive Officer at Aker Energy…
Norwegian offshore drilling rig firm Seadrill Ltd said on Thursday that Chief Financial Officer Mark Morris will step down following completion of the company's financial restructuring.The company, controlled by Norwegian-born billionaire John Fredriksen…
A new active vibration damper tool autonomously adapts to changing downhole bottom hole assembly (BHA) motion in real time, reducing drilling dysfunctions and ultimately leading to faster, more efficient drilling, says Norwegian services company PSW Group…
Contract driller Rowan announced Thursday that it has secured a contract in Norway from ConocoPhillips Skandinavia AS (COPSAS) for the N-Class ultra-harsh environment jack-up rig Rowan Norway.The contract is for an estimated duration of seven months…