The Schahin Group filed for bankruptcy for its engineering unit as it seeks protection from creditors, according to news agency Bloomberg. Schahin holds 28 diversified companies and about US$2.12 billion in debt. However, Schahin’s oil and…
Karoon Gas Australia confirmed a 213m gross oil column at its Echidna-1 well offshore Brazil. The Olinda Star. From Karoon. The exploration well is located in the Santos basin…
Petrobras completed the formation testing on well 3-BRSA-1286-SES, located in concession BM-SEAL-11, in ultra-deep waters of Sergipe-Alagoas Basin, offshore Brazil. Drilling activities have confirmed two light oil and gas bearing compartments…
Chevron Australia is cutting its contract with Atwood Oceanics short due to damages caused by a cyclone offshore Australia. The Atwood Osprey. From Atwood. The amendment will…
KrisEnergy’s Thai campaign success continues at its Rossukon-3ST sidetrack well that encountered 148ft of oil and gas pay. Offshore Thailand map. From KrisEnergy. The final exploration…
Shell takeover target BG Group has continued a dry exploration run offshore Norway with its latest exploration well near the Knarr field. The 34/3-5 well, on production license 373 S, in 403m water depth, was drilled about 5km southeast of Knarr in the Northern North Sea…
In April, Transocean’s Deepwater Asgard drillship arrived in the US Gulf of Mexico (GOM) to work under a two-year contract for Chevron. The ship is a Daewoo Shipbuilding DSME 12000 design with dynamic positioning capabilities and can drill up to 35…
Drill rig fleet operators are dropping dayrates as the market is squeezed due to the precipitous fall in global crude price. Industry insiders say dayrate bargaining by upstream companies is the play of the day. Rigs operating in the Middle East are particularly exposed…
Germany's Wintershall is stepping up its activities in the southern North Sea, the company has announced. In addition to an extensive drilling campaign in the Netherlands, the UK and Denmark, the company intends to take its natural gas and crude oil discoveries into the production phase swiftly…
KrisEnergy began drilling the Rossukon-3ST sidetrack well offshore Thailand. Image from KrisEnergy. Rossukon-3ST is located in the G6/48 license that covers 566sq km over the Karawake basin…
Analyses foresee 2015 as being the toughest year for drilling companies since 2009. On the back of falling oil prices, contractors are facing increased pressure as operators shift risks and liabilities, often in contradiction with entrenched industry-accepted allocations…
KrisEnergy encountered oil and gas pay at the Rossukon-3 exploration well in the Gulf of Thailand. Image from KrisEnergy. Rossukon-3 is located in the G6/48 contract area that covers 566sq km over the Karawake basin…
Lundin’s first development project offshore Malaysia, the Bertam field, is now onstream, with plans to continue with production from remaining wells throughout 2015. Malaysia drilling operations…
Karoon Gas Australia made a discovery at the Echidna-1 exploration well, the third in the Santos drilling campaign, offshore Brazil. Image from Karoon. According to the Australian company…
US-based Noble Energy acquired from Argos Resources a 75% interest and operatorship of 285,000 gross acres in the PL001 license in the North Falkland basin, northwest of the PL032 license that includes the Sea Lion oil discovery. Edison International SpA obtained the remaining 25%…
