The shareholders of Norwegian driller Northern Offshore approved a takeover deal by China's Shangdong Offshore. The acquisition will be done by amalgamation according to the law of Bermuda for US$0.96 per share, valuing Northern at $164…
The drilling market is turning out to be worse than in 2008-9 and is expected to continue into 2016 and beyond, says Norway’s Akastor as it feels the brunt of the low-oil price driven down turn. The former Aker Solutions company is planning…
Wintershall's Zeppelin exploration well offshore Norway has been classified as dry. The well, 10/4-1, in production license 734, was drilled about 35km southeast of the Yme field in the North Sea using the Borgland Dolphin semisubmersible drilling rig in 98m water depth…
Driven by the rapid expansion of shale oil and gas drilling, and production in North America, the world market for oil field specialty chemicals at the service company level reached US$25 billion in 2014, up from nearly $16 billion in 2010…
Geoquip Marine’s DP2 vessel, the Deep Investigator, is now fully operational after having completed significant vessel conversions, including the installation of a moonpool, the modernization of the accommodations and the installation of the GMR600 drill rig…
North Atlantic Drilling has been awarded a contract extension for the semisubmersible drilling rig West Phoenix by Total E&P UK. The contract extension starts mid-March 2016, securing work for the unit through the end of August 2016.…
Global Maritime Group has been awarded a contract for the provision of mooring and rig positioning services to the Australian oil and gas company Woodside. Under the contract with Woodside, Stavanger based Global Maritime's business Deep…
Stone Energy’s Cardona #6 development well, in Mississippi Canyon block 29 of the Gulf of Mexico (GOM) has been proceeding ahead of schedule and below budget, and drilling has been completed through the targeted zones. The well encountered 288ft of net pay in two intervals…
Quadrant Energy Australia spudded the high impact Levitt-1 exploration well in WA-482-P Carnarvon basin, offshore Western Australia, according to partner Karoon Gas Australia. Map of Levitt-1. From Karoon…
Baker Hughes has picked up the US$190 million (NOK1.5 billion) onshore contract for integrated drilling services on the massive Johan Sverdrup field offshore Norway. Baker Hughes joins Norway's Odfjell, which was awarded two contracts…
Otto Energy has mobilized Maersk Drilling’s ultra-deepwater drillship Maersk Venturer for the Hawkeye-1 exploration well, offshore Philippines. The two companies originally signed a letter of intent back in March 2015. The Australian explorer says mobilization will begin on 31 July…
Det norske completed the drilling of appraisal wells 16/1-22 S, 16/1-22 A and 16/1-22 B on the Ivar Aasen field, according to the Norwegian Petroleum Directorate. The field is in the central part of the North Sea and was proven in 2008…
Statoil has decided to suspend Scarabeo 5 due to overcapacity in its rig portfolio. The suspension will take effect once Scarabeo 5 has completed drilling of a well on the Kristin field in the middle of August, and will last until 1 March 2016…
Norway's Statoil has made a small discovery near the Gina Krog development project, according to the Norwegian Petroleum Directorate and pratner Det norske. Wildcat well 15/6-13 and appraisal wells 15/6-13 A and 15/6-13 B were drilled…
Wells and facilities decommissioning around the world is entering a new era. Some drivers for the changes in decommissioning are eco-awareness, a recent particularly onerous cycle of climatic events, facility design evolution, the glaring…