Otto Energy has announced that it has entered into an agreement with Byron Energy for the staged farm-in for participating interests in to up to three lease areas held by Byron in the Louisiana Gulf of Mexico (GOM) area. The transaction…
Germany's Wintershall has made a minor oil discovery on the Syrah exploration well in the Norwegian sector of the North Sea. The operation, in production license 248, included wild cat well 35/11-18, targeting Middle Jurassic rocks in the Brent group…
Independent Oil and Gas has executed a well management contract with AGR Well Management for the drilling of the North Sea appraisal well on Skipper, which is on track to spud in late January or early February 2016. As part of its payment…
It goes without saying that Art Berman with Labryrinth Consulting Services has a belief about oil prices that is likely not shared by many in the oil and gas industry: Berman believes the prices should be lower. “Prices have to fall further…
Seadrill Partners has secured one-year contract extensions for the T-15 and T-16 tender rigs with Chevron Thailand E&P. The contracts will now expire in July and August 2019, respectively. The total backlog of the two contract extensions is approximately US$80 million…
Apache is to increase investment in drilling to 78% of its annual capital spending in 2016-2020, compared to 51% in 2012-2015, a business breakfast was told in Aberdeen this morning. Investment in seismic will double, from 5% of its capital spending to 10%…
Norway-based eDrilling launched a simulator for drilling and well engineering and training of all engineering disciplines, to help the industry with efficient and safe well delivery. WellSim Interact represents the ultimate training/engineering…
Lundin Malaysia commenced drilling of the Imbok-1 exploration well in blocks SB307 and SB308, offshore East Malaysia. The Imbok prospect is in shallow water and lies to the east and south of two major producing fields in offshore East Malaysia…
The Norwegian Ministry of Petroleum and Energy has announced that 26 companies have bid for acreage in the 23rd licensing round. The round offers nearly 60 frontier exploration blocks with around half in the exciting new Arctic province of the Norwegian Southeast Barents Sea…
KrisEnergy spudded the Mustika-1 exploration well in the East Java Sea, marking the beginning of its operated Satki production sharing contract (PSC). Image from KrisEnergy. Mustika-1…
Image from IOG. Murphy Oil encountered hydrocarbon pay at its Thunder Bird sidetrack well in the Gulf of Mexico, but has decided to plug and abandon the well, due to the low oil price environment…
Offshore Technical Compliance (OTC) in partnership with Hecate Software has announced the introduction of Greenlight, a digital pressure testing software suite which provides reliable pressure analysis and compliance oversight. Greenlight uses proprietary algorithms to conduct…
Ross Offshore won a global umbrella contract with Petronas Caligari for drilling and well services, from single projects to engineering, well Studies, company representation, auditing, evaluation; to the full scope of total well management of drilling a well…
The Belize government has approved a policy that will legally ban offshore exploration in all seven areas that make up the Belize Barrier Reef Reserve System World Heritage area, according to global heritage organization UNESCO. The decision…
Fluid engineering firm BHR Group has launched a commercially available, open-access downhole test facility, based in Cranfield, UK. The onshore facility is the first of its kind in the UK, providing an easily-accessible, secure, flexible…
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