Petroceltic International has said its Cobalcescu South-1 exploration well in the Romanian Black Sea will be plugged and abandoned as non-commercial. The well was designed to test a prospect located in the southwestern part of the Est Cobalcescu (Block EX-28…
Lundin Norway AS (Lundin Norway) has started drilling appraisal well 16/5-5 in production license 410. The well will target the Luno II South structure, 9km southeast of the Luno II discovery well 16/4-6S in PL359, in the Norwegian sector of the North Sea…
Statoil has made an oil discovery on the Snilehorn prospect in Norwegian Sea. Oil was found in discovery well 6407/8-6 and sidetrack 6407/8-6A. Image: The West Navigator drillship, which has started drilling on the Novus prospect…
Through its development in the gaming and defense sectors, gaming technology is being adopted by various industries, including oil and gas. Elaine Maslin reports. The gaming industry has become big business - bigger than the movie business…
During Weatherford's earnings conference call on Nov. 4, Chief Administrative Officer Dharmesh Mehta discussed the company's upcoming divestment plans. 'During Q3, we made good progress on our old oil divestiture program. The following…
Africa-focused Lekoil is to raise US$100 million funding through a placing with Mirabaud Securities LLP for drilling offshore Nigeria. The cash will be used to complete drilling and testing on the Ogo-1 well and Ogo-1 side track; the future development of the OML113 licence offshore Nigeria…
Two countries – Malaysia and Indonesia– hold nearly two-thirds of the region’s reserves, and national oil companies outstrip international oil companies in regional capex. According to the Infield Systems Offshore Asia Oil & Gas Market Report to 2017…
Newpark Drilling Fluids celebrated the opening of its Technology Center in Katy, Texas on Oct. 30, located close to corporate headquarters. The project has been under development for nine months. Newpark President Bruce Smith said he…
A framework agreement to supply drilling, wells and petroleum technology resources has been awarded to OPC by Statoil ASA. Starting in January 2014, the five year contract runs until 2018, and has options to extend until 2023. The…
Cairn Energy PLC entered into a farm-in agreement with Kosmos Energy and the Moroccan National Oil Company (ONHYM) for a 20% working interest (WI) in an exploration block offshore North West Africa that covers the Cap Boujdour Contract Area…
Eni successfully completed the Evans Shoal North-1 appraisal well in the Evans Shoal gas field in the Timor Sea, Australia. The field is located offshore in the NT/P48 exploration permit in the north Bonaparte Basin, approximately 300km northwest of Darwin…
Standard & Poors said that Transocean Ltd. (RIG) would replace computer maker Dell Inc. (DELL) in the S&P 500 index, effective 28 Oct 2013. The S&P 500 index one of the most commonly followed stock market (equity) indices and it is based…
Eni's Vietnam subisidiary, Eni Vietnam BV, has spud the Ca Ngu-1 exploration well off central Vietnam, partner KrisEnergy announced. The Ca Ngu-1 well, which is being drilled by the Songa Mercur semisubmersible rig, is located in the Gulf of Tonkin in Block 120…
The Wintershall-operated Asha East well offshore Norway has come up dry, partner Bridge Energy announced. The well will be plugged and abandoned due to no signs of movable hydrocarbons, Bridge said. The primary target in Asha East…
Repsol Exploration Norge AS, operator of production license (PL) 541, has completed drilling of wildcat well 4/4-1, located about 60km east of the Trym field in the southern part of the North Sea. The well is dry. The objective of the…
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