Maersk Drilling has posted an increase in profits in 2Q to US$218 million ($117m in 2014) despite three rigs being idle in the period. Maersk said the result was thanks to strong operational performance, fleet growth, general cost savings and its 2014 Venezuelan business divestment…
Petronas subsidiary PSE Seven Heads' Midleton well offshore Ireland has failed to discover commercial quantities of gas, according to partner Landsdowne Oil & Gas. PSE Seven Heads, a subsidiary of Petronas' PSE Kinsale Energy reached target depth in the well…
The Norway Petroleum Safety Authority (PSA) has granted Lundin Norway consent to drill exploration well 7220/6-2 in the Barents Sea in a prospect called Neiden. Lundin is the operator for production license 609 in block 7220/6 in the Barents Sea…
Norwegian oil firm Statoil has marked a milestone on its giant Johan Sverdrup development offshore Norway - the installation of the project's 280-tonne pre-drilling template. Heerema Marine Contractors’ crane vessel Thialf completed the installation of the 32m-long…
The Norwegian Petroleum Directorate (NPD) granted Statoil a drilling permit for well 16/7-11 in the North Sea. Located in Block 16/7, the well will be drilled from the Songa Trym drilling facility, to the east of the Sleipner Øst field in the central sector of the North Sea…
Quadrant Energy Australia’s Levitt-1 exploration offshore Western Australia will be plugged and abandoned after no hydrocarbon shows were found. Map of Levitt-1. From Karoon. Levitt-1…
Inpex's Spari-1 well in Block 31 offshore Suriname is being plugged and abandoned after no significant hydrocarbon shows were found, according to partner Tullow Oil. The well, drilled to 3830m total depth in 52m water depth, found presence of the targeted Campanian turbidite sands…
Production has restarted on the Kwane Nkrumah FPSO (pictured) on Tullow Oil's giant Jubilee field offshore Ghana ahead of expectations. The FPSO had suffered issues with its gas compressor late last month, resulting in a gas export outage from 3 July…
E.ON E&P Norge's exploration well 6507/3-11 S on the Salander prospect east of the Skarv field in the Norwegian Sea was dry, says the Norwegian Petroleum Directorate. The primary and secondary exploration targets for the well in PL650…
Lundin Petroleum is considering a joint tie-back development of its Luno II and new Luno II North discoveries after exploration results showed they are in seperate systems. The latest exploration well 16/4-9 S on the Luno II North prospect found 12-26 MMboe gross contingent resource…
Oil and gas operators will have to approach the challenge of decommissioning in new ways if the goal of maximizing economic recovery from the UK Continental Shelf (UKCS) is to be achieved, according to a report from professional services firm KPMG…
The drillship Deepsea Metro I has started drilling operations in Vietnam under its contract with VietGazprom, Odfjell Drilling announced. The contract has a duration of approximately 20 weeks and an estimated contract value of US$40 million…
Freeport-McMoRan's MZ-1 deepwater exploration well offshore Morocco has reached total depth without finding oil, according to partner Pura Vida Energy. The well, on the Mazagan permit, was drilled through the three prognosed Jurassic…
Denmark's Maersk Drilling has been awarded a new contract for the jackup rig Mærsk Giant with Danish energy utility DONG Energy. The firm contract covers 150 days of work on the Nini and Siri field in the Danish part of the North Sea…
ExxonMobil subsidiary Esso Australia has successfully completed its Turrum field drilling program, drilling five new wells as part of its ongoing investment in Bass Strait to develop new gas supplies. The AUD$335 million investment involved…
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