Oilfield services company Archer is to cut staff and close some bases as part of a restructuring plan. The firm, which provides drilling and well services, said to accelerate margin improvements and adapt to the “highly competitive North American land market”…
Prospector Offshore Drilling's new jack-up drilling rig, Prospector 1, arrived in the Cromarty Firth, Scotland today, after a two-month journey from its construction shipyard in Dalian, China. The jack-up features an advanced, fully-automated…
Baker Hughes drilling rig count for 22 Nov 2013 shows 57 rigs drilling off the US, including two rigs each off California and Florida, three off Texas, and 50 off Louisiana. This is three fewer than last week, but four more rigs drilling offshore than a year ago…
Keppel has won another contract to build a KFELS Super A Class harsh encironment jackup rig for a subsudiary of Ensco plc. The contract, worth about US$265 million, will see FELS Limited (Keppel FELS), part of Keppel Offshore & Marine (Keppel O&M)…
60th Annual Census: North American rig fleet gains while activity level drops. In the U.S. and Canada, additions to fleets increased availability, while activity decreased. The global offshore mobile fleet posted another modest gain, with 42 newbuilds entering service in the last year…
Petrobras has completed drilling a well in the Franco area (Santos Basin pre-salt), included in the Right's Transfer agreement. Known as the 3-BRSA-1184-RJS (3-RJS-723), the well is located at a water depth of 2011m, some 200 km from the city of Rio de Janeiro and 7…
Statoil accepted an NKR 10MM (US$ 1.64MM) fine after it was ruled that in May 2011, the company improperly sent 180cu m of wash water with chemicals, or hazardous waste, from the Oseberg C platform to the Sture terminal. Statoil maintains…
BP announced that it increased its fleet on Tuesday, announcing that it added two drilling rigs to the deepwater Gulf of Mexico (GOM). BP’s count now stands at nine rigs - a company record. Following the end of its year-long moratorium imposed in 2010…
Natural gas from future multi-train LNG developments in Tanzania could now be destined for Asian markets. Singapore-based investor Pavilion Energy is to take a 20% in the joint venture partnership looking to develop natural gas finds in Blocks 1…
Norwegian private equity group HitecVision AS is to invest US$92.6million in Singapore-based Energy Drilling Pte Ltd. The deal will see Hitecvision take a majority stake in the company and it will ensure delivery of Energy Drilling Pte…
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…
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