Rowan Companies plc announced Monday it has secured a new contract for the jackup rig Ralph Coffman and a contract extension for another jackup Joe Douglas.The Ralph Coffman, a 240-C Class harsh environment jack-up rig, has been awarded a 180…
Geosciences company Benthic completed field work for Esso Exploration and Production Guyana Ltd. for an offshore geotechnical investigation and environmental baseline survey in the Stabroeck and Canje blocks offshore Guyana.Benthic said it executed…
Oil and gas producer Hess Corp and Conocophillips both expect production for 2019 to be higher than this year even as they spend roughly the same amount of money on exploration, the companies said on Monday.Investors have been urging U.S. oil…
Guyana has put planned oil auctions on hold as the impoverished South American country works to establish a Department of Energy to oversee the energy boom, Minister of State Joseph Harmon said on Monday.Since 1999, Guyana has awarded a group…
SBM Offshore signed a contract Wednesday for a second hull in its planned series of Fast4Ward floating production, storage and offloading units (FPSO) with Chinese shipyard Shanghai Waigaoqiao Shipbuilding and Offshore Co., Ltd. (SWS).The order…
The subsea and offshore service provider TechnipFMC has been awarded a contract by an affiliate of ExxonMobil Corporation for the engineering of the subsea system for the proposed Liza Phase 2 project.Following engineering and subject to requisite government approvals…
Total says has exercised option to buy a 25 pct interest in Orinduik exploration block offshore Guyana.* Orinduik operated by Tullow Oil off Guyana contains an estimated 3 billion barrels of oil and gas, its partner Eco Atlantic said on Tuesday…
Battered oil and gas drilling companies are finally seeing piecemeal signs that the prices they charge for offshore rigs are bottoming out with Brent crude selling for more than $80 a barrel and some are forecasting a full turn in the market by 2020…
U.S. headquartered oil and gas company Kosmos Energy said on Wednesday it will abandon an offshore well in Suriname because it failed to find oil, the second well it plugged in the region in recent months for the same reason.Kosmos said the…
Oil and gas major Total said on Tuesday it expected deepwater oil and gas operations to make a strong contribution to its output and cash flow thanks to major developments in the West Africa's Gulf of Guinea region, Brazil and U.S. Gulf area…
Offshore oil driller Transocean Ltd said on Tuesday it would buy peer Ocean Rig UDW Inc in a $2.7 billion cash-and-stock deal, its second major acquisition this year as the company bets on a recovery in the offshore sector.The acquisition signals new optimism for offshore drillers…
ExxonMobil and the Hess Corporation announced an eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block. The companies said approximately 78 meters of high-quality…
The sixth time seems to be the charm for Exxon and its partners at the Stabroek block offshore Guyana. The supermajor is celebrating another large find in South American waters, the company announced today (5 January). Stena Carron drillship…
Tullow Oil has picked up six licenses offshore Peru, spanning 28,000sq km, the UK-based firm confirmed today (10 January). Map of Peru blocks. Image from Tullow. Following negotiations with Perupetro…
Taking a look back on the year that was 2017, our OEdigital.com website's most popular stories pretty much tell everything you need to know. While the industry is still adjusting to the downturn, the bright spots are few, but significant…
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