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AWDR – Operational update for WilPhoenix

June 17, 2016

Awilco Drilling PLC and Apache North Sea Ltd. have agreed that WilPhoenix should leave the yard in Hartlepool around 22 June 2016 and resume operations at Apache’s first drilling location around 26th June. A further update will be released once drilling operations have been resumed. WilPhoenix is one of Awilco Drilling’s two enhanced pacesetter semi-submersibles… Continue Reading »

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Saipem awarded new drilling contracts worth approximately €150 million

June 15, 2016

Saipem has been awarded new drilling contracts and extensions to existing contracts in Portugal, Norway, Morocco, Saudi Arabia, Kazakhstan and Latin America, with a cumulative value of approximately Euro 150 million. Saipem has been awarded by Eni Portugal B.V. a contract for the utilization of the Saipem 12000, which will operate offshore Portugal. The work… Continue Reading »

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Anadarko Strikes Oil Off Ivory Coast

May 10, 2016

The U.S. independent oil company Anadarko has hit net pay at its CI-103 block, offshore Ivory Coast. In its quarterly results presentation on Monday, the company revealed it struck approximately 100 net feet of vertical pay in the company’s first horizontal deepwater well at Paon-5A, offshore the West African country. The company is using the… Continue Reading »

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Devon Ready to Boost Drilling, Spending If Oil Prices Keep Climbing

May 8, 2016

Devon Energy Corp will ramp up drilling and spending if oil prices continue to recover, executives said on Wednesday, joining a growing list of companies expecting an increase in activity as the commodity price picture improves. The Oklahoma City-based oil and gas driller could start adding incremental drilling activity if oil prices hit $50 a… Continue Reading »

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OTC 2016 Slideshow Features An Offering for Everyone

May 7, 2016

Day Two of the international gathering of the world’s most serious offshore drilling players did not disappoint as the hall of the NRG Center was filled to the brim with enthusiasts. In keeping with the theme of OTC 2016: Endless Innovation, the Bureau of Safety and Environmental Enforcement presented their annual report to a group… Continue Reading »

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Mermaid CFO Leaves

May 4, 2016

Mermaid Maritime, a provider of subsea and drilling services to the offshore oil and gas industry, notified that Nha-Vinh Julien Nguyen has resigned his position as the company’s chief financial officer. Reportedly, Nguyen leaves in order to pursue another career opportunity in a different industry. Nguyen, was appointed as CFO in Januray 2016. His resignation will… Continue Reading »

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Falcon Outlines Drilling Plans for its Australia’s Beetaloo Basin Assets

April 29, 2016

Ireland’s Falcon Oil & Gas Ltd. provided Thursday the following technical and operational update for its operations in the Beetaloo Basin, Northern Territory, Australia. 2015 Drilling Program – Technical Results The results from the in-depth shale evaluation program and petrophysical analysis of the three wells drilled in 2015 confirm the following: The Middle Velkerri and… Continue Reading »

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Big Oil’s `Rock Star’ in Congress Runs Rig Tours for Support

April 24, 2016

Congressman Steve Scalise leaned over the railing of the Chevron Corp. oil platform floating in inky blue waters 250 miles off the Louisiana coast and marveled to a cluster of lawmakers that it produces 75,000 barrels of crude every day. Scalise is one of the oil industry’s busiest tour guides in Congress. Eight times, he’s lured… Continue Reading »

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