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 »
Nearly 300 employees on oil and gas drilling rigs off Norway could go on strike unless a wage deal is agreed by June 22, the country’s state-appointed mediator said on Thursday. Rowan Companies’ Viking and Gorilla rigs will be affected, one of the unions involved in the wage talks said. It was not clear if… Continue Reading »
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 »
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 »
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 »
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 »
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 »
The downturn in the oil price that began in late 2014 prompted companies across the world to cut large numbers of their direct employees as well as contractors. Some estimates put the number of oil and gas jobs lost in 2015 alone as high as a quarter of a million. Prospects for many people still… Continue Reading »
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 »
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 »
