Tag Archive

Saudi Arabian Drilling Academy’s first graduates

Saudi Arabian Drilling Academy’s first graduates

September 21, 2018 No Comments

The Saudi Arabian Drilling Academy (SADA) held its first graduation for a cohort of 132 students representing 34 drilling and services companies, in response to the oil and gas industry’s rising need for thousands of skilled exploration, drilling and workover talent, and in alignment with Saudi Vision 2030 workforce development aims. The graduation ceremony was […]

West Hercules to drill more exploration wells

West Hercules to drill more exploration wells

September 19, 2018 No Comments

Seadrill Norway Operations Limited has been awarded a contract for drilling two exploration wells for Equinor in the Barents Sea by use of the West Hercules rig. Drilling is scheduled to start in the spring of 2019. The contract includes options for drilling nine additional wells. The rig is primarily assigned for exploration drilling. The […]

TSE , Petrofac joint venture secures services contract in Turkey

TSE , Petrofac joint venture secures services contract in Turkey

July 19, 2018 No Comments

Petrofac, in a joint venture (JV) with Turkish Standards Institution (TSE), has secured a three-year multi-million dollar Project Management Consultancy (PMC) services contract in support of the BOTAŞ North Marmara Underground Gas Storage Expansion Project (Phase III) in Turkey. The existing facility, located approximately 60 kilometres west of Istanbul, has been in operation since 2007 […]

Johan Sverdrup drilling topside sailaway

Johan Sverdrup drilling topside sailaway

May 31, 2018 No Comments

The Johan Sverdrup drilling topside is now sailing from the Aibel yard in Haugesund on its way to the North Sea. The topside is the first, and biggest, structure to be completed and 85-percent fully tested onshore before being installed offshore in a single lift. The 147-metre Johan Sverdrup drilling platform has been a highly […]

Chrysaor & BHGE announce multi‐well development drilling campaign partnership

Chrysaor & BHGE announce multi‐well development drilling campaign partnership

May 3, 2018 No Comments

Chrysaor, the UK oil & gas independent, announced the start of a new drilling campaign in its UK portfolio and a new Service Partnership Contract with Baker Hughes, a GE company (NYSE: BHGE). The contract, expected to run for approximately three years, covers the drilling, completion and subsea tie‐in of development wells on Chrysaor’s operated […]

Pancontinental Announce Rig Contract

Pancontinental Announce Rig Contract

March 8, 2018 No Comments

Pancontinental Oil & Gas NL (“Pancontinental” or “Company”) announced that the PEL 37 Joint Venture has contracted the Ocean Rig Poseidon to drill the Cormorant-1 exploration well located offshore Namibia. In order to drill the well the Joint Venture was required to apply to the Ministry of Mines and Energy in Namibia for permission to […]

Increasing value of Johan Sverdrup

Increasing value of Johan Sverdrup

February 7, 2018 No Comments

Statoil and partners further increase the value of the Johan Sverdrup field as a result of continued high quality in project execution, good drilling efficiency and further maturation of the resource base. The Johan Sverdrup development is now nearly 70% complete, which is according to plan, and investment costs are continuing its positive trend. Phase […]

NPD Awards Aker BP Drilling permit for well 6507/5-8

NPD Awards Aker BP Drilling permit for well 6507/5-8

February 2, 2018 No Comments

The Norwegian Petroleum Directorate (NPD) has granted Aker BP ASA a drilling permit for well 6507/5-8, cf. Section 15 of the Resource Management Regulations. Well 6507/5-8 will be drilled from the Deepsea Stavanger drilling facility at position 65°41′ 58.47″ North and 7°32′ 23.19″ East after concluding the drilling of development well 6406/3-H-2 H for Wintershall […]

Aker BP forms two separate Drilling & Well Alliances

Aker BP forms two separate Drilling & Well Alliances

November 21, 2017 No Comments

Aker BP ASA (Aker BP) has entered into two separate alliance agreements, one with Maersk Drilling and Halliburton for Jack-Ups, and one with Odfjell Drilling and Halliburton for Semi-submersibles. Both alliances are formed under the “one for all, all for one” collaboration model where the partners align around common goals to drive continuous improvement and […]

Canadian Natural  Announces 2018 Budget

Canadian Natural Announces 2018 Budget

November 7, 2017 No Comments

Canadian Natural Resources Limited’s 2018 capital budget is targeted at approximately $4.3 billion, $0.5 billion less than 2017, excluding the Athabasca Oil Sands Project (“AOSP”) acquisition capital. The Company targets to deliver 2018 production growth of approximately 17% at the midpoint of 2018 budget guidance with targeted maintenance capital at approximately $3.0 billion, demonstrating the […]

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