1231 results found for 'paragon'

1231 results found for 'paragon'
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  • Tullow spuds Cormorant well offshore Namibia

    4 September 2018
    Exploration & Production

    Oil company Tullow Oil has started drilling the Cormorant-1 well located in PEL 37 offshore Namibia. 

  • Africa Energy takes interest in Namibian offshore acreage

    13 September 2017
    Business & Finance

    Canadian oil and gas company Africa Energy has acquired a 10 percent interest in a license offshore Namibia.  According to its statement on Wednesday, this is being done through an acquisition of one-third of the shares in a subsidiary of Pancontinental Oil & Gas N.L. that holds a 30% participating interest in Petroleum Exploration Licence […]

  • Parker Drilling sinks deeper into red

    16 February 2017
    Business & Finance, Exploration & Production

    Parker Drilling, a Houston-based provider of offshore and onshore contract drilling services, sank deeper into red during the last quarter of 2016 as its revenues dipped.  The driller on Wednesday reported a net loss of $48.9 million for 4Q 2016, on revenues of $94 million. For comparison, the company’s net loss for the same period […]

  • Noble Corp. swings to loss as revenues tumble

    4 August 2017
    Business & Finance, Exploration & Production

    Offshore driller Noble Corporation fell to a loss for the second quarter of the year dragged down by a significant reduction in revenues caused by a decline in fleet operating days and slashed dayrates in floating rig fleet.  The driller reported a net loss attributable to the company for the second quarter 2017 of $93 […]

  • Dana Petroleum spuds wildcat well offshore Cameroon

    2 March 2016
    Exploration & Production, Project & Tenders

    Dana Petroleum, an oil and gas exploration and production company, has started drilling operations on its high impact exploration well, Manatee-1, on Bakassi West, offshore Cameroon. According to SDX Energy, an oil & gas exploration and production company and partner in the project, the well, which is located in shallow water in the prolific Niger Delta Basin, […]

  • Orca gets $60M loan for Songo Songo drilling

    30 October 2015
    Exploration & Production

    Orca Exploration Group Inc. has secured a loan to finance part of its offshore development project in Tanzania. The company entered the $60 million loan agreement with International Finance Corporation, a member of the World Bank Group. Proceeds of the loan will be used to fund part of an estimated $120 million first phase of a […]

  • Dry hole for Tullow off Namibia

    24 September 2018
    Exploration & Production

    Tullow Oil has encountered non-commercial hydrocarbons at its Cormorant-1 exploration well in the PEL-37 licence, offshore Namibia and the well is being plugged and abandoned.

  • Offshore Energy Conference Review: From industry wide challenges to technology niches

    12 January 2016

    Globally some 250,000 jobs have been cut in the oil and gas industry, Bloomberg recently published, quoting Houston based industry consultant Graves & Co. More than 1,000 rigs now lay idle and the industry has reduced its spending by more than USD 100 billion this year to cope with oil prices that have fallen by more than half since 2014.

  • Tullow preparing for Namibian wildcat after securing rig

    8 March 2018
    Exploration & Production

    Tullow Oil has secured an Ocean Rig-owned drillship and  drilling preparations are well underway for an exploration well offshore Namibia. 

  • Tullow committed to drilling offshore Namibia

    8 April 2016
    Project & Tenders

    Tullow has reportedly committed to drilling an exploration well offshore Namibia by late March 2017. According to Pancontinental Oil & Gas, Tullow has elected to continue as a partner in the Namibian licence PEL 37, and will drill a well, subject to identifying a drillable prospect. Pancontinental claims that, so far, 4 large turbidite Prospects […]

  • Popular offshore industry news in 1Q 2018

    1 January 2019

    The most popular news at Offshore Energy Today during the first quarter of 2018.

  • Schlumberger man to take on Borr Drilling CEO role

    10 August 2020
    Business & Finance, Business Developments & Projects

    Offshore drilling rig owner Borr Drilling has named a new chief executive officer (CEO) of the company.

  • Xodus Group Secures Several Contracts in Gulf of Mexico (USA)

    6 December 2011
    Business & Finance, Operations & Maintenance, Project & Tenders

    International energy consultancy Xodus Group has secured more than $1 million of contracts in the Gulf of Mexico since it opened its office in Houston in February. The company’s recruitment drive continues and it has invested $2 million in a move to new larger premises in Richmond Avenue in the city’s energy corridor. The firm […]

  • Xodus Successful in U.S. Gulf of Mexico

    6 December 2011
    Business & Finance

      International energy consultancy Xodus Group has secured more than $1 million of contracts in the Gulf of Mexico since it opened its office in Houston in February.  The company’s recruitment drive continues and it has invested $2 million in a move to new larger premises in Richmond Avenue in the city’s energy corridor. The […]

  • Australia: Lowrie Constructions Wins Multi-Million Telecom Rooms Contract for PNG LNG Project

    23 December 2010
    Project & Tenders

    An Australian company has beaten off stiff overseas competition to win a multi-million dollar contract to supply specialist telecommunications rooms along the route of the inland pipeline for Papua New Guinea’s US$15 billion liquefied natural gas project. Perth-based Lowrie Constructions Limited will supply at least three separate telecommunications facilities in remote areas of the pipeline […]

  • Hansa, ONE in ‘significant’ gas discovery in North Sea

    29 September 2017
    Exploration & Production, Project & Tenders

    Hansa Hydrocarbons and Oranje-Nassau Energie B.V. (ONE) have encountered what they say is a significant gas discovery in the North Sea.  Hansa Hydrocarbons informed on Tuesday, September 26 that the N05-1 exploration well drilled offshore Netherlands on its GEms licences, had been confirmed as a significant discovery encountering gas in the target basal Rotliegend sandstones. The […]

  • Namibia: Tullow to spud Cormorant prospect next September

    27 November 2017
    Project & Tenders

    Joint venture partners in the PEL 37 license offshore Namibia have agreed to drill an exploration well on the Cormorant prospect with a targeted spud date of September 1, 2018.

  • Ocean Rig drillship mobilized to Tullow’s well off Namibia

    13 June 2018
    Exploration & Production

    An Ocean Rig-owned drillship has been mobilized to Namibia in preparation for the drilling of Tullow Oil’s Cormorant-1 well planned for September.

  • Most watched offshore industry galleries of 2017

    2 January 2018

    Offshore Energy Today is sharing the most popular galleries published on our website during 2017.

  • Popular offshore industry news in 2Q 2018

    1 January 2019

    The most popular news at Offshore Energy Today during the second quarter of 2018.

  • Offshore Namibia seismic results encouraging, Pancontinental says

    23 July 2014
    Business & Finance, Project & Tenders

    Pancontinental Oil and Gas NL has advised that the 3D and 2D seismic surveys carried out earlier in 2014 in EL 0037 offshore Namibia are starting to yield very encouraging results. Initial Assessment of Seismic Data Initial mapping has confirmed at least four main prospects in the 3D area – the Albatross, Gannett, Petrel and Seagull Prospects. The Prospects […]

  • Borr Drilling: No long-term rig deals at breakeven rates

    31 May 2018
    Exploration & Production

    Offshore drilling company Borr Drilling, which “has taken the jack-up rig hoarding to a new level,” after several recent acquisitions, is now in talks to find work for some of its drilling units.

  • MSC Cruises to Receive ‘7 Golden Pearls’ Award

    20 March 2013
    Business & Finance

    MSC Cruises is committed to making green choices that keep the oceans blue. The company’s energy efficiency matches the industry-leading ecoship and cleanship credentials and its green efforts have been recognized with a string of environmental certifications, alongside awards praising its creative interior design, comfort, cuisine and friendly service. Once again, the latest flagship in […]

  • Offshore Safety Directive: More Paperwork or More Clarity?

    14 October 2015
    Business & Finance

    Following one of the most catastrophic environmental disasters in 2010, the Deepwater Horizon oil spill in the Gulf of Mexico, a growing pressure from the public drove Brussels to adopt the European Union Safety Directive in June 2013. The European member states were given until the 19th of July 2015 to transpose the provisions into […]

  • Offshore Safety Directive: More Paperwork or More Clarity?

    14 October 2015
    Business & Finance

    Following one of the most catastrophic environmental disasters in 2010, the Deepwater Horizon oil spill in the Gulf of Mexico, a growing pressure from the public drove Brussels to adopt the European Union Safety Directive in June 2013. The European member states were given until the 19th of July 2015 to transpose the provisions into […]