UK’s Hurricane Energy has conditionally raised funds for its exploration campaign in the North Sea, west of Shetland Islands. The company on Monday said that £52.1 million would be raised through a proposed issue of 347,245,265 New Ordinary Shares at a price of 15 pence per share, subject to shareho
Oil and gas company Cairn Energy has spudded the fourth exploration well in the ongoing evaluation program offshore Senegal, testing the SNE oil discovery. According to Far Ltd, a partner in the project, the SNE-4 well was spudded during the weekend using the Ocean Rig Athena drillship. The well is
U.S offshore rig numbers rose this past week, Baker Hughes said in its Weekly Rig Count report posted on Friday. BHI Rig Count: U.S. -3 to 440 rigs U.S. Rig Count is down 3 rigs from last week to 440, with oil rigs down 3 to 351, and gas rigs remain unchanged at 89. U.S. Rig […]
The Obama administration has announced final well control regulations with the aim to reduce the risk of an offshore oil or gas blowout. According to statement issued by the Department of Interior, the regulations represent one of the most significant safety and environmental protection reforms the
China’s COSL Drilling has obtained a contract extension for one of its jack-up drilling rigs. The driller said that the Hai Yang Shi You 937 jack-up rig will continue working for Indonesian oil company Saka. COSL said that the Indonesian state-owned offshore oil exploration and development company h
Offshore drilling contractor Noble Corporation has received a two-year contract extension for a jack-up drilling rig, stacked two semi-subs, and reduced dayrates for two drillships. In its latest fleet status report, Noble said that the contract for the jack-up drilling rig Noble Hans Deul was exten
Offshore drilling contractor Sevan Drilling and China’s Cosco shipyard have agreed to exercise the second six-month option to delay the delivery of Sevan’s newbuild rig, the Sevan Developer. Sevan Drilling and Cosco have agreed to exercise the second six-month option to extend the deferral agreement
Chinese shipyard CIMC Raffles has delivered its latest jack-up drilling rig – the Kan Tan Qi Hao. The rig was delivered to Sinopec Shanghai Offshore Petroleum Bureau on Tuesday, by Yantai CIMC Raffles yard. According to CIMC Raffles, the rig, classed by ABS, can operate a minus 20 Celsius temperatur
Less then a week before the six anniversary of the 2010 Deepwater Horizon blowout, the Obama administration is reportedly set to release a regulation aiming to seek a more stringent design for well control equipment. According to reports by Bloomberg, AP, and Reuters, all of which cited an unnamed e
The Norwegian Petroleum Directorate has granted Det norske oljeselskap another drilling permit for an appraisal well on the Ivar Aasen field, offshore Norway. According to the directorate, the well 16/1-26 A will be drilled from Maersk Drilling’s jack-up rig Maersk Interceptor in production licence
An appeals court in London has issued a final ruling in a case between the Irish oil and gas exploration company Providence, and Transocean, one of the world’s largest offshore drilling contractors. The dispute began in 2012 when Transocean laid a claim for Providence to pay $19 million in outstandi
Following a report earlier today on Statoil’s exploration drilling efforts in the Norwegian sector of the North Sea, the company has been granted a drilling permit for two other wells in the same North Sea permit. The Norwegian Petroleum Directorate, a government agency whose task is to manage the o
The Norwegian Petroleum Directorate (NPD) has granted a drilling permit to Wintershall for a wildcat well in the North Sea. Wintershall Norge, Wintershall’s Norwegian subsidiary, will use the Borgland Dolphin drilling rig to drill the well 35/8-6 A located in production license 248. According to the
Saipem’s semi-submersible drilling rig Scarabeo 5, built at the Fincantieri Shipyard in Italy in 1990, will have to wait some more before it starts working for Statoil again. Namely, Norwegian oil and gas company Statoil reportedly decided to prolong a suspension period for Saipem’s semi-sub drillin
