First of Ophir’s two exploration wells in its Gulf of Thailand drilling campaign has failed to unearth oil and gas. The company on Monday said it completed operations on the G4/50-10 exploration well that was testing the Soy Siam prospect. According to Ophir, the well reached a total depth of 1,627
Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website, according to which the U.S. offshore rig count has dropped from last week’s count. BHI Rig Count: U.S. -12 to 775 rigs U.S. Rig Count is down 12 rigs from last week to 775, with oil rigs down 16 to 578,
Primeline Energy Holdings Inc., an oil and gas exploration and production company, has plugged and abandoned one of its East China Sea wells as the well is not a commercial discovery. The LS23-1-1 well was the first of two exploration wells in Primeline’s current campaign in the East China Sea. The
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
Malaysian company UMW Oil & Gas will provide a jack-up drilling rig to its compatriot oil and gas major Petronas. The jack-up rig assigned for the contract is UMW Naga 7. It will be provided by UMW Offshore Drilling Sdn Bhd, a subsidiary of UMW-OG-owned UMW Malaysian Ventures Sdn Bhd. According to t
Noble Energy, a U.S.-based independent oil company, is abandoning an exploration well offshore the Falkland Islands, citing disappointing results. According to the company, the Humpback well offshore the Falkland Islands reached total depth and is being plugged and abandoned. Humpback was drilled in
Pacific Drilling, an offshore drilling contractor, has cancelled the construction contract for ultra-deepwater drillship Pacific Zonda with the South Korean shipyard, Samsung Heavy Industries (SHI). According to the offshore driller, the contract was cancelled due to the failure of the South Korean
Fairfield Energy, a UK oil company, has sold its interest in the producing Clipper South gas field, in the UK North Sea, to a petrochemicals giant, INEOS. The sale of 25% interest in the Clipper South field was done through the sale of Fairfield’s two 100% owned subsidiaries, Fairfield Acer Limited
Statoil on Wednesday announced it would delay the start of production from the Mariner field, in the UK North Sea, from 2017 to the second half of 2018. In addition, the Norwegian oil and gas giant said on Wednesday, in its 3Q 2015 results report, it would delay production start from the Aasta Hanst
Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has delivered ARABDRILL 70, a KFELS B Class jack-up rig, to Arabian Drilling Company (ADC). According to Keppel, ARABDRILL 70 is the fourth KFELS B Class jack-up rig to work for ADC and it was completed three days ahead
Transocean, an offshore drilling contractor, has stacked several of its drilling rigs and has received a contract award for one of its jack-up rigs in the United Arab Emirates. According to Transocean’s October fleet status report, the company’s high-spec jack-up drilling rig, GSF Constellation I, h
South Korean rig builder Hyundai Heavy Industries (HHI) on Monday reported a net loss of 451.4 billion Korean won ($398 million) for the third quarter of 2015, hurt by delays in offshore projects. The company’s sales fell to 10.9 trillion Korean Won ($9.6 billion). On a quarter-on-quarter basis, s
Fred. Olsen Energy has terminated a newbuilding contract with Hyundai Heavy Industries (HHI) for the construction of a semi-submersible drilling rig, the Bollsta Dolphin, as a result of delay in delivery of the rig. The rig construction contract provides that on termination Bollsta will be entitled
Norwegian oil and gas giant Statoil has been hit by yet another oil spill at its Statfjord field, in the Norwegian sector of the North Sea. According to Reuters, the oil spill occurred on Sunday at Statfjord A platform with no impact on production from the platform. The news organization quoted Stat
