Completions
News
November 18, 2014
STOCKHOLM, Sweden -- Lundin Petroleum has completed the drilling of Kitabu-1 well located in blocks SB307/SB308, offshore Sabah, Malaysia and found it to be a dry hole.
News
November 18, 2014
ADELAIDE, Australia -- Rampart Energy has secured the rights to an 80% working interest, as operator, in the newly released exploration permit WA-507-P, located within the prolific Northern Carnarvon basin, off the Northwest Shelf of Australia.
News
November 17, 2014
LAGOS, Nigeria -- After nearly four years of planning and investing more than $4.5 million in facilities, recruitment and training, GE Oil & Gas has added the capability to fabricate subsea wellheads in Nigeria for its oil and gas customers.
News
November 14, 2014
THE NETHERLANDS -- Acquit Business Development (ABD) with Well Engineering Partners (WEP) have developed a High Strength Composite Casing (HSCC) system. The 7”HSCC has been successfully installed covering the oil reservoir from 917 to 5015 in a 5123 m well, which immediately resulted in the world record of deepest HSCC application.
News
November 14, 2014
MIDDLESEX, United Kindgom -- Ikon Science's RokDoc has launched its latest module RokDoc GeoMechanics, which will help oil companies interested in choosing smart well locations and reducing the possibility of borehole failure.
News
November 13, 2014
CALGARY, Alberta -- Serinus Energy has announced that the Moftinu-1001 exploration well, located in the Satu Mare Concession, in northwest Romania has commenced drilling.
News
November 12, 2014
COPENHAGEN, Denmark (Bloomberg) -- Nils Smedegaard Andersen, the CEO of A.P. Moeller-Maersk A/S, says today’s oil price isn’t a problem for companies with the scope to continue cutting costs. “It’s more difficult to make money on oil if the price is $80/bbl than when it was $120/bbl,” he said Nov. 11 in a phone interview. “But historically $80 is a great price so it’s a matter of costs having to come down.”
News
November 12, 2014
DUBAI -- Lamprell has received a new contract award from National Drilling Company (NDC), Abu Dhabi, for the construction and delivery of two further high specification jackup drilling rigs of a Super 116E (Enhanced) Class. This contract award is valued at approximately $365 million.
News
November 12, 2014
ABU DHABI, United Arab Emirates -- Mubadala Petroleum has started production at its operated Manora oil field, located within the G1/48 concession, approximately 80 km offshore in 44 m of water, in the northern Gulf of Thailand.
News
November 11, 2014
ABU DHABI -- Tercel Oilfield Products has announced the release of its new Premium series Roller Cone Drill Bits. Tercel’s premium bearing roller cone bit line has precision machined bearing races that are matched to provide the optimum fit and finish for extended operations, even with parameters of higher RPM and heavy WOB (Weight on Bit). The bearings are designed and machined for reliability and consistency.
News
November 11, 2014
HOUSTON – Halcón Resources is to nearly half the number of rigs it planned to run next year as a result of the slide in oil prices.
News
November 11, 2014
HOUSTON -- Rowan Companies has announced the appointment of Stephen M. Butz as executive V.P., CFO and Treasurer, effective Dec. 1, 2014. Butz joins the company from Hercules Offshore, where for the past nine years he has served in various corporate development, treasury and finance functions, most recently as executive V.P. and CFO.
News
November 10, 2014
LIMASSOL, Cyprus -- Songa Offshore, a Cyprus-based drilling contractor, is expecting reduced demand in the Norwegian floater market next year.
News
November 10, 2014
ZUG, Switzerland (Bloomberg) -- Transocean Ltd., the largest owner of deepwater drilling rigs, reported a third-quarter loss of $6.12 per share after taking one-time charges of $2.57 billion related to the value of its fleet. Transocean delayed publishing its earnings last week after announcing the writedowns, prompted by a slowdown in oil exploration after this year’s decline in crude prices.
News
November 07, 2014
EDMONTON -- Wavefront Technology Solutions has entered into an agreement to provide its Powerwave technology to a top-tier service supplier for its operations in the United Arab Emirates.
News
November 07, 2014
HAMILTON, Bermuda (Bloomberg) -- North Atlantic Drilling Ltd., the rig company controlled by billionaire John Fredriksen, will extend a deadline to complete deals with Russia’s OAO Rosneft that include $4.25 billion in contracts amid concern over trade sanctions, a person familiar with discussions said. The deadline for breaking the accords will be extended from Nov. 10, said the person, asking not to be named because the talks are private. North Atlantic, a unit of Seadrill Ltd., is considering alternative assignments for two rigs due to start operating for Rosneft next year, the person said.
News
November 07, 2014
NORFOLK, United Kindgom -- Claxton Engineering, an Acteon company, has developed a new conductor cementing support system (CCSS) that has typically saved 12 to 18 hours of rig time per conductor waiting for cement to cure.
News
November 06, 2014
HOUSTON -- Stress Engineering Services, Inc. has acquired Efird Corrosion International, Inc., a technical service and research company specializing in corrosion testing and analysis.
News
November 06, 2014
OKLAHOMA CITY, Oklahoma – The recent downdraft in oil prices is unsustainable given the lack of fundamental changes in supply and demand, Continental Resources’ Harold Hamm has said. Oil is currently trading in a bear market amid surging U.S. production, and, so far, OPEC’s leading producers have resisted calls to curb production.
News
November 06, 2014
LUFKIN, Texas -- GE Oil & Gas will invest $60 million in expanding and modernizing its foundry operations in Lufkin, Texas. The Lufkin foundry produces industry-leading iron castings used to make Lufkin-branded beam pumping units and power transmission equipment.
News
November 06, 2014
STAVANGER, Norway-- Statoil has decided to suspend two new rigs, Transocean Spitsbergen and Songa Trym, due to overcapacity in the rig portfolio, and unsuccessful attempts to mature alternative assignments. The rigs will be suspended through 2014, a period which might be extended.
