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Month: January 2019

JDC lands contract with Medco for work in Indonesia

January 24, 2019
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Japan Drilling Co., Ltd. (JDC) is pleased to announce that its subsidiary company “PT. Japan Drilling Indonesia†together with a shipping company in Indonesia has entered into a drilling contract with Medco E&P Natuna Ltd. for the provision of a semi-submersible drilling rig “HAKURYU-5â€. The main terms of the drilling contract are as follows: 1. Operating Area： Offshore Natuna, Indoensia 2.

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“Shale Slowing Down†says Bloomberg

January 24, 2019
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(Bloomberg) Cracks are emerging in the U.S. oil machine. Shale oil’s relentless production growth is easing, with growth next month set to be the weakest since May, according to the Energy Information Administration. Increases in the Permian basin, the largest area, will also be the slowest in nine months. That would be a boon for OPEC, which is trying

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Diamond grabs up additional work for the Monarch

January 23, 2019
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Cooper reported in their quarterly earnings report published today that planning and preparations are underway for the drilling of exploration wells using the Diamond Offshore rig Ocean Monarch, which has been jointly contracted with Esso Australia for a campaign commencing in February 2019. Annie-1 and Elanora-1 are expected to be drilled in the June quarter 2019 following

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Shelf lands a 3 year contract with ONGC

January 23, 2019
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Dubai, January 23, 2019 – Shelf Drilling, Ltd. (“Shelf Drilling†or the “Companyâ€, OSE: SHLF) announced today that it has received an award for a three-year contract for the Ron Tappmeyer jack-up rig with Oil and Natural Gas Corporation (ONGC) for operations in the Mumbai High, offshore India. The planned start-up of operations is Q2 2019. Press release

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What is a DUC?

January 23, 2019
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    Been tons of chatter over the last few weeks about DUC(S) so lets have a quick rundown on what they are. A DUC is by definition: a well that has been drilled and has not yet been completed. As you can imagine that there are many organizations and smart people out there trying to see how these “DUC(S)†play

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BHP hits oil on Trion appraisal

January 22, 2019
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BHP Billiton said Jan. 22 the Trion-2DEL appraisal well, the first well drilled by an international operator in deep water offshore Mexico, struck oil. The well, located in Block AE-0093 in the Gulf of Mexico (GoM), was spudded on Nov. 15 in a water depth of 2,379 m (7,805 ft). BHP said a downdip sidetrack is currently being drilled to

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Turkish straits backed up, estimated 39MMbo in holding pattern

January 22, 2019
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(Bloomberg) Oil tankers exporting Kazakh and Russian crude from ports in the Black Sea are contending with spiraling delays when navigating Turkey’s key shipping straits, stalling the delivery of millions of bbl of supplies to refineries on the Mediterranean Sea and beyond. The lengthening queues to pass through the Bosphorus and Dardanelles straits are due to a change

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Confident oil industry set to ramp up spending in 2019

January 22, 2019
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(Bloomberg) After years of gloom, the oil industry’s out of its slump. Three-quarters of senior oil and gas professionals surveyed by energy and maritime services company DNV GL AS say they are optimistic about the sector’s growth in 2019, their sunniest outlook since before the crude-price collapse in 2014. Confidence across the energy industry is now where it was in

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Pipeline hit by bomb attack over the weekend

January 21, 2019
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The pipeline transports 85,000 barrels of crude per day to the Pacific Ocean port of Tumaco. According to a report from Reuters, they stated that on Sunday the Colombian state-run oil company Ecopetrol reported a bomb attack on the Transandino pipeline caused spillage in southwestern Narino close to the border with Ecuador. The pipeline was not operating on Saturday

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Ensign grabs up drilling contract in Australia

January 21, 2019
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A press release dated for today stated that drilling contractor “Ensign Australia Pty. Ltd. has been contracted for hydraulic fracturing stimulation and horizontal drilling services. Photo Here Check out our other current stories! COSL Hunter signs up for another year in Mexico OutPut and Rig Lynx Launch Subscription Service Through Patreon Weekly Rig Count: Canada up for the 2nd

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