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Weatherford announces world’s first 12.25 one trip casing sidetrack

October 15, 2020
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Weatherford International plc announced its Shallow Angle QuickCut™ System successfully achieved the industry's first 12 ¼-in. casing sidetrack, delivering a 22-ft. window in a single trip for an ultra-deepwater well in the Gulf of Mexico. "The operator contacted Weatherford to perform a Gulf of Mexico ultra-deepwater exit in a 12 ¼-in. heavy wall casing," said Chip Miller, Vice President, North America Geozone, Weatherford. "This successful

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Nigeria aims to increase reserves to 40 billion barrels by 2025

October 14, 2020
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Nigeria’s Department of Petroleum Resources has announced that it aims to increase the country’s oil reserves and condensates substantially to 40 billion barrels by 2025. According to Sarki Auwalu, Director of the Department of Petroleum Resources, the government will achieve this target through the 57 marginal fields soon to be awarded to investors – which will see an

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Borr brings in new CFO

October 14, 2020
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Borr Drilling Limited is pleased to announce the appointment of Christoph Bausch as its new Chief Financial Officer, replacing Mr. Francis Millet with effect from 1 November 2020.   Patrick Schorn, Chief Executive Officer, commented: “I am pleased to announce Christoph as the new Chief Financial Officer of Borr Drilling. Christoph has been Chief Financial Officer of NYSE and OSE

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Petrobras awards BOP tethering contract to Oceaneering

October 14, 2020
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Oceaneering International, Inc. is proud to announce that the company has been awarded a BOP tethering services contract offshore Brazil from Petrobras. The contract duration is one-year with the option to extend for an additional year. The scope of work includes data acquisition and real-time riser analysis for dynamic positioning rig operations for up to seven wells in

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KCA Deutag grabs $150m of land drilling contracts in Oman

October 13, 2020
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Global drilling, engineering and technology provider, KCA Deutag ("KCAD"), has been awarded contracts worth more than $150m in Oman, from the country's leading exploration and production companies. The first award covers the provision of expert manpower for customer-owned rigs, hoists and workshops. In total, KCAD will provide approximately 420 people in delivering this contract. This is a 5-year

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Seadrill updates on restructuring process

October 13, 2020
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Certain of the new secured noteholders (the “NSNs”) approached Seadrill Limited (the “Company”) to discuss the possibility of extinguishing the outstanding NSNs in exchange for certain secured collateral. The attached slides (the “Cleansing Materials”) detail certain proposals and counter-proposals between the Company and the NSNs since August 30 2020. Discussions between the Company and the NSNs remain

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Germany warns Turkey against continued drilling in controversial sea areas

October 13, 2020
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Turkey should refrain from provocation in a gas dispute in the eastern Mediterranean, German Foreign Minister Heiko Maas said on Tuesday, adding Germany stood in solidarity with Cyprus and Greece as EU partners. “Ankara must end the interplay between detente and provocation if the government is interested in talks - as it has repeatedly affirmed,” Maas said in

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Australian oil and gas company Cooper Energy the first to go net zero

October 12, 2020
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Cooper Energy will become the first Australian oil and gas company to completely offset its greenhouse gas emissions, with 10,022 tons to be offset this financial year. The company, which provides about 12 per cent of Victoria's gas from its offshore wells, will offset the emissions it generates in its production processes by investing in a planting project

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