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Odfjell Drilling shares on the rise

May 13, 2020
| Archives

Shares in Norway’s Odfjell Drilling rose on Wednesday after it more than doubled quarterly net profit, standing out in a depressed offshore oil and gas market. The company, which operates floating rigs able to drill in harsh environments such as the North Sea, said it has been shielded by its order backlog and close relationships with leading producers

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Petrobras reveal details on new discoveries

May 13, 2020
| Archives

Petrobras confirmed oil of excellent quality in the Southeast area of the Búzios field and greater potential in the pre-salt of the Albacora field. POÇO 9-BUZ-39DA-RJS Located in the Southeast area of the Búzios field, in the Santos Basin pre-salt, 210 km from Rio de Janeiro, the well has a water depth of 2,108 meters. This well is in

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Sembcorp sees 96% reduction in workforce due to ongoing COVID 19

May 13, 2020
| Archives

Sembcorp Marine has been adversely affected by the global spread of the COVID-19 pandemic, along with all other sectors and industries in the global economy. Measures to contain the pandemic have severely disrupted transportation, supply chains, manpower access and plant operations, with resulting reduction in the demand for oil and energy. A separate major development has been the

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World’s first dual drilling subsea completed by Neptune Energy

May 13, 2020
| Archives

Neptune Energy has conducted the world’s first dual drilling operation from an integrated subsea template structure at the Fenja field in the Norwegian North Sea. In conjunction with the start-up of the Fenja drilling campaign last month, Neptune teams maximised the full capabilities of Seadrill’s West Phoenix drilling rig to drill two wellbores at the same time. While many

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Texas Railroad Commission Launch Drone Inspection Team

May 12, 2020
| Archives

Taking advantage of 21st century technology, the Railroad Commission of Texas launched a statewide drone inspection team last month. Drones will help inspectors to quickly respond and inspect sites that are unsafe or inaccessible during emergencies such as fires, flooding and other natural disasters. Drones can also assist in situations, such as the current COVID-19 pandemic, where they

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COVID 19 sparks 900% rise in demand for remote inspection of offshore rigs

May 12, 2020
| Archives

Bureau Veritas, a world leader in testing, inspection and certification services, is reporting a 900% rise in demand for the remote inspection of offshore assets and equipment since the outbreak of the COVID 19 pandemic. Bureau Veritas says requests for its remote inspection, certification, examination and verification services has escalated from a ‘want’ to a ‘need’ this year

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Seadrills’s West Capella departs South China Sea after standoff

May 12, 2020
| Archives

An oil exploration vessel contracted by Malaysian state energy company Petronas that was involved in a standoff with a Chinese survey vessel in the South China Sea left the disputed waters on Tuesday, three security sources and the vessel operator said. Petronas has been conducting exploration activities near an area claimed by Malaysia and Vietnam as well as

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Most Active User Contest

May 12, 2020
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Most Active User Contest We know that you are spending more time at home and in most cases on your mobile devices, so we want to have some fun over the next few weeks. We want to see you using the app, getting active on the newsfeed, sharing the app with your friends by using the invite option, bringing

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Ensign Energy Services outlook from Q1 results

May 11, 2020
| Archives

OUTLOOK Industry Overview The outlook for the oil service industry is uncertain. The macroeconomic environment for its oil and natural gas producer customers has shifted rapidly as a result of the global COVID-19 pandemic and geopolitical events. Global COVID-19 mitigation strategies have dramatically and adversely impacted demand for oil and natural gas in the short term, exacerbating a supply

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