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U.S. adds 4 rigs for this weeks rig count

February 8, 2019
| Weekly Rig Count

Baker Hughes, a GE company has posted Weekly Rig Count reports. Baker Hughes Rig Count: U.S. +4 to 1,049 rigs U.S. Rig Count is up 4 rigs from last week to 1,049 rigs, with oil rigs up 7 to 854 and gas rigs down 3 to 195. U.S. Rig Count is up 74 rigs from last year’s count

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NOPEC bill cleared a key hurdle in Washington yesterday

February 8, 2019
| Archives

(Bloomberg) — Legislation that would allow the U.S. government to sue OPEC for inflating oil prices cleared a key hurdle in the new session of Congress. The House Judiciary Committee, now led by Democrats, advanced the “No Oil Producing and Exporting Cartels Act†Thursday. That sets the bipartisan “NOPEC†bill, which would subject the cartel to possible antitrust

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Maersk Developer bags a contract with options from Cairn in Mexico

February 7, 2019
| Archives

Maersk Developer has been awarded a 110-day contract plus four optional wells with Cairn in Mexico, commencing in September, 2019 according to their fleet status update. Although Cairn has not noted the contract award on their website they did state in their operational update from January 22, 2019 that they would be drilling three exploration wells that are

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ExxonMobil makes two additional discoveries in Guyana

February 7, 2019
| Archives

(BUSINESS WIRE) ExxonMobil said today it made two additional discoveries offshore Guyana at the Tilapia-1 and Haimara-1 wells, bringing the total number of discoveries on the Stabroek Block to 12. The discoveries build on the previously announced estimated recoverable resource of more than 5 billion oil-equivalent barrels on the Stabroek block. Tilapia-1 is the fourth discovery in the Turbot area that

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Total finds a “world class†oil and gas play off the coast of South Africa

February 7, 2019
| Archives

French energy major Total said it had opened up a “world class†oil and gas play off the coast of South Africa following a significant discovery of condensate, likely sparking further exploration in the waters of Africa’s most developed economy. Total said the Brulpadda prospect, located 175km off the country’s southern coast, had encountered a “significant†find

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Leave us a review and win a free gift!

February 6, 2019
| Archives

  If you like what we do then let us know by becoming a patron through Patreon, for as little or as much as you would like! Hit the button below! Check out our other current stories! Seadrill and Sonangol form Sonadrill JV Someone asked me about the future of offshore drilling so I answered them… Explorers’ success in 2018

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Seadrill and Sonangol form Sonadrill JV

February 6, 2019
| Archives

Seadrill Limited announced today that it has entered into a 50:50 joint venture with Empresa de Serviços e Sondagens de Angola Ltda, an affiliate of Sonangol E.P. The new joint venture, Sonadrill, will operate four drillships, focusing on opportunities in Angolan waters. Each of the joint venture parties will bareboat two drillships into Sonadrill. The Seadrill drillships will

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Explorers’ success in 2018 reflects a disciplined approach that’s set to continue this year

February 5, 2019
| Archives

(Wood Mackenzie) After a difficult few years, the exploration sector is back in the black – and keen to stay there. New analysis from Wood Mackenzie shows that explorers’ success in 2018 reflects a disciplined approach that’s set to continue this year. Dr Andrew Latham, vice president, Global exploration, said: “We are seeing a long-overdue recovery in

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Italy may vote in an 18 month offshore drilling suspension

February 5, 2019
| Archives

The suspension, if approved, would be for a period of up to 18 months to enable the government authorities to evaluate the suitability of exploration areas for sustainable hydrocarbon exploration and production activities (the Plan). The bill is scheduled to be voted on in Parliament on the 12th of February 2019 and if enacted will become law, ADX said. It

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