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BW Energy to develop a converted jack-up system for offshore Gabon

September 28, 2020
| Archives

BW Energy plans to develop an innovative converted jack-up rig system, aiming to exploit the Hibiscus/Ruche discoveries in the Dussafu field offshore Gabon. By avoiding the construction of a standard wellhead platform, the alternative development plan allows for lower capital expenditure, decreased time to first oil, and a reduction in carbon emissions through the use of existing infrastructure. A

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Woodside to use EC-Drill Controlled Mud Level from Enhanced Drilling for Senegal

September 28, 2020
| Archives

AUSTRALIA’S largest independent oil and gas company, Woodside, has signed a contract to prepare their drill ships for the EC-Drill® system (pictured) from Norwegian offshore solutions provider, Enhanced Drilling, on the Sangomar Field Development offshore Senegal. EC-Drill®– more control EC-Drill® is a Controlled Mud Level (CML) system that enables operators to 'drill the undrillable' wells. Some of the development

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ConocoPhillips sees global oil demand returning

September 25, 2020
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U.S. oil producer ConocoPhillips sees global demand returning to 100 million barrels per day and growing from there, with oil an "important part of the energy mix in any scenario" going forward, a senior executive said on Thursday. The view stands in contrast to that of rival BP Plc, which sees the coronavirus pandemic leaving a lasting effect

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Newfoundland and Labrador announce new offshore exploration initiative

September 25, 2020
| Archives

The Government of Newfoundland and Labrador announced the establishment of a new offshore exploration initiative to provide companies with the incentive to drill more wells in the best prospects. This is a policy measure that will allow all future bid deposit forfeitures to be reinvested as received, resulting in an injection of hundreds of millions of dollars

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POSH grabs long term floatel work with Petrobras

September 25, 2020
| Archives

Offshore marine services provider, PACC Offshore Services Holdings ("POSH"), today announced that its two-flagship offshore accommodation semi-submersible accommodation vessels ("SSAVs") – POSH Arcadia and POSH Xanadu – have secured long-term charters with Petrobras. Mr Ulva Chai, Managing Director, Offshore Services, POSH, said, "We are proud for POSH to have both flagship SSAVs simultaneously secure long-term charters with Petrobras

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Bahamas Petroleum announces spud date of Perseverance 1 with the IceMAX

September 25, 2020
| Archives

BPC, the Caribbean and Atlantic margin focused oil and gas company, with exploration, production, appraisal and development assets across the region, is pleased to announce that it has received formal notification from Stena Drilling, consistent with the existing contract, nominating the Stena IceMAX as the intended drill rig for the upcoming Perseverance #1 drilling campaign. The notification has also indicated the start

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Norway oil workers threaten to strike, including at Sverdrup field

September 24, 2020
| Archives

Some 113 Norwegian offshore oil workers plan to go on strike from Sept. 30 onwards if annual pay negotiations with employers fail, the Safe trade union said on Wednesday. In total, 88 of the union members work at Equinor’s Johan Sverdrup field, the largest oil producing field in western Europe, while 25 work at ConocoPhillips’s Ekofisk Lima platform,

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Weatherford and Safe Influx sign MOU

September 24, 2020
| Archives

Weatherford International plc announced it has signed a Memorandum of Understanding (MoU) with Safe Influx, the world's only provider of Automated Well Control technology. Under the MoU, the companies will cooperate globally to focus on revolutionising well integrity during the construction phase by bringing to market the first ever integration of Managed Pressure Drilling (MPD) solutions and Automated Well

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Borr Drilling issues update on market

September 23, 2020
| Archives

Borr Drilling Limited is pleased to announce that it has reached agreement with the bank syndicates and with Hayfin, who in sum provides USD595m in loan facilities, to extend their maturity to January 2023 and lower the minimum liquidity covenant to USD5m until maturity. The next step of the plan is to reach agreement with the yards

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