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Awilco gets contract signed for the WilPhoenix

May 14, 2020
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With reference to our press release of 25 February 2020, Awilco Drilling PLC is pleased to confirm that a contract has been signed with Serica Energy (UK) Limited for the provision of WilPhoenix for a one well workover on the Rhum field. The contract has an estimated duration of 70 days including preparatory works and will commence

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Market improving says IEA

May 14, 2020
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The outlook for global oil markets has “improved somewhat,” with demand a little stronger than expected and supply reined in by a brutal price crash, the International Energy Agency said. World oil production is on track for a “historic decline” this month to the lowest level in nine years, the IEA said in a monthly report. OPEC and

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Odfjell Drilling shares on the rise

May 13, 2020
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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
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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
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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
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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
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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
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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
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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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