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Less Appetite for Exploration Drilling

November 13, 2018
| Archives

Rystad Energy: Of the 100 000 wells drilled globally in 2013, 4% were exploration or appraisal wells. In 2018, this share is expected to drop to only 2% of the 70 000 wells drilled. This trend can be observed across both the offshore and the onshore markets and across the globe. In the offshore market share of exploration wells has changed from 35 to 24%. We’ve seen the most significant drop in South America as the

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Alberta still pushing for Keystone XL pipeline after U.S. stoppage

November 11, 2018
| Archives

Alberta’s energy minister said the province is working to address concerns that caused a U.S. federal court judge to block the construction of the Keystone XL pipeline project this week. Marg McCuaig-Boyd called the decision frustrating – but not enough to stop efforts to get the $10-billion project pushed through – in a Friday news conference at the

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Bank of Tokyo contracts Frigstad Offshore Pte as representative for newbuild jackup

November 10, 2018
| Archives

Frigstad Offshore Pte Ltd signed an agreement with BOTL Lease Co Ltd – to  act as Owners representative for a newbuld Jack Up –  KFELS Hull number B378 – currently in KFELS Shipyard Singapore. According to the current data from VesselsValue, the Hakuryu-15 rig is now scheduled for delivery in January 2019. The KFELS Super B Class design has a drilling

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Croatia announces second licensing round in the Pannonian Basin

November 10, 2018
| Archives

Croatia has announced the launch of the country’s second onshore license round. Seven blocks will be available in the license round, all located in Croatia’s prolific Pannonian basin that has produced over 1.1 billion BOE, of which the majority is oil and condensate. Most of the blocks contain undeveloped oil or gas discoveries. Available for the first time will be blocks Sava-06 (SA-06), Sava-07

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Colorado Voters Reject Drilling Limits in Win for Companies

November 9, 2018
| Archives

(Bloomberg) Anadarko Petroleum Corp., Noble Energy Inc. and other companies exploring for oil and natural gas in Colorado jumped in stock market trading Wednesday after voters rejected a plan that sought to limit their ability to drill in the state. Proposition 112 was voted down with 57% of ballots cast against the measure. It would have forced oil

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Africa Enjoys Oil Boom as Drilling Spreads Across Continent

November 9, 2018
| Archives

(Bloomberg) Africa is finally seeing the benefits from the recovery in crude prices as companies ramp up drilling from Algeria to Namibia. The rigs are returning and wildcatters are getting excited again after a years-long hiatus during the oil-price slump. From majors like Total SA to independents like Tullow Oil Plc, companies are snapping up exploration rights and doing deals. “When you

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Halliburton CEO Expects Permian Bottlenecks Gone By End of ’19

November 9, 2018
| Archives

(Bloomberg) Halliburton Co. expects bottlenecks in America’s busiest oil field to be relieved by the end of next year. A series of catalysts will drive drilling and fracking activity in the Permian Basin of West Texas and New Mexico throughout the next year, Jeff Miller, chief executive officer of the world’s biggest fracker, said during a Bloomberg TV

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Rigzone: US has added 65k jobs in oil and gas so far this year

November 3, 2018
| Archives

The U.S. added 5,000 mining jobs for the month of October, according to data released Nov. 2 by the U.S. Bureau of Labor Statistics (BLS). The month’s gains continue the trend of 2018. The industry has added 65,000 jobs over the year, according to the BLS. The bulk of these gains come from support activities for mining. In October,

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The Fatih spuds Alanya 1 in Mediterranean, 150 day duration

November 2, 2018
| Archives

Turkish drilling vessel Fatih began its first well-drilling operations yesterday in the Mediterranean. The country looks to boost its presence in the region with another well next month, and a second drillship in the near future Efforts to cement Turkey’s position as a key energy player in the highly contested and competitive Mediterranean region were crowned with the

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