Transerv Energy informed that fracture stimulation work has been successfully concluded at the Warro-5 well in WA’s Mid-West. The Warro-5 and Warro-6 wells are now being completed in preparation for long term gas testing. Warro-5 stimulation operations were completed on 7th January and all the equipment is now being demobilized from site. The final, second stage at Warro-5 resulted in the 305,000 pounds (138,400kg) of proppant being placed in the gas reservoir. Combined with the deeper Stage 1, Warro-5 has injected 385,000 pounds (175,000kg) of proppant over an interval 4330 – 4410mRT. Clean-up flows at Warro-5, conducted over the weekend yielded a sustained gas flow with a continuous flare. Like Warro-6, the gas rate could not be measured. This will be done once metering equipment, required for the extended testing programme, is installed. At Warro-6, the Enerdrill workover Rig 1 is now preparing to run 2 3/8” production tubing a>er which a jet pump will be placed in the well to assist with the recovery of any liquids. An identical completion will be installed immediately afterwards at Warro-5. Gas flow testing is expected to commence at both Warro-5 and 6 wells during the second half of January 2016 and is planned to continue through Q1 and Q2 2016.
UK based, oil and gas technology company Brinker is celebrating a year of zero failures as its game-changing Platelet barrier technology redefines working practices in the global well integrity market. It is estimated at any one moment, across the world, between 20 and 30% of existing wells do not operate due to integrity issues. Brinker’s Platelet technology enables operators to bring shut-in wells or wells producing under dispensation back online in a matter of hours.
Fugro Structural Monitoring, a division of Fugro Global Environmental & Ocean Sciences Ltd., has been awarded a contract from FMC Technologies to provide a riser management system for the completion/workover riser for Statoil’s Tyrihans Field in the Norwegian North Sea. Working in partnership with MCS, Fugro Structural Monitoring will supply its riser management system, IRIS-RMS, for the project’s C/WO rig. Tyrihans is one of the biggest development projects on the Norwegian
Dockwise Ltd. announced nine near and midterm contracts awarded to its subsidiary, Dockwise Shipping, for the transportation of jack- up and semi submersible drilling rigs, dredging equipment and various other cargoes. Total revenues for the contracts are approx $45m. On behalf of Noble Drilling, Dockwise Shipping is to transport the drilling rig Noble Roy Butler to its new assignment in the Gulf of Mexico. Following the recent announcement that Dockwise had been contracted to
Statoil has awarded Island Offshore a framework agreement for a new light well intervention (LWI) vessel on the Norwegian continental shelf (NCS). The third of its type in Statoil’s portfolio the vessel will help reduce the costs of well interventions and enhanced oil recovery. Statoil has awarded Island Offshore a framework agreement for light well intervention (LWI) services from their vessel Island Constructor
KCA Deutag, Odfjell Drilling, and Archer are to share 30 billion kroner’s (USD 5 billion) worth of Statoi offshore drillingl contracts on the Norwegian Continental Shelf The five billion dollar assignment includes drilling of new wells, plugging of old wells, workover and maintenance of drilling facilities on 18 of Statoil’s 20 fixed platforms on the Norwegian Continental Shelf (NCS). According to the company, it is the largest NCS contract award since 2010.
The U.S. Gulf of Mexico offshore rig count continues to rebound, according to Offshore Data Services' weekly mobile offshore rig count. This week, 149 of the 191 mobile offshore drilling rigs in the U.S. Gulf are under contract, a four-rig increase over last week's week count and a seven-rig increase on a month-to-month basis. U.S. Gulf rig fleet utilization this week is 78.0 percent. The European offshore rig count continues to decline
Worldwide offshore rig utilization climbed slightly the week ending March 9, according to ODS-Petrodata Group. Global rig utilization climbed 0.1 percent to 87.4percent, due to a one-rig net increase in contracted rigs, ODS reported. U.S. Gulf rig utilization was unchanged at 88.2 percent, with 186 out of the region's 211 mobile offshore rigs under contract. European offshore rig utilization decreased by 0.1 percent to 92
Wolrdwide Offshore Rig Counts Continue To Rise Offshore rig counts continue to rise, according to Offshore Data Services' weekly mobile offshore rig count. The U.S. Gulf's offshore rig utilization rate jumped over 80 percent for the first time since late 1998 due to a net five-rig increase in contracted rigs in the region. This week, 161 of 199 rigs are under contract in the region. U.S. Gulf mobile offshore rig utilization is 81.0 percent.
Superior Energy Services’ Marine Services Division christened its new 175-ft class liftboat, the Superior Future, on Friday, June 27 at Marine Industrial Fabrication at 4912 Marina Rd., New Iberia, La. Connie Babin, Superior’s Marine Services Division traffic coordinator, performed the christening. Guests from the industry, media and local government had the opportunity to tour the vessel, and lunch was served onboard.
AccessESP, a leading provider of rigless electric submersible pump (ESP) conveyance solutions for the worldwide oil industry, has successfully installed two of its new Access375 systems on the North Slope of Alaska, the first commercial deployments of this system.
As the many Greek players in the shipping industry know well, the legend of Icarus tells us the dangers of flying too high. Merchant vessel earnings eventually found their 2008 heights just as unsustainable, even as some talked of a “new paradigm”.
Keppel Offshore & Marine (Keppel O&M), through its wholly owned subsidiary, Keppel Offshore & Marine USA, Inc., has completed the acquisition of Cameron International Corporation's offshore product division, which comprises the LETOURNEAU jackup rig designs, rig kit business
Offshore rig contractor Transocean Ltd posted a quarterly profit, compared with a year-earlier loss, as cost cutting helped counter a slump in crude oil prices. The company's net income attributable to controlling interest was $249 million, or 68 cents per share
Access to capital for cash-hungry Norwegian offshore shipowners is expected to tighten further as lower activity and falling profits continue in 2016, the Norwegian Shipowners' Association said in its yearly outlook report on Tuesday.
U.S. Judge Carl Barbier granted final approval on Monday to BP Plc's civil settlement over its 2010 Gulf of Mexico oil spill after it reached a deal in July 2015 to pay up to $18.7 billion in penalties to the U.S. government and five states.
Vietnam demanded China move a controversial oil rig on Thursday and abandon plans to start drilling in waters where jurisdiction is unclear, the latest sign of festering unease among the two communist neighbours. The $1 billion rig, which was at the centre of a fierce diplomatic stand-off
China's Foreign Ministry on Friday rebuffed Vietnam's second demand this year to move a controversial oil rig and drop plans to drill in South China Sea waters where jurisdiction is unclear, saying it was engaging in normal exploration activity.
U.S. energy firms cut oil rigs for a third week in a row to the lowest level since November 2009, oil services company Baker Hughes Inc said Friday, as energy firms keep slashing spending despite crude futures prices jumping roughly 50 percent since hitting a near 13-year low in February.
The Obama administration will announce Thursday safety regulations for offshore oil and natural gas drilling to prevent the kind of explosion that happened six years ago on a BP rig in the Gulf of Mexico, an official told Reuters. The Department of Interior will unveil the final version of its
The Obama administration on Thursday unveiled new oil well control rules to prevent the kind of blowout that happened six years ago on a BP Plc rig in the Gulf of Mexico. The Interior Department's Bureau of Safety and Environmental Enforcement announced the finalized regulations
U.S. energy firms cut oil rigs for a fourth week in a row to the lowest level since November 2009, oil services company Baker Hughes Inc said on Friday, as energy firms keep slashing spending despite a more than 50 percent jump in crude futures since hitting a near 13-year low in February.
Keppel Corp., the world’s largest builder of oil rigs, posted a 41 per cent fall in quarterly profit, its fourth straight decline, as offshore and marine segment revenue slumped because of the deferment of some projects and suspension of contracts related to Sete Brasil.
Transocean, the world's leading offshore drilling contractor with 61 rigs in its fleet, has issued a Fleet Status Report that provides the current status of and contract information for the company's entire fleet of offshore drilling rigs.
Cyprus-based Ocean Rig has stepped in to buy the sixth generation ultra-deepwater (UDW) drillship Cerrado, which once drilled the giant Libra prospect offshore Brazil, following its owner Brazil-based Schahin Group bankruptcy declaration last April.