Drilling & production

The new facility will be used for large scale fabrication of offshore platforms and onshore/offshore modules.

The Malaysian oil and gas services company declared net profits of US$123.01 million for the quarter ended 31 January 2019.

The company has announced that Rathlin Energy (UK) Limited has signed a rig contract for the drilling of the West Newton appraisal well, expected to spud in April 2019.

These contracts, with a combined value of approximately US$54M, are for drilling operations in the Middle East, Russia, Europe and Africa.

Operations have paused due to severe weather conditions related to tropical cyclone Veronica.

Oil & Gas UK published its annual Business Outlook review and presented its findings in both London and Aberdeen on 20 March. Westwood’s Technical Manager, Alyson Harding, comments.

John Lechner has resigned from his position as CEO of Archer Ltd. with immediate effect.

Island Drilling has received a contract from CNOOC for the drilling of two wells on the British side West of Shetland.

Integrity Management Solutions has commenced drilling operations at the Burnett 2B well within the Monroe Swell field, onshore California.

Canadian Oil Sands production in 2019 will be almost 230 000 bpd lower than last year, according to ESAI Energy’s recently published North America Watch.

The company has sold its Malaysian assets to a subsidiary of PTT Exploration and Production Public Company Ltd.

The company has announced that all parties to the previously announced Ruvuma farm-out agreement have agreed to an extension to the longstop date to 31 July 2019.

A ceremony was held in the Yamal-Nenets Autonomous Area to mark the launch of full-scale development of the Kharasaveyskoye field.

This news comes despite projections of declining oil demand in the 2030s or even the late 2020s in some scenarios.

A major UAE operator has recovered from stuck pipe by severing its drill string in just 2.5 hrs, reports Churchill Drilling Tools, a global oilfield service company specialising in drilling innovation.