Upstream drilling news
Statoil sells its oilsands business
Following this transaction, Athabasca will take over operatorship of Leismer and Corner and Statoil will no longer operate any oilsands assets.
Oman Bid Round 2016: Four blocks available for online evaluation using new service
The Oman Ministry of Oil & Gas has announced that bidding for the 2016 licensing round is now underway. Using a new online service, interested parties are now able to access and evaluate data relating to all four blocks online.
Maersk Oil to lower Culzean development costs
Higher drilling efficiency has enabled Maersk Oil to reduce development costs on the Culzean HPHT gas project by US$500 million.
Noble and Shell amend drilling contracts on three ultra-deepwater drillships
The companies have agreed to amend the existing long-term contracts on three ultra-deepwater drillships. In the current, challenging environment for offshore exploration and production projects, the agreements offer benefits for both parties.
AWE completes divestment programme with Tui sale
AWE Limited has divest its 57.5% interest in the Tui Area Oil Fields to Tamarind Management Sdn Bhd.
Precision Drilling Corporation to swap coil tubing operations for Essential rig business
The acquisition of Essential's service rig business expands Precision's leading well service position.