Upstream drilling news
Maersk Drilling to stack North Sea rigs
Maersk Drilling is to reduce its offshore crew pool as a result of tenders and projects being delayed or cancelled.
Norway plans to extend Arctic oil exploration boundary
The government has proposed an extension of the so-called ice edge boundary to the constantly changing southern fringe of the permanent ice sheet.
Keppel delivers jack-up rig to Borr Drilling
Hild is the sixth jack-up rig that Keppel has delivered to Borr Drilling.
Neptune Energy and Wintershall Dea discover oil and gas in Germany
The Adorf Z15 gas well and the Ringe 6 oil well in northwestern Germany have been successfully drilled.
Jadestone Energy makes further CAPEX reductions
The company is deferring its Australia infill drilling campaign into 2021.
Weatherford records milestone for automated connection integrity
The company's VeroTM automated connection integrity has successfully completed 100 runs and 33 000 tubular connections in operations worldwide since its market debut.
Rystad Energy: global OCTG demand to decline by 15% in 2020
The US is seeing an immediate and severe drop in OCTG tonnage requirements, as operators have slashed their drilling programmes by in some cases up to 50%.
Indonesia announces size of Mahato oil discovery
The discovery in the onshore Central Sumatra Basin amounts to 61.8 million bbl, according to Cue Energy Resources, which a 12.5% interest.
Pemex halting production at newly drilled wells
The announcement by Mexico's president, Andres Manuel Lopez Obrador, did not make clear how much production would be removed by the closure of new fields and whether it would exceed a 100 000 bpd quota already agreed with the OPEC+ group of producing countries.
Rystad Energy predicts 2.7% y/y decline in US shale output
As shut-ins, reductions in spending and activities weigh in, 4Q20, which was projected to see a y/y oil production increase of 650 000 bpd, is now instead forecast to see a reduction of 1.5 million bpd.