Upstream drilling news
Melbana Energy given extension on Beehive drilling permit
The company's permit for the Beehive prospect has been extended by 12 months to 21 December 2021.
Maersk Drilling reports fall in revenue in 1Q20
The company recorded a revenue of US$279 million in 1Q20, compared to US$305 million in 4Q19.
OMV granted drilling permit in Norwegian North Sea
Well 6506/11-12 S. will be drilled about 4 kilometres west of the Morvin field.
Rystad Energy: Permian Basin 'last surviving epicentre of drilling activity'
The Permian Basin has systematically increased its market share in nationwide horizontal oil drilling in the US, reaching 74% as of last week, according to analysis by Rystad Energy of Baker Hughes data.
Bahamas Petroleum signs drill rig contract
The company has agreed a contract with Stena Drilling for the provision of an offshore drilling rig, with drilling planned to commence between 15 December 2020 and 1 February 2021.
CAN-ductor technology lowers environmental impact of Kathryn well
The rig time was reduced from seven days on a conventionally drilled well to four days using Neodrill's CAN technology.
Shell starts drilling Saturn block offshore Brazil
Shell is the operator of the block with a 45% stake, along with Chevron, also at 45%, and Ecopetrol, with 10%.
Petrobras reaches production milestone at Parque das Baleias
The Parque das Baleias Area offshore Brazil has reached the mark of 1 billion bbl of oil produced.
CNOOC begins production at Bohai oilfields
The Penglai 19-3 oilfield area 4 adjustment/Penglai 19-9 oilfield phase II project is expected to reach its peak production of approximately 15 681 bpd in 2022.
SDX Energy reports increase in production
The increase in production in 1Q20 was driven by strong production levels at the South Disouq onshore gas area in Egypt.