Upstream drilling news
Rystad Energy: Covid-19 causes largest-ever horizontal rig count fall in US
The total horizontal oil rig count fell below 270 rigs last week, a 57% decline from the peak of 624 rigs seen in the middle of March 2020.
NPD grants Equinor drilling permit
Well 30/2-5 S will be drilled from the West Hercules drilling facility.
Rystad Energy: greenfield E&P tenders are set to hit two-decade low in 2020
Cuts in the industry's investment budgets will leave only US$60 billion worth of greenfield tenders for contractors to compete for, the lowest in two decades, according to Rystad Energy.
Simmons Edeco completes Mexico onshore drilling campaign
The company has completed completed a second series of development drilling of wells at the Panuco field for a major oilfield services company.
Gyrodata sells directional drilling business to Intrepid Directional Drilling Specialists
The sale includes effectively all of Gyrodata’s directional drilling personnel, as well as its high-performance drilling motors and measurement while drilling (MWD) tools.
Borr Drilling sells two jack-up rigs
The two jack-up drilling rigs sold are the Dhabi II and the Paragon B152.
Valaris releases 1Q20 results
Valaris has reported a net loss of US$3.01 billion for 1Q20 compared to a net loss of US$216 million in 4Q19.
Equinor awards Maersk Drilling rig contract
The hybrid jack-up rig Maersk Intrepid will drill three wells and plug one in the Martin Linge field offshore Norway.
Equinor drills dry well near the Oseberg field
Wildcat well 30/6-31 S encountered poorly developed sandstones in the Intra Heather Formation with poor reservoir quality and no traces of petroleum.
Rystad Energy warns of US shut-ins of 300 000 bpd during May and June
US oil production of at least 300 000 bpd will be shut during May and June, according to a Rystad Energy analysis of early communication from US oil producers.