Upstream drilling news
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.
OKEA provides production update
OKEA has announced that its assets produced a total of 19 099 boe/d in 1Q20, compared to 19 498 boe/d in 1Q19.
Neptune Energy begins drilling in Fenja field
Fenja is Neptune’s first operated development project on the Norwegian Shelf and is estimated to contain 97 million boe.
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.