Upstream drilling news
Shelf Drilling awarded contract for its jack-up rig in Arabian Gulf
The contract relates to the company's recently acquired jack-up rig, Shelf Drilling Achiever.
LUKOIL begins commercial operations in D41 offshore field
Construction of the company’s second well in the D41 offshore field in the Baltic Sea was completed earlier this month.
Westwood Global Energy: accelerating rig activity signals game-change as rig rates are on the up
Data shows that marketed utilisation for some rig types in some regions are nearing 85-90%.
Shelf Drilling reports 1Q19 results
The company recorded revenue of US$147.2 million and Adjusted EBITDA of US$49.4 million in 1Q19.
Eni makes oil discovery offshore Angola
The new discovery, in Block 15/06, is estimated to contain up to 250 million bbls of light oil in place.
Union Jack Oil announces 2018 results
Union Jack Oil’s revenue increased by 250% in 2018, standing currently with a cash balance in excess of £2.5 million.
BHGE introduces low-pressure-impact drilling fluid
Baker Hughes, a GE company, has announced the introduction of its DELTA-TEQ™ low-pressure-impact drilling fluid.
Rystad Energy ranks the cheapest sources of supply in the oil industry
In a major turnaround, North American tight oil is emerging as the second cheapest source of new oil volumes globally, just shy of the Middle East onshore market.
Caspian Sunrise gives update on BNG Contract Area, Kazakhstan
The board of Caspian Sunrise has provided an update on developments at its flagship BNG Contract Area.
Schlumberger introduces continuous resistivity look-ahead-while-drilling service
IriSphere look-ahead-while-drilling service reduces drilling risks and improves efficiency by providing data ahead of the bit in real time.