Global exploration will be the primary growth engine for Statoil in the near term, and the US Gulf of Mexico (GOM) will play an important role in that strategy as the company...

A 25-well batch-casing program in the deepwater Gulf of Mexico (GOM) has exceeded targets around safety and efficiency over a six-month development campaign that logged zero...

Shell has made an exploration discovery offshore Malaysia in the Rosmari-1 well located 135 km offshore Malaysia in Block SK318. The well was drilled to a total depth of 2,123...

Maersk Drilling has taken the delivery of its second drillship, Maersk Valiant from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South-Korea. Maersk Valiant has begun its voyage toward the...

One of the most significant initiatives being undertaken by the IADC Underbalanced Operations and Managed Pressure Drilling (UBO/MPD) Committee is to develop operating...

KCA Deutag has entered into the offshore Canadian drilling sector following the award of its first contract in Canada with ExxonMobil Canada Properties. KCA Deutag was awarded...

Statoil has together with the Valemon Unit partners made a gas and oil discovery in the Valemon Nord prospect in the North Sea. The discovery wells 34/10-54 S and 34/10-54 A...

A subsidiary of Thailand’s PTTEP has signed a farm-in agreement with BG E&P Brasil for four predominantly deepwater blocks, marking PTTEP’s initial foray into South American...

Croatia’s Minister of Economy Ivan Vrdoljak has opened Croatia’s first offshore license round in Zagreb, Croatia, in the presence of representatives from more than 30...

Seadrill has secured new contracts for the jackups West Tucana, West Telesto, West Ariel and West Prospero. Additionally, the contract for the West Mischief has been extended...