The Zama-1 exploration well offshore Mexico has now completed drilling operations in the final hole section, reaching a total depth of 4,108 m (13,478 ft). The logging results confirmed that the previous hole section had reached the base of the reservoir section, with an oil-down-to in the well of 3,380 m (11,089 ft) with no subsequent penetration of an oil-water-contact. The well drilled deeper into the Zama Deep target and no additional hydrocarbons were encountered, confirming pre-drill expectations for this formation...

Devon Energy announced it has entered into a definitive agreement to monetize its Lavaca County assets in the Eagle Ford play. Combined with other minor asset sales completed across its US operations, proceeds from the company’s recently announced $1 billion divestiture program have now reached $340 million. The Lavaca County transaction is subject to customary terms and conditions and is expected to close by the end of 2017. “These highly accretive asset sales are an important step in executing on our $1 billion divestiture program over the next year,” Dave Hager, President and CEO, said. “The divestiture proceeds will further strengthen our investment-grade financial position and provide us additional flexibility to build operational momentum across our top-tier US resource plays.” ...

A joint research report conducted by Wood Mackenzie and GTM Research assessing generation economics concludes that declining renewables and energy storage costs will increasingly squeeze out gas fired generation in South Australia as early as 2025....

Nabors has launched its first PACE-X rig featuring the quad drilling design. The rig’s mast features an additional 31-ft section to allow for four joints of pipe in the setback.

Six drilling contractors – Diamond Offshore, Helmerich & Payne, Nabors, Noble, Parker Drilling, and Rowan – will be joining more than 30 other organizations in a cyber-themed table top exercise on 8 August at the New Orleans office of the US Bureau of Safety and Environmental Enforcement (BSEE). The cyber exercise is geared toward port and maritime stakeholders. It is being coordinated among the Maritime and Port Security Information Sharing and Analysis Organization (MPS-ISAO), the Department of Homeland Security’s National Cyber Exercise and Planning Program (NCEPP), and the US Coast Guard Outer Continental Shelf Division with its Area Maritime Security Committee’s Exercise Team...

As part of a three-year contract with Lloyd’s Register (LR), the Oil & Gas Authority (OGA) has released their first set of regional geological maps and data sets, which cover the UK Central North Sea and Moray Firth...

Sonoro Energy reported that the drilling rig and all associated services and equipment for its Budong Budong LG-1 Up-dip well in Indonesia has been scheduled to be transported by sea during the week of 24 July 2017...

Premier, together with its joint venture partners Talos Energy (operator) and Sierra Oil & Gas, announced that the Zama-1 exploration well in Block 7, offshore Mexico, has made a world-class oil discovery. The Zama-1 well is the first offshore exploration well drilled by the private sector in Mexico’s history. Premier holds a 25% interest in the block...

Noble Corp announced that Robert W. Eifler has been named Vice President and General Manager – Marketing and Contracts, effective 17 July 2017. In his new role, Mr Eifler will be responsible for Noble's worldwide marketing and contracts efforts, based in the company's operations headquarters in Sugar Land, Texas...

Following the positive outcome of their pilot project, GE and Maersk Drilling have extended the scope of their digital partnership. The collaboration brings the next big step in innovative efficiency services to the offshore market and constitutes great value for customers by enhancing drilling productivity...