Keppel FELS, delivered the jackup rig, SKALD, to Borr Skald, a subsidiary of Borr Drilling, safely, on time and on budget. It is the second jackup rig that Keppel has delivered to Borr Drilling following the delivery of the SAGA earlier this year, with an additional eight on order. Built to the KFELS Super B Class design, SKALD is capable of operating in 400 ft water depth and drilling to 35,000 ft. Equipped with cantilever skid-off capabilities, with a maximum combined cantilever load of 3,700 kips, and high-capacity hook loads of 2 million lb, the KFELS Super B Class has tremendous horse power during drilling operations. “The delivery of a second high-specification KFELS Super B Class rig to Borr Drilling reaffirms our design ...

The Liza Phase 1 development continues to rapidly progress, with the commencement of development drilling offshore Guyana, ExxonMobil said. Development drilling began in May for the first of 17 wells planned for Phase 1, laying the foundation for production startup in 2020. The company and its co-venturers have so far discovered estimated recoverable resources of more than 3.2 billion oil-equivalent bbls on the Stabroek Block. “The work our teams have done in Guyana is remarkable,” Liam Mallon, President of ExxonMobil Development Company, said. “We are well on our way to producing oil less than five years after our first discovery, which is well ahead of the industry average for similar projects. The Liza development and future projects will provide significant ...

A recent Wood Mackenzie report finds that persistent operational water challenges pose a material risk to oil and gas companies' profitability and production in the Permian Basin...

Forum Energy Technologies has moved to expand its operations in Europe by appointing a new single distributor for its extensive fleet of subsea vehicles across The Netherlands and Belgium. Seascape Subsea Technology BV will represent Forum Energy Technologies for the sale of the company’s range of remote operated vehicles (ROVs) in the two countries, including its recently launched electric ROV, the XLe Spirit. Designed and built in-house at Forum’s Kirkbymoorside facility in Yorkshire, UK, the XLe Spirit is the first offering from the company’s new generation of electric observation class ROVs. “It’s important that we work with the best and most well-respected partners in-country. Seascape Subsea Technology BV provides us with another strong channel complementary to our existing framework to deliver ...

RAMCO, the international specialist in the care and maintenance of oil country tubular goods (OCTG), has signed a major contract with Equinor for inspection and mobilization of casing and tubing in Norway, worth more than $10 million a year to 2024...

Equinor and partners Lundin and Spirit Energy have struck oil in the PL 167 license at the Utsira High in the North Sea. The discovery is currently estimated to contain 15-35 million bbl of recoverable oil equivalent...

ExxonMobil has awarded a contract to Rowan drillship Rowan Relentless to drill a prospect in the US Gulf of Mexico...

Seadrill announced that it anticipates emerging from the chapter 11 process in the first half of July 2018...

The 4th production sharing round in the pre-salt, held 7 June by ANP, raised R$ 3.15 billion in signing bonuses and R$ 738 million in planned investments on the exploration phase. The goodwill of the profit oil offered in the 4th round was 202.3%. The auction had three of the four offered areas acquired: Uirapuru, Dois Irmãos and Três Marias...

On 7 June 2018, Brazil held its fourth pre-salt auction, just eight months after the highly competitive second and third pre-salt rounds. PSC Round 4 offered 4,232 km2 across four blocks in the heart of the pre-salt polygon with more than 14 billion bbl of unrisked in-place prospective resources. Three of the four areas were awarded, all of which with Petrobras as the operator, with bids from 11 of the 16 registered companies, setting a record for participation in a PSC auction...