More Drilling Operations News

BHI: US rig count decline continues to slow, now down 3 to 885

May 22, 2015

The decline in the US drilling rig count continued to slow again during the week ended May 22, according to Baker Hughes Inc. The total count was off by 3 rigs for a total of 885. The count has now fallen for 24 consecutive weeks.

BHI: US rig count decline shrinks to 6 this week, settles at 888

May 15, 2015

The trend of shrinking declines in the US drilling rig count continued during the week ended May 15. Just 6 units were laid down to settle at a total of 888 rigs working, representing the smallest drop in the 23 consecutive weeks in which the count has dived, easily surpassing last week’s 11 that went offline, according to data from Baker Hughes Inc. Since Dec. 5, 1,032 units have now gone offline.

BP lets Thunder Horse expansion contract

May 13, 2015

BP Exploration & Production Inc. has let a contract to Technip covering pipeline systems for a southern expansion of ultradeepwater Thunder Horse oil and gas field on Mississippi Canyon Blocks 778 and 822 in the Gulf of Mexico.

BPTT to start drilling in Juniper gas field offshore Trinidad

May 12, 2015

Starting next week, BP Trinidad & Tobago LLC (BPTT) reported it will begin drilling its first of five wells in its Juniper natural gas field 50 miles offshore Trinidad and Tobago’s southeast coast in the next week. BPTT has announced that the wells will be drilled by Diamond Offshore Drilling Inc.’s Ocean Victory semisubmersible drilling rig.

Encana records 1Q net loss of $1.7 billion

May 12, 2015

Encana Corp. posted a first-quarter net loss of $1.7 billion primarily due to a noncash, aftertax ceiling test impairment and a non-operating foreign exchange loss.

Low crude prices may thin, but not kill, US production, speakers say

May 12, 2015

Overseas competitors who were caught off-guard initially by rising US unconventional crude oil production have increased their own outputs now and can be expected to try and keep prices low to protect their global market shares, speakers at a May 12 Atlantic Council discussion said.

Shell gets conditional approval for US Arctic drilling plan

May 11, 2015

The US Bureau of Ocean Energy Management (BOEM) on May 11 conditionally approved Shell Gulf of Mexico Inc.’s revised multiyear exploration plan (EP) that proposes the drilling of as many as six wells on the Burger prospect in the Chukchi Sea.

Gazprom continues work on East Russian gas

May 11, 2015

OAO Gazprom is drilling three production wells in Chayandinskoye field in Yakutia. The company plans eight additional wells during pilot commercial development of the oil rim, which precedes commercial operation.

BHI: US rig count posts smallest decline in 22 weeks

May 8, 2015

During a week in which much of the oil and gas industry was either preoccupied with the Offshore Technology Conference in Houston or company earnings reports, the US drilling rig count snuck down just 11 more units to settle at 894 rigs working, according to data from Baker Hughes Inc.

Retirement total for floating rigs now 36

May 8, 2015

Plans announced May 4 by Diamond Offshore Drilling Inc. to decommission three semisubmersible drilling rigs brings to 36 the number of floating rigs steered toward retirement since crude oil prices collapsed in the second half of 2014, according to Cowen & Co. analysts.

Chesapeake reports 1Q net loss of $3.782 billion

May 7, 2015

Chesapeake Energy Corp., Oklahoma City, reported a first-quarter net loss of $3.782 billion, down from a net income of $374 million in first-quarter 2014.

Apache reports 1Q net loss of $4.7 billion

May 7, 2015

Apache Corp. reported a first-quarter net loss of $4.7 billion, including an aftertax ceiling-test write down of $4.7 billion due to “substantially lower commodity prices.”

OTC: Many variables dictate N. America’s emergence as a global energy force

May 6, 2015

North American businesses and governments must work together toward the collective goal of advancing the continent’s energy aspirations. That was the message delivered by producers and government officials during a May 5 panel discussion at the Offshore Technology Conference in Houston.

OTC: New IADC well-control training program targets individual jobs

May 6, 2015

An industry-wide collaboration enabled the International Association of Drilling Contractors to develop a new well-control training and assessment program that is targeted toward an individual’s actual job, IADC executives told an Offshore Technology Conference news briefing May 6 in Houston.

OTC: BSEE director says industry on probation as far as public trust

May 6, 2015

Industry must cooperate and collaborate with a number of international stakeholders to achieve the highest safety standards offshore, Brian Salerno, director of the Bureau of Safety and Environmental Enforcement, told an Offshore Technology Conference breakfast May 6 in Houston.

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