More Oil Field Drilling News

Diamond Offshore to acquire West Vanguard semisubmersible

Nov 26, 2002 Diamond Offshore Drilling Ltd. has entered into an agreement to purchase the West Vanguard semisubmersible drilling rig from Stavanger-based Smedvig ASA, for $68.5 million.

US drilling hits 5-week high, Gulf of Mexico demand increases

Dec 6, 2002 US drilling activity increased to the highest level in 5 weeks, up 17 units with 852 rotary rigs working this week, officials at Baker Hughes Inc. reported Friday.

UAE

Dec 16, 2002 Noble Corp., Sugar Land, Tex., acquired two jack up drilling units, the Trident III and the Dhab II, from a Schlumberger Ltd. subsidiary for $95 million.

Service companies await activity increase promised by operators

Dec 18, 2002 US producers expect to increase their North American production of natural gas next year, but even at today's higher commodity prices, oil field service companies see no signs of increased drilling activity yet, said industry representatives Tuesday at a Houston conference sponsored by Deloitte & Touche LLP, the US arm of Deloitte Touche Tohmatsu.

US drilling activity jumps to 14-week high

Dec 20, 2002 US drilling activity surged to a 14-week high, adding 10 rotary rigs for a total of 860 units working, officials at Baker Hughes Inc. reported Friday.

Norwegian Sea

Dec 23, 2002 Norway's Statoil ASA reported a wildcat well resulted in a dry hole on the Blåmeis prospect in the Norne area.

Carbonate platform encountered farther north in western Newfoundland

Dec 30, 2002 Deer Lake Oil & Gas Inc., St. John's, said an exploratory well encountered the Cambro-Ordovician carbonate platform for the first time at depth in the Deer Lake basin onshore western Newfoundland, and the company bid successfully for more acreage nearby.

US drilling activity hits new year slump

Jan 3, 2003 US drilling activity slumped into the new year, down 25 rotary rigs to 837 working this week, officials at Baker Hughes Inc. reported Friday.

New year clouded by uncertainty but filled with technical promise

Jan 6, 2003 The oil and gas industry enters 2003 uncertain about geopolitical events, doubtful about markets, yet equipped with technology advancing rapidly on many fronts.

Superlift mates topsides to semi

Jan 6, 2003 Mating the topsides to the hull of the seimsubmersible Na Kika production unit required a superlift on land.

Service firms await activity boost promised by operators

Jan 6, 2003 US producers expect to increase their North American production of natural gas this year, but even at today's higher commodity prices, oil field service companies see no signs of increased drilling activity yet, industry representatives said late last month at a Houston conference sponsored by Deloitte & Touche LLP, the US arm of Deloitte Touche Tohmatsu.

US drilling activity increases by 14 rigs

Jan 10, 2003 US drilling activity increased this week, adding 14 rotary rigs for a total of 851 working, officials at Baker Hughes Inc. reported Friday.

OGJ Newsletter

Jan 13, 2003 There was speculation at presstime last week that the Organization of Petroleum Exporting Countries would hike its new production quota by more than 1 million b/d on Jan. 12 in Vienna to offset the loss of oil supplies from Venezuela's strike and an imminent war in Iraq.

Growth in deepwater sector expected in double within 5 years

Jan 13, 2003 Robust growth is expected in the deepwater sector within 5 years because 148 deepwater fields have onstream dates in the 2003-07 period.

Canadian drilling jumps again as US drops 5 units

Jan 17, 2003 Canadian drilling activity continued to soar this week. After adding 100 rigs last week to 444, another 76 rigs started drilling this week for a total of 520 working.

Market Connection

Refinery Units and Equipment for Sale (PA). Pictured: LSG: Gasoline Desulfurizer, 65,000 BPD.

Refinery Units and Equipment for Sale (PA)

Refinery Units and Equipment for Sale (PA). Pictured: LSG: Gasoline Desulfurizer, 65,000 BPD.

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