Archives December 2015

Dec
22
2015

Cairo driller buys Ben Loyal jack up

ADES Advanced Energy Systems, Cairo, has bought the Ben Loyal jack up drilling rig from KCA Deutag, Aberdeen, for an undisclosed price. …read more Source: Oil Gas Journal   

Dec
21
2015

Moody's: Lower price assumptions hurt industry outlook

Near-term prospects for oil and gas producers are deteriorating along with expectations for prices of crude oil and natural gas. …read more Source: Oil Gas Journal   

Dec
21
2015

Cenovus Energy's capital budget down 19% for 2016

Cenovus Energy Inc., Calgary, expects to invest $1.4-1.6 billion in 2016. While allowing for the planned completion of well-advanced oil sands growth projects next year, the planned budget represents a 19% decrease in capital spending compared with total forecast spending for 2015. …read more Source: Oil Gas Journal   

Dec
21
2015

BHI: US rig count plunges 28 units

The overall US drilling rig count plunged 28 units to 709 during the week ended Dec. 11, representing its lowest level since Sept. 17, 1999, according to Baker Hughes Inc. data. …read more Source: Oil Gas Journal   

Dec
21
2015

Well-traveled columns

OGJ editors are assigned months in advance the task of writing this weekly column. For most editors, the column presents an opportunity to explore unconventional topics that might not otherwise fit so neatly into the publication’s news or technology sections. …read more Source: Oil Gas Journal   

Dec
18
2015

BHI: US oil rigs jump 17 units in biggest rise since July

The overall drilling rig count sat unchanged at 707 during the week ended Dec. 18. But a 17-unit jump in oil-directed rigs—which was offset by a 17-unit drop in gas-directed rigs—marking their biggest weekly increase since July, according to Baker Hughes Inc. data. …read more Source: Oil Gas Journal   

Dec
18
2015

Statoil submits PDO for Oseberg Vestflanken 2 in North Sea

Statoil ASA has submitted to Norwegian authorities the plan for development and operation (PDO) of Oseberg Vestflanken 2 in the North Sea. …read more Source: Oil Gas Journal   

Dec
18
2015

Shell cancels contract for Noble Discoverer drillship

Royal Dutch Shell PLC has terminated its contract with Noble Corp. PLC for the Noble Discoverer drillship. …read more Source: Oil Gas Journal   

Dec
17
2015

Statoil cancels Transocean drillship contract

Norway’s Statoil ASA reported it will cancel its contract with Transocean Ltd. for the Discoverer Americas ultradeepwater drillship. …read more Source: Oil Gas Journal   

Dec
17
2015

Israel approves development of giant offshore gas fields

Israel has greenlighted the respective development and expansion of Leviathan and Tamar natural gas fields in the Mediterranean Sea. …read more Source: Oil Gas Journal   

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