Awilco challenges £7.7m tax bill from HMRC
Rig contractor Awilco Drilling said today that it had appealed against the UK taxman’s decision to slap it with a £7.7 million bill.
drilling
Conventional discoveries reach 70-year low and unlikely to recover, new report says
Conventional oil and gas discoveries during the past three years are at the lowest levels in seven decades, and aren't expected to recover, a new report said.
Aminex wins more farm out time in Tanzania
Aminex is becoming more positive on its delayed farm out in Tanzania, giving it sufficient confidence to get under way with preparations for the Chikumbi-1 well.
Vaalco sets out London IPO move
Vaalco Energy has set out formal plans to list on the London Stock Exchange’s main market. The listing should take place by September 30.
Most North Sea wells due to spud since 2010
Westwood Global Energy Group reports that as of June 30, one exploration well and three appraisal wells were in progress in the UK. Three wells were spudded and one well was completed in July.
EnscoRowan to change name to Valaris
The world’s largest offshore drilling firm EnscoRowan has announced plans to change its name to Valaris.
Analysts predict boost for offshore rig rates amid surge in activity
Offshore rig rates are due to surge within two years as activity accelerates, according to new data.
Power-hungry Texas oil drillers get a little help from solar
Texas, home to the world’s largest oil reserve and America’s biggest source of coal-fired power, is on the verge of a clean-energy boom.
Losses widen for KCA Deutag despite ‘robust’ North Sea work
Aberdeen-based KCA Deutag saw its losses widen by 68% in its full year accounts yesterday, despite a “robust” performance from its North Sea business.
Offshore drilling makes comeback after years in shale’s shadow
Offshore is ready for the limelight again.
KCA Deutag clinches land drilling deals worth £41m
A north-east drilling and engineering company has continued its hot streak of contract wins for global onshore jobs.
Updated: Awilco in new £325m rig order, appoints new CEO
North Sea contractor Awilco Drilling has ordered a new semi-submersible rig for £325 million – and found a new chief executive.
Ensco raises offer for merger with rival rig contractor Rowan
Rig contractor Ensco has increased its takeover offer for rival firm Rowan.
Well slot: Active wells and completions in Westwood report to month end
UK Continental Shelf
Norway fund manager betting on rigs for 200% return
After more than 3 years of taking a hammering, drillers are set to rise.
Feds postpone public meetings on offshore drilling
The government shutdown is now delaying the rollout of President Donald Trump's plans to expand offshore drilling.
Five missing after has explosion at Oklahoma drilling site, report says
Five workers are missing following a gas explosion at a drilling site in Oklahoma, according to a news report.
Drill spot: Completion reached on four wells
Westwood Global Energy reports that in the UK in December there was just one new well spud in the Central North Sea, whilst operations on four wells were completed. 2017 saw a total of 23 E&A wells* completed. At the end of December, just one exploration well was active on the UKCS.
New era for specialist Perth oil drilling firm
A Perth-based extended reach drilling company has moved to an employee ownership model as it looks to drive growth and take advantage of an improving oil and gas market.
Pantheon Resources announce drilling operations at Wilcox formation
Oil and gas exploration company, Pantheon Resources, has kicked-off the drilling of its Wilcox formation development.
Statoil given go-ahead for drilling on Troll
Norwegian operator Statoil has been given the green light for drilling on the giant Troll gas field, in the North Sea.
Wellslot: All the North Sea drilling in one place
UK
US Senate Republicans pave way for oil drilling in Alaska refuge
Senate Republicans set the stage for using the budget to end the 37-year ban on oil and gas drilling in Alaska’s pristine Arctic National Wildlife Refuge.
Breakneck US drilling creates ‘industrial inventory’ of untapped wells waiting to flow
West Texas drillers again left scores of untapped wells in their wake last month as they drilled and pumped even more oil into the oversupplied market.
Majors slash drilling budgets as caution takes hold
Caution lights are flashing for the oil industry.