Westwood Global Energy reports that as of May 27 there were no exploration and appraisal wells active in the UK. In light of the Covid-19 pandemic and oil price crash, there have been a large number of E&A wells deferred to 2021.
Drilling contractor Archer is to cut between 12-15% of its global workforce of 5,000 as a result of the oil price crash and Covid-19 pandemic.
Westwood Global Energy reports that as of April 28 there were no exploration and appraisal (E&A) wells active in the UK. In light of the Covid-19 pandemic and subsequent oil price crash, there has been a large number of E&A wells deferred from 2020 to 2021.
Drilling firm Valaris has set out plans to cut up to 332 jobs across its offshore rig fleet as contracts are cancelled amid the Covid-19 pandemic.
With the oil price crash and COVID-19, the near-term outlook for the offshore rig market is on a lot of minds.
Aberdeenshire-based Paradigm Drilling Services has appointed a new managing director to boost growth in the global oil and gas market.
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.
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 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 Energy has set out formal plans to list on the London Stock Exchange’s main market. The listing should take place by September 30.
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.
The world’s largest offshore drilling firm EnscoRowan has announced plans to change its name to Valaris.
Offshore rig rates are due to surge within two years as activity accelerates, according to new data.
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.
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 is ready for the limelight again.
A north-east drilling and engineering company has continued its hot streak of contract wins for global onshore jobs.
North Sea contractor Awilco Drilling has ordered a new semi-submersible rig for £325 million – and found a new chief executive.
Rig contractor Ensco has increased its takeover offer for rival firm Rowan.
UK Continental Shelf
After more than 3 years of taking a hammering, drillers are set to rise.
The government shutdown is now delaying the rollout of President Donald Trump's plans to expand offshore drilling.
Five workers are missing following a gas explosion at a drilling site in Oklahoma, according to a news report.
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.
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.