Drill

Oil Shale

Argentina to Subsidize Shale Gas Production With $5.1 Billion

Argentina will give subsidies of a total of US$5.1 billion to shale gas drillers in an attempt to revive production in its Vaca Muerta shale play and attract as…

Oil&Gas Drilling

South Australia Eyes more Gas Exploration

Private-sector exploration expenditure will increase from A$158mn a year in 2018 to a sustainable average of A$300mn a year by 2025, the SA government said.

Oil&Gas Drilling

PNOC, CNOOC to Start South China Sea Joint Venture by 2021

The Philippine National Oil Company has agreed to start an energy exploration venture with the China National Offshore Oil Corp in the South China Sea by 2021.

Oil&Gas Drilling

Turkish President Announces More Natural Gas Reserves in Black Sea

"Total amount of natural gas reserves in the Tuna-1 well in Sakarya Gas Field reached 405 billion cubic meters," he said after his inspections at the ship.

Oil&Gas Drilling

Philippines Lifts Ban On Oil Exploration In South China Sea

The Philippines is lifting a moratorium on oil and gas exploration in the South China Sea that could lead to the Philippines and China potentially creating a jo…

Crude Oil

Russian Oil Companies Plan Significant Drilling Cuts For 2021

Russian oil producers who have already reduced their drilling activity by a third this year may cut it further by 20 percent.

Oil&Gas Drilling

West Bollsta Rig Drills Lundin’s Polmak Well

Swedish oil and gas company Lundin has spudded the Polmak well in the Barents Sea offshore Norway, using the West Bollsta semi-submersible drilling rig.

Oil&Gas Drilling

Hibiscus Petroleum Buys into 3D Oil License off Australia

Malaysia’s Hibiscus Petroleum has completed its 50 per cent acquisition of interest in the exploration permit VIC/P74 offshore Australia from 3D Oil.

Oil&Gas Drilling

Noble Corporation Scores Rig Extension Deal with ExxonMobil

Offshore drilling contractor Noble Corporation has been awarded a long-term extension for the ultra-deepwater drillship Noble Tom Madden from ExxonMobil.

Oil&Gas Drilling

Oil Exploration In Norway Slumps By A Third

Oil exploration in the Norwegian continental shelf has slumped by close to a third amid the oil price rout.

Oil&Gas Drilling

U.S. Offshore Rig Count Stable at 14 Units

The number of active rigs in the U.S. remained unchanged over the course of last week, according to a weekly rig count report by Baker Hughes.

Oil&Gas Drilling

Total Moves Tyra Project Into the Next Phase Following Jacket Installation

French oil major Total has installed two new jackets for the Tyra field redevelopment project located in the Danish North Sea.

Oil&Gas Drilling

KrisEnergy Gets Funding to Bring Cambodia Offshore Project Online

KrisEnergy has reached a loan deal with Kepinvest Singapore to assist the company with bringing the Apsara project off Cambodia online on schedule.

Oil&Gas Drilling

Neptune Makes First Step in Offshore Execution of North Sea project

According to information on Neptune’s website, first oil from the project is expected in 2022.

Oil&Gas Drilling

Stena Drilling Lands Drillship Deal with Repsol in Mexico

Offshore drilling contractor Stena Drilling has won a drilling contract with Spanish oil company Repsol for operations offshore Mexico.