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U.S. oil major ExxonMobil is set to drill another well in the Canje Block, offshore Guyana, after it was last week announced that the first well drilled -the Bulletwood-1 - failed to strike commercial oil volumes. ExxonMobil has now moved Stena Drilling's Stena Carron drillship to the Jabillo-1 well location in the same block and... Continue Reading →
Offshore seismic player Shearwater GeoServices has secured a contract for a 4D monitor acquisition survey from Total E&P Angola. The survey comprises a two-month project on the GJDR development area of Block 17 commencing in Q1 2021. For the purpose of the project, Shearwater said it will utilise one of its multisensor equipped vessels; in... Continue Reading →
ABSG Consulting Inc. (ABS Consulting) has signed an exclusive global licensing agreement to offer an innovative ultrasonic non-destructive testing (NDT) solution that supports expanded use of composite materials on offshore assets to extend service life. Developed to test the heat shield on the Orion space capsule, this is the first proven nondestructive evaluation (NDE) technology... Continue Reading →
French oil services group CGG said on Friday it expects its 2021 segment revenue to increase by low single digits from the previous year, mainly driven by growth in its equipment business and a gradual recovery in geoscience from the second-half of the year. The group, which provides geophysical services and equipment to oil and... Continue Reading →
Offshore drilling contractor Valaris has obtained court approval for its Chapter 11 plan of reorganization and agreed with a South Korean shipyard to delay the delivery of two drillships. To remind, Valaris filed for bankruptcy protection in an attempt to restructure its debt back in August 2020. In late September 2020, the rig owner executed a new term... Continue Reading →
Offshore project commitments are expected to not only recover but reach a new record—cumulatively almost 600 projects in the 5-year period toward 2025—according to Rystad Energy. Deepwater commitments will see the largest growth as costs have become much more competitive against greenfield continental shelf reserves. For this analysis, Rystad defined a project as committed when... Continue Reading →
Offshore drilling rig contractor Seadrill said on Thursday it had taken an additional $2.9 billion non-cash impairment on its assets due to a bleak outlook for the sector, which has reduced demand for its drilling rigs. Seadrill, which in February filed for Chapter 11 bankruptcy protection in the United States for the second time in... Continue Reading →
ExxonMobil has failed to find commercial quantities of oil at the Bulletwood-1 offshore well in the Canje Block, offshore Guyana. The well, spudded on December 30, 2020, was drilled using the Stena Carron drillship and was the first well drilled in the Canje Block off Guyana. The 4,800 sq km Canje Block lies 180km offshore... Continue Reading →
The Stena Carron drillship most recently used by ExxonMobil to drill the Bulletwood-1 well in the Canje Block offshore Guyana has moved to a new drilling location. This is according to Westmount Energy which owns an indirect interest in the Canje Block, through its 7.2% stake in JHI Associates, which is a partner in the... Continue Reading →
Oilfield services giant Baker Hughes and Norway's Akastor on Monday said they would create a joint venture that will bring together Baker Hughes’ Subsea Drilling Systems (SDS) business with Akastor’s subsidiary, MHWirth AS (MHWirth). MHWirth provides advanced drilling solutions and services, and Baker Hughes’ SDS business is a division of the Oilfield Equipment segment of... Continue Reading →
