According to an August 24 report from Morning Star UK, the offshore industry's second-quarter results saw gloomy forecasts for jackups and midwater rigs. Negative customer expectations surrounding commodity prices and difficult well economics mean lower demand for offshore drilling…
StatoilHydro has begun production from the Tyrihans oil and gas field in the Norwegian Sea. The new field comprises Tyrihans South, an oil field with a gas cap, and Tyrihans North, a gas and condensate discovery with a thin oil zone. The recoverable…
On June 28, the Sevan Driller, first circular drilling rig prepared for drilling at a water depth of almost 4,200 m was named at COSCO Shipyard Group's Qidong Shipyard. A grand naming ceremony was held at the site to celebrate the completion…
SSP Offshore Inc. of Houston, TX has entered into an agreement with Dubai-based Global Process Systems Inc. (GPS) to form Global SSP, a 50/50 joint venture. The new JV, based in Singapore, will focus on commercializing the proprietary SSP platform…
Ziff Energy Group has completed the 7th edition of its Gulf of Mexico Deepwater Improving Field Performance (IFP) study, which evaluated pre-hurricane 2008 & 2007 operating costs for more than two dozen producing Deepwater assets. Participants included Deepwater operators…
Secretary of the Interior Ken Salazar appointed Liz Birnbaum, an attorney with two decades of federal government and private sector experience in energy and environmental policy, as Director of the Department’s Minerals Management Service. The appointment does not require Senate confirmation…
A small oil discovery has been made by StatoilHydro in the Titan prospect directly east of northern Visund in the Tampen area of the Norwegian North Sea. Made by exploration wells 34/8-13 A and 34/8-13 S, this strike is estimated to contain 5…
