The worldwide offshore rig count moved to 308 active units in August, up by 9 from 299 in July 2015, and down 73 from August 2014, Baker Hughes reported Tuesday. According to the report, the international offshore rig count for…

Canadian energy company Husky Energy has started production from a second oil well at the South White Rose extension drill centre offshore Newfoundland and Labrador. The two wells are expected to ramp up to a combined net peak production of…

Australian oil and gas exploration and production company Woodside has launched a takeover offer for Oil Search. In a statement issued Wednesday, the company said it had provided Oil Search a confidential and non-binding proposal to merge through a scheme…

Norwegian drilling company Odfjell Drilling has won a drilling rig contract from Wintershall Norge AS, as part of the recently approved Maria field development in the Norwegian Sea. Under the agreement, Odfjell Drilling will provide the semi-submersible drilling rig Deepsea…

EMAS AMC, a subsea services division of Ezra Holdings, has finalized a contract with BHP Billiton for the Angostura phase 3 development offshore Trinidad and Tobago. The total scope of work includes the project management, fabrication, construction and installation of…

BEIJING/MOSCOW (Reuters) – Russia and Venezuela need to combine efforts to lift oil prices, President Vladimir Putin told his Venezuelan counterpart Nicolas Maduro on Thursday, but refused to spell out any specific action, including output cuts. Maduro, who met Putin…

Norwegian oil company Statoil has made a small oil discovery in the North Sea, offshore Norway. The well is located in the production licence 104, 150 kilometres west of Bergen. The purpose of the well was to prove petroleum in…

Xodus Group has been awarded a contract with Nexen Petroleum U.K. to provide Front End Engineering and Design (FEED) services in support of the decommissioning of the Ettrick and Blackbird fields in the central North Sea. According to Xodus, the…

China’s COSL signed a contract with Statoil and Rosneft to drill two exploration wells in the Magadan-1 and Lisyansky areas of the Okhotsk Sea in 2016. The driller has been hired by Magadanmorneftegaz, Lisyanskmorneftegaz, joint ventures of Rosneft and Statoil.…

Malaysia’s UMW Oil & Gas Corporation Berhad (UMW-OG), has taken delivery of a new jack-up drilling rig, from Singapore’s Keppel Fels. According to Keppel, the rig construction was finished 32 days before schedule. This is the third KFELS B Class…