by Daren Butler (Reuters) - Libya’s internationally recognized government and Turkey have signed an agreement on maritime boundaries in the Mediterranean Sea that could complicate Ankara’s disputes over energy exploration with other countries. Turkey, which announced the accord and a deal on expanded security and military cooperation on Thursday, gave no details of their … [Read more...]
Transocean Semi-Submersible is First to Use Battery Power for Drilling Operations
Deepwater drilling contractor Transocean says it has deployed that world’s first hybrid battery system on floating drilling rig to supplement power needs during drilling operations. They hybrid energy storage system was deployed on its Transocean Spitsbergen semi-submersible at the Snorre Field in Norway. Transocean says the patented technology targets a 14 percent … [Read more...]
Seadrill’s West Gemini Awarded Contract in West Africa
Offshore drilling contractor Seadrill has announced a contract award from an undisclosed customer for its ultra-deepwater drillship West Gemini in West Africa. The nine-well contract includes three options, each for two wells, and has a total contract value of approximately $84 million. Commencement is expected to start in early Q4 2019 and continue through Q4 … [Read more...]
Shell Plans South Africa Oil Expansion With Second Deal
By Paul Burkhardt (Bloomberg) -- Royal Dutch Shell Plc is planning to acquire an oil-block stake in a second deal in South Africa’s relatively unexplored waters, months after a major discovery by Total SA boosted the country’s hydrocarbon prospects. Shell has applied to take a stake in a license owned by OK Energy, located in deep waters off South Africa’s west coast, … [Read more...]
Trump Said to Ease Drilling Rules Sparked by 2010 Gulf Oil Spill
By Jennifer A. Dlouhy (Bloomberg) -- The Trump administration is poised to relax offshore drilling requirements imposed in response to the Deepwater Horizon disaster that killed 11 people in 2010 and unleashed the worst oil spill in U.S. history. The Interior Department will unveil its final plan Thursday to ease some of the mandates, following industry complaints … [Read more...]