drilling | Egypt Oil & Gas - Part 29
Brazil Reconsidering Role of Foreign Firms in Deepwater
There’s a growing chorus of lawmakers advocating a bigger role for foreign oil companies in Brazil’s prized deepwater discoveries as the national producer grapples with the industry’s biggest debt load and funding con...
Greenpeace Boards Shell Vessel in Protest of Arctic Plans
Arctic-drilling protesters from Greenpeace climbed aboard a Royal Dutch Shell Plc oil rig Monday as it was transported across the Pacific Ocean northwest of Hawaii. Six Greenpeace members approached the rig, the Polar...
Argentina Threatens Legal Action Over Falkland Island Drilling Activity
Argentina is threatening to take legal action against Britain over oil drilling off the coast of the Falkland Islands. Three fuel companies registered in London declared that there are untapped reserves to be tested. ...
Drills and Capex Sacrificed by KMG EP Due to Oil Prices
KMG EP has revised its 2015 budget and capital expenditure is expected to be $457 million, which is $164 million, or 26%, less than the capital expenditure plan for 2015 approved in December 2014. This is 34% lower th...
Circle Withdraws from High-Risk Onshore Oman Well
Circle Oil has had to plug and abandon its Shisr-1 well onshore Oman because of drilling difficulties and failing to find hydrocarbons. Further to the financial and operating update published on 12 February 2015, in w...
Oman: $116 million for New Drilling Project
Dalma Energy, a leading drilling contractor, has partnered with National Bank of Oman (NBO) for the financing of a new project for Petroleum Development Oman (PDO), according to a report. The $116.24 million funding t...
Qatari Drilling Outfit Makes Record Profits
Qatar’s Gulf International Services (GIS) on Tuesday reported a 108.4% increase in net profit last year after strong growth in the company’s drilling sector and a one-off non-cash accounting adjustment. Net profit for...
Offshore Drilling Set to Increase in 2015
Based on Douglas-Westwood’s offshore drilling forecast, there are still plenty of wells to be drilled if the 2015 oil prices average between $50-70/bbl. Total wells drilled could be expected to increase by 17% by 2020...
