rig | Egypt Oil & Gas - Part 2
Petroalam Issues a New Tender for Rigs
Egypt Oil & Gas learned that Petralam has issued a tender to lease a new rig for drilling in the Red Sea. The decision comes in light of the company’s plan to boost its production of both crude oil and natur...
PETROSILAH Drills New Exploratory Well in Western Desert
Egypt Oil & Gas has learned that PETROSILAH has completed the drilling of a new exploratory crude oil well in the Western Desert concession area in order to implement the company’s drilling program during the cur...
NORPETCO Issues Tender for New Rig in Egypt’s Western Desert
Egypt Oil & Gas has learned that NORPETCO has launched a new tender to hire a new rig to execute its drilling program for the current fiscal year in the El-Bahariya fields in the Western Desert concession area. T...
EGPC to Issue Tender for 3 Rigs
Egypt Oil & Gas (EOG) learned that EGPC will issue a tender before the end of this year to lease 3 rigs. The rigs are to drill 5 new wells operated by Petrobel and Khalda in the Western Desert.
Argentine Judge Orders Embargo on Companies Exploring Falklands Oil
An Argentine federal judge has ordered an embargo on some $156 million owned by companies exploring for oil off the Falklands Islands, over which Argentina claims sovereignty. She also has ordered them to stop their e...
Baker Hughes Claims Decline in US Weekly Oil Rig Count
Energy firms pulled three rigs from U.S. oil fields this week, the smallest drop in five weeks, data showed on Friday, a sign the collapse in drilling is coming to an end as crude prices recovered after falling 60 per...
Oil Trades at near $60 as Number of Active US Rigs Decrease
Oil traded near $60 a barrel as companies in the U.S. reduced the number of active rigs by the slowest pace since a prolonged retreat in drilling that began in December. Futures were little changed in New York after f...
Lamprell Hired to Build ‘Enhanced’ Mobile Drilling Rig for Abu Dhabi
Lamprell has previously been awarded contracts by NDC for a series of eight rigs and this ninth rig will be of the same design, a company statement said. The LeTourneau-designed, Super 116E (Enhanced) Class mobile off...
