Monday 3 August 2015
 
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Drilling

China's Honghua wins Iraq drilling services contract

China-based Honghua Group, a leading global land drilling rig manufacturer, said it has entered into an agreement worth $26 million with an Iraqi firm to provide oilfield drilling services for the company. The deal signed early th

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Baker Hughes wins Norway drilling contract

Norway's oil and gas firm Statoil said on Monday it has awarded Baker Hughes a 1.5 billion Norwegian crown ($187.20 million) contract for integrated drilling services at Johan Sverdrup field. The contract is valid for six year

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Baker Hughes wins Norway drilling contract

Norway's oil and gas firm Statoil said on Monday it has awarded Baker Hughes a 1.5 billion Norwegian crown ($187.20 million) contract for integrated drilling services at Johan Sverdrup field. The contract is valid for six year

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Kerui delivers third-gen fast moving drilling rig to Dalma

Kerui, an integrated international drilling engineering services, has delivered its latest third-generation fast-moving drilling rig to the leading drilling contractor Dalma. The rig was shipped to the Middle East, based on the st

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Iraq agrees $526m drilling deal for West Qurna oilfield

Iraq's cabinet has approved a $526.6 million drilling deal with China's Zhongman for the West Qurna Two oilfield, the government said in a statement on Tuesday. Under the 28-month contract, Zhongman Petroleum and Natural G

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Mideast OFS spend to recover as oil prices rise

Middle East and Asia, the onshore dominated regions, is set to see a recovery in expenditure as oil prices rise, due to the sensitivity of onshore driving activity to changes in oil price, according to a recent forecast. The Dougl

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Drilling decline inevitable as oil price remains low

Onshore drilling is set to decline 20 per cent this year, resulting in the smallest annual production growth for six year at just one per cent, according to a report. The first quarter 2015 edition of Douglas-Westwood’s (DW)

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Drilling decline inevitable as oil price remains low

Onshore drilling is set to decline 20 per cent this year, resulting in the smallest annual production growth for six year at just one per cent, according to a report. The first quarter 2015 edition of Douglas-Westwood’s (DW)

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Kuwait to boost drilling rigs, crude capacity despite low oil price

Kuwait plans to boost its oil and gas drilling rigs by 50 per cent by early 2016 as it seeks to boost crude and gas production despite low oil prices, the head of state-run Kuwait Oil Co (KOC) said.   The Gulf st

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Saudi Aramco to cut drilling costs, hold rig count steady

State oil giant Saudi Aramco has asked oilfield service companies for discounts due to tumbling crude prices and is expected to keep its overall rig count steady this year, industry sources said.

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