The global offshore drilling industry will stabilize this year but is unlikely to return to growth until 2011. Following a sharp decline in 2009, global drilling is predicted to rise 12% in 2010-2014 compared with the previous five years.
Houston-based Pride International Inc. has dedicated the first of its four new deepwater drillships under construction by Samsung Heavy Industries in South Korea, the Deep Ocean Ascension.
Italian oil and gas producer Eni has made two new oil discoveries in Block 15/06, in deep Angolan waters.
The Windjammer exploration well in the frontier Rovuma Basin offshore Mozambique, an Anadarko Petroleum Corp. project, has reached an intermediate casing point and encountered more than 480 net feet of natural gas pay.
An ExxonMobil affiliate recently signed an agreement with a Petrobras affiliate and the Turkish National Oil Company (TPAO) to explore for hydrocarbons over 7.4 million acres in the deepwater Black Sea offshore Turkey.
Anadarko hits 480 ft of pay in first find offshore Mozambique ...
... identified play types in Anadarko's operated acreage offshore Mozambique. ... move the Belford Dolphin drillship to its ... Cove Energy Mozambique Rovuma Offshore Ltd. ...
Upstream outlook stable, refining under pressure - Oil & Gas ...
... Offshore drilling companies continue to look to the current ... and production company focused on the deepwater US Gulf of Mexico and offshore Angola and Gabon ...
Drillinginfo acquires HPDI - Oil & Gas Financial Journal
... Among the key benefits of acquiring HPDI is the immediate expansion of our coverage to every oil and gas producing state in the US as well as offshore Gulf of ...
KNOC to acquire Canada's Harvest Energy for US$3.9B - Oil & ...
... by StatoilHydro ASA in the North Sea, a $190M five-year contract by Petrobras in offshore Brazil, and a $140M three-year contract by Total SA in offshore Angola ...
Shell wins conditional approval to explore Beaufort Sea - Oil & ...
... Bay, including the use of one drillship with one ... 31 Ltd., has participated in the deepwater Tebe discovery ... in the southern portion of Block 31 offshore Angola. ...
