The Latest Oil and Gas News

The latest offshore industry oil and gas news is gathered from a wide range of sources and aims to be fresh and up to the minute as possible, and includes useful upstream and downstream news and information.

It is updated daily with latest news and information that includes the following subjects

- oil rig safety and HSE alerts

- drill rig equipment information

- deepwater offshore drilling news

- offshore oil and gas production news

- accidents and incidents

- the latest contracts for rigs and installations

- oilfield recruitment news

- oilfield industry company news

- oilfield drilling and production activity

- and a lot more oil and gas news as well

The latest oilfield and and offshore drilling industry information and news will be posted on this oil and gas news page.

There is a lot going on, with exploration, new discoveries, new drill rigs and construction new, drill rig incidents, accidents, rig activity rates, employment opportunities and a lot more.

Latest Oil and Gas News

NEPTUNE EXPLORER COMPLETED

Neptune Marine Oil & Gas have just completed a US$340 million upgrade of its DP deepwater drillship Neptune Explorer. The Pelican class drillship was acquired in 2005, and has undergone major upgrading and reactivation works at the Sembawang Shipyard in Singapore. The overhaul of the drillship included the installation of a new fifth-generation drilling package.

NEW DRILLSHIP

Chevron USA Inc. has started operations with the Transocean Discoverer Clear Leader ultra-deepwater drillship in the Gulf of Mexico. Chevron is using the specially built vessel under a 5-year contract with Transocean on projects including Tahiti and Jack/St. Malo fields. Transocean technology enables the drillship to conduct parallel drilling operations from a single derrick. The ship can drill to 40,000 ft in as much as 12,000 ft of water. The drilling contractor will commission a second drillship for Chevron, the Discoverer Inspiration, early next year. The vessels are among five ultra-deepwater enhanced Enterprise-class drillships that Transocean plans to commission this year and next. Others, all under contract, are Discoverer Americas, Discoverer India, and Discoverer Luanda. The double-hull, dynamically positioned Discoverer Clear Leader is 835 ft long, 125 ft wide, and a 62 ft deep and has an operating draft of 42 ft. Its moon pool measures 72.5 ft by 30 ft. The 226-ft dual-activity derrick measures 80 ft by 80 ft at the base and 20 ft by 60 ft at the top. The ship can work in winds up to 60 knots and waves as high as 30 ft. Daewoo Shipbuilding & Marine Engineering Co. Ltd. built the ship at Okpo, South Korea.

Timor Sea Rig Blowout Update

The attempt to plug a well which has been leaking oil into the Timor Sea for more than a month has failed. The spill at PTTEP Australasia's Montara well-head platform, where Seadrills jackup rig West Atlas was drilling more than 200km off the Kimberley coast, began on August 21. Some images after the incident showed sweet light crude oil and condensate enveloping the rig and personnel were all safely evacuated. PTTEP have announced that the first attempt to pump heavy mud into the leaking well have failed. The drilling team had to locate and intersect a piece of steel casing, 2.6km below the sea bed. The intercept operation may involve several passes and complex calculations using sophisticated equipment and software to narrow down the exact location of the leaking well casing. The rescue intervention rig West Triton is performing the task. In spite of the politicizing of the incident such events like this are very rare. The causes of the incident are being investigated. All The Latest Oil and Gas News

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