For about US$523 million, Maersk Drilling extended contract with BP to operate NA Heydar Aliyev drilling rig in Shah Deniz natural gas field in the Caspian Sea until May 2021.
Draft regulations allow hydraulic fracturing below 1,200m in protected areas, including national parks and groundwater, Reuters said. Local politicians rejected two projects that could have been first shale gas-producing wells.
Fennica is one of two ice management vessels in Shell's nearly-30 ship fleet for Chukchi Sea, Reuters said. It contains the capping stack to contain a blown-out undersea well.
The Netherlands will ban shale gas drilling for five years and not renew existing exploration licenses due to environmental concerns, Reuters said. The country seeks alternative energy sources.
The contract, which begins in mid-March 2016, secures work for West Phoenix through the end of August 2016, NADL said in a news release.
Royal Dutch Shell Plc's icebreaker vessel Fennica returned to Dutch Harbor, Alaska, with a small breech in the hull, Reuters said. Shell plans Arctic drilling off Alaska soon.
The worldwide rig count for June 2015 was 2,136, up 9 from the 2,127 counted in May 2015, and down 1,309 from the 3,445 counted in June 2014, Baker Hughes said in a news release.
Per-stage pricing for well stimulation services have fallen from $80,000 to $90,000 for standard plug and perf in fourth-quarter 2014 to the mid-$50,000 range in second-quarter 2015, according to Hart Energy telephone surveys. But the carnage in oil services pricing could be nearing the end.
Drillers added rigs in all of the major U.S. shale oil basins—three in the Eagle Ford in South Texas, two in the Bakken in North Dakota and Montana, and one each in the Niobrara in Colorado and Wyoming and the Permian in West Texas and eastern New Mexico.
The suspension will take effect once Scarabeo 5 has completed drilling a well on the Kristin Field in the middle of August.
James Parsons, CEO of U.K.-based Sound Oil Plc, said smaller E&Ps have an opportunity to expand projects while prices are low and larger E&Ps grapple with debt, Bloomberg said.
Local officials in Lancashire County, England, rejected Cuadrilla Resources Ltd.’s plans to drill shale gas at Preston New Road site, Bloomberg said. Roseacre site drilling plans were rejected last week.