Cairn Energy has said it has hired the Stena Don semi-submersible drilling rig for the Chimera exploration well offshore the UK.
Italian oil company Eni has announced “a major oil discovery” in Block 15/06, in the Agogo exploration prospect, in Angola’s deep water.
i3 Energy, a company owning the undeveloped Liberator oil field and Serenity prospects in the North Sea, is raising cash to fund the multi-well drilling program in the area.
A little over a year ago, Awilco Drilling was just a company with two old North Sea semisubs. Now they’re on the offensive.
UK-based oil and gas company Cairn Energy will drill three wells in Mexican waters this year, two as operator and one as a partner.
Asia Offshore Drilling Limited (AOD) has secured a three-year contract extension for a jack-up drilling rig in the Middle East.
Offshore drilling giant Transocean has secured contracts for ultra-deepwater drillships, the Ocean Rig Corcovado and Ocean Rig Mykonos with Brazil’s Petrobras.
The number of offshore rigs in the U.S. was unchanged at 22 units last week, according to weekly rig count reports released by Baker Hughes, a GE company, on Friday.
UK offshore drilling contractor Awilco Drilling has exercised an option to order its second harsh-environment semi-submersible drilling rig from Keppel in Singapore for a price of $425 million. It has also decided to name a new CEO.
ADES International has entered into a short-term exploration contract with Dana Gas for deepwater drilling services in the Egyptian Mediterranean basin.
Corallian Energy has completed its Colter appraisal campaign off the UK, which has included the Colter North and the new Colter South prospects, discovering that the Colter prospect is smaller but the Colter South prospect is larger than expected.
The Petroleum Safety Authority has given a notice of order to Ocean Rig regarding the working environment and emergency preparedness on the Leiv Eiriksson rig.
Since the oil price crash in 2014, the global MODU market has suffered through a rig demand collapse, which coupled with a vast oversupply of units resulted in dismal utilisation and dwindling day rates.
The worldwide offshore rig count for February 2019 increased by 6 units sequentially and by 59 units year-over-year, according to Thursday’s report by Baker Hughes, a GE company (BHGE).
