U.S.-based offshore drilling contractor Diamond Offshore booked a smaller profit for the third quarter of the year despite increase in revenues. During the quarter, the driller won two one-well contracts. The driller on Monday posted a net income of $10.8 million for the third quarter 2017, a decrea
The number of U.S. offshore rigs remained unchanged for the second week in a row, according to weekly rig count reports issued on Friday by Baker Hughes, a GE company. Baker Hughes Rig Count: U.S. -4 to 909 rigs U.S. Rig Count is down 4 rigs from last week to 909, with oil rigs up 1 […]
Transocean-owned newbuild ultra-deepwater drillship Deepwater Pontus has started operations for Shell in the U.S. Gulf of Mexico. Transocean said in its fleet status report on Thursday that the Deepwater Pontus drillship began its ten-year contract with Shell in late October. The drillship is operat
Independent E&P company Talos Energy has completed its Tornado II deepwater drilling program, located in the Phoenix Field of the Green Canyon area of the Gulf of Mexico, extending the proved limit of the original Tornado discovery. The Tornado II drilling program consisted of an exploratory test pe
Oil and gas company Tullow Oil has failed to make a commercial discovery at its Araku-1 well, offshore Suriname. The Araku-1 exploration well in Suriname has been drilled to a total depth of 2,685 meters and penetrated the objectives of the Araku prospect, Tullow informed on Friday. The company furt
Offshore drilling contractor Ensco booked a loss in the third quarter of this year, after reporting a profit in the same period last year. The driller’s revenues were impacted by fewer rig days and lower dayrates. The UK-based driller, which recently completed its acquisition of Atwood Oceanics, on
Neptune Survey has been awarded a rig positioning contract by Australian oil and gas company Quadrant Energy. Neptune said on Thursday that the deal was for Transocean’s GSF Development Driller-1 rig which would begin a drilling campaign for Quadrant in the first quarter of 2018. Neptune added that
An oil worker from Scotland employed on a Stena Drilling-owned drillship has reportedly died after falling into a harbor in the Canary Islands. According to a Monday report by BBC, the worker was a member of the crew on the Stena IceMAX drillship, which is currently moored in Las Palmas. UK’s Evenin
Fred. Olsen Energy’s entire offshore rig fleet will be out of action soon once its last working rig comes off contract next month. The offshore fleet of Fred. Olsen Energy with subsidiaries consists of three ultra-deepwater/deepwater units and four harsh environment mid-water semi-submersible drilli
Greek oil company Energean Oil & Gas has reportedly hired one of Stena Drilling’s drillships last week on a term deal set to begin in 2018. According to information provided by VesselsValue, Energean hired Stena Drilling’s Stena Forth drillship last Monday on a five-month deal. The contract will beg
Singapore’s industrial conglomerate Keppel Corporation posted a revenue of S$1,6 billion for the third quarter of 2017, an increase S$158 million or 11% above that of 3Q 2016. However, revenue from the Offshore & Marine Division, Keppel is mostly famous for, declined by S$136 million to S$380 millio
KrisEnergy, an independent oil and gas company, has started drilling the East Mayura-1 exploration well in the G10/48 contract area in the Gulf of Thailand. The PV Drilling I jack-up drilling rig started drilling the exploration well in the G10/48 contract area on Friday, October 20, 2017. The oil c
Houston-based oil and gas company W&T Offshore has started drilling the ST 224 #1 well within the South Timbalier 224 (ST 224) lease in the Gulf of Mexico. W&T Offshore is the operator of the ST 224 lease with a 39% stake and Otto Energy is its partner with a 25% interest. According to Otto’s statem
Offshore driller Rowan Companies has been awarded several new contracts and extensions for its jack-up rigs while some of its other rigs have recently come off contracts. According to Rowan’s fleet status report on Thursday, the contract for the jack-up rig Rowan Norway with Repsol Sinopec in the UK
