The number of offshore rigs operating in the U.S. is down by four units last week, according to a report by Baker Hughes, a GE company. Baker Hughes Rig Count: U.S. -4 to 936 rigs U.S. Rig Count is down 4 rigs from last week to 936, with oil rigs down by two to 748, […]
The Norwegian Petroleum Directorate (NPD) has granted Norwegian oil major Statoil a drilling permit for a Gina Krog wildcat well offshore Norway. The well, designated 15/6-14 S, will be drilled from the Maersk Integrator drilling rig, north of the Gina Krog field in the central part of the North Sea
The international offshore rig count in September 2017 dropped by 31 unit year-over-year, according to a Friday report by Baker Hughes, a GE company. The international offshore rig count for September 2017 was 190, down 11 from the 201 counted in August 2017, and down 31 from the 221 counted in Sept
Offshore driller Borr Drilling has teamed up with Schlumberger, world’s largest oilfield services company, to offer integrated, performance-based drilling contracts in the offshore jack-up market. Borr said it would offer the service by leveraging the Schlumberger global foot print, infrastructure a
Maersk Drilling-owned semi-submersible drilling rig Maersk Deliverer has been awarded a new contract by JX Nippon with an estimated duration of 30 days. Maersk Deliverer is the fifth rig that Maersk Drilling has reactivated from warm stacking within the past eight months. The contract covers the dri
U.S.-based oil & gas operator W&T Offshore will start drilling the South Timbalier 224 (ST 224) lease in the Gulf Of Mexico in mid-October. W&T Offshore is the operator of the ST 224 lease with a 39 percent stake. Otto Energy is its partner with a 25% interest. The operator contracted a jack-up rig
By: David Carter Shinn High rig utilization isn’t just a dream. It’s a requirement for a meaningful recovery in dayrates. When utilization in the offshore rig market reaches around 85%, dayrates start to rise significantly. As utilization moves from 60%, for example, up toward over 80%, dayrates inc
Sembcorp Marine’s subsidiary PPL Shipyard has terminated contracts with Oro Negro, a Mexican drilling services provider, for the construction of three jack-up rigs. The contracts were with Integradora de Servicios Petroleros Oro Negro, S.A.P.I. de C.V. and its subsidiary Oro Negro Vastus. The jack-u
Brazilian oil and gas regulator ANP last week held a licensing round, offering 287 offshore and onshore exploration blocks for oil companies to bid for. Out of the 287 blocks, it offered 76 offshore blocks in the Santos basin, the second largest producer of oil and the first of natural gas in Brazil
Norwegian oil company Aker BP has completed the drilling of an appraisal well and a wildcat well in the North Sea offshore Norway. The appraisal well 25/2-19 S and wildcat well 25/2-19 A were drilled in the central part of the North Sea, about 12 kilometers northeast of the Frøy field and 200 kilome
The number of offshore rigs operating in the U.S. climbed up by three units last week, according to a Friday report by Baker Hughes, a GE company. Baker Hughes Rig Count: U.S. +5 to 940 rigs U.S. Rig Count is up 5 rigs from last week to 940, with oil rigs up 6 to 750, […]
Hansa Hydrocarbons and Oranje-Nassau Energie B.V. (ONE) have encountered what they say is a significant gas discovery in the North Sea. Hansa Hydrocarbons informed on Tuesday, September 26 that the N05-1 exploration well drilled offshore Netherlands on its GEms licences, had been confirmed as a sign
Lundin Norway has completed drilling of exploration well 7220/6-3 on the Børselv prospect in PL609 on the Loppa High in the southern Barents Sea. The well was dry. The well was drilled approx. 20 kilometers north of the oil and gas discovery 7220/6-2 R (Neiden), 30 kilometers northeast of Johan Cast
The Norwegian Petroleum Directorate (NPD) has granted Bayerngas Norge a drilling permit for a wildcat well offshore Norway. The well 35/9-13 will be drilled from the Songa Enabler Cat D drilling rig, after completing the drilling of wildcat well 7317/9-1 for Statoil in production license 718, the No
