Call them speculative, but the drilling companies and investors buying offshore rigs at today’s values could be dominating the industry soon.
Offshore driller Shelf Drilling has found work for one of its West Africa-based jack-up drilling rigs. According to information provided VesselsValue (VV), an unnamed Nigerian charterer has hired Shelf Drilling’s Adriatic I jack-up rig for an undisclosed dayrate. VV further revealed that the Maratho
Norwegian offshore driller Odfjell Drilling has chosen the Averøy Industripark AS industrial area to place its Deepsea Bergen rig into, ahead of the next assignment. According to a statement by Averoy, the rig is expected in the yard on Monday where it will be warm-stacked and maintained for its nex
U.S. oil company Murphy Oil has reportedly hired one of PV Drilling’s offshore rigs on a one-month firm deal. According to VesselsValue (VV), Murphy Oil hired the PV Drilling III jack-up rig for an undisclosed dayrate. Data from VV indicates that the Keppel FELS B class jack-up rig was contracted la
Norwegian oil giant Statoil is preparing to welcome the first of the two high-spec Cat J jack-up rigs built by Samsung Heavy Industries. According to a video shared by the oil firm, the first of the two Cat-J rigs – the Askeladden- is is set to reach Norway next week. A few weeks later, the second [
Austrian oil company OMV has struck oil in the 7324/8-3 well, appraising the Wisting discovery in the Barents Sea. The well was drilled about two kilometers south of the discovery well 7324/8-1 and 315 kilometers north of Hammerfest. The Norwegian Petroleum Directorate said on Monday that discovery
Twinza Oil has informed that the COSL Seeker jack-up drilling rig has left the Port Moresby Harbour for its drilling location in the Gulf of Papua. According to the oil company, this was the first time residents of Port Moresby had the opportunity of seeing a modern jack-up drilling rig capable of w
Heerema Marine Contractors has shared images showing the loading of the semi-submersible crane vessel Hermod on the heavy transport vessel Dockwise Vanguard, marking the beginning of the end for the crane vessel built in 1970s. To remind, HMC announced last week that the company was going to retire
Indebted offshore driller Seadrill Limited has entered into a restructuring agreement with the majority of its lenders which will see over $1 billion of new capital injected into the company. The driller informed on Wednesday the agreement was backed by more than 97 percent of its secured bank lende
Offshore driller Borr Drilling has accepted a letter of intent from BW Energy Dussafu, a subsidiary of BW Offshore, for a drilling campaign offshore Gabon. Borr’s high-specification jack-up rig Norve will be utilized to drill and complete two subsea development wells, the driller informed on Wednesd
Oil company Total E&P UK has extended the charter of the Prosafe-owned flotel Safe Caledonia currently operating in the North Sea. The Safe Caledonia semi-submersible accommodation rig is operating at the Elgin-Franklin offshore platform in the UK sector of the North Sea. Total initially awarded the
Shelf Drilling, a shallow water offshore drilling contractor, has secured contracts for two of its jack-up drilling rigs in Dubai. Shelf’s two drilling rigs, Shelf Drilling Tenacious and the Shelf Drilling Mentor (previously called the West Mischief), have each won a two-year contract with Dubai Pet
Byron Energy has signed a drilling contract with Ensco for the Ensco 68 jack-up rig to carry out the South Marsh Island Block 71 (SM 71) drilling and completion program in the U.S. Gulf of Mexico. Otto Energy, a partner in SM 71, said on Tuesday that the Ensco 68 rig would be available before [&hell
Norwegian oil and gas explorer Wellesley Petroleum has failed to find hydrocarbons at its Goanna exploration well offshore Norway. The well, located in licence PL 881 in the Norwegian North Sea, was spud in late August. It is operated by Wellesley with 70% interest and the remaining 30% interest is
