Danish offshore driller Maersk Drilling has been awarded a contract by Shell for the deepwater semi-submersible rig Maersk Developer and extensions for rig contracts by two other clients. The contract with Shell covers the drilling and completion of three wells, and the suspension of one well, all l
Danish offshore driller Maersk Drilling does not expect to see financial improvements from an increase in offshore rig demand until the market reaches a stable oil price above $60 per barrel or until industry cost levels adjust further to a lower oil price. The current oil price remains below levels
Shares of the AIM-listed Sirius Petroleum have been temporarily suspended as Sirius awaits transition from an investing to operating company related to its role in the Ororo field development located offshore Nigeria. The Ororo field, discovered in 1986, is located within OML 95 in shallow waters of
Danish offshore driller Maersk Drilling saw a significant decrease in profit and revenues during the second quarter 2017 impacted by ten idle rigs in the period. Maersk Drilling’s profit for the second quarter 2017 tumbled to $28 million from $164 million in the prior-year second quarter. According
Azinor Catalyst, the Seacrest Capital Group-backed E&P company focused on the UK Continental Shelf, has started drilling an exploration well at the Partridge prospect in the UK sector of the North Sea. Azinor informed that the 14/11a-2 well on the Partridge prospect was spudded at approximately 6.30
Following an announcement that Transocean is buying its rival driller Songa Offshore in a $3.4 billion worth deal, the Norwegian workers union, Industri Energi, said it expects a smooth transition process. Early on Tuesday, the Swiss-based driller Transocean reported its intention to acquire 100 per
Switzerland-based offshore driller Transocean is buying its rival Norwegian-Cypriot offshore driller Songa Offshore in a $3.4 billion worth deal. Transocean has reached an agreement with Songa Offshore to acquire 100 percent of the issued and outstanding shares of Songa Offshore, including shares is
Offshore rig builder Lamprell has reached a settlement with Cameron, a subsidiary of Schlumberger, regarding issues with jacking equipment supplied by Cameron in 2016 for the Ensco 140 jack-up rig. To remind, Lamprell’s delivery of the Ensco 140 jack-up rig was delayed in June 2016 due to a technica
Offshore driller Odfjell Drilling has signed a contract with Aker BP for the 2010-built Deepsea Stavanger semi-submersible drilling rig. The driller informed on Thursday that the contract with Aker BP is for a period of approximately nine months, starting in February 2018 and completing around Octob
Offshore driller Atwood Oceanics has won a one-well contract at an undisclosed dayrate for operations offshore Northwest Africa with Kosmos Energy for the ultra-deepwater drillship, the Atwood Achiever. The new contract will start immediately following the completion of the well in progress under th
Oil services company Archer has been awarded a four-year contract for plug and abandonment (P&A) rig operations by Repsol. According to Archer’s statement on Wednesday, the contract scope includes permanent plugging and abandonment of the wells on the Gyda platform operated by Repsol Norge. The Gyda
Oil giant Saudi Aramco has signed contracts that will mark the start of works on what is going to be the giant maritime complex known as King Salman International Complex for Maritime Industries and Services in Ras Al-Khair. The company signed a contract with a consortium comprising Saudi Archirodon
Following a “major” gas discovery offshore Senegal earlier this year, the U.S. oil company Kosmos Energy plans to drill three more wells off Mauritania and Senegal in 2017, starting with Hippocampe well later this month. In the company’s 2Q 2017 conference call on Monday, talking about Kosmos’ plans
Norwegian offshore drilling contractor Borr Drilling, formerly known as Magni Drilling, has resolved to apply for a listing of its shares on the Oslo Stock Exchange (Oslo Børs) in the second half of August 2017. In a statement on Friday, August 4 the driller said the target for the listing is to inc
