Offshore driller Ensco in May announced a proposed acquisition of its rival Atwood Oceanics, which will, once and if completed, make Ensco one of the world’s largest jack-up owners, but will also add several hi-spec floaters to its fleet. To remind, it was agreed that under the proposed merger, Atwo
The international offshore rig count for July 2017 dropped by 22 units year-over-year, Baker Hughes, a GE company, said in its monthly report on Monday. Namely, according to Baker Hughes’ report, the international offshore rig count for July 2017 was 204, up 7 from the 197 counted in June 2017, and
Prosafe, an owner and operator of semi-submersible accommodation rigs known as flotels, will lay up another one of its units, following contract completion with Petrobras. In its operational update for 2Q 2017 on Monday, Prosafe said that its 2005-built flotel Safe Concordia was fully contracted in
Norway’s Statoil has made a small, non-commercial, gas discovery in the Gemini North well, northeast of the Wisting discovery in the Barents Sea. The well also proved oil, Statoil said on Monday. “The well was drilled with the ambition of proving up additional oil resources in the vicinity of the Wi
London-listed Cairn Energy has found oil and gas in the SNE North-1 exploration well off Senegal. With this well finished, Cairn has completed its exploration drilling campaign for the year. The company announced the results of the SNE North-1 exploration well on Monday, saying that the well encount
Offshore watchdog the Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum a drilling permit for a wildcat well in the Barents Sea offshore Norway. The well 7317/9-1 is located in a prospect named Koigen Central. It will be drilled from the Songa Enabler Cat D semi-submersible drillin
Offshore driller Noble Corporation fell to a loss for the second quarter of the year dragged down by a significant reduction in revenues caused by a decline in fleet operating days and slashed dayrates in floating rig fleet. The driller reported a net loss attributable to the company for the second
Debt-laden offshore driller Pacific Drilling is evaluating its options, including Chapter 11 bankruptcy, after bondholders of a $439 million bond rejected the company’s request to extend the maturity date beyond December 1, 2017. The company which this week lost long-serving CEO who left “to pursue
U.S. offshore driller Vantage Drilling saw an increase in revenues in the second quarter of the year lifted by jack-up rig contributions. Earlier this week, Vantage reported a net loss of approximately $36.6 million for the three months ended June 30, 2017 as compared to a net loss of $35.7 million
Offshore driller Transocean posted a net loss of $1,69 billion for the second quarter of 2017, compared to a net income of $82 million in the second quarter of 2016, dragged down by jack-up fleet impairment. Revenues were $751 million, down from $940 million a year ago. Second quarter 2017 results i
U.S. offshore driller Rowan Companies sank to a loss during this year’s second quarter with its revenues nearly halved during the period. The driller on Wednesday reported a net loss of $28.7 million for the second quarter of 2017 compared to net income of $216.7 million in the second quarter of 201
The Norwegian Petroleum Directorate (NPD) has granted OMV a drilling permit for an appraisal well on the Wisting discovery in the Barents Sea, offshore Norway. The well 7324/8-3 will be drilled from the Island Innovator semi-submersible drilling rig for the use of which the oil company gained consen
Offshore drilling company Pacific Drilling has informed that its CEO Christian J. Beckett has stepped down from his positions as CEO and as a member of the Board to pursue other opportunities. The company, which provides ultra-deepwater drilling services to the oil and natural gas industry, announce
Oil company Erin Energy on Tuesday announced the arrival of the Pacific Drilling-owned drillship, the Pacific Bora, to the Oyo field offshore Nigeria. Erin executed a drilling services contract with Pacific Drilling for the use of the Pacific Bora back in March. Under the contract, the drillship is
