Keppel Offshore & Marine through its subsidiary in Azerbaijan, Caspian Shipyard Company (CSC), is on track to deliver a semi-submersible drilling rig to Caspian Drilling Company, a subsidiary of the State Oil Company of Azerbaijan Republic (SOCAR). The rig was named Heydar Aliyev, after the former p
Oil and gas exploration and development company Cairn Energy has completed drilling operations at the SNE-6 appraisal well offshore Senegal and is moving on to the next target. The oil company informed on Thursday that rig performance continues to be excellent and operations have been completed ahea
Oil company Faroe Petroleum has received consent from Norway’s Petroleum Safety Authority (PSA) to use the Deepsea Bergen rig to drill two appraisal wells on North Sea production license 740 where the Brasse discovery is located. The oil and gas Brasse discovery was made last June. The production li
UAE-based Gulf Marine Services (GMS), a provider of self-propelled self-elevating support vessels (SESVs) serving the offshore oil, gas and renewable energy sectors, is looking to further boost its vessel utilization after achieving an increase during the first quarter of this year. Ahead of its ann
Drilling contractor Rowan Companies has provisionally bought two Petrobras jack-up rigs for just $30 million a piece. According to a statement by Rowan, dated May 11, the company participated in a public rig auction and was the high bidder for Petrobras’ P-59 and P-60 jack-ups. The drilling contract
Oil company Aker BP has received consent from the Norwegian Petroleum Safety Authority (PSA) to use the Maersk Invincible jack-up rig for plugging wells at the Valhall field in the North Sea. The offshore safety watchdog said on Monday that the consent applies to the use of Maersk Invincible for per
A Centrica-owned oil field in the North Sea has been given a new lease of life following a £35 million ($45.3M) investment. Centrica said on Monday that it will drill a new production well at Chestnut field which aims to more than treble production and extend the life of the field which otherwise wo
Malaysia’s UMW Oil & Gas has won contracts for two jack-up drilling rigs from Petronas Carigali with a combined value of $34.8 million. The contracts for both firm and optional wells were awarded to UMW Offshore Drilling, which is a wholly-owned subsidiary of UMW Malaysian Ventures, which in turn is
The word “recovery” dominates most discussions about the offshore oil and gas industry these days – and has done so for over two years. But what does recovery actually mean? By David Carter Shinn There seems to be little doubt that a recovery in the rig market will happen one day, and from the [&h
The number of U.S. offshore rigs increased during last week, according to a Friday report by the oilfield services provider Baker Hughes. BHI Rig Count: U.S. +8 to 885 rigs U.S. Rig Count is up 8 rigs from last week to 885, with oil rigs up 9 to 712, gas rigs down 1 to 172, […]
Drilling contractor Songa Offshore posted a smaller profit for the first quarter of the year despite increase in revenues. The driller expects the North Sea rig utilization to reach historic low during this year. The company’s net profit was halved during the first quarter of 2017 totaling $5 millio
Oil company Repsol Norge has found weak traces of gas during drilling of a wildcat well in production license 705 in the Norwegian Sea, classifying the well as dry. Repsol Norge is the operator of the license with an ownership interest of 40 percent. Other licensees are DEA Norge with 30 percent and
Awilco Drilling, a UK-based offshore driller focused on the North Sea, has forecast an increased interest for offshore drilling rigs in the UK, starting in the second quarter of 2018. The company owns two semi-submersibles drilling rigs built in the 1980s, but upgraded a few years back, – the WilPho
Norway’s offshore safety watchdog, the Petroleum Safety Authority (PSA), has completed its investigation of last year’s fire on the Scarabeo 5 rig and identified several safety breaches. To remind, the fire broke out in one of the engine rooms on the Saipem-owned Scarabeo 5 drilling rig on November
