Faroe Petroleum, an independent oil and gas company, has set a date for the drilling of an appraisal well on the Brasse discovery in the North Sea. Faroe said on Wednesday that, after receiving all required consents, the 31/7-2S Brasse appraisal well would be spud on or around May 18, 2017, at the e
Offshore drilling contractor Atwood Oceanics has sold one of its semi-submersible drilling rigs for scrap after recording a loss and decrease in revenues in the first quarter 2017. The offshore driller said on Monday that it had recognized a net loss of $28.9 million on revenues of $167.7 million fo
Norway’s safety watchdog, the Petroleum Safety Authority (PSA), has found no non-conformities during an audit of the Transocean Arctic semi-submersible rig. PSA said on Monday that the conducted audit of the Transocean Arctic was done in respect to structural safety. Even though no non-conformities
Oil and gas exploration and production company Kosmos Energy on Monday announced what it claims to be a “major” gas discovery offshore Senegal. According to the company’s statement, Yakaar-1 is the first well in a series of four independent tests of the basin floor fan fairways, outboard of the prov
Norwegian oil major Statoil has received consent from the Petroleum Safety Authority (PSA) to use the Songa Encourage rig for drilling and completing a production well on the Troll field in the North Sea. The Troll field is around 65 kilometers west of Kollsnes in Hordaland county. It has been devel
Offshore ultra-deepwater driller Pacific Drilling sank deeper into the red during the first quarter of 2017 while its revenues almost halved during the period when compared to the year-before quarter. The driller on Friday posted a net loss for the first quarter 2017 of $99.8 million, compared to ne
Oil company Lundin has received consent from the Petroleum Safety Authority (PSA) to drill an exploration well in the Barents Sea with the Ocean Rig-owned Leiv Eiriksson drilling rig. The well is located in block 7220 in the Lundin-operated production license 609 in the Barents Sea off Norway. The o
The number of offshore drilling rigs operating in the U.S. waters has climbed this week by two units when compared to the previous week, Baker Hughes reported in its U.S. weekly rig count report. BHI Rig Count: U.S. +7 to 877 rigs U.S. Rig Count is up 7 rigs from last week to 877, with […]
Offshore driller Noble Corp. has reiterated its belief in long term-oil market fundamentals despite posting a loss of $302 million in the first quarter of the year on revenues of $363 million. The company said the loss would have been $42 million had it not been for a negative impact of non-cas disc
Norwegian offshore safety body, the Petroleum Safety Authority (PSA), has given Maersk Drilling an Acknowledgement of Compliance (AoC) for the Maersk Invincible XLE jack-up rig. This means the rig is in compliance with regulatory requirements and is allowed to carry out petroleum activities in Norwa
U.S. driller Diamond Offshore is keeping its Ocean Monarch semi-submersible drilling rig busy in Australia. In its latest fleet status report, the company has confirmed earlier reports that it had secured a contract with BHP Billiton for 13 wells + unpriced option. The dayrate is undisclosed. The ri
With rig owners and investors looking to scoop up assets at more realistic – but still low – values, transaction activity is picking up. And it’s set to continue. By David Carter Shinn We’ve been saying it for a few months: the offshore market looks better than it did six months ago. But there’s sti
UAE’s Eversendai Offshore has loaded out the first of two liftboats it is building for Vahana Offshore. The load-out of the liftboat named Aryan happened on April 27. “The load out of ARYAN today marks an important milestone for Eversendai Offshore. It goes to prove that the business diversification
Azinor Catalyst Limited, a UKCS-focused E&P company, has awarded a rig contract to one of Diamond Offshore’s semi-submersible rigs for a drilling campaign in the third quarter 2017. Azinor said on Friday that the contract was for the drilling of two operated wells using Diamond Offshore’s Ocean Guar
