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Exploration & Production

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Fossil EnergyBusiness & Finance
Diamond stacks one, plans to sell five semi-sub rigs
Exploration & Production

Diamond stacks one, plans to sell five semi-sub rigs

Drilling contractor Diamond Offshore has stacked one semi-sub rig and is selling five others, according to its latest fleet status report on Monday. The fleet report on Monday revealed that the semi-sub Ocean Victory has been stacked in the U.S. Gulf of Mexico. The rig previously worked for BP offsh

about 9 years ago
Operator declares force majeure on Deepsea Metro I contract
Exploration & Production

Operator declares force majeure on Deepsea Metro I contract

Golden Close Maritime Corp, the owner of the Deepsea Metro I drillship, managed by Odfjel Drilling, has received a force majeure notice on the drillship contract. To remind, the rig owner in May said it had secured a contract in South East Asia for the DeepSea Metro I drillship with an undisclosed p

about 9 years ago
Diamond Offshore returns to quarterly profit
Exploration & Production

Diamond Offshore returns to quarterly profit

U.S. deepwater drilling contractor Diamond Offshore returned to profit in the second quarter of the year from a loss in the prior-year period. For the second quarter of 2017, the driller on Monday posted a profit of $15.9 million, which compares to a net loss of $589.9 million in the prior-year quar

about 9 years ago
Statoil gets drilling permit for Korpfjell well
Exploration & Production

Statoil gets drilling permit for Korpfjell well

The Norwegian Petroleum Directorate (NPD) has granted oil major Statoil a drilling permit for a Barents Sea wildcat well. The well, designated 7435/12-1, will be drilled from the Songa Enabler drilling rig following the drilling of wildcat well 7325/4-1 located in the Gemini Nord prospect in the Hoo

about 9 years ago
GALLERY: Semi-sub Bluewhale II on sea trials
Exploration & Production

GALLERY: Semi-sub Bluewhale II on sea trials

Chinese shipbuilder CIMC Raffles has started sea trials for the ultra-deepwater drilling rig Bluewhale II, following the completion of equipment testing. CIMC started sea trials of the rig over the weekend and they are expected to last for three weeks, the builder reported on Monday. Designed to ope

about 9 years ago
U.S. offshore rig count inches up
Exploration & Production

U.S. offshore rig count inches up

The number of U.S. offshore rigs increased to 24 units last week, according to Friday rig count reports by Baker Hughes, a GE company. Baker Hughes Rig Count: U.S. +8 to 958 rigs U.S. Rig Count is up 8 rigs from last week to 958, with oil rigs up 2 to 766 and gas rigs […]

about 9 years ago
Aker BP gains drilling permit for Hyrokkin
Exploration & Production

Aker BP gains drilling permit for Hyrokkin

The Norwegian Petroleum Directorate (NPD) has granted Aker BP a drilling permit for well 25/4-11 in the North Sea. The well 25/4-11, located in a prospect named Hyrokkin, will be drilled by the Maersk Interceptor drilling rig north of Alvheim in the North Sea. The drilling program for well 25/4-11 r

about 9 years ago
Report: Spanish oil company stops Vietnam drilling amid China pressure
Exploration & Production

Report: Spanish oil company stops Vietnam drilling amid China pressure

Spanish oil giant Repsol has reportedly stopped drilling for oil and gas in the Vietnamese waters, after China’s alleged threats. BBC has this week reported, citing an industry source, that Vietnam ordered Repsol to cease its drilling operations in the part of the South China Sea claimed both by Chi

about 9 years ago
New contracts revive two Transocean rigs
Exploration & Production

New contracts revive two Transocean rigs

Offshore drilling contractor Transocean has secured more work for its drilling rigs, which meant returning from idle state for a couple of them, and decided to sell two. In its quarterly fleet status report on Tuesday, Transocean confirmed that the ultra-deepwater semi-submersible GSF Development Dr

about 9 years ago
W&T Offshore hires ex-Hercules rig to drill Gulf of Mexico prospect
Exploration & Production

W&T Offshore hires ex-Hercules rig to drill Gulf of Mexico prospect

Houston-based oil and gas company W&T Offshore has contracted a jack-up rig previously owned by the bankrupt driller Hercules Offshore to drill the South Timbalier 224 (ST 224) gas/condensate prospect in the U.S. Gulf of Mexico. W&T Offshore is the operator of the license with a 39 percent stake. It

about 9 years ago
Xena joins Greenpeace in fight against Statoil’s Barents Sea drilling
Exploration & Production

Xena joins Greenpeace in fight against Statoil’s Barents Sea drilling

Eleven activists from the Greenpeace ship Arctic Sunrise took to the water in inflatable boats on Friday to protest against Statoil’s exploration activities in the Arctic Barents Sea, offshore Norway. The activists were joined by actress Lucy Lawless, known for her role in the TV show Xena: Warrior

about 9 years ago
U.S. weekly offshore rig count rises to 23
Exploration & Production

U.S. weekly offshore rig count rises to 23

The number of active offshore rigs operating in the U.S. water rose this week to 23, according to Baker Hughes, as of recently a GE company. Baker Hughes Rig Count: U.S. -2 to 950 rigs U.S. Rig Count is down 2 rigs from last week to 950, with oil rigs down 1 to 764 […]

about 9 years ago
New rig contracts pour in for Ensco
Exploration & Production

New rig contracts pour in for Ensco

UK-based offshore driller Ensco has found work for a number of its jack-up as well as semi-submersible drilling rigs in the North Sea, Gulf of Mexico, Australia, and Qatar. According to the driller’s latest fleet status report issued on Thursday, two semi-submersible drilling rigs have been awarded

about 9 years ago
Noble terminates Atwood Advantage drillship contract
Exploration & Production

Noble terminates Atwood Advantage drillship contract

Noble Energy and its partners at the giant Leviathan gas field have terminated the contract for the Atwood Advantage drillship. According to Delek, a partner in the field the Leviathan 5 appraisal and production well, being drilled by the rig, is expected to be completed soon, after reaching the fin

about 9 years ago
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