COSCO’s Dalian shipyard and drilling contractor Northern Offshore have agreed to postpone the delivery of two jack-up drilling rigs amid challenging offshore drilling market. The shipyard received an order for two LeTourneau Super 116E jack-up drilling rigs in November 2013 and the plan was to deliv
The international offshore rig count for March 2017 was once again down both sequentially and year over year, Baker Hughes reported on Friday. According to monthly rig count reports by the oilfield services provider, the international offshore rig count for March 2017 was 197, down 3 from the 200 co
The Norwegian Petroleum Directorate (NPD) has granted Aker BP a drilling permit for a wildcat well located in the North Sea. The drilling program for well 24/9-11 S relates to the drilling of a wildcat well in production license 150 B. The well will be drilled from the Transocean Arctic semi-submers
Petrobras has been shedding rigs at an unprecedented rate over the last few years. Out of the 29 rigs they have on contract, they only have around 20 active and on full dayrate at any given time. But that doesn’t mean there’s no hope for rig owners. By David Carter Shinn For nearly a […]
The worst is over, the layup list is decreasing. But after the most brutal downturn in memory, what are we left with? Written by Inger-Louise Molver, Offshore Analyst at Westshore AHTS will see the quickest recovery Around a third of the AHTS vessels trading the spot market have disappeared since
UAE-based offshore rig builder Lamprell has completed and delivered a new jack-up rig to Shelf Drilling, a jack-up rig drilling contractor. According to Lamprell’s statement on Thursday, the Shelf Drilling Krathong jack-up rig was delivered on schedule and within budget. The rig builder added that t
Oil and gas company Cairn Energy has failed to unearth commercial quantities of oil from its exploration target at the VR-1 well offshore Senegal. To remind, Cairn had achieved the primary objective at the VR-1 well in March, which was to appraise the nearby SNE oil discovery. During the appraisal d
Offshore drilling contractor Vantage Drilling has acquired the Hercules 260 jack-up rig from the bankrupt driller Hercules Offshore and has renamed it the Vantage 260. The driller said on Wednesday that its subsidiary, Vantage Drilling Africa, bought the rig for an undisclosed amount from Hercules’
Singapore’s KS Drilling has been awarded a contract for its jack-up drilling rig KS Java Star 2 for work offshore Vietnam. KS Drilling is an investment holding company, which is an 80.09%-owned subsidiary of KS Energy. Its main activities are in the provision of onshore and offshore drilling service
A deepwater engineering company Intecsea, a part of the WorleyParsons Group, has launched a range of next generation low-motion (LM) floaters. Intecsea said on Tuesday that the new series of floaters consisted of the flagship LM-FPSO, the LM-FLNG, and the LM-SEMI. According to the company, the LM-FP
Offshore driller Vantage Drilling has been awarded a contract extension for a jack-up drilling rig. The drilling contractor revealed on social media on Tuesday that the 2009-built jack-up Aquamarine Driller has been awarded a nine-month extension with CPOC in a joint development area between Malaysi
Statoil and license partners have decided to use the semi-submersible rig Transocean Spitsbergen on three exploration wells in the UK, and then on a six-well production drilling campaign on the Aasta Hansteen license off Norway. According to Statoil’s statement on Tuesday, the exploration drilling c
iSURVEY, a provider of survey and positioning services to the global oil and gas, telecommunications, and offshore renewable sectors, has been awarded new contract with Maersk Oil in Denmark. iSURVEY said on Tuesday that the contract began in March and would last for four years. The contract also ha
A U.S. judge has let Singapore’s offshore rig builders Keppel and Sembcorp Marine off the hook in a case involving an investment fund, Brazil’s driller Sete and the oil company Petrobras. To remind, in mid-2016 Keppel and Sembcorp Marine were named defendants in an action initiated by EIG Management
