Odfjell Drilling has received a letter of intent from an undisclosed party for further employment for its semi-submersible drilling rig Deepsea Bergen offshore Norway. Odfjell Drilling informed on Monday that the letter of intent is for one firm exploration well plus optional sidetrack and well test
Ocean Rig filed for Chapter 15 bankruptcy protection this week. Another lower-cost offshore rig owner is now emerging and will be a competitive force toward owners who are still restricted by high debt and legacy costs. By David Carter Shinn With around $3.7 billion in debt and a fleet of 11 drill
Nido Petroleum has started drilling operations at the Galoc-7 appraisal well offshore The Philippines. The company is using the Deepsea Metro I drillship for the well located in Block C1 of Service Contract 14. According a recent statement by Odfjell, the Deepsea Metro I has been contracted for one
Russia’s largest privately-held oil company Lukoil and Gazprom Neft have conducted a joint exercise “Arctic-2017” to simulate oil spill response in ice conditions in the Arkhangelsk region. Lukoil said on Tuesday that the exercise took place in the Barents Sea, near the Varandey fixed offloading ter
Aberdeen-based Rigmar Services has been awarded a contract by Maersk Drilling to support its operations in the UK sector of the North Sea. Rigmar said on Wednesday that the new contract with Maersk would be managed from the company’s offices in Aberdeen. The value of the contract was not disclosed.
Following a bankruptcy protection filing by the offshore driller Ocean Rig, VesselsValue (VV) has provided its valuation of the driller’s rig fleet. According to VV, the driller’s fleet value took a massive hit the last twelve months, dropping some 40 percent. In order to deal with insolvency cases
Interim judicial managers of Singapore’s Swissco, a provider of offshore rigs and vessels, have decided to sell the company’s stake in three jointly-owned rigs to Ezion Holdings. Offshore Energy Today reported earlier this month that Swissco was in confidential discussions with Ezion Investments, a
Offshore driller Ocean Rig has filed for Chapter 15 bankruptcy protection in a United States court amid a prolonged downturn in the offshore drilling market. The purpose of Chapter 15 is to provide effective mechanisms for dealing with insolvency cases involving debtors, assets, claimants, and other
The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway a drilling permit for an appraisal well offshore Norway. According to the NPD’s report on Tuesday, the well 7220/11-4 will be drilled from the Leiv Eiriksson semi-submersible drilling rig. The drilling program for the well 7220/11-4
Repsol Sinopec Resources UK Limited, formerly Talisman Sinopec Energy UK Limited, has exercised a further four weeks of options for the Prosafe-owned flotel Safe Boreas. Prosafe said on Tuesday that the Safe Boreas will continue operations for Repsol Sinopec at Montrose A in the UK sector of the Nor
Offshore driller Maersk Drilling has been awarded a contract for the harsh environment jack-up rig Maersk Gallant by Nexen Petroleum U.K., a wholly owned subsidiary of CNOOC Limited. The driller said on Monday that the contract covers the drilling of the High-pressure, High-temperature (HPHT) explor
Offshore drilling contractor Noble Corporation and General Electric (GE) have entered into a partnership to work on an advanced data analytics system for offshore drilling rigs known as Digital Rig (SM). Noble said on Monday that the Digital Rig solution aims to improve the operational productivity
Cairn Energy has struck oil at the VR-1 well, offshore Senegal, appraising the SNE oil discovery made back in 2014. According to Far Ltd, a partner in the project, drilling operations at the VR-1 appraisal well offshore Senegal have reached a depth of 2759m, wireline logging and sampling through the
The number of offshore rigs in the U.S. dropped by one more unit last week, Baker Hughes informed in its report on Friday. The rig count was also down by one unit in the week before. BHI Rig Count: U.S. +20 to 809 rigs U.S. Rig Count is up 20 rigs from last week to […]
