Trøim and Fredriksen go all in on rig purchases while droves of investors look to jump on for the ride. If the market continues its recovery, they’ll do well. By David Carter Shinn Since last week, there have been two offshore rig transactions involving 17 rigs. Some of the details are still not pub
The Maersk Invincible, one of the world’s largest jack-up drilling rigs, has reached Norway after a long journey from South Korea, where it was built. The piece of information on the rig’s arrival to Norway was shared by its owner Maersk Drilling through social media on Wednesday. “Maersk Invincible
Offshore drilling contractor Noble Corporation has been awarded a contract for a jack-up rig in Australia. In its latest fleet status report on Thursday, the driller said that the 2014-built jack-up drilling rig Noble Tom Prosser has been awarded a contract with PTTEP offshore Australia. The contrac
Oil company Statoil has received consent from the Petroleum Safety Authority (PSA) to drill an exploration well in the Barents Sea, off Norway, with the Songa Enabler drilling rig. According to the PSA’s statement on Thursday, the company has received consent to drill the exploration well 7121/8-1 i
German oil firm Wintershall has started drilling operations on the Maria field, offshore Norway. According to Wintershall’s social media channels, the Deepsea Stavanger drilling rig has started drilling on the field in the Norwegian Sea and will drill a total of six wells with the beginning of produ
Odfjell Drilling has secured a letter of intent (LOI) with an undisclosed party for a two well contract for the ultra deepwater drillship, Deepsea Metro I. The unit is owned by Golden Close Maritime Corp. Ltd. and managed by Odfjell Drilling. The area of operation is in South-East Asia, Odfjell Dril
Subsea technology and services provider 4Subsea has been awarded a master service agreement with Statoil and a contract with Odfjell Drilling on Maria field, offshore Norway. The contract with Statoil is to deliver services and research projects related to structural integrity of fixed and floating
Norwegian safety watchdog, the Petroleum Safety Authority (PSA), has found three improvement points during a safety probe of Lundin’s managed pressure drilling (MPD) in the Barents Sea. To remind, Lundin received a drilling permit for the 7120/1-5 exploration well in mid-December 2016. The Barents S
Norwegian offshore drilling contractor Borr Drilling, formerly known as Magni Drilling, is planning to buy 15 jack-up drilling rigs from Swiss-based Transocean for $1.35 billion. Borr Drilling announced on Monday the signing of a letter of intent with Transocean for the acquisition of 15 high-specif
Packed full of jackup rigs which owners don’t want to take delivery of, shipyards are doing little to help their situation. They could benefit from a more commercial approach. By David Carter Shinn As we noted in our previous article, 107 jackup rigs are sitting at yards with yards and owners cont
After finding itself in dire straits, the Norwegian offshore drilling contractor Island Drilling ASA has made a decision to take on financial restructuring, which will involve a change from a public to a private company. Island Drilling was formed in 2006 by industry veterans and the well interventi
The operator of the giant Leviathan gas field offshore Israel, Noble Energy, will drill another development and production well at the field, the Leviathan-7. Noble Energy holds 39.66% stake at the Leviathan gas field. Its partner Avner Oil Exploration has 22.67% interest, Delek Drilling owns 15%, a
Atlantic Navigation, a provider of marine logistics services, has, through its country representative in the Middle East, been awarded a $44 million charter contract for its liftboat, the AOS Maintainer I. The contract was awarded by a Middle Eastern National Oil Company (NOC). According to Atlantic
Norwegian offshore drilling company Odfjell Drilling has received a letter of intent for further employment of its semi-submersible drilling rig Deepsea Bergen for one firm high-pressure high-temperature (HPHT) well off Norway. Odfjell Drilling said on Wednesday that the deal was with an undisclosed
