Italian oil company Eni has completed drilling of an exploration well in the Barents Sea but found no hydrocarbons as a result. The 7183/12-2 Boné exploration well is located in license PL716 where Eni is the operator with 30% interest. The partners in the license are Faroe Petroleum (20%), Bayernga
Malaysian drilling contractor UMW Offshore Drilling has won a contract from oilfield services provider Petrofac for the provision of jack-up drilling rig services in Malaysia. UMW Offshore Drilling, a subsidiary of UMW Malaysian Ventures which is, in turn, a subsidiary of UMW Oil & Gas Corporation (
Norwegian state-owned oil company Statoil has launched an investigation into a gas leak on the company’s Åsgard field offshore Norway. Åsgard is the Statoil-operated crude oil, condensate and gas field, located in Haltenbanken in the Norwegian Sea, around 200 kilometers off mid-Norway and 50 kilomet
Dutch design and engineering company GustoMSC has presented its latest NG series self-propelled jack-up design, the NG-5500X-LD, suitable for light drilling and well intervention in mature fields. GustoMSC said on Tuesday that the latest design was based on the NG-2500X and NG-1800X designs and that
Finland’s Wärtsilä has signed a five-year technical management and services agreement with Songa Offshore for four Cat D type semi-submersible drilling rigs operating in the North Sea. Wärtsilä said on Tuesday that the company would ensure optimal performance and maximum availability of the Wärtsilä
Offshore driller Ocean Rig has reached an agreement with the Norwegian offshore workers’ union, Industri Energi, to “clean up” the social dumping on its Leiv Eiriksson rig. To remind, Industri Energi in early February discovered social dumping on the Ocean Rig-owned semi-submersible drilling rig Lei
Oil and gas company Hoang Long has resumed the 2017 Te Giac Trang (TGT) drilling program, offshore Vietnam. Te Giac Trang field is located in Block 16-1, in the shallow water Cuu Long Basin, offshore southern Vietnam. It is operated by the Hoang Long joint operating company in which partners Soco In
Drilling contractor Paragon Offshore has been awarded a contract for a jack-up rig in the UK sector of the North Sea and decided to scrap one semi-submersible rig. In its latest fleet status report issued on Friday, March 10 the driller said the jack-up rig B391 has been awarded a subsea plug and ab
Malaysian drilling contractor UMW Offshore Drilling has been awarded a contract for the provision of a jack-up drilling rig from compatriot Vestigo Petroleum. UMW Offshore Drilling, a subsidiary of UMW Malaysian Ventures which is in turn a subsidiary of UMW Oil & Gas Corporation (UMW-OG), will suppl
Offshore driller Seadrill has reached a settlement agreement with Hyundai Samho Heavy Industries Co Ltd. (HSHI) in relation to the West Mira rig arbitration. To remind, Seadrill in September 2015 terminated a contract with Hyundai for the construction of the West Mira, a sixth generation ultra-deepw
The U.S. offshore rig count climbed up to 20 units last week, according to weekly rig count reports by the oilfield services provider Baker Hughes. BHI Rig Count: U.S. +12 to 768 rigs U.S. Rig Count is up 12 rigs from last week to 768, with oil rigs up 8 to 617, gas rigs up […]
Drilling contractor Paragon Offshore posted a deeper net loss for the fourth quarter 2016 compared to the prior-year fourth quarter due to jack-up rig impairments. The driller on Friday reported fourth quarter 2016 net loss of $244.4 million, as compared to fourth quarter 2015 net loss of $23.3 mill
Norwegian oil company Statoil has completed the drilling of wildcat well 6507/3-12 and appraisal well 6507/3-12 A, offshore Norway. The wells proved gas. The wells were drilled about six kilometers east of the Alve field in the northern part of the Norwegian Sea and about 200 kilometers west of Sand
While delivery dates for the 107 jackups under construction get pushed back toward 2020, the path to achieving deliveries couldn’t be more obstructive. By David Carter Shinn Last week, COSCO Shipyard announced that it “sees no notable upturn in the global market any time soon” and will close three
