Oil company Rosneft, and offshore drillers Seadrill Limited and North Atlantic Drilling Limited (NADL) in 2014 signed a Framework Agreement that envisaged long-term cooperation in the sphere of oilfield development projects. Under the deal Rosneft was to acquire a 30 percent share in NADL in exchang
Offshore driller Odfjell Drilling narrowed its net loss for the first quarter of the year despite lower revenues compared to the year-before period. The driller on Wednesday posted a net loss of $7.5 million for this year’s first quarter, versus $19 million loss in the corresponding period of 2016.
The merger between Ensco and Atwood Oceanics this week marks the first significant step in a much-needed industry consolidation process. And the numbers look good for both parties.
Following an inauguration of the construction of a huge maritime services complex in Saudi Arabia earlier this year, four companies have now teamed up to build an offshore services section there. In a statement on Wednesday, offshore rig builder Lamprell said it had entered into a joint venture (JVC
Offshore driller Odfjell Drilling has signed a letter of award (LoA) with Statoil to secure Deepsea Bergen rig for drilling activities in 2018-2019. According to the driller’s Oslo Stock Exchange filing on Wednesday, the LoA includes one firm well plus 4 x 3 optional wells, which in total can secure
Offshore drilling contractor Sevan Drilling needs more time to decide whether to further postpone the delivery of its Sevan Developer rig built in China. Sevan ordered the cylindrical rig from Chinese shipbuilder Cosco in 2011. The rig was originally scheduled for delivery in the third quarter of 20
Norwegian oil company Aker BP has received consent from the offshore watchdog, the Petroleum Safety Authority (PSA), to use the Transocean Arctic rig to drill two production wells on the Alvheim field, off Norway. The two wells are designated 24/6-A-6 and 24/6-A-7 and are to be drilled in Boa, which
The Norwegian safety watchdog, the Petroleum Safety Authority (PSA), has given Eni consent to use the Scarabeo 8 drilling rig at the Goliat field in the Barents Sea. The regulator said on Tuesday that the Scarabeo 8 rig would drill two production wells. One of the two wells to be drilled will be use
Following a letter of intent in March, Odfjell Drilling has signed a two-well contract for the ultra deepwater drillship Deepsea Metro I with an undisclosed party. The letter of intent was dated March 23, 2017. It was secured by Odfjell Drilling, the manager of the rig, on behalf of Golden Close Mar
Norwegian base for supply activities to the petroleum fields, Coast Center Base (CCB), and Safe Yards have entered into a close cooperation agreement for the winterization of drilling rigs. The two companies said in a joint statement that the cooperation agreement was signed on Friday, May 26. Svein
The Norwegian offshore safety body, the Petroleum Safety Authority (PSA), has found an improvement point during an audit of the COSLPromoter semi-submersible drilling rig. The PSA said on Monday that the audit of the rig was done in the domain of structural safety. The safety body said that the audi
Following an increase by two units in the week before, the number of U.S. offshore rigs remained the same last week, according to weekly rig count reports by Baker Hughes. BHI Rig Count: U.S. +7 to 908 rigs U.S. Rig Count is up 7 rigs from last week to 908, with oil rigs up 2 to […]
Cairn Energy has started drilling the FAN South-1 exploration well into the South Fan prospect, offshore Senegal. According to a Friday statement by Far Limited, a partner in the project, the well is the first pure exploration well to be drilled offshore Senegal since the discovery wells of FAN-1 an
Octanex, an Australian-based oil and gas company, is getting ready for a drilling campaign at the Ophir field offshore Malaysia as it is waiting for a drilling rig to arrive at the field. Octanex informed on Thursday that the UMW Drilling’s 2009-built Naga 2 jack-up drilling rig will shortly begin m
