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Exploration & Production

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Business & Finance
Green light to Statoil for Mim appraisal
Exploration & Production

Green light to Statoil for Mim appraisal

The Norwegian Petroleum Directorate (NPD) has granted Statoil a drilling permit for an appraisal well in the Norwegian Sea. The well 6507/3-12 A will be drilled with the Deepsea Bergen semi-submersible drilling rig, which is owned and operated by Odfjell Drilling. The drilling program for well 6507/

about 9 years ago
Odfjell Drilling picks up LoA for South Africa work
Exploration & Production

Odfjell Drilling picks up LoA for South Africa work

Odfjell Drilling has signed a conditional letter of award (LoA) with an unnamed “oil major” for a one-well contract to be drilled by the 6th generation semi-sub, Deepsea Stavanger, offshore South Africa. The driller said on Wednesday that the contract start is back to back with completion of the upc

about 9 years ago
Semco Maritime revamps Island Innovator semi-sub
Exploration & Production

Semco Maritime revamps Island Innovator semi-sub

Norwegian project engineering company Semco Maritime has completed the upgrade project on the Island Innovator semi-submersible drilling rig. Semco said on Tuesday that the rig left the company’s yard at Hanøytangen on Friday, February 24. The rig has been in the yard since September 2016. After var

about 9 years ago
Ensco back in black
Exploration & Production

Ensco back in black

Offshore driller Ensco returned to profit during the fourth quarter of 2016 versus a net loss in the prior-year quarter as its revenues declined due to lower rig utilization. The driller on Monday reported net profit attributable to Ensco of $39 million for the fourth quarter 2016, compared to a los

about 9 years ago
Greenpeace confronts Statoil’s Arctic-bound rig (GALLERY)
Exploration & Production

Greenpeace confronts Statoil’s Arctic-bound rig (GALLERY)

Activists from Greenpeace Nordic and Greenpeace Germany are today, February 27, 2017, protesting near a drilling rig, which is working for Statoil, in a fjord in northern Norway. According to a Monday statement by the environmental organization, the activists – in kayaks near the rig – are peacefull

about 9 years ago
Adma Opco hires Al Hudairiyat jack-up rig
Exploration & Production

Adma Opco hires Al Hudairiyat jack-up rig

Abu Dhabi national oil company Adma Opco has hired the Al Hudairiyat jack-up rig from National Drilling Company (NDC). The drilling rig was delivered by Lamprell earlier this month in the UAE. According to VesselsValue website, the rig will stay on a contract with Adma Opco for a year and a half, un

about 9 years ago
Odfjell Drilling cuts rates to support GCMC restructuring
Exploration & Production

Odfjell Drilling cuts rates to support GCMC restructuring

Golden Close Maritime Corp., the owner of the Deep Sea Metro I drillship, is working to restructure debt, as it looks at a long term financing solution amid the challenging offshore oil and gas market. The company has suffered from the reduction in business activity and rates as there is a reduced d

about 9 years ago
U.S. offshore rig count continues downward trend
Exploration & Production

U.S. offshore rig count continues downward trend

Following a decline in the previous two weeks, the U.S. offshore rig count fell by one more unit last week according to weekly rig count reports by the oilfield services provider Baker Hughes. BHI Rig Count: U.S. +3 to 754 rigs U.S. Rig Count is up 3 rigs from last week to 754, with oil […]

about 9 years ago
Rowan sinks to quarterly loss
Exploration & Production

Rowan sinks to quarterly loss

Offshore driller Rowan Companies sank to a loss during the fourth quarter 2016 as its revenues dipped, driven by a decline in the deepwater and jack-up segment. For the quarter ended December 31, 2016, Rowan on Friday reported a net loss of $24.4 million, compared to net income of $124.4 million in

about 9 years ago
Songa Enabler rig back to drilling earlier than expected
Exploration & Production

Songa Enabler rig back to drilling earlier than expected

Offshore driller Songa Offshore expects its Songa Enabler drilling rig to resume drilling operations soon, following a suspension by Statoil. Songa Offshore on October 31, 2016, received a notification from Statoil for suspension of Songa Enabler and on December 29, 2016, the rig went on 75% suspens

about 9 years ago
Lundin finds oil and gas in Filicudi prospect
Exploration & Production

Lundin finds oil and gas in Filicudi prospect

Lundin Norway, operator of production license 533, has completed the drilling of wildcat well 7219/12-1 and appraisal well 7219/12-1 A, in the Barents Sea. The well proved oil and gas. The company gained a drilling permit for the wildcat in September 2016 and for the appraisal in January 2017. The p

about 9 years ago
Noble scoops P&A work with ExxonMobil
Exploration & Production

Noble scoops P&A work with ExxonMobil

Offshore drilling contractor Noble Corporation has been awarded a contract for a jack-up rig from ExxonMobil in Canada. In its fleet status report on Thursday, Noble reported that the 2013-built jack-up drilling rig Noble Regina Allen has been hired for a 22-well plug and abandonment (P&A) program,

about 9 years ago
Ocean Rig gets drillship termination from ConocoPhillips
Exploration & Production

Ocean Rig gets drillship termination from ConocoPhillips

Offshore driller Ocean Rig has received a contract termination for one of its drilling rigs and reached an agreement in a dispute over contract termination for another drilling rig. In its 4Q 2016 report on Wednesday, Ocean Rig said it has reached an agreement with ConocoPhillips to terminate the co

about 9 years ago
VIDEO: Huge Maersk rig heading for Norway seen offshore Namibia
Exploration & Production

VIDEO: Huge Maersk rig heading for Norway seen offshore Namibia

Danish offshore driller Maersk Drilling posted a video on Thursday via social media channels showing one of its XLE rigs offshore Namibia on its way to Norway.

about 9 years ago
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