Singapore’s Ezion is slashing 2017 capex and delaying delivery of four service rigs to stop the cash outflow amid the tough offshore oil and gas environment. The company said on Thursday it would reduce its originally planned capital expenditure by approximately $270 million with the indefinite post
Cairn Energy has reached a total depth of 2,852m at the SNE-5 well off Senegal, which is the first of two firm wells planed to further evaluate the SNE oilfield. Cairn, the operator, started drilling the SNE-5 appraisal well in January. The well is located in the southern area of the SNE oil field a
The Norwegian Petroleum Directorate (NPD) has granted Repsol Norge a drilling permit for well 6705/7-1, in the Norwegian Sea. The well 6705/7-1 will be drilled by the Transocean Spitsbergen drilling rig after completing the drilling of wildcat well 205/23-3a on the British side for Hurricane. The dr
Gazpromneft Sakhalin, a Gazprom Neft subsidiary, has hired Japan Drilling’s Hakuryu-5 semi-sub rig to drill the first prospecting and appraisal well on the Ayashsky block in the Sea of Okhotsk. Gazpromneft was awarded a license for the exploration, development, and production of hydrocarbons at the
Norway’s offshore safety body, the Petroleum Safety Authority (PSA), has found one improvement point during an audit of Statoil and its works on the Johan Sverdrup-bound Haven accommodation jack-up rig. Haven is a 2011-built, 4-legged self-elevating multi-purpose unit built for the North Sea harsh e
Offshore Energy Today has recently shared several, very informative and interesting articles written by David Carter Shinn, a partner in the offshore rig brokerage firm Bassoe Offshore. We’ve now decided to pick his brains on one of the subjects that matter most to the offshore rig owners – be it th
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UAE-based rig builder Lamprell has completed the construction of a jack-up drilling rig, the Al Hudairiyat, and its delivery to Abu Dhabi’s National Drilling Company (NDC). Lamprell said on Friday the rig was built and delivered within budget and as scheduled. Completion and delivery of the jack-up
Norwegian offshore drilling contractor Fred. Olsen Energy might soon have no rigs working on the Norwegian continental shelf. What is more, the driller might soon have only one rig under contract overall. The company’s fleet consists of nine rigs; three ultra/deepwater units and five mid-water semi-
Parker Drilling, a Houston-based provider of offshore and onshore contract drilling services, sank deeper into red during the last quarter of 2016 as its revenues dipped. The driller on Wednesday reported a net loss of $48.9 million for 4Q 2016, on revenues of $94 million. For comparison, the compan
Offshore drilling contractor Rowan Companies has cold stacked one rig, sold two, and received several extensions for its jack-up drilling rigs. According to the driller’s latest fleet status report issued on Tuesday, the 1983-built jack-up Rowan California, that previously operated in the Middle Eas
Danish offshore shipowner Maersk Supply Service (MSS) shared a picture through its social media channels on Monday showing three of its AHTS vessels moving the Transocean-owned rig, the Henry Goodrich, off the East Coast of Canada. “The three musketeers,” as the company called them, were moving the
Repsol Sinopec Resources UK, formerly Talisman Sinopec Energy UK, has exercised a further month of options for the Prosafe-owned accommodation rig Safe Boreas. The operator of the accommodation rigs known as flotels, Prosafe, informed on Tuesday that the firm operational period of the Safe Boreas at
UK-based offshore drilling contractor Awilco Drilling posted a lower profit and revenues for the last quarter of 2016 when compared to the year-before period. The driller posted a net profit of $14.9 million for the fourth quarter 2016 compared to a profit of $66.7 million in the same period of 2015
