The number of offshore drilling rigs operating in the U.S. waters has climbed this week by two units when compared to the previous week, Baker Hughes reported in its U.S. weekly rig count report. BHI Rig Count: U.S. +7 to 877 rigs U.S. Rig Count is up 7 rigs from last week to 877, with […]
Offshore driller Noble Corp. has reiterated its belief in long term-oil market fundamentals despite posting a loss of $302 million in the first quarter of the year on revenues of $363 million. The company said the loss would have been $42 million had it not been for a negative impact of non-cas disc
Norwegian offshore safety body, the Petroleum Safety Authority (PSA), has given Maersk Drilling an Acknowledgement of Compliance (AoC) for the Maersk Invincible XLE jack-up rig. This means the rig is in compliance with regulatory requirements and is allowed to carry out petroleum activities in Norwa
U.S. driller Diamond Offshore is keeping its Ocean Monarch semi-submersible drilling rig busy in Australia. In its latest fleet status report, the company has confirmed earlier reports that it had secured a contract with BHP Billiton for 13 wells + unpriced option. The dayrate is undisclosed. The ri
With rig owners and investors looking to scoop up assets at more realistic – but still low – values, transaction activity is picking up. And it’s set to continue. By David Carter Shinn We’ve been saying it for a few months: the offshore market looks better than it did six months ago. But there’s sti
UAE’s Eversendai Offshore has loaded out the first of two liftboats it is building for Vahana Offshore. The load-out of the liftboat named Aryan happened on April 27. “The load out of ARYAN today marks an important milestone for Eversendai Offshore. It goes to prove that the business diversification
Azinor Catalyst Limited, a UKCS-focused E&P company, has awarded a rig contract to one of Diamond Offshore’s semi-submersible rigs for a drilling campaign in the third quarter 2017. Azinor said on Friday that the contract was for the drilling of two operated wells using Diamond Offshore’s Ocean Guar
Oslo-listed company Ship Finance International Limited (SFL) has secured a contract for one of its jack-up drilling rigs with an unnamed national oil company in Asia. SFL said on Thursday that the rig in question was the 2007-built drilling rig Soehanah. The jack-up will be employed under a drilling
Malaysian UMW Oil and Gas’ acquisition of compatriots Icon Offshore and Orkim has fallen through. This was first reported on Thursday by Malaysia’s The Edge Markets which cited unnamed sources, only to be confirmed later by UMW itself in a Bursa Malaysia filing. UMW Oil & Gas in January announced it
Colombia’s Ecopetrol has informed that the Gorgon-1 exploratory well the Colombian Caribbean deep-water, showed presence of gas in zones with depths ranging between 3,675 and 4,415 meters below average sea level. The well is operated by Anadarko, a U.S. oil company. The discovery proves gas presence
Malaysian offshore driller UMW Drilling will sell half of the ownership in the Naga 1 semi-submersible rig to Japan Drilling Company (JDC) transferring the ownership fully to the Japanese company. UMW Drilling’s parent firm UMW Oil & Gas said in a Bursa Malaysia filing that the companies had reached
With stable oil prices, rig oversupply, and lower-than-ever dayrates, the offshore drilling market couldn’t be more attractive to oil companies. But by not keeping offshore rigs on contract, oil companies are contributing to an industry-wide breakdown which may end up coming back to haunt them. By D
Lundin Norway has found only traces of hydrocarbons during drilling ops on an appraisal well of the Gohta discovery located in PL492 in the southern Barents Sea, classifying the well as dry. Lundin Norway is the operator of PL492 and holds a 40 percent working interest in the license. Partner Aker B
Wintershall is working to enable the start of oil production from the Maria field offshore Norway in the first half of next year. Wintershall said on Tuesday that the Norwegian Minister of Petroleum and Energy, Terje Søviknes, and Wintershall CEO, Mario Mehren, visited the Deepsea Stavanger rig in t
