AGR, a construction and engineering project management service company, has been awarded a contract from Jacktel for maintenance work on the Haven MODU, currently preparing for work on Statoil’s Johan Sverdrup field off Norway. AGR said on Monday that the contract entails management of surface treat
The weekly U.S. offshore rig count dropped by one unit, according to rig count report by the oilfield services provider Baker Hughes. BHI Rig Count: U.S. +12 to 741 rigs U.S. Rig Count is up 12 rigs from last week to 741, with oil rigs up 8 to 591, gas rigs up 4 to 149, […]
The joint venture between Saudi Aramco and Rowan is very significant, and will undoubtedly have implications in all of the Middle East. By David Carter Shinn The Middle East is one of the most important offshore drilling rig markets in the world. For jackups, it’s the center of the universe: out o
Drilling contractor Noble Corporation posted a bigger loss for the fourth quarter 2016, compared to the year-before period, due to rig impairment charges. For the fourth quarter of 2016, the company on Thursday reported a net loss attributable to Noble Corporation of $1.3 billion, on revenues of $41
Offshore drilling contractor Transocean has decided to scrap two semi-subs and idle two drillships and one semi-submersible drilling rig. The driller has also been awarded several new contracts. In its latest fleet status report on Thursday the driller said that the deepwater semi-submersible M.G. H
Prosafe, an operator of accommodation rigs known as flotels, narrowed its loss during the fourth quarter 2016 and saw an increase in revenues while expecting the market to pick up next year. For the fourth quarter of 2016, the company on Thursday posted a net loss of $32.7 million, which was smaller
The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway a drilling permit for an appraisal well on the Edvard Grieg field, offshore Norway. The well 16/1-27 will be drilled from the Island Innovator semi-submersible drilling rig, in a southwesterly extension of the Edvard Grieg field in
Danish offshore driller Maersk Drilling posted a net loss for the fourth quarter of 2016 “in the middle of the worst downturn in the history of the industry.” According to an annual report for 2016 from the driller’s parent company Maersk Group, despite significant cost optimization initiatives, Mae
Houston-based drilling contractor Diamond Offshore has informed that its new drilling rig the Ocean GreatWhite is now under a reduced standby rate with the oil major BP. Diamond’s harsh-environment sixth-generation, semi-submersible drilling rig, the Ocean GreatWhite, was delivered by South Korea’s
The international offshore rig count for the first month of the year was down both sequentially and year over year, according to rig count reports by the oilfield services provider Baker Hughes. Baker Hughes’ report shows that the international offshore rig count for January 2017 was 206, down 4 fro
Drilling contractor Diamond Offshore went from red to black during the fourth quarter of 2016 while its revenues dropped, compared to the same period in 2015. The driller on Monday reported a net income of $116.08 million for 4Q 2016, compared to a loss of $245.4 million in the corresponding period
Drilling contractor Songa Offshore has informed that the Cat D rig Songa Encourage is on its way back to a field offshore Norway following repairs of a damage caused by recent water leak. To remind, following the water ingress in the rig’s pump room on January 2, 2017, the Songa Encourage has been a
The UK-based offshore driller Ensco has reportedly found work for one of its jack-up drilling rigs for a three-month period. Data from VesselsValue shows that the company’s Ensco 87 jack-up rig was chartered on February 1 by an undisclosed client. The site did not reveal any data regarding the dayra
Maersk Drilling’s semi-submersible drilling rig Heydar Aliyev, working for BP in Azerbaijan, has been renamed back to its original name, the Maersk Explorer. Maersk Drilling told Offshore Energy Today that the rig name was changed back to its original one, Maersk Explorer, about a month ago, per agr
