Offshore drilling contractor Vantage Drilling has acquired the Hercules 260 jack-up rig from the bankrupt driller Hercules Offshore and has renamed it the Vantage 260. The driller said on Wednesday that its subsidiary, Vantage Drilling Africa, bought the rig for an undisclosed amount from Hercules’
Singapore’s KS Drilling has been awarded a contract for its jack-up drilling rig KS Java Star 2 for work offshore Vietnam. KS Drilling is an investment holding company, which is an 80.09%-owned subsidiary of KS Energy. Its main activities are in the provision of onshore and offshore drilling service
A deepwater engineering company Intecsea, a part of the WorleyParsons Group, has launched a range of next generation low-motion (LM) floaters. Intecsea said on Tuesday that the new series of floaters consisted of the flagship LM-FPSO, the LM-FLNG, and the LM-SEMI. According to the company, the LM-FP
Offshore driller Vantage Drilling has been awarded a contract extension for a jack-up drilling rig. The drilling contractor revealed on social media on Tuesday that the 2009-built jack-up Aquamarine Driller has been awarded a nine-month extension with CPOC in a joint development area between Malaysi
Statoil and license partners have decided to use the semi-submersible rig Transocean Spitsbergen on three exploration wells in the UK, and then on a six-well production drilling campaign on the Aasta Hansteen license off Norway. According to Statoil’s statement on Tuesday, the exploration drilling c
iSURVEY, a provider of survey and positioning services to the global oil and gas, telecommunications, and offshore renewable sectors, has been awarded new contract with Maersk Oil in Denmark. iSURVEY said on Tuesday that the contract began in March and would last for four years. The contract also ha
A U.S. judge has let Singapore’s offshore rig builders Keppel and Sembcorp Marine off the hook in a case involving an investment fund, Brazil’s driller Sete and the oil company Petrobras. To remind, in mid-2016 Keppel and Sembcorp Marine were named defendants in an action initiated by EIG Management
Odfjell Drilling has received a letter of intent from an undisclosed party for further employment for its semi-submersible drilling rig Deepsea Bergen offshore Norway. Odfjell Drilling informed on Monday that the letter of intent is for one firm exploration well plus optional sidetrack and well test
Ocean Rig filed for Chapter 15 bankruptcy protection this week. Another lower-cost offshore rig owner is now emerging and will be a competitive force toward owners who are still restricted by high debt and legacy costs. By David Carter Shinn With around $3.7 billion in debt and a fleet of 11 drill
Nido Petroleum has started drilling operations at the Galoc-7 appraisal well offshore The Philippines. The company is using the Deepsea Metro I drillship for the well located in Block C1 of Service Contract 14. According a recent statement by Odfjell, the Deepsea Metro I has been contracted for one
Russia’s largest privately-held oil company Lukoil and Gazprom Neft have conducted a joint exercise “Arctic-2017” to simulate oil spill response in ice conditions in the Arkhangelsk region. Lukoil said on Tuesday that the exercise took place in the Barents Sea, near the Varandey fixed offloading ter
Aberdeen-based Rigmar Services has been awarded a contract by Maersk Drilling to support its operations in the UK sector of the North Sea. Rigmar said on Wednesday that the new contract with Maersk would be managed from the company’s offices in Aberdeen. The value of the contract was not disclosed.
Following a bankruptcy protection filing by the offshore driller Ocean Rig, VesselsValue (VV) has provided its valuation of the driller’s rig fleet. According to VV, the driller’s fleet value took a massive hit the last twelve months, dropping some 40 percent. In order to deal with insolvency cases
Interim judicial managers of Singapore’s Swissco, a provider of offshore rigs and vessels, have decided to sell the company’s stake in three jointly-owned rigs to Ezion Holdings. Offshore Energy Today reported earlier this month that Swissco was in confidential discussions with Ezion Investments, a
