Chinese offshore rig builder Cosco has agreed to delay the delivery of a semi-submersible tender assist rig at a request of a client. In a statement on Friday, Cosco Guandong said it has, with the rig owner, agreed to delay the delivery of the rig until November 30, 2017. To remind, the Edrill-3 rig
Brazilian oil company Petrobras has completed the first well in the Santos Basin’s pre-salt Libra oilfield, offshore Brazil. The well, drilled by Seadrill’s West Carina drillship, is now fully fitted out and ready to produce oil and natural gas, Petrobras said. The 3-RJS-739A well, known as NW3, is
Offshore driller Songa Offshore has reported a rise in its third-quarter revenue and profit. Revenue rose to $228.9 million, compared to $124.2 million for the third quarter 2015. The main reason for the increase of $104.7 million is the increase in the company’s operating rig fleet and the increase
After emerging from a Chapter 11 bankruptcy in February, Vantage Drilling, a drilling contractor with a fleet of three drillships and four jack-up rigs, reported a loss for the third quarter of 2016 and a sharp drop in revenues amid a significant decline in both jack-up and deepwater rig utilization
Offshore accommodation specialist Prosafe is looking to buy two new flotels from Axis Offshore, executing its plans on strategic consolidation, fleet renewal and scrapping of older assets. The company has signed a letter of intent to acquire two harsh-environment semi-submersible accommodation rigs,
Aker BP has awarded a frame agreement to IKM Cleandrill, a specialist mud recovery subsidiary of the IKM Group, for the provision of a mud recovery services during drilling on the Alvheim development in the North Sea. IKM said that the deal is a three-year frame agreement for riserless closed loop m
Irish oil and gas explorer Providence Resources has been denied a right to appeal to a court ruling in a case against offshore driller Transocean. Providence was seeking permission to appeal the Court of Appeal decision brought on April 13, 2016, regarding a prior litigation between Providence and T
Drilling contractor Paragon Offshore has received an early termination for one of its jack-up rigs operating in the Middle East. In its latest fleet status report, Paragon said on Tuesday that the jack-up rig M1162 has received an early termination notice from NDC (ADMA-OPCO). The company added it w
UK-based oil and gas company Hurricane Energy started drilling the Lincoln well, located west of the Shetland Islands, on Tuesday, November 8, 2016. The spudding of the Lincoln well followed the completion of the Lancaster 7 wells and the subsequent removal of the wear bushing from the 205-21a-6 wel
Repsol Sinopec Resources UK Limited, formerly Talisman Sinopec Energy UK Limited, has exercised options to extend the charter for Prosafe’s accommodation rig Safe Boreas by a total of 44 days. In mid-March 2016, the Safe Boreas started a 245-day firm operational period at Montrose A in the UK sector
Norwegian oil company Statoil has received consent from the Petroleum Safety Authority (PSA), a Norwegian offshore safety agency, to use Saipem’s Scarabeo 5 rig for well activities on the Njord field, offshore Norway. Statoil is the operator at Njord, an oil field in the Norwegian Sea, located aroun
Offshore driller Pacific Drilling on Monday posted a sharp decline in profit and revenues due to a lower dayrate for one of its drillship. The company’s net income for the third-quarter of 2016 was $0.2 million, compared to net income of $41 million for third-quarter 2015. Further, Pacific Drilling’
Malaysian drilling contractor UMW Offshore Drilling has secured a drilling contract for one of its jack-up rigs. Namely, the company’s Naga 2 jack-up drilling unit will work for Australian oil company Octanex, drilling development wells at the Ophir field, off Malaysia. The announcement on the contr
Inpex has completed a drilling operation offshore Japan, the aim of which was to establish the presence of oil and gas in the area offshore Shimane and Yamaguchi prefectures. According to the Japanese agency for Natural Resources and Energy (ANRE), the drilling operation unearthed samples of rock an
