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
Norwegian offshore workers’ union Industri Energi has discovered social dumping on the Ocean Rig-owned rig Leiv Eiriksson, which is working for Lundin offshore Norway. According to the European Foundation (Eurofound), despite an increase in usage of the expression, there is still no clear, universal
Norway’s Statoil has completed drilling of an appraisal well on the Johan Sverdrup field in the Norwegian section of the North Sea. The 16/2-22 S well, located at the field some 155 kilometers northwest from Karmøy, was drilled approximately two kilometers northwest of appraisal well 16/2-9 S. The o
Statoil Petroleum has made a gas discovery after drilling an exploration well at the Valemon field in the North Sea, two years after Valemon came on stream. The well 34/11-6 S was drilled in production licence 193 D, from the Valemon platform, 160 km northwest of Bergen. The discovery is called Vale
Australian energy company Woodside has transferred a drilling contract from one of Atwood Oceanics’ rigs to another one for work on the Greater Enfield Project, off Australia. Atwood informed on Thursday that its operating subsidiary in Australia and Woodside have agreed to change the drilling servi
ConocoPhillips has reportedly extended its charter agreement for COSL’s accommodation rig, the COSLRival, currently operating on the Judy field in the UK North Sea. According to reports from the news website Petro.no (Norwegian language only), the contract for the COSLRival accommodation rig was ext
U.S.-based, bankrupt offshore driller, Hercules Offshore, has sold its fleet of thirteen Gulf of Mexico rigs for a little over $22 million. After emerging from bankruptcy in November 2015, the driller filed for bankruptcy protection again in June 2016. Under the plan, all Hercules’ assets were marke
Repsol Sinopec Resources UK, formerly Talisman Sinopec Energy UK, has exercised further options to extend the charter for Prosafe’s flotel Safe Boreas. Prosafe informed on Monday that the extension is for a total of 17 days. The firm operational period of the Safe Boreas at Montrose A in the UK sect
