Oilfield services provider Baker Hughes informed on Monday that the international offshore rig count in October 2016 was down by 70 units when compared to the same period in 2015. Namely, according to the report, the international offshore rig count for October 2016 was 200, down 21 from the 221 cou
Atwood Oceanics, an offshore drilling contractor, has mobilized its ultra-deepwater drillship Atwood Advantage to Israel and began drilling on the Tamar gas field for Noble Energy. The Atwood Advantage left the Gulf of Mexico on September 17 and began its operations in Israel on October 21. The dril
Baker Hughes has posted Weekly Rig Count reports according to which the U.S. offshore rig count is down by one unit. BHI Rig Count: U.S. +12 to 569 rigs U.S. Rig Count is up 12 rigs from last week to 569, with oil rigs up 9 to 450, gas rigs up 3 to 117, and […]
KBR, a global engineering and construction firm, might be a step closer to recovering almost half a billion dollars it has been owed by the Mexican oil company Pemex. Namely, the company has moved forward in resolving a decade-long litigation initiated after Pemex failed to pay Commisa, a KBR subsid
Offshore driller Noble Corp. sank to a loss during the third quarter of 2016 and saw a drop in revenues amid a decrease in floating rigs utilization due to a challenging offshore drilling market. The driller on Thursday reported a third quarter 2016 net loss attributable to Noble Corporation of $55
Australian oil and gas company Quadrant Energy has begun drilling operations at the Phoenix South-2 appraisal well offshore Western Australia, in line with the schedule announced last week. Carnarvon Petroleum, Quadrant’s partner in the project, said on Friday that the Phoenix South-2 well drilling
Offshore rig builder Lamprell has completed the construction of a jack-up drilling rig for the offshore driller Ensco. Not too long ago, when oil prices were over a $100 a barrel, this would mean the rig would go on a long term contract with an oil company straight out of the yard. However, this is
Norwegian offshore safety body, the Petroleum Safety Authority (PSA), has given Statoil its consent to use the Deepsea Bergen rig for exploration well drilling in block 6608/10 in the Norwegian Sea. PSA said on Thursday that the exploration well would be drilled in a prospect named Cape Vulture, wit
Norwegian base for supply activities to the petroleum fields, Coast Center Base (CCB), has won a contract from the Norwegian state-owned oil company Statoil for the reception and preparation of two newbuild Cat-J rigs, named Askeladden and Askepott. The new pair of Cat-J rigs is currently being buil
Oil and gas company Apache Corp. has achieved its ‘third consecutive exploration success’ near the Beryl field in the UK sector of the North Sea with a discovery in two separate fault blocks at the recently drilled Storr prospect. Apache said in its 3Q 2016 report on Thursday that results were in li
China Oilfield Services Limited (COSL), a Chinese offshore services provider, has begun working on its Integrated Project Management (IPM) assignment offshore Mexico. To remind, COSL signed an integrated service contract with Hokchi Energy S.A. de C.V., a subsidiary of Pan American Energy LLC, for o
Prosafe, an owner and operator of semi-submersible accommodation rigs also known as flotels, saw its revenues drop during the third quarter 2016 due to lower rig utilization while its profit grew over the period. The company’s third quarter net profit increased to $201.9 million when compared to the
Oil exploration company Cobalt International Energy posted a bigger loss for the third quarter of 2016 compared to the prior-year quarter due to charges from an early rig release with Rowan and writedowns related to an exploration well in the U.S. Gulf of Mexico. On Tuesday, Cobalt reported a net lo
Offshore drilling contractor Rowan Companies returned to profit in the third quarter of 2016 but saw a drop in revenues due to idle and rigs operating with lower dayrates as well as lower utilization. The driller on Tuesday posted a net income of $5.5 million, compared to a net loss of $239.4 millio
