Ireland-based oil and gas exploration company Providence Resources is finalizing an agreement for the provision of a drilling rig to be used for drilling the Druid prospect, offshore Ireland. The company issued a tender for a rig contract for the Druid exploration well, in Frontier Exploration Licen
UMW Offshore Drilling, a subsidiary of Malaysian company UMW Oil & Gas, has won a contract for the provision of a high-pressure high-temperature (HPHT) jack-up drilling rig from Hess Exploration and Production Malaysia. UMW said last week that the contract entails the provision of drilling rig servi
Independent oil & gas exploration company Hyperdynamics Corporation has signed a letter of award with drilling contractor Pacific Drilling to engage the Pacific Bora drillship. The rig will be used for a drilling campaign offshore the Republic of Guinea in the second quarter of 2017. The letter of a
Offshore drilling contractor Diamond Offshore Drilling saw its profit and revenues drop during the third quarter of 2016 compared to last year’s third quarter performance. During the quarter, Diamond recorded profit of $13.9 million, a decrease compared to profit of $136.4 million in the third quart
Axis Offshore, a provider of accommodation rigs or flotels servicing the offshore oil & gas industry, has postponed the delivery of its second flotel, the Axis Vega, being built by Cosco’s yard in China. The company informed on Monday it has agreed an amendment to the shipbuilding contract with Cosc
Norwegian oil company Statoil will suspend the contract for Songa Offshore’s Cat D rig Songa Enabler when the current well on the Snøhvit field in the Barents Sea is completed. According to the rig’s owner, the earliest estimate for completion of the Barents Sea well is from the end of November 2016
According to Weekly Rig Count reports by the oilfield services provider Baker Hughes, the U.S. offshore rig count has one less active unit bringing the number of operational rigs down to 22. BHI Rig Count: U.S. +4 to 557 rigs U.S. Rig Count is up 4 rigs from last week to 557, with oil rigs […
French oil company Total has made an oil discovery in the Khan Asparuh license, located in the Black Sea offshore Bulgaria. In its 3Q 2016 report on Friday, the oil company said it made the discovery in the Black Sea during the quarter thus opening a new play. Noble Corp.’s 2013-built Globetrotter C
UK-based offshore drilling contractor Ensco saw its profit as well as revenues drop during the third quarter of 2016 mainly due to lower rig utilization. According to its report on Wednesday, the drillers’s profit during the third quarter of 2016 dropped to $85.3 million, compared to $292 million in
Norway’s offshore safety watchdog, the Petroleum Safety Authority (PSA), has found a non-conformity and three improvement points during an audit of Songa Offshore’s overall barrier management on the Songa Equinox semi-submersible rig. PSA said on Thursday it found one non-conformity regarding barrie
Norwegian offshore driller Fred. Olsen Energy sank to a loss in 3Q 2016 and saw a decrease in its revenues when compared to the prior-year quarter. The company also informed that a contract for one of its rigs is expiring tomorrow, October 27. The company on Wednesday posted a net loss totaling $33.
Norwegian oil company Statoil has terminated a contract for the Stena Drilling-owned semi-submersible rig Stena Don earlier than expected thus bringing into question around 180 jobs. According to a statement on Monday by the Norwegian offshore workers’ union, Safe, the contract for the Stena Don rig
Following the recent success of the Roc-2 appraisal well, Quadrant has decided to proceed to the Phoenix South-2 appraisal well offshore Western Australia. Carnarvon Petroleum, Quadrant’s partner on the project, said on Tuesday that the Phoenix South-2 (PS-2) well drilling is expected to begin withi
Offshore drilling contractor Transocean has been awarded several new contracts for its rigs in the UK North Sea as well as a new contract off Canada. According to Transocean’s latest fleet status report on Monday, the 1983-built semi-submersible Sedco 712 has been awarded a 16-well contract in the U
