The global oil and gas exploration spending, which has been trimmed since the oil prices went down in 2014, will further fall in 2017. It might start rising in the next few years, but not to the pre-slump levels, a graph released by Wood Mackenzie shows. Also, on the oil prices, the energy intellige
Two workers died in May last year when the Troll Solution jack-up rig tilted due to a fault in one of its legs, offshore Mexico. This was one of several accidents that hit the Mexican offshore oil and gas sector last year, and as the time passed, went out of the focus of general public. […]
Maersk Drilling’s jack-up the Maersk Resolve has this week returned to the Port of Esbjerg after completing its work on the Danish North Sea oil and gas fields. The Maersk Resolve completed its planned work scope for Dong Energy at the Hejre field in the Danish sector of the North Sea back in Septem
Sodexo will reportedly reduce its offshore cleaning and canteen staff in Norway after the jack-up rig West Elara ends its contract with Statoil in March. According to the Norwegian business news website, Aftenblad, the food services and facilities management company will be forced to reduce its staf
The international offshore rig count for November 2016 was up sequentially but down year over year. According to a report on Wednesday by the oilfield services provider Baker Hughes, the international offshore rig count for November 2016 was 211, up 11 from the 200 counted in October 2016, and down
UK-based offshore drilling contractor Ensco has been awarded new work for its drilling rigs in the Netherlands and the U.S. Gulf of Mexico. The drilling contractor reported in its latest fleet status report on Tuesday that the 2000-built jack-up rig Ensco 101 was awarded a contract extension from En
Offshore driller Atwood Oceanics has agreed with Daewoo Shipbuilding & Marine Engineering Co. (DSME) to delay delivery of two newbuild ultra-deepwater drillships, the Atwood Admiral and the Atwood Archer. The deliveries were postponed by two years to September 30, 2019, and June 30, 2020, respective
Offshore drilling contractor Frigstad Offshore has decided to exit from an investment in Frigstad Deepwater’s newbuilds to position itself for the industry recovery, the company said on Tuesday. Frigstad Deepwater Holding Ltd, a subsidiary of Frigstad Offshore Group, has decided to sell all of its s
Drilling contractor Hercules Offshore has sold two of its jack-up drilling rigs for a total of $130 million. Hercules British Offshore, a subsidiary of Hercules Offshore, on Friday, December 2 entered into an agreement with Magni Drilling for the sale of two, 2013-built, jack-up drilling rigs, Hercu
Oil giant BP has started drilling on a potential carboniferous gas play in southern North Sea block 43/26a. BP said on Monday that, if successful, the gas play could open up a new phase of development in the region. The well, being drilled with partners Perenco and Premier, will test the potential o
Drilling contractor Songa Offshore has informed that its Cat D rig Songa Enabler will go on a suspension period in late December. The driller announced in late October that Statoil would suspend the Songa Enabler contract once the rig completed operations on a well on the Snøhvit field in the Barent
Following a force majeure declared in October 2016, oil company Tullow Oil has terminated a drilling contract it had with Seadrill Partners for an offshore drilling rig in Ghana. Seadrill Partners, the offshore driller, said Friday it had received a notice of termination from Tullow Oil Ghana for th
The U.S. offshore rig count dropped by one unit last week, according to a weekly rig counts report by the oilfield services provider Baker Hughes. BHI Rig Count: U.S +4 to 597 rigs U.S. Rig Count is up 4 rigs from last week to 597, with oil rigs up 3 to 477, gas rigs up […]
Norwegian oil company Statoil has started production drilling on the Mariner field in the UK North Sea. Statoil said on Friday that up to five wells will be drilled before the Mariner A platform hook up and commissioning activity starts next summer. First oil is expected to be produced from Mariner
