North Atlantic Drilling (NADL), a company providing harsh-environment drilling rigs for the oil and gas industry, reported revenues of 164.6 million for the second quarter of 2016. This is a fall when compared to the same period of 2015, when NADL posted revenues of 210.7 million. Net income fell to
Norwegian offshore drilling company Odfjell Drilling has managed to return to profit in the second quarter of 2016. The company on Thursday posted a net income of $9 million, an improvement from a net loss of $224 million reported a year ago. Operating revenue for Q2 2016 was $183 million down from
Offshore driller Seadrill reported a drop in income and revenue for the second quarter of 2016. The Oslo-listed company’s revenue fell to $868 million, a drop of around 24 percent when compared to the second quarter of 2015, when the company’s revenue was around $1.15 billion. Revenue was hit by dow
China’s Cosco Dalian Shipyard has delivered two jack-up rigs to Foresight Group, through Hallworthy, a drilling contractor operation in the Middle East and India. According to Cosco, the delivery documents for “N527” and “N581” jack-ups, were signed by COSCO Dalian and the buyer recently The jack-up
China’s TSC Group has signed a joint venture agreement with Offshore CC FZE to enter the plug and abandonment (P&A) and decommissioning market. TSC said on Tuesday that the agreement was signed on August 18 and that the newly created JV company, OIM Pte. Ltd., was incorporated in Singapore. The new
Singapore’s offshore rig builder Sembcorp Marine, also known as Sembmarine, is taking full control of its subsidiary PPL Shipyard (PPLS). The company has reached a deal with PPL Holdings Pte Ltd (“PPLH”) and E-Interface Holdings Limited (“EIHL”) to acquire the remaining 15% in the shipyard for $115
After spending two weeks grounded on a beach in Scotland, the Transocean Winner drilling rig was successfully refloated in Dalmore Bay on Monday night. The coast guard says that the drilling rig is currently being stabilized but will shortly resume its journey later this evening and is expected to r
Mexican oil company Pemex has terminated a drilling contract with Seadrill over the West Pegasus offshore drilling rig. The driller has disputed the grounds for termination and is reviewing its legal options. During the second quarter of 2015 Seadrill signed a provisional commitment for a two-year e
French oil major, Total, has awarded Japan Drilling Company’s (JDC) jack-up rig Hakuryu-10 with the 2015 Best Rig Performance Award during an award ceremony recently held aboard the rig, offshore Balikpapan, Indonesia. JDC said on Monday that the jack-up rig outperformed 45 other rigs in Total’s wor
Offshore driller Fred. Olsen Energy ASA and South Korea’s rig builder Hyundai Heavy Industries Co., Ltd. have resolved their dispute over the canceled order for the ‘Bollsta Dolphin’ semi-submersible drilling rig. To remind, In October 2015, Hyundai Heavy asked for more time and money from Fred. Ols
An Aberdeen-based well management company, Zenith Energy, has completed a plug and abandonment project of a platform well offshore Italy. Zenith said on Monday that it provided well engineering and project management services to Rockhopper Exploration during a P&A project on the Ombrina Mare develop
Baker Hughes Incorporated has posted Weekly Rig Count report on Friday, August 19. Offshore rig count show one rig more than last week. BHI Rig Count: U.S. +10 to 491 rigs U.S. Rig Count is up 10 rigs from last week to 491, with oil rigs up 10 to 406, gas rigs unchanged at 83, […]
PSW Group, a maintenance and service provider to the Norwegian subsea and drilling industry, has signed a deal with Songa Offshore. The deal is reportedly for the maintenance of subsea and drilling equipment on the company’s offshore drilling rig fleet. According to a report from Offshore.no, a Norw
Danish Port of Esbjerg has posted a photo on social media showing several offshore jack-up drilling rigs lined up in the port. The photo, posted on Thursday, shows the jack-up installation vessel Pacific Osprey (far left) about to call the Port of Esbjerg after a job in the North Sea. The Pacific Os
