Norwegian safety body, the Petroleum Safety Authority (PSA), has slapped Prosafe with a notification of order regarding the company not rectifying non-conformities spotted during an audit of the Safe Scandinavia tender support vessel (TSV) in September 2015. The Safe Scandinavia is an accommodation
November 2016 – Sirius Petroleum on Wednesday said it has hired a jack-up drilling rig from China’s COSL Drilling, to be used for a drilling campaign offshore Nigeria.
Offshore driller Seadrill Limited has reached a deal with the lenders under the West Eminence loan and the requisite majority of lenders under all of its other bank loans to extend the loan maturity date. According to the company’s statement on Wednesday, the maturity date of the loan related to the
Spanish oil company Repsol has terminated a drilling rig contract with the U.S. offshore drilling company Rowan Companies. Rowan said on Tuesday that Repsol had informed it on November 8, it would terminate the drilling contract for the Rowan Renaissance drillship “effective immediately.” “The Compa
Singapore’s rig builder Sembcorp Marine is set to sell its 30 percent equity interest in China’s Cosco Shipyard Group. SembMarine as the company is also known, will sell its stake in Cosco Shipyard Group for $220.68 million to China Ocean Shipping (COSCO). Cosco Shipyard Group is a ship repair, conv
Baker Hughes has posted Weekly Rig Count reports, with U.S. offshore rig count unchanged from the previous week. BHI Rig Count: U.S. -1 to 568 rigs U.S. Rig Count is down 1 rig from last week to 568, with oil rigs up 2 to 452, gas rigs down 2 to 115, and miscellaneous rigs down […]
Maersk Drilling’s jack-up drilling rig Maersk Giant has arrived at the Port of Esbjerg in Denmark after completing work for Dong Energy on the Siri oilfield, offshore Denmark. On Thursday, November 10 the port shared a photo through its social media channels showing the rig being towed to its positi
Chinese offshore rig builder Cosco has agreed to delay the delivery of a semi-submersible tender assist rig at a request of a client. In a statement on Friday, Cosco Guandong said it has, with the rig owner, agreed to delay the delivery of the rig until November 30, 2017. To remind, the Edrill-3 rig
Brazilian oil company Petrobras has completed the first well in the Santos Basin’s pre-salt Libra oilfield, offshore Brazil. The well, drilled by Seadrill’s West Carina drillship, is now fully fitted out and ready to produce oil and natural gas, Petrobras said. The 3-RJS-739A well, known as NW3, is
Offshore driller Songa Offshore has reported a rise in its third-quarter revenue and profit. Revenue rose to $228.9 million, compared to $124.2 million for the third quarter 2015. The main reason for the increase of $104.7 million is the increase in the company’s operating rig fleet and the increase
After emerging from a Chapter 11 bankruptcy in February, Vantage Drilling, a drilling contractor with a fleet of three drillships and four jack-up rigs, reported a loss for the third quarter of 2016 and a sharp drop in revenues amid a significant decline in both jack-up and deepwater rig utilization
Offshore accommodation specialist Prosafe is looking to buy two new flotels from Axis Offshore, executing its plans on strategic consolidation, fleet renewal and scrapping of older assets. The company has signed a letter of intent to acquire two harsh-environment semi-submersible accommodation rigs,
Aker BP has awarded a frame agreement to IKM Cleandrill, a specialist mud recovery subsidiary of the IKM Group, for the provision of a mud recovery services during drilling on the Alvheim development in the North Sea. IKM said that the deal is a three-year frame agreement for riserless closed loop m
Irish oil and gas explorer Providence Resources has been denied a right to appeal to a court ruling in a case against offshore driller Transocean. Providence was seeking permission to appeal the Court of Appeal decision brought on April 13, 2016, regarding a prior litigation between Providence and T
