Drilling contractor Paragon Offshore has received an early termination for one of its jack-up rigs operating in the Middle East. In its latest fleet status report, Paragon said on Tuesday that the jack-up rig M1162 has received an early termination notice from NDC (ADMA-OPCO). The company added it w
UK-based oil and gas company Hurricane Energy started drilling the Lincoln well, located west of the Shetland Islands, on Tuesday, November 8, 2016. The spudding of the Lincoln well followed the completion of the Lancaster 7 wells and the subsequent removal of the wear bushing from the 205-21a-6 wel
Repsol Sinopec Resources UK Limited, formerly Talisman Sinopec Energy UK Limited, has exercised options to extend the charter for Prosafe’s accommodation rig Safe Boreas by a total of 44 days. In mid-March 2016, the Safe Boreas started a 245-day firm operational period at Montrose A in the UK sector
Norwegian oil company Statoil has received consent from the Petroleum Safety Authority (PSA), a Norwegian offshore safety agency, to use Saipem’s Scarabeo 5 rig for well activities on the Njord field, offshore Norway. Statoil is the operator at Njord, an oil field in the Norwegian Sea, located aroun
Offshore driller Pacific Drilling on Monday posted a sharp decline in profit and revenues due to a lower dayrate for one of its drillship. The company’s net income for the third-quarter of 2016 was $0.2 million, compared to net income of $41 million for third-quarter 2015. Further, Pacific Drilling’
Malaysian drilling contractor UMW Offshore Drilling has secured a drilling contract for one of its jack-up rigs. Namely, the company’s Naga 2 jack-up drilling unit will work for Australian oil company Octanex, drilling development wells at the Ophir field, off Malaysia. The announcement on the contr
Inpex has completed a drilling operation offshore Japan, the aim of which was to establish the presence of oil and gas in the area offshore Shimane and Yamaguchi prefectures. According to the Japanese agency for Natural Resources and Energy (ANRE), the drilling operation unearthed samples of rock an
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
