Norwegian offshore safety body, the Petroleum Safety Authority (PSA), has given Statoil its consent to use the Deepsea Bergen rig for exploration well drilling in block 6608/10 in the Norwegian Sea. PSA said on Thursday that the exploration well would be drilled in a prospect named Cape Vulture, wit
Norwegian base for supply activities to the petroleum fields, Coast Center Base (CCB), has won a contract from the Norwegian state-owned oil company Statoil for the reception and preparation of two newbuild Cat-J rigs, named Askeladden and Askepott. The new pair of Cat-J rigs is currently being buil
Oil and gas company Apache Corp. has achieved its ‘third consecutive exploration success’ near the Beryl field in the UK sector of the North Sea with a discovery in two separate fault blocks at the recently drilled Storr prospect. Apache said in its 3Q 2016 report on Thursday that results were in li
China Oilfield Services Limited (COSL), a Chinese offshore services provider, has begun working on its Integrated Project Management (IPM) assignment offshore Mexico. To remind, COSL signed an integrated service contract with Hokchi Energy S.A. de C.V., a subsidiary of Pan American Energy LLC, for o
Prosafe, an owner and operator of semi-submersible accommodation rigs also known as flotels, saw its revenues drop during the third quarter 2016 due to lower rig utilization while its profit grew over the period. The company’s third quarter net profit increased to $201.9 million when compared to the
Oil exploration company Cobalt International Energy posted a bigger loss for the third quarter of 2016 compared to the prior-year quarter due to charges from an early rig release with Rowan and writedowns related to an exploration well in the U.S. Gulf of Mexico. On Tuesday, Cobalt reported a net lo
Offshore drilling contractor Rowan Companies returned to profit in the third quarter of 2016 but saw a drop in revenues due to idle and rigs operating with lower dayrates as well as lower utilization. The driller on Tuesday posted a net income of $5.5 million, compared to a net loss of $239.4 millio
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 […
