Asia Offshore Drilling (AOD) has received three-year contract extensions for two jack-up rigs from Saudi Aramco. AOD is an associate company of Mermaid Maritime and Mermaid has 33.76 percent equity stake in AOD while the other 66.24 percent equity is owned by Seadrill. The extension is for two jack-
Independent Oil and Gas (IOG) has spudded the Skipper appraisal well in the UK part of the North Sea and named former Fairfield Energy chief executive as its chairman. Skipper lies in Block 9/21a in license P1609 in the Northern North Sea and is 100% owned and operated by IOG. According to IOG’s upd
An early termination agreement for the deepwater drillship Maersk Valiant has been signed by Maersk Drilling and ConocoPhillips and Marathon Oil with effect from mid-September 2016. Maersk Valiant has been on a joint contract with Marathon Oil Corporation and ConocoPhillips since June 2014. The orig
UK-based drilling contractor Ensco on Wednesday saw its profit for the second quarter of 2016 rise when compared to the year-ago quarter and revenues benefit from rig deal terminations. The drilling contractor’s net income for the quarter jumped to $590.6 million, compared to $260.3 million in the s
Offshore drilling contractor Noble Corporation posted a rise in its second quarter 2016 profit helped by a gain from rig contracts cancellation. The drilling contractor on Wednesday posted second quarter 2016 net income attributable to Noble Corporation of $323 million, on revenues of $895 million.
The Norwegian Petroleum Directorate (NPD) has granted Det norske oljeselskap a drilling permit for well 25/2-18 S, in the North Sea offshore Norway. According to the agency, the well 25/2-18 S will be drilled from Maersk Drilling’s jack-up drilling rig Maersk Interceptor. The drilling program for we
Statoil Petroleum has concluded the drilling of wildcat wells 30/11-14 and 30/11-14 B, in the North Sea offshore Norway, and hit a gas/condensate and oil discovery. The wells are located in production license 035/272 where Statoil is the operator. The wells were drilled about six kilometers southeas
The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway a drilling permit for well 7220/6-2 R, in the Barents Sea offshore Norway. Lundin recently started the 2016 exploration and appraisal campaign in the Barents Sea which consists of three wells, starting with the re-entry of the Alta-
Lamprell, a provider of fabrication, engineering and contracting services to the energy industry, has informed that delivery of the jack-up drilling rig which had been scheduled for delivery in 2Q 2016 has been delayed. The company said on Tuesday that the rig is in its final stages of commissioning
The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum a drilling permit for well 6407/7-9 S, located in the Norwegian Sea. The well will be drilled from Songa Offshore’s Songa Delta semi-sub drilling rig. The oil company received consent from the offshore safety body, the Petroleum
ALE, a global heavy-lift specialist, has completed the load-out of the first 30,000t Cat-J jack-up rig at the Samsung Heavy Industries Shipyard in South Korea by using its skidding system designed specifically for the project. ALE said on Monday that the 30,000t Cat-J jack-up rig was built on top of
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After last week’s rise, the U.S. weekly offshore rig count has fallen again, Baker Hughes informed in its rig count report on Friday. BHI Rig Count: U.S. +15 to 462 rigs U.S. Rig Count is up 15 rigs from last week to 462, with oil rigs up 14 to 371, gas rigs down […]
Singapore’s Keppel Offshore & Marine, one of the world’s largest rig builders, sees no quick recovery in demand for offshore drilling rigs, despite the somewhat higher oil prices. Also, presenting its financial results on Thursday, the company revealed the level of headcount cuts for the first half
