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Exploration & Production

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Business & FinanceProject & Tenders
Transocean stacks six rigs, lands new deals
Exploration & Production

Transocean stacks six rigs, lands new deals

Offshore drilling contractor Transocean has stacked six rigs and has received new rig contracts as well as changed dayrates for several of its rigs. In the company’s latest fleet status report, covering a period from April to July 2016, the driller revealed that six rigs have been stacked; the 1999-

about 10 years ago
Maersk Drilling set to lay off 130 workers (Norway)
Exploration & Production

Maersk Drilling set to lay off 130 workers (Norway)

At least 130 workers are set to lose their jobs within Maersk Drilling Norge as drilling rigs go off contract. Given that Maersk Gallant jack-up rig is set go off contract during the fall, and that Maersk Inspirer rig will see its contract with Statoil expire at the end of the year, Maersk Drilling

about 10 years ago
Lundin begins Barents Sea drilling campaign
Exploration & Production

Lundin begins Barents Sea drilling campaign

Lundin Petroleum’s wholly owned subsidiary Lundin Norway has started the 2016 exploration and appraisal campaign in the Loppa High area in the southern Barents Sea. Lundin will be using Ocean Rig’s winterized Leiv Eiriksson semi-submersible drilling rig for the 2016 drilling campaign which consists

about 10 years ago
Zennor looking to bring Flinaggan discovery online by 2019
Exploration & Production

Zennor looking to bring Flinaggan discovery online by 2019

Zennor Petroleum, formerly known as MPX E&P Ltd, an independent UK-based oil and gas company, has appraised the Lower Cretaceous Finlaggan gas-condensate accumulation in the UK North Sea. The appraisal was conducted through well 21/5c-7 and side-track 21/5c-7Z, drilled by the Transocean Sedco 704 dr

about 10 years ago
Transocean rig on its way to drill IOG’s Skipper well
Exploration & Production

Transocean rig on its way to drill IOG’s Skipper well

Independent Oil and Gas (IOG) informed on Wednesday that the rig hired to drill the Skipper appraisal well, located in the UK North Sea, is being towed to the drilling location. IOG recently said the well would be drilled with Transocean’s 1974-built semi-submersible rig Sedco 704. The rig is now on

about 10 years ago
Drillship Deepsea Metro I starts drilling ops for Petronas
Exploration & Production

Drillship Deepsea Metro I starts drilling ops for Petronas

Odfjell Drilling has started drilling operations for Petronas Carigali offshore Malaysia under a contract for one firm well plus four optional wells with the ultra-deepwater drillship, Deepsea Metro I. The drilling contractor secured new employment for the Deepsea Metro I with Petronas in April. Odf

about 10 years ago
Songa’s fourth Cat D rig gets nod from offshore safety watchdog
Exploration & Production

Songa’s fourth Cat D rig gets nod from offshore safety watchdog

Norway’s offshore safety watchdog, the Petroleum Safety Authority, has given an Acknowledgment of Compliance (AoC) to Songa’s fourth Cat D semi-submersible rig, the Songa Enabler. Songa Enabler is Songa Offshore’s fourth and final Cat D rig, built for and contracted to Statoil. Songa took delivery o

about 10 years ago
Ensco bags new deals in Gulf of Mexico. Gets early cancellation from Marubeni
Exploration & Production

Ensco bags new deals in Gulf of Mexico. Gets early cancellation from Marubeni

Offshore drilling contractor Ensco has received several contract awards and an early contract termination in the U.S. Gulf of Mexico. According to the drilling’s contractor’s latest fleet status report, Marubeni Corporation has exercised its right to early terminate the contract for the semi-submers

about 10 years ago
Ensco sells semi-subs, drillships, and jack-ups for scrap
Exploration & Production

Ensco sells semi-subs, drillships, and jack-ups for scrap

UK-based offshore drilling contractor Ensco has sold a number of its drilling rigs for scrap value including semi-subs, drillships, and jack-ups. According to Ensco’s latest fleet status report, two 2004-built semi-submersible drilling rigs, Ensco 6003 and Ensco 6004, have been sold for scrap value

about 10 years ago
Paragon stacks drillship and semi-sub rig
Exploration & Production

Paragon stacks drillship and semi-sub rig

Offshore drilling contractor Paragon Offshore has stacked one of its drillships and a semi-sub drilling rig in Puerto Rico. According to Paragon’s fleet status report on Monday, the 1981-built drillship Paragon DPDS2 was stacked in Puerto Rico. Petrobras early-released the rig in September 2015, as

about 10 years ago
Engie spuds Cara well offshore Norway
Exploration & Production

Engie spuds Cara well offshore Norway

Engie E&P Norge has started drilling the exploration well PL 636 Cara in the North Sea, off Norway. The Cara well, spudded on Monday, is located 35 kilometers from shore, and approximately 6 kilometers from Gjøa field in the North Sea. Water depth is about 350 meters and both oil and/or gas cases ar

about 10 years ago
PHOTO: Sembmarine says delivers world’s largest jack-up rig
Exploration & Production

PHOTO: Sembmarine says delivers world’s largest jack-up rig

Singapore’s offshore rig builder Sembcorp Marine has delivered what it says is the world’s largest jack-up rig to Noble Corporation. Noble Lloyd Noble, the seventh ultra high-specification harsh environment jack-up rig completed for Noble Corporation, is based on the GustoMSC CJ70 design as well as

about 10 years ago
Ezion in JV with Pacific International Offshore
Exploration & Production

Ezion in JV with Pacific International Offshore

Singapore’s offshore service rigs provider Ezion Holdings has entered into a partnership with Pacific International Offshore, an offshore vessel owner. The two firms are teaming up in order to provide additional assets to an existing client. While the client has not been named, Ezion said it was a n

about 10 years ago
Fred. Olsen narrows loss. Sees no improvement in Norwegian floater market
Exploration & Production

Fred. Olsen narrows loss. Sees no improvement in Norwegian floater market

Fred. Olsen Energy, a Norwegian offshore driller, has warned that the depressing conditions in the Norwegian floater market are expected to spill over into 2017 as well. According to the company’s second quarter presentation, where it reported a narrowed second-quarter loss, the company said there h

about 10 years ago
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