China Oilfield Services Limited (COSL), a Chinese offshore services provider, has signed an integrated service contract with Hokchi Energy S.A. de C.V., a subsidiary of Pan American Energy LLC, for operations offshore Mexico. COSL said on Sunday that work under the contract would begin in October 20
Offshore rig builder Lamprell has delivered the “Ensco 140” LeTourneau-designed, Super 116E (Enhanced) Class jack-up drilling rig to Ensco. The UAE-based yard on July 26, 2016 said the rig’s delivery would be delayed, resulting in potential exposure to remedial costs and liquidated damages. On, Sun
U.S. offshore rig numbers are back where they were two weeks ago. After last week’s rise by a rig, the latest rig count by Baker Hughes shows there are now 17 active offshore rigs in the U.S., meaning the weekly offshore rig count has dropped by one. BHI Rig Count: U.S. -2 to 489 rigs […]
Songa Offshore, an Oslo-listed offshore drilling contractor, is standing its ground regarding the dispute with South Korea’s shipbuilder Daewoo Shipbuilding and Marine Engineering Co (DSME) over two drilling rigs, the Songa Equinox and Songa Endurance. To remind DSME, which built four Cat D rigs for
Songa Offshore, an offshore drilling contractor, has reported a loss for the second quarter of 2016, mostly due to impairment charges which amounted to $118 million for the quarter. The Oslo-listed company said on Friday that its loss for 2Q was $86.3 million, down from the $17.3 million profit made
North Atlantic Drilling (NADL), a company providing harsh-environment drilling rigs for the oil and gas industry, reported revenues of 164.6 million for the second quarter of 2016. This is a fall when compared to the same period of 2015, when NADL posted revenues of 210.7 million. Net income fell to
Norwegian offshore drilling company Odfjell Drilling has managed to return to profit in the second quarter of 2016. The company on Thursday posted a net income of $9 million, an improvement from a net loss of $224 million reported a year ago. Operating revenue for Q2 2016 was $183 million down from
Offshore driller Seadrill reported a drop in income and revenue for the second quarter of 2016. The Oslo-listed company’s revenue fell to $868 million, a drop of around 24 percent when compared to the second quarter of 2015, when the company’s revenue was around $1.15 billion. Revenue was hit by dow
China’s Cosco Dalian Shipyard has delivered two jack-up rigs to Foresight Group, through Hallworthy, a drilling contractor operation in the Middle East and India. According to Cosco, the delivery documents for “N527” and “N581” jack-ups, were signed by COSCO Dalian and the buyer recently The jack-up
China’s TSC Group has signed a joint venture agreement with Offshore CC FZE to enter the plug and abandonment (P&A) and decommissioning market. TSC said on Tuesday that the agreement was signed on August 18 and that the newly created JV company, OIM Pte. Ltd., was incorporated in Singapore. The new
Singapore’s offshore rig builder Sembcorp Marine, also known as Sembmarine, is taking full control of its subsidiary PPL Shipyard (PPLS). The company has reached a deal with PPL Holdings Pte Ltd (“PPLH”) and E-Interface Holdings Limited (“EIHL”) to acquire the remaining 15% in the shipyard for $115
After spending two weeks grounded on a beach in Scotland, the Transocean Winner drilling rig was successfully refloated in Dalmore Bay on Monday night. The coast guard says that the drilling rig is currently being stabilized but will shortly resume its journey later this evening and is expected to r
Mexican oil company Pemex has terminated a drilling contract with Seadrill over the West Pegasus offshore drilling rig. The driller has disputed the grounds for termination and is reviewing its legal options. During the second quarter of 2015 Seadrill signed a provisional commitment for a two-year e
French oil major, Total, has awarded Japan Drilling Company’s (JDC) jack-up rig Hakuryu-10 with the 2015 Best Rig Performance Award during an award ceremony recently held aboard the rig, offshore Balikpapan, Indonesia. JDC said on Monday that the jack-up rig outperformed 45 other rigs in Total’s wor
