Offshore drilling contractor Transocean Ltd. has indirectly acquired two drillships and one semi-sub rig by acquiring its subsidiary Transocean Partners LLC. Transocean has agreed to acquire all of the outstanding common units of Transocean Partners not already owned by Transocean in a share-for-uni
Offshore drilling contractor Diamond Offshore fell to a loss during the second quarter of 2016 compared to a profit in the prior-year quarter due to impairment charges. Diamond Offshore on Monday reported a net loss for the second quarter amounting to $589.9 million, compared to a profit of $87.4 mi
Oil company Hess has extended a farm-out deal for a jack-up rig with Malaysia’s Perisai Petroleum Teknologi. Hess hired Perisai Petroleum’s jack-up drilling rig Perisai Pacific 101 in October 2015 through a farm-out agreement. Namely, the rig was originally contracted by the Malaysian oil company Pe
Weekly offshore rig count in the U.S. remained flat at 19 active units, Baker Hughes, an oilfield services provider, informed in its report on Friday. BHI Rig Count: U.S. +1 to 463 rigs U.S. Rig Count is up 1 rig from last week to 463, with oil rigs up 3 to 374, gas rigs down […]
Drilling contractor Songa Offshore informed on Friday that its fourth and last Cat D rig has started working for Statoil in the Barents Sea, offshore Norway. The drilling contractor said that its rig Songa Enabler started drilling operations on Friday, July 29, 2016 under its eight-year drilling con
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
