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Exploration & Production

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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
This rig drilled Norway’s first offshore well, and made the country’s first oil discovery
Exploration & Production

This rig drilled Norway’s first offshore well, and made the country’s first oil discovery

The drilling rig shown above was the first unit to have drilled for oil on the Norwegian continental shelf, and the first to discover oil, however, not in one attempt. Conveniently named the Ocean Traveler, the rig had traveled across the Atlantic for 52 days on a 13.000 kilometers-long voyage from

about 10 years ago
Clock ticking for potential Petrobras’ platform bidders
Exploration & Production

Clock ticking for potential Petrobras’ platform bidders

The clock is ticking for the interested parties to submit their bids to acquire Petrobras’ production platform – the P 27. To remind, Petrobras in April launched a tender notice inviting bids for the unit, with a deadline for sealed bids set at July 19, 18:00 o’clock Rio de Janeiro time. The Brazili

about 10 years ago
Keppel hands over fifth jack-up rig to Mexican client
Exploration & Production

Keppel hands over fifth jack-up rig to Mexican client

Keppel Offshore & Marine (Keppel O&M) in the U.S., has delivered Uxpanapa, a KFELS B Class jack-up rig, to Mexico’s Central Panuco S.A. De C.V., a subsidiary of Mexico’s Perforadora Central S.V. De C.V. The rig was delivered by Keppel O&M’s wholly owned subsidiary, Keppel AmFELS LLC. It was christen

about 10 years ago
IOG gearing up to drill Skipper
Exploration & Production

IOG gearing up to drill Skipper

Independent Oil and Gas (IOG) expects to start drilling the Skipper appraisal well, in the UK North Sea, on July 22, 2016 with Transocean’s 1974-built Sedco 704 semi-submersible rig. The rig is expected to come on contract on or around July 20, 2016. Skipper lies in Block 9/21a in licence P1609 in t

about 10 years ago
Hercules Offshore sells jack-up drilling rig for $3 million
Exploration & Production

Hercules Offshore sells jack-up drilling rig for $3 million

Hercules Offshore, a struggling U.S. offshore drilling contractor, has sold a jack-up drilling rig to an undisclosed buyer. The company on Monday said its subsidiary, Hercules International Drilling Ltd., entered into an agreement to sell the Hercules 267 to an undisclosed buyer for $3.16 million. “

about 10 years ago
Quadrant in discovery offshore Australia
Exploration & Production

Quadrant in discovery offshore Australia

Quadrant Energy has completed drilling the Outtrim East-1 well offshore Australia and discovered the presence of hydrocarbons. The Outtrim East-1 well, located within the WA-155-P(1) exploration permit in the North West Shelf of Australia, was spud on June 18, 2016 with the Noble Tom Prosser jack-up

about 10 years ago
U.S. offshore rig count stable
Exploration & Production

U.S. offshore rig count stable

U.S. offshore rig count remained unchanged during the last week, the oilfield services provider Baker Hughes has informed. BHI Rig Count: U.S. +9 to 440 rigs U.S. Rig Count is up 9 rigs from last week to 440, with oil rigs up 10 to 351, gas rigs down 1 to 88, and miscellaneous rigs unchanged [&helli

about 10 years ago
International offshore rig count tumbles in June
Exploration & Production

International offshore rig count tumbles in June

Oilfield services provider Baker Hughes informed on Friday that the international offshore rig count for June 2016 was down both sequentially and year over year. According to Baker Hughes’ report, the international offshore rig count for June 2016 was 223, down 6 from the 229 counted in May 2016, an

about 10 years ago
Offshore safety watchdog revokes COSL rig order
Exploration & Production

Offshore safety watchdog revokes COSL rig order

The Petroleum Safety Authority Norway (PSA) changes the investigation report and its conclusion which stated that the structural design and dimensioning of COSLInnovator were not in accordance with the regulations at the time of the accident on December 30, 2015 in which one person died. At the time

about 10 years ago
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