The U.S. offshore rig count dropped by one unit from last week’s count and by 9 rigs year over year, Baker Hughes, an oilfield services provider, has said in its latest weekly rig count report. BHI Rig Count: U.S. -11 to 420 rigs U.S. Rig Count is down 11 rigs from last week to 420, […]
After striking dust at its Melmar offshore exploration well in the Gulf of Mexico, ConocoPhillips is pulling the brake on its drilling plans in the area. The well had been drilled using the Maersk Valiant drillship, owned by the Danish drilling contractor Maersk Drilling. After failing to find comme
ConocoPhillips, a US-based exploration and production company, has failed to find hydrocarbons at a well in the U.S. Gulf of Mexico. The company drilled the Melmar exploration well at the Perdido Fold Belt in the deep waters of the Gulf of Mexico, however only managed to encounter non-commercial qua
One of the world’s largest offshore rig builders Sembcorp Marine, aka SembMarine, saw its revenue fall to S$918 million in the first quarter of 2016. This is a 30 percent drop, when compared to $1.3 billion achieved in the corresponding quarter of 2015. The company’s largest business Rigs & Floaters
Offshore drilling contractor Noble Corporation posted first quarter 2016 net income attributable to the company of $105 million, on revenues of $612 million. In comparison, for the first quarter of 2015, net income attributable to Noble Corporation was $178 million, on revenues of $804 million. Net
U.S. oil and gas producer Hess saw it first quarter 2016 loss deepen to $509 million, down from a net loss of $389 million in the first quarter of 2015. This means that the company posted a loss of $1.72 per common share, which is according to Reuters, a better result than expected by the […]
American Petroleum Institute (API) has called for the maximum offshore acreage allowed to be offered in Department of Interior’s 2017-2022 five year lease plan. Speaking ahead of a public hearing in Washington D.C., held to discuss the proposed offshore lease plan, API CEO Erik Milito said the signi
Mubadala Petroleum has completed the development drilling on the Manora oil development in the Northern Gulf of Thailand. Mubadala started drilling of the first of two development wells on the Manora field on March 22, 2016. Tap Oil, the partner in the project with 30% interest, said on Wednesday th
Transocean’s Henry Goodrich semi-submersible drilling rig has reached Canadian waters, following the trans-Atlantic journey from Norway. The image shows the yellow drilling giant reaching Grand Banks, off Newfoundland, Canada, with the ALP Winger on bridle and the Maersk Detector and Maersk Dispatch
A district court in Jæren, Norway has decided that all 229 employees who were dismissed from COSL Drilling in June 2015 can participate in a class action suit that the Norwegian union of energy workers, SAFE, has filed against the company. In June 2015, the Norwegian oil company Statoil cancelled a
Sembcorp Marine, a Singapore-based drilling rig builder, has launched an arbitration proceedings against Brazilian drilling contractor Sete Brazil. The news comes following reports that Sete Brasil was getting ready to file for bankruptcy protection. Sete Brasil was formed in 2011 to own and operate
Oilfield services provider Baker Hughes has posted Weekly Rig Count reports to its Investor Relations website, according to which the number of offshore rigs in the U.S. has dropped. BHI Rig Count: U.S. -9 to 431 rigs U.S. Rig Count is down 9 rigs from last week to 431, with oil rigs down 8 to [&hel
The image above shows the M.G. Hulme Jr. semi-submersible drilling rig, in Labuan, Malaysia. According to the author of the photo, Neil Johnston, the 1983-built, 1996-upgraded drilling unit, is now on its way to Japan to start a drilling contract with Inpex. The Transocean-owned rig left Labuan on W
One of the world’s largest offshore drilling contractors, Transocean, has received new contract awards for one of its semi-sub rigs and two drillships. According to Transocean’s latest fleet status report, the midwater floater Actinia was awarded a three-year contract offshore India at a dayrate of
