Big news from Russia. According to a report, a Russian shipyard has scored a mega deal to build offshore drilling rigs for the Iranian oil and gas industry. According to this week’s report by Reuters, Russian shipyard Krasnye Barrikady has secured a contract to construct five offshore drilling rigs,
Thai-based offshore contractor Mermaid Maritime has deferred the deliveries of two rigs and one subsea vessel, to get more time to find work for these assets. The company ordered the MTR-3 and MTR-4 tender rigs and the subsea construction vessel Mermaid Ausana back in 2014. In a statement on Friday,
Norwegian oil company Det norske oljeselskap has completed the drilling of two appraisal wells in the Ivar Aasen field area, with mixed results. According to the Norwegian Petroleum Directorate, the company drilled the wells in the 001 B to delineate the West Cable (16/1-7) discovery made in 2004. T
Danish driller Maersk Drilling has acquired a newbuild harsh environment jack-up rig from its distressed rival Hercules Offshore. What is more, the rig comes with a five-year drilling contract in the North Sea. The company has signed a definitive agreement to acquire the newbuild harsh environment j
Norway’s offshore safety authority, the Petroleum Safety Authority (PSA), has identified irregularities and improvement points during a recent audit aboard the Borgland Dolphin drilling rig. The PSA was conducting the audit of the management of emergency preparedness and the working environment. The
Wintershall Norge AS has awarded a series of four-year contracts for supply of well completion equipment and services for the Maria development it operates in the Norwegian Sea, and for other operations on the Norwegian Continental Shelf. The contracts have been awarded to six companies including Ha
Norwegian drilling contractor Odfjell Drilling posted a net loss for the first quarter of 2016. The reported loss was $21 million, down from a profit of $18 million in the first quarter of 2015. Odfjell said its operating revenue fell to $158 million for the quarter due to a reduction in activity wi
Mubadala Petroleum has failed to unearth commercial volumes of oil at its latest exploration well in the Gulf of Thailand. According to Tap Oil, a partner in the project, the Sri Trang-1 exploration well was spudded on May 17, in 40 meters of water, using the Atwood Orca jack-up drilling rig. Tap sa
Deepwater drilling contractor Seadrill is eyeing further cash savings after posting a lower profit and revenues for the first quarter of 2016 due to lower dayrates for several of its drilling rigs. During the quarter, Seadrill’s reported net income fell to $88 million, compared to $448 million in th
Sembcorp Marine, a Singapore-based rig builder, has rebuffed allegations linking it with a conspiracy case in Brazil. The company was responding to an article by the Norwegian newspaper Upstream, according to which Sembcorp Marine and its subsidiary Jurong Shipyard have been named as defendants alon
Norwegian subsidiary of the Italian oil company Eni has received consent from the Petroleum Safety Authority in Norway to drill an exploration well in block 7222 in the Barents Sea with one of Saipem’s drilling rigs. Eni Norge, the operator for production licence 226 in the Barents Sea, is going to
Following an early termination of contracts for two Noble Corporation’s drillship, oil company Freeport-McMoRan Oil & Gas has decided to cancel another drillship deal, this time with the offshore drilling contractor Rowan Companies. Rowan Companies on Monday announced an agreement with its customer,
Faroe Petroleum, the independent oil and gas company focusing activities in Norway and the UK, has started drilling the Brasse exploration well 31/7-1 in the Norwegian North Sea. The Brasse prospect, operated by Faroe with 50% interest, is located immediately south of the producing Brage oil field (
Under a program organized by the Research Partnership to Secure Energy for America (RPSEA), Doris Inc., the Offshore Technology Research Center (OTRC) at Texas A&M University and Sevan Marine have carried out further research and model scale testing of Sevan Marine’s cylindrical hull for application
