Mexico’s state oil company Pemex has increased a dayrate for one of Paragon Offshore’s drilling rigs in Mexico. In the company’s fleet status report for March, Paragon, an offshore drilling contractor, said that Pemex boosted the dayrate for the jack-up rig Paragon M842 from $70,000 to $112,000 for
Offshore drilling contractor Transocean announced on Tuesday a mutual agreement with Keppel Offshore & Marine’s shipyard, Keppel FELS, to defer the delivery and related payments of five high-specification jack-ups until 2020. According to the drilling contractor, the Super B 400 Bigfoot Class jack-u
Byron Energy, the operator of several blocks in the Gulf of Mexico, has encountered three hydrocarbon bearing sands and is drilling ahead at its SM-6 #2 located in the U.S. Gulf of Mexico. Byron started drilling the SM-6 #2 well in mid-February 2016 using the Hercules 205 jack-up drilling rig. Byron
China Oilfield Services Limited (COSL), a parent company of COSL Drilling Europe, is thinking about taking legal action against Statoil after the oil company terminated a rig contract it had with COSL Drilling. To remind, the Norwegian oil company Statoil cancelled a contract with COSL Drilling for
Oilfield services provider Baker Hughes announced on Monday that the international offshore rig count in February 2016 was down both sequentially, and year over year. The international rig count includes rigs from Latin America, Europe, Africa, Middle East and Asia Pacific. According to Baker Hughes
Norwegian oil company Statoil has terminated a contract for one COSL rig and suspended another one. Statoil has on behalf of the Troll licence, located in the North Sea offshore Norway, decided to use its contractual right to terminate the contract with COSL Offshore Management for the chartering o
Prosafe, an owner and operator of semi-submersible accommodation vessels also known as flotels, has informed that Pemex will suspend a contract for one flotel, and it is also likely the company will suspend a contract for another flotel. According to Prosafe’s statement on Monday, Petróleos Mexicano
Lundin Petroleum is in the process of concluding the drilling of wildcat well 16/4-10, on the Fosen prospect, offshore Norway. The well is dry. The company started drilling the exploration well in January 2016. The well 16/4-10 was drilled by the Island Innovator semi-submersible drilling rig. Accor
National Iranian Drilling Company (NIDC), a provider of drilling services and a subsidiary of National Iranian Oil Company, is looking to attract $200 million in investment to buy offshore drilling rigs. According to Shana, a news agency, NIDC was in negotiations with domestic and foreign investors
Lundin Petroleum has completed the Maligan exploration well in Block SB307/SB308, offshore East Malaysia. The company started drilling the Maligan exploration well in January. The Maligan prospect is in shallow water and lies to the north of a major producing field in offshore East Malaysia. Accordi
KS Energy’s subsidiary KS Drilling has secured a contract with Egypt’s Belayim Petroleum for a jack-up drilling rig. KS Energy has also informed it will have to pay a multi-million fine for its other rig, the KS Java Star. According to KS Energy, Belayim Petroleum will use the company’s KS Medstar-1
ExxonMobil, one of the world’s largest oil companies will reduce its capital investments in 2016 by 25 percent, compared to 2015. In U.S. dollars, this means that ExxonMobil expects to spend around $23 billion. The company’s CEO Rex W. Tillerson said that in the time of the low oil prices ExxonMobil
Following the collapse of a shipyard crane boom that caused damage to Noble’s newbuild jack-up rig, Singapore-based shipyard owner, Sembcorp Marine, has reported that three workers have been injured during the incident. On Sunday, February 28, 2016, at 3.40pm, a shore crane at Sembcorp Marine Tanjon
Offshore drilling contractor Noble Corporation has informed that its newbuild jack-up rig, the Noble Lloyd Noble, sustained damage on February 28, 2016 following the collapse of a shipyard crane boom operating near the rig. The rig is in the late stages of construction at the Sembcorp Marine’s Juron
