Sparrows Group, a provider of engineered products and services, primarily to the offshore sector, has been awarded a 20-month inspection services contract to cover Stena Drilling’s global fleet of drilling vessels. The company announced on Wednesday that this agreement will see Sparrows Group delive
Transocean’s M.G. Hulme Jr. semi-submersible drilling rig has reached South Korea following a trip from Labuan in Malaysia. Captain Neil Johnston, Master aboard the Terasea Falcon deepsea tug was kind enough to share the above images with Offshore Energy Today. The photos show the rig anchoring with
U.S. weekly offshore rig count this past week fell by one drilling unit, compared to the previous week, Baker Hughes said in its Weekly Rig Count report on Friday. BHI Rig Count: U.S. -5 to 415 rigs U.S. Rig Count is down 5 rigs from last week to 415, with oil rigs down 4 to 328, gas rigs […]
Oilfield services provider Baker Hughes reported on Friday that the international offshore rig count in April 2016 was up sequentially, but down year over year. According to Baker Hughes’ report, the international rig count for April 2016 was 946, down 39 from the 985 counted in March 2016, and down
UK-based drilling contractor Ensco has received terminations for two rig contracts from Brazil’s oil giant Petrobras and these two semi-sub rigs will now be ‘permanently retired’. In addition, Ensco has been awarded an extension, including dayrate reduction, for one drilling contract with Petrobras.
Pacific Drilling, a Luxembourg-headquartered offshore drilling contractor, reported a net loss of $2.5 million in the first quarter of 2016, down from a net profit of $51.7 million in the corresponding period of 2015. Contract revenue for first-quarter 2016 was $205.4 million, which included $12.7 m
Offshore drilling contractor Atwood Oceanics has sold one of its semi-submersible rigs for recycling and decided to idle another deepwater semi-sub in May. According to the company’s latest fleet status report, the semi-submersible drilling rig Atwood Eagle is scheduled to be idled in May and, accor
One of the world’s largest offshore drilling contractors, Transocean, returned to profit in the first quarter of the year as opposed to a loss in the corresponding period last year. The company’s revenues dropped due to reduced rig activity. Transocean reported net income attributable to controlling
Offshore drilling contractor Maersk Drilling delivered a 32% increase in profit that amounted $222 million for the first quarter 2016, compared to $168 million in the same period last year. The company also saw a boost in revenues during the quarter. The underlying profit was $223m, a 14% increase w
Offshore drilling contractor Rowan Companies saw a marginal decrease in net income and a 9% drop in revenues in the first quarter of 2016 when compared to the same period last year. Namely, the company on Wednesday reported net income of $122.8 million, compared to $123.7 million in the first quarte
Plexus Holdings has received its ninth purchase order since 2012 from Det norske oljeselskap to supply surface wellhead and mudline equipment services for the Langfjellet standard pressure exploration well on the Norwegian Continental Shelf. According to Plexus, an oil and gas engineering services b
The U.S. independent oil company Anadarko has hit net pay at its CI-103 block, offshore Ivory Coast. In its quarterly results presentation on Monday, the company revealed it struck approximately 100 net feet of vertical pay in the company’s first horizontal deepwater well at Paon-5A, offshore the We
Offshore driller Hercules Offshore, which in November last year emerged from Chapter 11 bankruptcy, has been given a deadline by Sembcorp Marine’s Jurong Shipyard in Singapore to take delivery and pay for the jack-up rig the shipyard is building for Hercules. The newbuild jack-up rig Hercules Highla
Singapore’s offshore rig builder Keppel Offshore & Marine has completed the acquisition of Cameron International Corporation’s offshore product division, which comprises the LeTourneau jack-up rig designs, rig kit business, as well as its aftersales and aftermarket services. The acquired company wil
