Ensco, a UK-based drilling contractor, has decided to scrap five of its jack-up drilling rigs and one drillship in order to reduce costs. The rigs set for scraping are jack-up drilling rigs Ensco 56, Ensco 81, Ensco 82, Ensco 86, and Ensco 99, and a 1999-built drillship Ensco DS-1. Ensco Chief Execu
Offshore deepwater drilling contractor Seadrill has seen a boost in its income during the fourth quarter of 2015, but a drop in revenues both year over year, and sequentially due to idle rigs. In the company’s fourth quarter 2015 results report on Thursday, Seadrill reported net income attributable
Norwegian oil giant Statoil has completed drilling of wildcat well 30/9-28 S, near the Oseberg field in the North Sea offshore Norway, that resulted in a minor gas discovery. Statoil is the operator of production licence 104 where the well is located. The well was drilled about 5.5 kilometres west o
Offshore drilling contractor Transocean has posted net income of $611 million for the fourth quarter of 2015 compared with a year-earlier loss of $739 million. Fourth quarter 2015 results included net unfavorable items of $4 million: $29 million related to loss on impairment of the GSF Grand Banks a
German oil and gas company Wintershall has failed to find hydrocarbons in its Kvalross exploration well located in the Barents Sea, offshore Norway. According to Faroe Petroleum, an independent oil and gas company and a partner in the project with 40% stake, the drilling has reached target depth on
Offshore drilling contractor Transocean has received a notice of early termination for one of its semi-submersible drilling rigs from ExxonMobil. The contract for Transocean’s ultra-deepwater drilling rig, GSF Development Driller I, was cancelled by ExxonMobil’s subsidiary in Angola, Esso Exploratio
Orca Exploration Group has announced the completion of its offshore workover and drilling program on the Songo Songo gas field development offshore Tanzania, and the release of the Paragon M826 drilling workover rig. The offshore program of the Songo Songo Main Field development program included wor
Vantage Drilling, an offshore drilling contractor with a fleet of three ultra-deepwater drillships, has signed an agreement for a two-year extension of the Tungsten Explorer contract. According to Vantage, the contract is now anticipated to keep the Tungsten Explorer working until October 2018. Howe
Baker Hughes Incorporated, an oil field services provider, on Friday posted Weekly Rig Count reports to its Investor Relations website according to which the U.S. offshore rig count has not changed. BHI Rig Count: U.S. -27 to 514 rigs U.S. Rig Count is down 27 rigs from last week to 514, with oil ri
Maersk Drilling, an offshore drilling contractor, has informed that a Norwegian oil firm Statoil has cancelled a contract for one of its drilling rigs. The offshore driller afterwards signed a new agreement whereby the rig is now under contract with Total. Statoil has cancelled the contract for the
Ensco, a UK-based offshore drilling contractor, has received a contract award for one of its drilling rigs from Chevron in Indonesia. According to Ensco’s February fleet status report, the 2011-built, deepwater, semi-submersible drilling rig Ensco 8504 is currently mobilizing to Indonesia. The rig w
Paragon Offshore, an offshore drilling contractor, has stacked one of its drilling rigs after it arrived from India to UAE. According to the offshore driller’s February fleet status report, the 1975-built drillship Paragon MDS1 was stacked in the UAE as the rig was without a contract since October 2
Fred. Olsen Energy, a Norwegian offshore drilling company, sank to a loss in the fourth quarter of 2015 after a non-cash impairment charge of $158 million, including an impairment of $91 million in connection with the cancellation of the Bollsta Dolphin rig. To remind, Fred. Olsen’s subsidiary Bolls
Byron Energy has spudded the SM-6 #2 well in the U.S. Gulf of Mexico using the Hercules 205 jack-up drilling rig. The well is being drilled in water depth of approximately 20 meters/65 feet, with a planned total measured depth of approximately 2,900 metres/9,516 feet and total vertical depth of 2,78
