Songa Offshore, an offshore drilling contractor, has informed that another one of its Cat D drilling rigs has experienced blowout preventer (BOP) related operational issues. According to Songa Offshore’s January fleet update, the company’s Cat D drilling rig Songa Equinox performed weather related r
ConocoPhillips, one of the world’s largest independent oil and gas exploration and production companies has been fined after gas leaks on a gas platform off the Lincolnshire coast put workers’ lives in danger. According to the Health and Safety Executive (HSE) UK, ConocoPhillips admitted serious saf
Diamond Offshore Drilling, a deepwater drilling contractor, on Monday posted a net loss of $245 million for the fourth quarter 2015, compared to net income of $99 million in the fourth quarter of 2014. Results for the quarter included a non-cash charge of $499 million associated with the impairment
Hercules Offshore’s jack-up drilling rig Hercules 205 has been released by the previous operator, Renaissance, and is expected to start mobilization to Byron Energy’s Gulf of Mexico well once the weather conditions allow it. According to Byron Energy, the operator of several blocks in the Gulf of Me
Soco International, an oil and gas exploration and production company, has announced that the Baobab Marine-1 (BABM-1) commitment well started drilling on February 5, 2016 in the Mer Profonde Sud Block, located in the Lower Congo Basin, offshore Congo. Soco is the operator of the block with 60% inte
Transocean, an offshore drilling contractor, has received an early contract termination for one of its drillships. Namely, Murphy Exploration & Production Company – USA, a subsidiary of Murphy Oil Corporation, has elected to terminate the contract for the 2001-built ultra-deepwater drillship Discove
Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website according to which the number of offshore rigs has plunged. BHI Rig Count: U.S. -48 to 571 rigs U.S. Rig Count is down 48 rigs from last week to 571, with oil rigs down 31 to 467, and gas rigs down [&hell
Maersk Drilling has failed to find a new contract for the semi-submersible Maersk Developer and will now have to stack it, axing 80 jobs in the process. Following completion of a six-year contract with the Norwegian oil giant Statoil, the Maersk Developer arrived to Port Fourchon, Lousiana, where it
The international offshore rig count for January 2016 was down both sequentially and year over year, according to a report by Baker Hughes, an oilfield services provider. The international offshore rig count for January 2016 was 242, down 8 from the 250 counted in December 2015, and down 72 from the
Offshore drillers, companies providing drilling rigs for the oil and gas industry’s marine exploration efforts, continue to face murky market conditions, and according to Fitch ratings agency, the situation is nowhere nearly close to improvement. According to Fitch, a 70% drop in oil price, and the
Prosafe, the world’s largest provider of offshore accommodation rigs, has taken delivery of the new flotel. The flotel named Safe Notos, has been delivered to the company by the China-based Cosco shipyard. The Safe Notos, able to accommodate 500 workers, will be deployed on an eight-month firm contr
Independent Oil and Gas plc (IOG), the North Sea focused oil and gas company, has today entered into a conditional agreement with London Oil and Gas Limited (LOG) for the provision of a secured convertible loan facility for up to £10 million ($14.6M). In addition, the company agreed with its offshor
The Petroleum Safety Authority (PSA) has granted ConocoPhillips consent to use the Rowan Norway drilling rig for plugging and abandonment of wells at Ekofisk 2/4 B, offshore Norway. Ekofisk is an oil field lying in 70-75 metres of water in the southern North Sea. The field was produced to tankers un
British oil company BP has extended a contract for the semi-submersible tender assist drilling rig SKD Jaya. The contract has been extended by BP’s subsidiary BP Trinidad & Tobago LLC with Malaysia’s SapuraKencana. Under the extension the SKD Jaya rig will be for used development drilling campaign o
