Prosafe, the world’s largest provider of offshore accommodation units for the oil and gas industry, has posted a net loss of $6.8 million for the fourth quarter of 2015, down from $51 million profit for the fourth quarter of 2014. The company’s full year net profit was $85.6 million, down from a net
Noble Corporation, an offshore drilling contractor, has reduced its fleet to thirty units after retiring two drilling rigs. In addition, Noble will warm stack two of its ultra-deepwater semi-submersible rigs. In its 4Q results report on Thursday, Noble said it decided to retire the 1976-built drills
Fred. Olsen Energy has informed that its dispute with Hyundai Heavy Industries (HHI) regarding a contract for the design and construction of a semi-submersible drilling rig Bollsta Dolphin is subject to arbitral proceedings. In October 2015, South Korea’s rig builder Hyundai Heavy asked for more tim
Danish oil and gas company Maersk Oil has shared a video showing the construction progress of the wellhead platform (WHP) jacket meant for the company’s Culzean field in the UK North Sea. The video shows the jacket being rolled up at Heerema’s Vlissingen shipyard in the Netherlands. Heerema Fabricat
Pacific Drilling, an offshore drilling contractor headquartered in Luxembourg, informed on Monday that its ultra-deepwater drillship Pacific Khamsin is now without employment after completing its contract with Chevron in Nigeria. This means that three out of Pacific Drilling’s seven drillships are n
Drilling contractor Songa Offshore is set to lay off 200 workers, and shut offices in UK and South Korea. The company on Tuesday said the move was needed as the company “is now transforming from being largely a projects organization to an optimized operating organization.” As part of the process, So
Less than a fortnight has passed since Ocean Rig UDW Inc. an offshore driller run by the shipping magnate George Economou, lost a drillship contract with Eni, and now the company is facing another challenge. Ocean Rig on Monday said that it has received a notice of breach of material obligations fro
A diver died on Friday following an incident that happened on Wednesday, January 27, at the Westcon Olen rig yard in Norway. According to Westcon, which did not provide too many details on the accident, the incident happened on Wednesday morning at the yard, and was related to diving work. An earlie
Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website, and according to the data found in the reports, rigs, both on and off shore are on a downward slope. BHI Rig Count: U.S. -18 to 619 rigs U.S. Rig Count is down 18 rigs from last week to 619, with [&helli
Freeport-McMoRan’s oil and gas division, FM O&G, has decided to idle three drillships in the Gulf of Mexico in order to cut costs. Freeport-McMoRan announced in December it would be reducing its rig utilization from three deepwater Gulf of Mexico drillships to one drillship. As the company continues
Finland’s Wärtsilä has signed a maintenance agreement with Ensco, an offshore drilling contractor, to create savings by optimising Ensco’s assets and improving predictability through condition monitoring services and parts supply management for Ensco’s four drillships equipped with six Wärtsilä 32 e
Kosmos Energy announced on Wednesday that its Guembeul-1 exploration well, located in the northern part of the St. Louis Offshore Profond license area in Senegal, has made a gas discovery. Located approximately five kilometers south of the basin-opening Tortue-1 gas discovery (renamed Ahmeyim) in ap
Byron Energy, the operator of several blocks in the Gulf of Mexico, has cancelled a contract with Hercules Offshore for one of its rigs, and swapped it for another one. The U.S. offshore drilling contractor Hercules Offshore informed on Tuesday in its latest fleet status report that Byron cancelled
Statoil, a Norwegian oil and gas major, has been granted consent from the Petroleum Safety Authority (PSA) Norway to use the Bideford Dolphin drilling rig to drill a sidetrack well on the Vigdis field, offshore Norway. The field is located in production licence 089 in the North Sea. According to the
