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
Ocean Rig UDW, a global provider of offshore deepwater drilling services, announced on Tuesday that one of its drilling contracts has been terminated. Specifically, on February 11, 2016, Total E&P Congo gave notification to terminate for convenience the long-term contract of the 7th generation ultra
Offshore drilling company Pacific Drilling has received a warning from the New York Stock Exchange, according to which the company’s shares do not satisfy a minimum share price, and are subject to delisting if the situation is not rectified. “On January 13, 2016, Pacific Drilling S.A. received notic
Transocean, one of the world’s largest offshore drilling contractors, is reportedly planning to cut at least 230 jobs in Norway. According to Stavanger Aftenblad, a Norwegian news website, Transocean previously axed 575 jobs and this latest round of job cuts was announced last week. The decision to
Nakilat-Keppel Offshore & Marine (N-KOM), the joint venture shipyard between Qatar’s Nakilat and Keppel Offshore & Marine (Keppel O&M), has delivered its first liftboat unit. The liftboat “Al Safliya” has been delivered to Qatari rig operator Gulf Drilling International (GDI), subsidiary of Gulf Int
Baker Hughes Incorporated on Friday posted Weekly Rig Count reports, according to which the U.S. offshore rigs have dropped down. BHI Rig Count: U.S. -30 to 514 rigs U.S. Rig Count is down 30 rigs from last week to 541, with oil rigs down 28 to 439, and gas rigs down 2 to 102. U.S. […]
Paragon Offshore, a jack-up rig operator that came into existence after spinning off from Noble Corporation, has reached an agreement with its creditors to restructure its balance sheet. The company, recently delisted from the New York Stock Exchange, said on Friday the restructuring is expected to
Blackstone, one of the world’s largest investment firms, has set up a fund to finance the troubled offshore drilling industry. According to a statement on Thursday, the new platform, named Clarion Offshore Partners, will provide strategic solutions to the offshore oil and gas drilling and services s
Offshore drilling contractor Transocean has been awarded several new contracts for its drilling rigs. In addition, the driller’s newbuild drillship started a contract with Shell. In the company’s latest fleet status report covering a period from October 2015 till February 2016, Transocean said that
Noble Corporation, a UK-based offshore driller has managed to extend a contract for one of its drilling rigs in January. In its fleet status report, Noble said Maersk Oil has decided to extend a contract for the Noble Sam Turner, a high-specification, harsh environment jack-up. However, the extensio
