Sembcorp Marine’s PPL Shipyard on Tuesday started a court action in the Singapore High Court against Marco Polo Marine, a parent company of Marco Polo Drilling, as their rig construction dispute keeps heating up. To remind, PPL Shipyard (PPLS) was building a jack-up rig of a Pacific Class 400 series
Noble Corporation, a UK-headquartered offshore drilling contractor, might lay off up to 130 employees. According to the Texas Workforce Commission, the state agency charged with overseeing and providing workforce development services, Noble is planning to reduce its workforce by up to 130 workers st
Sembcorp Marine Ltd, a Singapore-based offshore rig builder, has issued a profit warning for the upcoming quarter and the full year 2015. The company, also known as Sembmarine, said that it expected to record a net loss for the fourth quarter ending December 31, 2015, a significant decline in the ne
Anadarko, an independent oil and gas company based in Texas, will pay $159 million for its involvement in the Deepwater Horizon oil spill that happened in April, 2010, in the U.S. Gulf of Mexico. This was revealed in a ruling by the U.S. District Court for the Eastern District of Louisiana on Monday
DNV GL, one of the world’s largest classification societies, has given an approval in principle to Dalian Shipbuilding Industry Co. Ltd (DSIC) for their new DSJ-500 jack-up design for drilling in depths of up to 500 feet. The approval in principle certificate was today handed over to Liu Wenmin, DSI
The rig construction dispute between Marco Polo Marine’s Marco Polo Drilling (MP Drilling) and Sembcorp Marine’s PPL Shipyard shows no signs of stopping, as both companies keep refuting the claims of the other. In its latest announcement issued on Monday, MP Drilling disagreed with PPL’s statement f
Transocean has secured a contract for the semi-submersible drilling rig Transocean Arctic. It will be used for drilling in the Alvheim and Volund fields, offshore Norway. The news was revealed on Monday by Det norske oljeselskap, a Norwegian oil company for which the rig will be operating. According
The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for well 16/4-10, in the North Sea, offshore Norway. The well 16/4-10 will be drilled from the Island Innovator drilling rig. The drilling programme for well 16/4-10 relates to drilling of a wildcat well in prod
Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website, according to which offshore rig count has remained unchanged over the last week. BHI Rig Count: U.S. -13 to 744 rigs U.S. Rig Count is down 13 rigs from last week to 744, with oil rigs down 9 to 555, and
Lamprell, a provider of fabrication, engineering and contracting services to the energy industry, has signed an agreement with its largest client to extend options for its next jack-up rigs and has agreed a new option. Lamprell and the National Drilling Company of Abu Dhabi (NDC) recently signed an
Malaysia’s UMW Oil & Gas has seen its third quarter 2015 revenues and profit drop due to lower charter rates and expenses for an uncontracted newbuild rig. The company’s revenues of RM212.7 million ($50.1 million) for the third quarter were 16.4% lower than the previous year’s corresponding quarter
Offshore drillers have scrapped forty-four floating drilling rigs in a little over a year, due to a combination of persisting low oil prices, reduced drilling activity, and oversupply in the rig market. The numbers above were revealed this week by Seadrill, one of the largest providers of ultra-deep
Prosafe, the operator of semi-submersible accommodation rigs, is considering a delay in delivery of its newbuild accommodation rig being built by Jurong Shipyard. Prosafe said on Thursday it has agreed with Singapore’s Jurong Shipyard to a flexible delivery of the Safe Zephyrus accommodation rig. Ac
Axis Offshore, a provider of flotels servicing the offshore oil & gas industry, has posted a net loss in the third quarter 2015 and a drop in revenues. In addition, the company has reported that one of its newbuild flotels is scheduled to start sea trials soon. According to Axis Offshore’s 3Q 2015 r
