CIMC Raffles, a Chinese rig builder, on Thursday delivered a new semi-submersible drilling rig.
Swedish oil and gas explorer Lundin Petroleum has failed to unearth oil and gas at an offshore in well Malaysia. According to the company, the Selada-1 exploration well in Block PM308A, well was dry and has been plugged and abandoned. The well was targeting hydrocarbons in Miocene aged sands approxi
DNV GL, one of the world’s largest classification societies and advisory body for the offshore oil and gas industry, will launch a joint industry project (JIP) for jack-up industry players. Providing the reasons behind the JIP , DNV GL, pointed to the fact that a lack of properly assessed and define
Responding to Marco Polo Drilling’s Tuesday announcement about launching a contractual dispute process against Sembcorp Marine’s PPL Shipyard, the yard on Wednesday said the contract was still in effect and that, in fact, MP Drilling was in breach. To remind, MP Drilling, a subsidiary of Marco Polo
Anadarko Petroleum, an independent oil and gas exploration and production company, has recently posted a video of the Heidelberg floating truss spar upending. The company upended their Gulf of Mexico Heidelberg truss spar in July 2015 and recorded the entire operation, from towing through upending t
U.S. offshore drilling contractor Hercules Offshore has informed that one of its drilling rigs has started working for Renaissance Offshore, an oil and energy company based in Houston, Texas. According to Hercules’ latest fleet status report on Tuesday, the Hercules 205 jack-up rig started working f
Quadrant Energy, an Australian oil and gas company, has started drilling the Roc-1 well, offshore Australia. The Roc-1 well is located in licence WA-437-P, offshore Western Australia, and adjacent to the recent Phoenix South-1 oil discovery by Apache, in November. According to Carnarvon Petroleum, a
Marco Polo Marine’s subsidiary, Marco Polo Drilling (MP Drilling), on Tuesday initiated the contractual dispute process against Sembcorp Marine’s subsidiary, PPL Shipyard, seeking refund of payments made for a rig construction. Namely, MP Drilling last week cancelled a newbuild rig construction cont
Sevan Drilling, an international drilling contractor specializing in the ultra deepwater segment, has seen a profitable third quarter of 2015 as opposed to a net loss posted in the same period last year. In addition, Sevan boosted its revenues for the quarter due to improved rig fleet performance. A
Offshore drilling contractor Seadrill on Tuesday reported a drop in revenue and net income for the third quarter of 2015. Revenues fell to $985 million from around $1.29 billion a year ago due to increased idle time and lowered dayrate on several rigs. Seadrill also reported a net loss of $1.9 billi
Malaysia’s UMW Oil & Gas subsidiary, UMW Offshore Drilling, has received a letter of award for one of its drilling rigs from SapuraKencana Energy, also from Malaysia. SapuraKencana Energy Peninsula Malaysia Inc., SapuraKencana Energy Sarawak Inc. and SapuraKencana Energy Sabah Inc., collectively ref
Lundin Petroleum, an independent oil and gas exploration and production company, has started drilling of exploration well 7130/4-1 on the Ørnen prospect, in the Barents Sea, offshore Norway. The well 7130/4-1 will explore the Ørnen prospect in PL708, located on the eastern parts of the Finnmark Plat
Singapore’s KS Energy has secured a contract for a jack-up drilling rig in Indonesia. According to a Singapore Stock Exchange filing on Friday, the company, has via subsidiary KS Drilling, won a deal for the “KS Java Star” jack-up drilling rig. The work in Indonesia is expected to start in December
Transocean Ltd., one of the world’s largest offshore drilling contractors, is looking to delist from the Swiss SIX Exchange. The company, based in Zug, Switzerland, informed of the plan on Monday, adding that it would remain incorporated in Switzerland. “The company expects the SIX listing authoriti
