Harland and Wolff, a Belfast-based ship and rig repair yard, has completed the dry docking and SPS class renewal survey of the Byford Dolphin semi-submersible drilling rig. The rig left Belfast during the summer following a six-month dry docking in the ship yard’s main building dock. Harland and Wol
Kosmos Energy announced on Thursday that the Marsouin-1 exploration well, located in the northern part of Block C-8 offshore Mauritania, has made a play-extending gas discovery. This is the company’s second major discovery of 2015. The first discovery was made in April 2015 with the Tortue-1 explora
While many of its competitors in the offshore drilling market have suffered losses and lower revenues, offshore drilling contractor Atwood Oceanics has been profitable in the third quarter of 2015. In addition, the company has received a contract extension for one of its drillships. The company on M
Vantage Drilling Company, an offshore drilling contractor with a fleet of three ultra-deepwater drillships, has seen its net loss deepen in the third quarter of 2015 when compared to the same period last year. The drilling contractor on Monday posted a net loss for the third quarter 2015 of $52.4 mi
Italian oil company Eni has completed the sidetrack well GU2-Dir A at the Guendalina gas field in the Northern Adriatic, offshore Italy. Eni is the operator with 80% interest, while Rockhopper Exploration has 20% interest in the field. To remind, Eni found more gas at the sidetrack well in its Guend
Even though early results indicated potential, Malaysian Hibiscus Petroleum, an independent oil and gas exploration and production company, has found no commercial hydrocarbons in its Sea Lion prospect, offshore Australia. According to 3D Oil Limited, a partner in the project, wireline evaluation an
Paragon Offshore, a provider of offshore drilling rigs, has expanded its loss for the third quarter of 2015 when compared to the same period last year. In addition, the company has extended the delivery date for its newbuild jack-up rig. Paragon Offshore on Monday reported a third quarter 2015 net l
Canadian oil and gas firm Husky Energy has moved a step forward towards production from its offshore gas-condensate project in Indonesia. According to the company, the jacket and the wellhead platform for the Madura Strait BD project have been installed at the offshore location in around 55 meters o
Pacific Drilling, an offshore drilling contractor, on Sunday posted a drop in its third quarter 2015 profit versus the one made a year ago, and in the previous quarter of 2015. In its 3Q 2015 report, the drilling contractor posted a net income of $41 million in the third quarter 2015, compared to ne
Lundin Petroleum, a Swedish independent oil and gas exploration and production company, has started drilling of the Selada-1 exploration well in Block PM308A, offshore Malaysia. Lundin says the well will target hydrocarbons in Miocene aged sands and is located 14 km to the south of the Bertam field
Hibiscus Petroleum has found indications of hydrocarbons at its Sea Lion prospect, offshore Australia. According to 3D Oil Limited, a partner in the project, the Sea Lion-1 exploration well has intersected the target zones and has reached a total depth of 1672 metres. The company says that current o
Hercules Offshore, a Houston-headquartered offshore drilling contractor, has completed its financial restructuring and emerged from Chapter 11 of the U.S. Bankruptcy Code. Also, funding of the company’s new $450 million senior secured credit facility has been completed. Hercules in August filed a pr
Boskalis has completed reinforcing Maersk Oil’s Dan Bravo platform in the North Sea, offshore Denmark. Dan is the oldest producing field in Denmark. The oil production started on July 4, 1972, and according to Maersk Oil, close to 28 % of total Danish oil production has been extracted from the Dan F
Baker Hughes Incorporated has posted Weekly Rig Count report on its website. According to the report, the U.S. offshore rig count fell. BHI Rig Count: U.S. -4 to 771 rigs U.S. Rig Count is down 4 rigs from last week to 771, with oil rigs down 6 to 572, and gas rigs up 2 to […]
