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Exploration & Production

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Fossil EnergyBusiness & FinanceProject & TendersEquipment
Seadrill wins two contract extensions, but at a price…
Exploration & Production

Seadrill wins two contract extensions, but at a price…

Seadrill Partners has secured one-year contract extensions for the T-15 and T-16 tender rigs with Chevron Thailand Exploration and Production, Ltd, a subsidiary of the U.S. based oil giant Chevron. According to Seadrill, the contracts will now expire in July and August 2019, respectively. The total

about 10 years ago
Ocean Rig CEO: It will be hard to obtain new rig deals in 2016
Exploration & Production

Ocean Rig CEO: It will be hard to obtain new rig deals in 2016

George Economou, CEO of Ocean Rig UDW, a provider of ultra-deepwater drilling services, expects 2016 will be challenging, and it will be tough obtaining new contracts for drilling rigs. The driller has posted a net income of $138.4 million for the third quarter of 2015. This is a rise compared to th

about 10 years ago
‘Songa Endurance’ arrives in Norway. Preparing for Statoil contract
Exploration & Production

‘Songa Endurance’ arrives in Norway. Preparing for Statoil contract

Songa Offshore, an offshore drilling contractor, has informed that its second Cat D drilling rig, Songa Endurance, arrived in Norway on December 3, 2015. The rig was expected to arrive in Norway in late November. According to the drilling contractor’s latest fleet status report, Songa Endurance has

about 10 years ago
VIDEO: Firefighting efforts continue at Gunashli 10 platform
Exploration & Production

VIDEO: Firefighting efforts continue at Gunashli 10 platform

The video above has been shared by the Azeri ministry of emergency situations. The footage, posted on YouTube on Monday afternoon, shows several offshore vessels fighting the fire aboard the Socar-operated Gunashli 10 platform in the Caspian Sea which burst into flames on Friday. The firefighting ef

about 10 years ago
‘Songa Equinox’ kicks off its 8-year contract with Statoil
Exploration & Production

‘Songa Equinox’ kicks off its 8-year contract with Statoil

Songa Offshore’s first Cat D rig, Songa Equinox, has started drilling operations at the Troll Field, offshore Norway, under its eight-year drilling contract with Statoil. The rig is now on operating rate, Songa Offshore, an offshore drilling contractor, reported on Monday. The rig’s dayrate with Sta

about 10 years ago
Gunashli fire: Six bodies found (Azerbaijan)
Exploration & Production

Gunashli fire: Six bodies found (Azerbaijan)

Dead bodies of six offshore workers, which went missing following the explosion of Socar’s Caspian Sea platform on Friday, have been found. According to the Azeri ministry for emergency situations, two bodies have been brought to shore, and the other four are expected to be recovered soon. This now

about 10 years ago
Husky: Further drilling planned for Bay du Nord discovery
Exploration & Production

Husky: Further drilling planned for Bay du Nord discovery

Statoil is advancing the appraisal work on the Bay du Nord oil discovery, offshore Newfoundland and Labrador, with plans for further drilling in 2016. The Norwegian oil and gas company Statoil is the operator of Mizzen, Harpoon and Bay du Nord discoveries, in the Flemish Pass Basin, with 65% interes

about 10 years ago
International offshore rigs stay on downward trend
Exploration & Production

International offshore rigs stay on downward trend

Baker Hughes, one of the world’s largest oilfield services companies, reported on Monday that the international offshore rig count for November 2015 has dipped when compared to the same period last year and October 2015 rig count. According to Baker Hughes’ report, the international offshore rig cou

about 10 years ago
Jack-up Maersk Guardian back on the water with new 5-year deal
Exploration & Production

Jack-up Maersk Guardian back on the water with new 5-year deal

Maersk Drilling has been awarded a contract with Maersk Oil for the jack-up rig Maersk Guardian for accommodation on various fields in the Danish part of the North Sea. According to Maersk Drilling, the firm contract duration is 5 years with a start date in September 2016. The contract includes two

about 10 years ago
IOG eyes Skipper well spud date
Exploration & Production

IOG eyes Skipper well spud date

Independent Oil and Gas plc (IOG), the North Sea-focused oil and gas company, has secured funds and set a spud date for its Skipper appraisal well, in the UK North Sea. Namely, on December 4, 2015, the company and its subsidiary IOG North Sea Limited entered into two loan agreements with GE O&G and

about 10 years ago
KrisEnergy spuds exploration well in Sakti (Indonesia)
Exploration & Production

KrisEnergy spuds exploration well in Sakti (Indonesia)

KrisEnergy, an independent upstream oil and gas company, has announced that the KS Java Star jack-up rig has started drilling of the Mustika-1 exploration well offshore Indonesia. The well is located in the KrisEnergy-operated Sakti production sharing contract, in the East Java Sea. The company says

about 10 years ago
Transocean clinches two-year deal offshore Canada
Exploration & Production

Transocean clinches two-year deal offshore Canada

Transocean, an offshore drilling contractor, announced on Monday that one of its rigs has been awarded a two-year contract offshore Canada. Transocean’s harsh environment semi-submersible drilling rig Henry Goodrich was awarded a contract with Husky Oil Operations Limited at a dayrate of $275,000. T

about 10 years ago
Statoil gets nod to use ‘COSLInnovator’ on Troll field
Exploration & Production

Statoil gets nod to use ‘COSLInnovator’ on Troll field

The Norwegian Petroleum Safety Authority (PSA) has given Statoil Petroleum its consent to use the COSLInnovator rig for drilling, completion, intervention, workover and well plugging on the Troll field, off Norway. In a letter sent to Statoil, the Petroleum Safety Authority Norway gave the company i

about 10 years ago
Muhibbah chooses SPT Offshore for Ophir wellhead platform services
Exploration & Production

Muhibbah chooses SPT Offshore for Ophir wellhead platform services

The Netherlands-based contractor SPT Offshore has received a Letter of Intent (LoI) from Muhibbah Engineering for the detailed design of the suction pile foundation, design supervision of the jacket and full transportation and installation (T&I) of the Ophir wellhead platform. Muhibbah is the Engine

about 10 years ago
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