West Venture, a semi-submersible drilling rig, has ended its adventure with Norway’s largest oil company Statoil, after fifteen years in service. The owner of the rig, North Atlantic Drilling Limited (NADL), said on Thursday the rig had completed its contract. The rig, built in 2000, is now undergoi
Sevan Drilling Limited, an international drilling contractor specializing in the ultra deepwater segment, on Thursday posted a rise in net profit for the second quarter of 2015 when compared to the same period last year. Namely, Sevan reported a net profit of $13.7 million in Q2 2015 compared to $9.
Three years after two workers were killed in an offshore explosion on a drilling rig in Australia, the rig’s owner has pleaded guilty. Namely, in the Magistrates Court of Victoria yesterday, Stena Drilling Australia Pty Ltd, the owner of the Stena Clyde – the rig in question – pleaded guilty for bre
Seadrill, one of the world’s largest offshore drilling contractors, on Thursday reported its second quarter 2015 net income was $423 million. Net income fell when compared to $653 million earned in the second quarter of last year. Revenue was $1.15 billion in 2Q 2015, vs $1.22 billion in 2Q 2014. As
The Petroleum Safety Authority Norway (PSA) has given Statoil consent to use Songa Trym drilling rig for drilling an exploration well in block 15/3, in the southern North Sea. Statoil is the operator for exploration licences 025 and 187 in the North Sea block. This consent applies to drilling of the
The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum AS a drilling permit for well 25/11-28, in the Norwegian sector of the North Sea. Well 25/11-28 will be drilled from the semi-submersible drilling rig Songa Trym. The drilling program for well 25/11-28 concerns the drilling of a
Maersk Oil, a Danish oil and gas company, is preparing to shut down one of its North Sea assets, a decision that could cause the loss of up to 200 jobs. Namely, the company’s UK subsidiary, Maersk Oil North Sea UK Limited, is going to approach UK’s Oil and Gas Authority (OGA) seeking approval to cea
Hercules Offshore, an offshore drilling contractor, has been awarded a 20-day contract with Italian oil company Eni in the Gulf of Mexico. Hercules’ 1979-built jack-up rig of a Bethlehem JU-200-MC design, the Hercules 205, received a contract from Eni with a $59,000-61,000 dayrate. According to Herc
Falkland Oil and Gas Limited (FOGL) has informed that the completion of the Humpback exploration well in the South Falklands Basin, offshore the Falkland Islands, has been delayed due to operational issues. The well is located in licence PL012 in which FOGL has a 52.5% working interest. Noble Energy
Xcite Energy Ltd, the operator of an oilfield dubbed one of the largest undeveloped resources in the UK North Sea, the Bentley field, is looking to benefit from the lack of work in shipyards, while also trying to secure funding for the development. The company which operates the Bentley heavy oil fi
Songa Offshore, an offshore drilling contractor, on Monday took delivery of the Songa Endurance rig from Daewoo Shipbuilding & Marine Engineering (DSME) in Korea. The rig will shortly depart South Korea en route to Norway for start of an eight-year drilling contract with Statoil, with first assignme
Baker Hughes Incorporated on Friday posted Weekly Rig Count reports. The U.S. offshore rig count is down compared to the previous week. BHI Rig Count: U.S. +1 to 885 rigs U.S. Rig Count is up 1 rig from last week to 885, with oil rigs up 2 to 674, gas rigs unchanged at […]
Prosafe, the Oslo-listed provider of offshore accommodation units, posted a drop in both its second quarter revenue and profit. The company’s revenue fell to $92.5 million, from $133 million a year ago, and profit dropped to $12.2 million from $42 million in the second quarter of 2014. Fleet utilisa
Gazprom Neft has brought its second well into production at the Prirazlomnoye field, with output totalling 1,800 tonnes per day. The Prirazlomnoye project is the first ever upstream project on the Russian Arctic Shelf, Commercial production started in December 2013. The launch of the new well will
