Songa Offshore, an offshore drilling contractor listed on the Oslo exchange, on Friday reported a net profit of $17 million for the second quarter of the year. For comparison, Songa Offshore posted a net loss of $9 million in the second quarter of 2014. Also, the company has forecasted drillers will
Lundin Norway has received consent from the Petroleum Safety Authority Norway (PSA) to drill two exploration wells, one with the Borgland Dolphin rig and the other one with the Island Innovator, in the North Sea and the Norwegian Sea, respectively. The PSA granted Lundin the consent for drilling exp
Specialist marine services provider Viking SeaTech UK has secured a long-term North Sea contract with the UK business of international oil and gas company Maersk Oil. According to its press release, this is the first time Viking SeaTech has secured a contract with the major oil and gas operator. The
The Petroleum Safety Authority Norway (PSA) has completed its investigation into two incidents which occurred on ConocoPhillips’ Eldfisk complex, in the Norwegian North Sea, on 6-8 August 2014. According to the regulator, several breaches of the regulations have been identified. Eldfisk is an oilfie
Transocean, one of the world’s largest drilling contractors, has won a pair of contract extensions, one in India and the other one in Norway, but with reduced dayrates. According to Transocean’s latest fleet status report, its ultra-deepwater drillship, the Dhirubhai Deepwater KG2, has been awarded
Awilco Drilling, a UK based drilling contractor, on Wednesday reported its net profit for the quarter was $35.3 million, up from $26 million reported in the second quarter of 2014. Revenue also rose to $69 million for the quarter, from $65 reported in the corresponding period a year ago. The company
The Norwegian Petroleum Directorate (NPD) has granted Wintershall Norge AS a drilling permit for well 35/11-18, in the Norwegian sector of the North Sea. Well 35/11-18 will be drilled from the Borgland Dolphin drilling rig after concluding the drilling of wildcat well 6507/3-11 S for E.ON E&P NORGE
Shell has obtained an approval to go deeper, into oil-bearing zones, with its exploration in the Chukchi Sea, offshore Alaska. Bureau of Safety and Environmental Enforcement (BSEE) Director Brian Salerno on Monday announced that Shell received approval of one Application for Permit to Modify (APM) t
Shell Offshore has awarded transportation contract of the Appomattox Platform to COSCO Shipping Company Limited. According to its press release, COSCO signed a contract with Shell Offshore Inc. on July 6, 2015, for the transportation of the Appomattox semi-submersible offshore platform hull from Sou
Primeline Energy Holdings, an independent China focussed oil and gas exploration and production company, has entered into a turnkey drilling contract with China Oilfield Service Ltd. (COSL) for its 2015 exploration programme of two wells in Block 33/07 in the East China Sea. Primeline signed a lette
KrisEnergy Ltd., an independent upstream oil and gas company, has started oil production from the Wassana oil field in the G10/48 concession in the Gulf of Thailand. According to KrisEnergy, the production started Friday, August 14, 2015, which is 15 months after the company became the operator of t
Norwegian petroleum safety watchdog has completed its probe into a dropped object incident which happened on an offshore rig in March. The incident happened on North Atlantic Drilling’s West Venture semi-submersible drilling rig right before midnight on March 23, 2015, while the rig was working on t
The Petroleum Safety Authority Norway (PSA) has completed its investigation of an incident involving personal injury on the Transocean Barents on March 4, 2015 and identified several non-conformities from the regulations. The incident occurred on the Transocean-operated semi-submersible drilling rig
Oil prices fell to near six-year lows on Monday as Japan’s economy contracted and producers in the United States added drilling rigs for a fourth straight week despite a recent rout in prices.
