Transocean, an offshore drilling contractor, has stacked several of its drilling rigs and has received a contract award for one of its jack-up rigs in the United Arab Emirates. According to Transocean’s October fleet status report, the company’s high-spec jack-up drilling rig, GSF Constellation I, h
South Korean rig builder Hyundai Heavy Industries (HHI) on Monday reported a net loss of 451.4 billion Korean won ($398 million) for the third quarter of 2015, hurt by delays in offshore projects. The company’s sales fell to 10.9 trillion Korean Won ($9.6 billion). On a quarter-on-quarter basis, s
Fred. Olsen Energy has terminated a newbuilding contract with Hyundai Heavy Industries (HHI) for the construction of a semi-submersible drilling rig, the Bollsta Dolphin, as a result of delay in delivery of the rig. The rig construction contract provides that on termination Bollsta will be entitled
Norwegian oil and gas giant Statoil has been hit by yet another oil spill at its Statfjord field, in the Norwegian sector of the North Sea. According to Reuters, the oil spill occurred on Sunday at Statfjord A platform with no impact on production from the platform. The news organization quoted Stat
Transocean, an offshore drilling contractor, has agreed with Shell and Daewoo Shipbuilding & Marine Engineering Co. (DSME) to delay the operating and delivery contracts of two newbuild drillships. The Deepwater Pontus and the Deepwater Poseidon ultra-deepwater drillships will be delayed by 12 months
Indian offshore drilling company Aban Offshore has secured a contract for one of its jack-up rigs. The 34 years old rig, Aban II, will work for ONGC, the national oil company of India, for a period of three years. The rig, formerly known as the Griffin Alexander III, was built in 1981 in Bethlehem S
Lundin Petroleum, independent oil and gas exploration and production company, has made a small gas discovery with the Mengkuang-1 exploration well in license PM307, offshore Malaysia. Lundin started drilling the well at the start of October. The well targeted hydrocarbons in Miocene aged sands 75 km
Baker Hughes has again posted its Weekly Rig Count reports for the U.S. and Canada. U.S. Offshore rigs recorded a slight rise in numbers.
Alabama, a southeastern U.S. state, has agreed to a settlement with Transocean Offshore Deepwater Drilling, Inc., which owned the Deepwater Horizon drilling rig destroyed in the catastrophic explosion and fire which occurred in April 2010, in the Gulf of Mexico. In the explosion, 11 men aboard were
China’s Dalian Shipbuilding Industry Offshore Co., Ltd has awarded the Netherlands-headquartered AEG Power Solutions (AEG PS), a contract to secure its BT-4000 semi-submersible platform power supply with a customized solution based on AEG PS Protect 8 industrial UPS. According to AEG PS’ press relea
Fred. Olsen Energy has received a notice of arbitration from South Korea’s rig builder Hyundai Heavy Industries Co. Ltd. (HHI). Namely, the Oslo-listed company said Thursday that its subsidiary Bollsta Dolphin Pte. Ltd (Bollsta), had received a notice in which HHI alleges that it is entitled to an a
Shell’s $1 billion exploration program in the Shelburne Basin, about 250 kilometers off southwestern Nova Scotia, Canada, is being criticized by the environmentalists. The Canadian branch of international conservation organization World Wildlife Fund (WWF) has raised concerns about Shell Canada Ltd
Vidar Helgesen (Conservative Party of Norway), minister of European Economic Area (EEA) and EU affairs, has paid a visit to the Statoil-operated ‘Troll A’ platform, in the Troll field, located in the Norwegian part of the North Sea. The reason behind the visit was the start-up of the two new giant c
An offshore worker died aboard a Chevron-operated drillship in the U.S. Gulf of Mexico on Wednesday. According to Reuters, the incident happened aboard the Pacific Santa Ana drillship. The news agency has quoted Chevron as saying that an investigation has been initiated into the cause behind the acc
