Offshore drilling contractor Pacific Drilling has posted a drop in its second quarter 2015 profit, when compared to the same period a year ago. The company’s net profit was $47.1 million in 2Q 2015, versus $49.8 million in 2Q 2014. Contract drilling revenue for second-quarter 2015 was $273.9 million
Two Bureau of Safety and Environmental Enforcement (BSEE) inspectors are overseeing Shell drilling operations 24/7 in the Chukchi Sea to ensure compliance with federal regulations and safety standards. According to a BSEE statement issued Wednesday, the inspectors boarded the semi-submersible drilli
Lundin Norway AS has completed the drilling and logging of appraisal well 16/1-23 S on the Edvard Grieg field in the Norwegian North Sea. The well was located in PL338 and was drilled approximately 2.4 km southeast of the Edvard Grieg platform location. According to Lundin, the objectives of the wel
ExxonMobil has moved its drillship from the disputed waters offshore Guyana, where it recently made a significant oil discovery, triggering a maritime border spat between Venezuela and Guyana. According to reports, the Transocean-owned Deepwater Champion drillship which had been used for drilling at
Chevron has informed it does not expect any production from its giant Big Foot tension leg platform (TLP), in the Gulf of Mexico, until 2018. The production was previously planned to start in the late 2015. Chevron Corporation – EVP, Upstream, Jay Johnson, said during the company’s second quarter co
Cape plc, a UK-based energy services company, has won a contract extension worth £9.8million ($15.27M) on oil major BP’s Clair Ridge project, located 75 kilometers to the west of the Shetland Islands. The company said that the contract extension would help secure 170 jobs. According to Cape, the con
Shell has kicked off drilling operations in the Chukchi Sea, offshore Alaska, using the Transocean-owned Polar Pioneer drilling rig. According to the company, the Polar Pioneer semi-submersible drilling rig spudded the Burger J well at approximately 17:00 Alaska Daylight Time, Thursday, July 30. The
Otto Energy has started drilling at the Hawkeye-1 exploration well, offshore Palawan Basin in the Philippines. According to Otto Energy, the Hawkeye-1 was spud on July 31, 2015. In a statement issued Monday the operator said the 36” conductor had been run to 1,906 metres and the 26” hole subsequentl
Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website according to which the U.S. offshore rig count is up from last week. BHI Rig Count: U.S. -2 to 874 rigs U.S. Rig Count is down 2 rigs from last week to 874, with oil rigs up 5 to 664, gas […]
Awilco Drilling PLC, a UK-based drilling contractor, and Hess Limited have mutually agreed to release the WilHunter semi-submersible rig ahead of the December 1, 2015 contract date as a consequence of the early completion of the decommissioning program. Awilco has said that there will be no negative
With the drillship Maersk Venturer loaded out and now at the Hawkeye drilling location, offshore the Philippines, Otto Energy will spud the Hawkeye-1 well over the coming weekend. Red Emperor Resources, a Joint Venture partner in the prospect with 15% interest, said Thursday that drilling will start
PSE Seven Heads Limited, the operator of SEL 4/07, and a subsidiary of PSE Kinsale Energy Limited, which is in turn a subsidiary of Malaysia’s Petronas, has started drilling operations on the Midleton prospect in the Celtic Sea, offshore Ireland. Kinsale Energy holds an 80% interest in SEL 4/07, wit
Prosafe, the owner and operator of semi-submersible accommodation vessels, has informed that the conversion of the semi-submersible accommodation rig Safe Scandinavia into tender support vessel has experienced delays. The rig is being converted at the Westcon yard in Ølensvåg, Norway. It arrived at
Ensco, a drilling contractor with headquarters in London, will reportedly be laying off staff. According to BBC, the company is set to make over 100 employees redundant due to two rigs that had been stacked as a result of the current market downturn. Both rigs in question are jack-up drilling rigs,
