Fred. Olsen Energy, a Norwegian company owning drilling rigs, has said that floating rigs market continues to be challenging in all segments, with low tendering and contracting activity, further pressed by more newbuild units entering the market. In its presentation today, the company has revealed a
Repsol Exploration Norge AS (RENAS) has received consent from the Petroleum Safety Authority (PSA) Norway to drill the exploration well in the Norwegian Sea using Bredford Dolphin drilling rig. RENAS is the operator for production licence 642 in block 6306/5 in the southern Norwegian Sea. The explor
China’s TSC Group, an offshore and onshore drilling equipment provider, and Dalian Shipbuilding Industry Offshore Engineering Co., Ltd. (“DSIC”) will cooperate on the DSJ375 jack-up rig project, with a scope including but not limited to its configuration, design and construction. The DSJ375 is DSIC’
Ensco plc has entered into a three-year contract with NDC for a new premium jackup, ENSCO 110. This newbuild rig is scheduled to begin operations later this month offshore United Arab Emirates at a rate of approximately $114,000 per day. NDC has also contracted ENSCO 104 for a three-year term at a d
Mexican offshore oil and gas industry has been hit by another fatal accident in a little over a month. Two workers died today in an incident that happened on a jack-up rig in the Bay of Campeche, Mexico. According to Pemex, Mexico’s national oil company, the accident occurred aboard the Troll Soluti
Noble Energy, a Houston-based oil and gas exploration and production company, has executed the completion work on the Dantzler-1 production well located in the Gulf of Mexico. According to the company’s 1Q 2015 report, all drilling and completion activities for the Rio Grande project (Big Bend and D
Maersk Drilling’s ultra deepwater drillship Maersk Voyager is now well on its way towards Ghana where it will operate for Eni Ghana Exploration and Production Ltd. Maersk Drilling said yesterday, May 4, 2015, that Maersk Voyager’s first stop is in Singapore and according to VesselFinder that is wher
Offshore drilling contractor Pacific Drilling S.A. has reported net income for the first quarter 2015 of $51.7 million, compared to a net income of $22.2 million for the first quarter of 2014. CEO Chris Beckett said, “The company had an exceptional fourth quarter in 2014, and our first-quarter opera
Helix Energy Solutions, a Houston-based oilfield services provider has taken delivery Q5000 semi-submersible well intervention vessel from Sembcorp Marine’s Jurong Shipyard. In conjunction with delivery of the vessel, the company used proceeds of the previously announced $250 million Q5000 credit fa
Otto Energy Ltd has executed a binding contract with Maersk Drilling to secure the Maersk Venturer ultra-deep water drillship for the Hawkeye-1 exploration well offshore the Philippines. The Gross Prospective Resource Best Estimate for the Hawkeye Prospect is 112mmbo (74mmbo net to Otto). Otto says
Diamond Offshore Drilling, Inc., a Houston-based offshore drilling contractor, today reported a net loss of $256 million, in the first quarter of 2015, compared to net income of $146 million, in the first quarter of 2014. Revenues in the first quarter of 2015 were $620 million, compared to revenues
Bergen Group has terminated the agreement on the sale of the properties and the rig service activity at Hanøytangen. To remind, the company decided in April to divest its rig-service activity at Hanøytangen for a total transaction price of NOK 245 million ($32.2 million). According to Bergen Group,
Lamprell, a provider of engineering and contracting services, has announced the completion of construction on the jack-up drilling rig, the “Butinah”, and delivery to Abu Dhabi’s National Drilling Company (NDC). This comes following an announcement last week where NDC exercised one of its existing o
Cameron has announced the introduction of its new LETOURNEAU Jaguar Class self-elevating mobile offshore drilling unit design. According to the company, utilizing the LETOURNEAU 1000-kip elevating unit and the LETOURNEAU STORM LOK leg fixation system, the Jaguar is capable of operating in water dept
