Awilco Drilling, a UK-based drilling contractor, has informed that Hess Limited has allowed its option on WilHunter rig to lapse. In March 2013, Hess extended the contract of 400 days to additional 550 days totalling in 950 days plus option for up to 275 days. According to this, the WilHunter is on
Total E&P Norge AS (TEPN) has received consent from the Petroleum Safety Authority (PSA) Norway for exploration drilling of wells 25/6-5 S and 25/6-5 A, located in the North Sea. TEPN is the operator for production licence 627 in block 25/6 in the central North Sea. TEPN is to drill wells 25/6-5 S a
Odfjell Drilling has said that it expects the drilling industry market to stay weak for the next couple of years. As a reason for this, the company has cited continued delivery of new drilling rigs and oil companies’ cuts in spending, leading to a growing number of stacked drilling rigs and continue
As of February, the global jack-up drilling rigs orderbook for 2015 had 67 rigs slated for delivery. Three jack-up rigs have been delivered so far, according to Clarksons, a provider of data and market intelligence for the global shipping and offshore oil and gas industries. This total is more than
Diamond Offshore, a Houston-based drilling contractor, might lose several rig contracts, as its customers are looking to cut costs in a depressed market stemming from low oil prices. In a SEC filing issued yesterday, the company has said that there is a chance that the contracts for its Ocean Barone
Statoil has received consent from the Petroleum Safety Authority (PSA) Norway to carry out exploration drilling of well 15/6-13 in the North Sea. Statoil is the operator for production licences 029B and 303 in block 15/6 in the central North Sea. According to the PSA, Statoil is to drill well 15/6-1
Odfjell Drilling has been awarded the drilling engineering sub-contract for the Johan Sverdrup drilling platform topside. Odfjell Drilling will be one of Aibel’s major sub-contractors for their engineering, procurement and construction (EPC) contract for the Drilling Platform Topside for Johan Sverd
Dragados Offshore México, S.A. has recently awarded IKM Testing Mexico, S. de RL de CV with two contracts. The first contract is for torquing services plus pneumatic and hydraulic testing and the other one is for chemical cleanings. The works will be carried out on the CB and CA Litoral A Platform i
Jumbo has completed the subsea installation of the replacement MEG riser for the Ikhwezi Project at the existing FA Platform, offshore South Africa. PetroSA awarded this fast track execution contract on December 5, 2014. According to Jumbo, with less than a month of engineering and preparation time,
UK subsea engineering firm FES International, a provider of fluid transfer systems, has won a $2 million contract to supply Bend Stiffener Connectors (BSCs) to oil and gas contractor Saipem. The BSCs will be used by Total, at its third deep offshore development off the coast of Nigeria, the Egina fi
Oil and Gas UK, an industry body representing offshore oil and gas companies in the UK, has revealed that exploration activity in the UK last year dropped to its lowest levels since 1965. Exploration activity deteriorated more than expected in 2014, with only 14 of the expected 25 wells actually dri
Today Statoil, on behalf of the Johan Sverdrup partnership, will sign a contract with Aibel for the construction of the deck for the drilling platform on the field. The contract is worth in excess of NOK 8 billion (USD 1.05 billion). The contract includes engineering work, procurement and constructi
Swedish oil company Lundin Petroleum will farm out a 30 percent interest in production licence PL338C, offshore Norway, to Hibiscus Petroleum’s jointly-controlled entity Lime Norway. The production licence contains the Gemini prospect which is currently being drilled with the Island Innovator rig. T
Wood Group Mustang Norway (WGMN), together with Statoil, has completed hook-up of the Valemon platform in the North Sea on schedule. Valemon, located on the Norwegian continental shelf (NCS), is the second Statoil-operated platform to be put into production in the last nine months. WGMN teamed with
