Rowan Companies plc, a U.S.-based offshore drilling company, generated net income of $119.6 million in the third quarter 2014, compared to $51.9 million, in the third quarter of 2013. The current quarter includes an income tax benefit which reflects the favorable impact of a US tax settlement, net
Statoil has decided to suspend two rigs due to overcapacity in the rig portfolio. Transocean Spitsbergen and Songa Trym will be suspended through 2014, a period which might be extended. Songa Offshore has reported today that Statoil will suspend Songa Trym contract after the current well at the Oseb
Odfjell Drilling has today taken delivery of Deepsea Aberdeen from Daewoo Shipbuilding & Marine Engineering (DSME) in Korea. “We are pleased to take delivery of Deepsea Aberdeen. The rig is an important contribution to our fleet and operations and we are well prepared to ensure a safe and efficient
Songa Offshore has informed that Statoil will suspend Songa Trym contract after the current well at the Oseberg field in the North Sea. Statoil has recently received consent from the Petroleum Safety Authority (PSA) Norway to use Songa Trym for permanent well plugging on the Oseberg field. The rig i
Karoon Gas Australia has announced the spudding of the Kangaroo-2 appraisal well, offshore Brazil, at 2135 hrs BRST on November 5, 2014. Karoon says that the top of the reservoir section is expected to be penetrated within approximately 3 weeks with the well reaching total depth during December 2014
Singapore’s Sembcorp Marine (Sembmarine) achieved a 2% year-on-year increase in net profit from $130 million to $132 million for the three months ended September 30, 2014 despite a challenging macro environment, the company said. Group turnover for the third quarter of 2014 grew 3% year-on-year to $
Pacific Drilling S.A., an offshore drilling contractor, reported net income for third-quarter 2014 of $48.1 million compared to net income of $30.3 million in third-quarter 2013. CEO Chris Beckett said, “Despite challenging market conditions, Pacific Drilling continues to execute on our plan to expa
From 16 to 18 September 2014, the Petroleum Safety Authority (PSA) Norway carried out an audit of work by OSM Offshore (OSM) to identify and follow up groups at particular risk and emergency preparedness on board the Haven jack-up accommodation vessel. The PSA says that groups at particular risk hav
From 11 to 24 September 2014, the Petroleum Safety Authoority (PSA) Norway carried out an audit of Statoil focused on the company’s management of emergency preparedness on the Snorre B platform located in the Norwegian North Sea. The PSA says that the objective of the audit was to gain an overview o
Shell has received consent from the Petroleum Safety Authority (PSA) Norway to use Transocean Barents to drill a production well at Ormen Lange, in the Norwegian Sea. Ormen Lange is a gas field located in the southern part of the Norwegian Sea. Norske Shell AS (Shell) is the operator of the field, w
Mubadala Petroleum, Operator of the Manora Oil Development joint venture, has informed that drilling of the MNA-07 and MNA-08 development wells, in the Gulf of Thailand, has now started and the MNA-05 well has been completed. Platform commissioning at Manora is well underway with hook up and commiss
As a partner in the WA-424-P Joint Venture, IPB Petroleum says it has been informed that the Stena Clyde drilling rig departed the Puffin field location this morning (November 4) and that the rig is currently under tow to the Pryderi-1 location in WA-424-P, offshore Western Australia. After two dela
Rosenberg WorleyParsons has been awarded an engineering, procurement, construction and installation (EPCI) contract for ConocoPhillips’ capacity increase project on the Ekofisk Complex in the Norwegian part of the North Sea. Contract value is estimated to 167 million AUD ($145.8 million). The compan
Nearly five years after the Deepwater Horizon explosion led to the release of roughly 200 million gallons of oil into the Gulf of Mexico, scientists are still working to answer the question: Where did all the oil go? During the 2010 crisis, some of the oil gushing from the seafloor appeared as slick
