HM MOS International Limited, parent company of Millennium Offshore Services Superholdings LLC, and Seafox Group, parent company of Seafox Contractors and Workfox, will combine to form what they claim is the world’s largest offshore jack-up accommodation service vessels (ASV) and support company. Th
While some drilling contractors are struggling to get work for their offshore drilling rigs, Noble Corporation has announced two contract extensions at increased dayrates. According to the company’s latest fleet status report, Saudi Aramco oil company has extended contracts for Noble’s two jack-up d
Transocean Ltd. has announced that it expects its third quarter 2014 results to include a non-cash charge of $1.97 billion related to the impairment of goodwill. The charge, the offshore drilling contractor has explained, is the result of impairment testing conducted due to the decline in the market
Baker Hughes Incorporated has posted the international rig count for October 2014 on its Investor relations website. The international offshore rig count is up by 10 rigs when compared to last year. The international rig count for October 2014 was 1,308, down 15 from the 1,323 counted in September 2
Fincantieri and Technip in Italy signed a Memorandum of Understanding aiming to increase their joint competitiveness by starting to address Italian and Mediterranean Sea offshore markets. The agreement was signed by Marco Villa, CEO of Technip Italy S.p.A. and Giuseppe Bono, CEO of Fincantieri. This
Statoil Petroleum AS, operator of production licence 230, has completed drilling of wildcat well 7227/10-1, in the Barents Sea. Statoil was granted a drilling permit for well 7227/10-1 from the Norwegian Petroleum Directorate (NPD) in October, 2014. The name of the prospect is “Saturn”. The well was
In the first and second quarters of 2014, the Petroleum Safety Authority (PSA) Norway has carried out an audit of the management of well clean-up and well testing on the Norwegian Continental Shelf. The activity was directed at the management, planning and execution of well clean-up and well testing
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
