In a sign that national oil companies aren’t giving up their nation-building efforts anytime soon, the near-shore, jack-up rig market is experiencing a swell of business that’s lifting fortunes and impressing seasoned rig hands.The global number…
Borr Drilling, one of the youngest drilling companies in the offshore industry, has secured offshore drilling contracts with oil company Petroleos Mexicanos (Pemex), which will see two new build jack-ups deployed in Mexico.Jack-up rig contractor…
With the newly developed J102 heavy lift jack-up design, Ulstein says it presents its answer to the offshore wind industry’s need for fit-for-purpose, cost efficient yet future proof wind turbine installation vessels. The new design is part of Ulstein’s X-JACK series of heavy lift jack-up designs…
Offshore driller Ensco Plc said on Monday it plans to buy smaller rival Rowan Cos Plc in an all-stock deal valued at $2.38 billion, as it looks to expand its fleet and benefit from a partnership with Saudi Aramco.This is Ensco's second deal…
Norwegian contractor Borr Drilling has made the decision to activate speculatively four more newbuild jack-ups as it sees rising demand for such high-specification units.'This decision is made on the back of Borr’s previously announced success…
Rowan Companies retired two of its 32 offshore drilling rigs from service — the Rowan Alaska and Rowan Juneau — effective as of 1 July 2015. The company entered into contracts for sale of the rigs with an expected closing by the end of the month…
BP Norway has extended its contract for the jack-up Maersk Reacher by two years, from September 2014 to September 2016. BP Norway holds options to further extend the contract by up to additional four years, taking it out to September 2020…
Hamilton, Bermuda-based Seadrill Ltd. has entered into contracts to build two high-specification, jackup drilling rigs at Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore) in China. The rigs are scheduled for delivery during Q2 and Q3 2016…
Sembcorp Marine’s PPL Shipyard has won two orders for turnkey contracts worth a total US$417million from Mexico's Integradora de Servicios Petroleros Oro Negro. The orders are for the construction of two jack-up rigs, scheduled for delivery at end July 2015 and end of third quarter 2015…
Seadrill Ltd signed new contracts for the construction of two high specification jackup drilling rigs at Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore) in China. The newbuild rigs are scheduled for delivery during 4Q 2015 and 1Q 2016…
The IADC (International Association of Drilling Contractors) North Sea Chapter recognised the very best in safety performance at its annual Safety Awards Ceremony held in Aberdeen recently. “The Safety Awards Dinner is our opportunity…
Jacking gears are by definition the most characteristic systems of self-elevating units and jack-ups. However, this gear remains often neglected on board, with a high potential for dire consequences.Damaged jacking gear (Image: WillTeco)In order to achieve higher availability…
Seadrill has exercised fixed price options for the construction of two high specification jack-up drilling rigs at Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore) in China. The rigs are scheduled for delivery during the third and fourth quarter of 2015…
Newbuilds are slated to cost US$230 million F&G JU2000E design (Image: Friede & Goldman)Seadrill has entered into an agreement for the construction of two high specification jack-up drilling rigs with Dalian Shipbuilding Industry Offshore Inc…
Four Friede & Goldman L-780-Mod II jack-ups were sold to Shelf Drilling by TransoceanShelf closes $1.05 B jack-up rigs acquisitionTransocean has completed the sale of 38 shallow water rigs to newcomer Shelf Drilling for $1.05 billion, the company announced on 30 November 2012…
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