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Asian Rigs News

 

SE Asia Rig Market Set for Decline. Deepwater Projects at Risk

Mar 31, 2020

Norwegian energy intelligence company Rystad Energy has painted a bleak picture for the drilling rig market outlook in South East Asia but has also said that Malaysia's Petronas will have a large role in where the market goes. Further, the intelligence firm has pointed to a unique SE Asia NOCs relationships with local drilling firms.Citing the cuts in budgets made by oil companies on the back of the…

Abu Dhabi's Gulf Marine Services Reaches Debt Restructuring Deal

Mar 31, 2020

Abu Dhabi-based Gulf Marine Services (GMS) said on Tuesday it had reached an agreement with its syndicate of banks to restructure its debt that will help it weather the coronavirus crisis.London-listed GMS provides support vessels for offshore oil and gas and other energy installations…

ABS to Class Silver Eagle's New Jack-Ups

Mar 31, 2020

ABS, a classification services provider to the marine and offshore industries, will provide classification for a series of 'highly innovative Self-Elevating Drilling Units (SEDU)' for Silver Eagle Global.Silver Eagle, of Manama, Bahrain, says…

KS Drilling Slapped with $24M Claim, Contract Termination after Rig Incident

Mar 27, 2020

Singapore-based drilling contractor KS Drilling has seen its offshore rig contract cancelled, and has been slapped by a $23,5 million claim after its drilling rig in February was involved in an incident offshore Indonesia.The Java Star jack…

IMI Wraps ARO Drilling Jack-Up Overhaul

Mar 26, 2020

International Maritime Industries (IMI) has completed the Maintenance, Repair & Overhaul contract on ARO Drilling's ARO-2003 (SAR201) jack-up rig in Saudi Arabia.IMI, a joint venture between Saudi Aramco, Lamprell, Bahri and Hyundai Heavy Industries…

Offshore Rig Worker in Australia Tests Positive for COVID-19

Mar 25, 2020

An offshore drilling rig worker, employed on a Maersk Drilling rig in Australia, tested positive to coronavirus after going to overseas home, oil and gas company Inpex has informed.'On 22 March we became aware that a person who recently worked…

Offshore Drilling: It’s Going to Get Worse Before It Gets Better

Mar 23, 2020

With the oil price crash and COVID-19, the near-term outlook for the offshore rig market is on a lot of minds. RigLogix has contacted a number of rig owners and operators and the consensus seems to be that it’s going to get worse before it gets better…

Shelf Drilling's Jack-Up Rig Contract Cut Short

Mar 19, 2020

Jack-up rig contractor Shelf Drilling has informed that the contract for its jack-up rig Shelf Drilling Tenacious would be cut short.The company on Thursday said it had entered into a mutual agreement with the customer to amend the contract…

270 Offshore Rigs Were Active in February Worldwide

Mar 06, 2020

There were 270 offshore drilling rigs in the world actively drilling for oil and gas in February 2020, a slight increase compared to January 2020 (at 268), but also a slight dip versus February 2019 (at 272). This is according to Baker Hughes' February rig counts…

ARO Drilling Equips 16 Rigs with IFS Applications

Mar 04, 2020

Offshore drilling contractor ARO Drilling has deployed IFS Applications on 16 of its offshore drilling rigs. IFS, a software solutions company, said in a statement its applications helped ARO „to unify mission-critical business processes across…

PaxOcean to Build Jack-up for Japanese Firm

Mar 03, 2020

PaxOcean, Singapore-based builder focused on offshore rigs, semi-submersibles and specialized offshore vessels, has signed a contract with Japanese general contractor Penta-Ocean Construction to construct a self-elevating platform (SEP) for use in the offshore wind sector in Japan…

Borr Drilling: Demand for Jack-Ups to Grow. 2019 Was a Record Year

Feb 28, 2020

Jack-up drilling contractor Borr Drilling's Chairman has said that 2019 was a record year when it comes to jack-up rig contract years awarded and that demand is high for modern jack-ups.In a statement Friday, the Chairman of the Board, Paal…

Shell's Jack-Up Rig of the Year Award Goes to Maersk Convincer

Feb 28, 2020

Shell has chosen Maersk Convincer as Jack-up Rig of the Year 2019, recognizing the rig’s successful operation offshore Brunei, Maersk Drilling, the owner of the rig said Friday.Maersk Convincer arrived in Brunei In September 2017 to continue operations for Brunei Shell Petroleum…

Lebanon Set to Spud Its First Offshore Well

Feb 26, 2020

Lebanon's much-delayed search for offshore oil and gas is set to begin on Thursday with the results from its first exploratory well expected in the next two months, the chairman of the Lebanese Petroleum Administration (LPA) said on Wednesday…

Siemens Wins Order to Modernize M. East Jack-Up Rig

Feb 20, 2020

Arabian Drilling Company has tapped the German industrial giant Siemens to modernize a complete and integrated drilling-drives lineup, including auxiliaries and controls, that will be installed on an offshore jack-up drilling rig for a customer in the Middle East…

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