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Asian Rigs News

 

Offshore Drilling: Floaters Set for Another Round of Scrapping?

Oct 26, 2020

Up to a quarter of the active floating drilling rig fleet - drillship and semi-submersibles - could be scrapped, as the demand, which had never recovered from the previous downturn, is now expected to remain under pressure 'until 2022,' Rystad Energy, a Norwegian energy intelligence firm said.'The new downturn that the Covid-19 pandemic has brought upon the oil and gas industry has put many sectors in financial distress…

Pacific Drilling Can't Appeal Samsung Drillship Case Ruling

Oct 23, 2020

Offshore drilling contractor Pacific Drilling can't appeal the ruling under which it was in January ordered to pay $320 million to Samsung Heavy Industry for a 2015 drillship order cancellation.Pacific Drilling had placed the order for the Pacific…

Energy Enticer Jack-Up Rig Starts Drilling in Qatar

Oct 15, 2020

Jack-up drilling contractor Northern Offshore has said that its Energy Enticer jack-up rig has started drilling operation with Qatargas in Qatar.The GustoMSC CJ50 design jack-up rig mobilized to Qatar Petroleum's North Field in early September 2020 despite recent global industry challenges…

BP Gearing Up to Spud Ironbark-1 Well as Ocean Apex Rig Delivered

Oct 12, 2020

Oil major BP has taken over the Ocean Apex semi-submersible drilling rig in preparation for the spud of the Ironbark-1 well offshore W. Australia. Ironbark is estimated to contain 15tcf of prospective recoverable gas resource.The offshore drilling rig…

Icon Offshore Strikes Deal to Buy Perisai Pacific 101 Jack-Up Rig

Oct 02, 2020

Bursa Malaysia-listed offshore vessel provider Icon Offshore has struck a deal to buy the Perisai Pacific 101 jack-up drilling rig.The 2014-built rig, owned by a subsidiary of  Perisai Petroleum Teknologi Bhd (PPTB), is an asset mortgaged to Oversea-Chinese Banking Corporation (OCBC)…

Keppel Starts Review of Struggling Offshore and Marine Business

Sep 29, 2020

Singaporean conglomerate Keppel Corp said on Tuesday it had identified assets worth S$17.5 billion ($12.8 billion) that could potentially be monetized, including through sales, and started a review of its loss-making offshore and marine (O&M) business…

Mermaid Completes Exit from Asia Offshore Drilling

Sep 29, 2020

Thai offshore service provider Mermaid Maritime has completed the previously proposed exit from Asia Offshore Drilling, a joint venture firm with drilling contractor Seadrill.Earlier this month, Mermaid said it would exercise its put option and sell its 33…

Final Approvals Granted for BP's Ironbark Drilling Project in Australia

Sep 22, 2020

Oil major BP has secured final approvals required to start drilling at its Ironbark-1 offshore well in exploration permit WA359-P in W. Australia, around 170 km offshore from Karratha.The Well Operations Management Plan and the Safety Case for…

Seafox Pushes to Oust GMS Directors

Sep 21, 2020

Gulf Marine Services, a provider of jack-up service vessels for the offshore energy industry, has received a letter from Seafox, a rival, and a holder of 29.9% of shares in GMS, seeking removal of four of GMS' directors from the board.To remind…

Mermaid Exits Offshore Drilling Venture with Seadrill

Sep 15, 2020

Thai subsea services company Mermaid Maritime has decided to sell its stake in Asia Offshore Drilling, a drilling joint venture with Seadrill, to limit its exposure to the volatile offshore drilling market.Mermaid, which owns a 33.76% in AOD…

Shelf Drilling Terminates Charters for China Merchants' Jack-up Rig Duo

Sep 14, 2020

Jack-up drilling contractor Shelf Drilling has canceled a charter deal for two jack-up rigs signed back in February 2019 with China's China Merchants.In February 2019, Shelf Drilling signed a deal to buy two CJ-46 jack-ups from China Merchants…

Mitsui Hires JDC's Hakuryu-11 Jack-up Rig to Drill Off Japan

Sep 11, 2020

Japanese offshore drilling company JDC has won a drilling contract with Mitsui Oil Exploration.JDC said that the contract was for the provision of a jack-up drilling rig 'HAKURYU-11.' According to JDC, which operates a fleet of five jack-ups…

ARO Drilling Names New CEO

Sep 04, 2020

ARO Drilling, a Saudi-focused offshore drilling joint venture between Valaris and Saudi Aramco, has appointed new CEO.The offshore drilling company said via social media that Derek Kent was named as its Chief Executive Officer. He succeeds Kelly McHenry…

NOC on Effect: Jackup Rig Demand at the Mercy of National Oil Companies' Playbook

Aug 26, 2020

Over the past four months we have been flooded by news of just how badly the offshore rig market has been hit during the double whammy of the Corona pandemic and oil price fallout. We witnessed what seemed like a never-ending wave of contract…

Beach Energy, Diamond Offshore Settle Dispute over Ocean Onyx Rig Deal. Sign New Contract

Aug 17, 2020

Australian oil company Beach Energy has signed a new contract with drilling company Diamond Offshore for the use of the Ocean Onyx semi-submersible drilling rig.The news comes after Beach in April terminated the previously signed contract for the rig…

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Offshore Drilling: Floaters Set for Another Round of Scrapping?

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