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Asian Rigs News

 

Rystad: Number of Drilled Wells in 2020 to Hit Lowest Point in Two Decades

Jul 15, 2020

The number of drilled oil and gas wells this year is expected to reach about 55,350 this year, the lowest since at least the beginning of the century, Norwegian energy industry intelligence firm Rystad Energy said. The demand for drilling equipment is also down.The expected 55,350 wells in 2020 are a drop of 23% fall from 2019’s number of 71,946 wells.From the 55,350 wells to be drilled in 2020, 2…

KrisEnergy Charters Jack-Up Rig for Apsara Drilling. Platform to Sail Away Soon

Aug 14, 2020

Singapore-based KrisEnergy has signed a letter of award with Vietnam's PV Drilling for PVD III jack-up drilling rig. The 2009-built rig will be used to drill five development wells at KrisEnergy's Apsara Mini-Phase 1A development offshore Cambodia…

Awilco Drilling Posts $4,6M Loss. Eyes Funding Options for Newbuild Rig

Aug 12, 2020

Oslo-listed offshore drilling contractor Awilco Drilling posted a loss of $4,6 million in the second quarter of 2020, on contract revenue of $6,1 million.The offshore drilling company currently has two drilling rigs, of which one rig in operation - the semi-submersible drilling rig WilPhoenix…

BP Charters Solstad Offshore Vessel Trio for Ironbark Drilling Support

Aug 03, 2020

BP has chartered Solstad Offshore's three offshore support vessels to support its Ironbark drilling campaign in Australia.Norway's based offshore vessel owner Solstad Offshore said Monday that BP had awarded contracts for two anchor handling tug and supply vessels Normand Saracen and Far Senator…

Rig-building Impairments Drag Keppel to 1H Loss

Jul 30, 2020

Singaporean conglomerate Keppel Corp reported a loss in the first half of 2020 due to impairments in its offshore and marine business that has been battered by low global oil prices.Keppel posted a net loss of S$537 million ($390 million) for the six months to June…

Analysts: Temasek Might Drop $3B Bid to Acquire Controlling Stake in Keppel

Jul 29, 2020

Temasek Holding's $3 billion bid to acquire a controlling stake in Keppel Corp will be under scrutiny on Thursday as a big quarterly profit drop at the conglomerate could raise the risk of the state investor dropping its proposal, analysts said…

GMS Completes 'First' Well Intervention from Self-Propelled Jack-Up Unit

Jul 28, 2020

Gulf Marine Services, a UAE-based supplier of self-propelled and self-elevating support vessels (SESVs) for the offshore energy industry, has said it has completed its first Well Intervention work scope.The company, which normally provides offshore…

BP Cleared to Drill at Ironbark

Jul 17, 2020

Oil major BP has received regulatory approval for the planned drilling of the Ironbark prospect at the WA-359-P permit offshore Western Australia.BP is acting as the operator of the project - estimated to contain 15tcf of prospective recoverable…

Noble Corp: New Rig Deals in UK, Extensions in Qatar and Suriname, Cancellation in Vietnam

Jul 10, 2020

Offshore drilling company Noble Corp. has secured contracts in the UK North Sea with CNOOC and Total, extensions for rigs in Qatar and Suriname, and a contract cancellation in Vietnam.In the UK, China's CNOOC has awarded a four-month contract for the Noble Sam Hartley jack-up rig…

Over 40 Offshore Rig Deals Dropped Since March. Still, There's Room for Optimism

Jul 08, 2020

After the long, slow downturn that began in late 2014, this year was set to be better with many dormant regions resuming exploration and long-awaited development drilling programs going ahead. Then in mid-March, a double disaster struck as an oil price crash coincided with a global pandemic…

ABS Certifies Jack-Up Rig Steel after Remote Survey

Jul 07, 2020

Classification and consultancy company ABS has provided a remote survey for steel certification at a steel mill, enabling Lamprell to continue work on jack-up drilling rigs, despite COVID-19 restrictions.Lamprell ordered 8855 MT of steel for…

Icon Offshore in Talks to Buy Jack-Up Rig from Perisai

Jul 07, 2020

Malaysian offshore services provider Icon Offshore is looking to buy the Perisai Pacific 101 offshore drilling rig from Perisai Petroleum Teknologi.Icon Offshore said Monday it was in negotiations with Perisai and its subsidiaries in relation…

Fred. Olsen Windcarrier Picks Jack-Up for 1600t Huisman Crane

Jul 03, 2020

Offshore wind turbine installation company Fred. Olsen Windcarrier back in March said it had struck a deal to equip one of its jack-up installation vessels with a 1600t crane for next-gen offshore wind turbines. While the company at the time…

Global Offshore Rig Count in June Falls to 208. Africa Suffers the Biggest Loss

Jul 02, 2020

The global active offshore drilling rig count for June 2020 was lower by 65 units, compared to June 2019, Baker Hughes' monthly rig count report has shown.Latin America was the only region that saw its offshore rig count rise, Europe and North America saw their numbers halved…

Saudi Aramco Suspends Seadrill's AOD II Jack-Up Rig

Jun 30, 2020

Saudi oil giant Saudi Aramco has suspended the contract for the Seadrill co-owned jack-up drilling rig AOD II.The rig has an $89,900 a day contract with Saudi Aramco in Saudi Arabia running until April 2023. The contract was signed in April 2020…

Current News

KrisEnergy Charters Jack-Up Rig for Apsara Drilling. Platform to Sail Away Soon

KrisEnergy Charters Jack-Up Rig for Apsara Drilling. Platform to Sail Away Soon

Malaysia's KNM to Deliver Equipment for SBM Offshore FPSO

Malaysia's KNM to Deliver Equipment for SBM Offshore FPSO

Fugro Charters CSV Southern Ocean for Work in Australia

Fugro Charters CSV Southern Ocean for Work in Australia

Shell to Shut Down Philippine Refinery and Turn It into Import Terminal

Shell to Shut Down Philippine Refinery and Turn It into Import Terminal

AqualisBraemar to Oversee Construction of Offshore Wind Vessels in China

AqualisBraemar to Oversee Construction of Offshore Wind Vessels in China

OPEC Downgrades Oil Demand Forecast

OPEC Downgrades Oil Demand Forecast

Orsted Looking to Farm Down Stake in Borssele 1 & 2 Offshore Wind Project

Orsted Looking to Farm Down Stake in Borssele 1 & 2 Offshore Wind Project

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