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SapuraOMV Applies for Survey at Kanga Well Site (Australia)

Jun 10, 2020

Oil and gas company SapuraOMV has filed an application to Australian regulators for permission to carry out a geotechnical and geophysical survey within Permit WA-412-P offshore W. Australia, where it plans to drill the Kanga-1 well.Sapura Upstream farmed into the block in 2018…

Temasek Supports Sembcorp Marine's $1.5B Rights Issue

Jun 09, 2020

Singapore's Temasek Holdings stepped in on Monday to support a S$2.1 billion ($1.5 billion) rights issue by Sembcorp Marine as the state investor moves to help the city-state's struggling rig-building sector.Following the deal, loss-making Sembcorp Marine…

Keppel Rejects Awilco Drilling's Rig Contract Termination. Ponders Legal Action

Jun 09, 2020

Singapore's offshore rig builder Keppel is considering taking legal action against Awilco Drilling after the drilling company on Monday said it had terminated a rig construction contract with Keppel.Awilco Drilling said Monday that its subsidiary…

Awilco Drilling Scraps Semi-Sub Rig Deal with Keppel

Jun 08, 2020

Offshore drilling company Awilco Drilling has terminated an offshore rig construction deal with Keppel, citing a breach of contract.Awilco said Monday that its subsidiary Awilco Rig 1 (AR1) had notified Singapore-based Keppel FELS that it had…

Oil Prices Rise on OPEC+ Cuts. Brent at $42,8

Jun 08, 2020

Oil climbed on Monday after major producers agreed to extend a deal on record output cuts to the end of July and as China's crude imports hit an all-time high in May.Brent crude was up 51 cents, or 1.2%, at $42.81 per barrel, by 0628 GMT, while U…

Halted Shares of Sembcorp Marine, Parent in Focus in Singapore

Jun 05, 2020

Shares in Sembcorp Marine and Sembcorp Industries remained halted for a second day on Friday, prompting speculation among some analysts about a potential deal between the Singapore rig builder and its parent company.'Given the concurrent nature of the trading halts…

Keppel, Borr Drilling Agree on Jack-Up Deliveries Delay

Jun 05, 2020

Offshore drilling company Borr Drilling has reached agreements with Keppel and its creditors to defer newbuild rig deliveries, and to defer certain interest payments, respectively, in a move which Borr says will improve its liquidity.Singapore…

Kawasaki Heavy Orders Corvus' Blue Marlin Energy Storage System

Jun 02, 2020

Japan's Kawasaki Heavy Industries (KHI) has ordered the first commercial unit of a new Corvus Energy high-density lithium-ion capacitor energy storage system (ESS) Blue Marlin.According to Corvus, which plans to market the system to the offshore energy market…

ONGC Moves 33 Offshore Rigs Ahead of Monsoon Season

Jun 01, 2020

ONGC has moved  33 offshore jack-up rigs to new drilling locations ahead of the adverse weather conditions associated with the Indian monsoon season. According to AqualisBraemar, which assisted with ONGC’s rig moves, said the operation was completed…

PSA Norway OKs Neptune's Gjøa Drilling Plans

Jun 01, 2020

Oil and gas company Neptune Energy has been given a regulatory consent to use the Deepsea Yantai drilling rig for production drilling at its Gjøa field, offshore Norway.According to the Petroleum Safety Authority Norway which gave the consent last week the drilling will take 240 days to complete…

2H Offshore Installs Wellhead Platform Offshore Malaysia

May 21, 2020

2H Offshore, an Acteon company, has completed the installation of a lightweight, conductor supported, minimum facility wellhead platform offshore Sarawak, Malaysia.The company was responsible for the concept, detailed design, transportation…

Brent Hits One-month High, U.S. Oil Tops $32 as Lockdowns Ease

May 18, 2020

Oil prices jumped on Monday, with benchmark Brent hitting a one-month high and U.S. crude topping $30, supported by optimism about the reopening of economies and output cuts by major producers. Brent crude was up $2.32, or 7.1%, at $34.82 a barrel by 1344 GMT…

Eni Suspends SSV Catarina Offshore Drilling Rig

May 15, 2020

Italian oil and gas company Eni has suspended works carried out by the SSV Catarina semi-submersible drilling rig offshore Indonesia.This was revealed by Singapore-based KS Energy, which last year won the contract with Eni, as part of a joint venture with Universal Energy Resources…

Prosafe's Whole Fleet May Soon Be Idle

May 14, 2020

Offshore accommodation company Prosafe has seen its fleet utilization rate drop to 32 percent in the first quarter of 2020 - down from 62.5% a year ago - and based on its clients' recent actions caused by low oil prices and the coronavirus pandemic…

Seadrill: West Polaris Drillship Contract Cut Short

May 14, 2020

Offshore drilling firm Seadrill Partners has said it has received a notice of termination for the 2008-built West Polaris drillship contract.'As a result, the contract is expected to conclude in early November 2020, and the backlog is expected to decrease by approximately $23 million…

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ABS Certifies Jack-Up Rig Steel after Remote Survey

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Total Wins Woodmac's 'Most Admired Explorer' Award

Total Wins Woodmac's 'Most Admired Explorer' Award

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