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Jack-up Rig Utilization, Pricing to Hit Pre-pandemic Levels in 2022, Shelf Drilling CEO Says

May 13, 2022

Tendering activity for jack-up drilling rigs continues to improve, especially in the past two months, with global utilization expected to hit pre-pandemic levels in 2022.This is according to David Mullen, CEO of shallow-water oil and gas drilling rig contractor Shelf Drilling…

Saudi Aramco to Keep Shelf Drilling's Jack-up Busy Until May 2025

Apr 27, 2022

Jack-up drilling rig specialist Shelf Drilling has secured a three-year contract extension for the High Island V jack-up rig with Saudi Aramco.The contract for the rig of the Marathon LeTourneau 82-SD-C design will start in direct continuation of its current contract in the Arabian Gulf…

Excellent Progress Made with Jade Well Drilling, Empyrean Says

Apr 19, 2022

Empyrean, an oil and gas company that recently started drilling at its Jade prospect offshore China, said Tuesday that the NH9 semi-submersible drilling rig was making excellent progress at the well.The company said that the rig had drilled…

Western Gas Sasanof-1 Drilling: Rig Move Date Confirmed

Apr 06, 2022

Australian oil and gas company Western Gas, the owner of the high-impact Sasanof-1 prospect off W. Australia, expects the Valaris MS-1 offshore drilling rig to move to the well site in May.'Western Gas is pleased to advise that the Valaris MS…

Empyrean Energy Reveals Expected Spud Date for 'World-class' Jade Prospect Offshore China

Mar 25, 2022

Oil and gas company Empyrean Energy said Friday it would take over the China Oilfield Services Limited ('COSL') owned NH9 semi-submersible drilling rig for the drilling of the Jade well, within the next few days for safety checks. Empyrean has…

Empyrean Gets Rig Slot on NH9 Semi-sub to Drill 'World-class' Jade Prospect

Mar 14, 2022

Empyrean said Friday it had secured a rig slot for the use of the COSL NH9 semi-submersible drilling for the drilling of Empyrean's Jade offshore well offshore China. Empyrean has described the Jade prospect  as 'one of the most exciting wells to be drilled globally in 2022…

Petronas Carigali Awards Offshore Drilling Contract to Velesto

Mar 11, 2022

Malaysian oil and gas company Petronas Carigali, a subsidiary of Petronas, has awarded a two-year contract to Velesto Energy's subsidiary Velesto Drilling for the provision of jack-up drilling rigs.The contract, which covers a suite of Velesto's NAGA jack-up rigs…

Cyclone Threat: Santos Removing Workers from Noble Tom Prosser Rig

Feb 28, 2022

Australian oil and gas company Santos is downmanning the Noble Tom Prosser rig, used for Pavo-1 well drilling off W. Australia, due to a cyclone threat, Carnarvon Energy, Santos partner in the project said  The well is being secured and the…

ConocoPhillips Hires Icon Caren Jack-up Rig for Sarawak Drilling

Feb 14, 2022

U.S. oil and gas company ConocoPhillips has awarded a jack-up drilling rig contract to Malaysia's Icon Offshore for its Sarawak 2022 drilling campaign.The contract is for the Icon Caren jack-up drilling rig, previously known as Perisai Pacific 101…

Aquaterra Energy Assists with BW Energy's Jack-Up Rig Conversion

Nov 10, 2021

Offshore energy industry engineering firm Aquaterra Energy has won a $4.4 million contract with BW Energy for delivery of multiple conductors tensioning units for the repurposing of the Hibiscus Alpha jack-up rig to an offshore installation (OI)…

Dolphin Drilling Secures Marketing Rights for Keppel's 7th Gen. Semi-sub Rigs

Oct 28, 2021

In a deal with Singapore's offshore rig builder Keppel Fels, offshore drilling contractor Dolphin Drilling said it has secured the marketing rights for the KFELS Moss Maritime CS60 ECO MW semi-submersible drilling rigs.While the drilling company did not explicitly say it…

Safety Milestone for Japan Drilling Company's Jack-up Rig

Sep 20, 2021

Offshore drilling firm Japan Drilling Company said last week that its jack-up drilling rig Hakuryu-11 had reached a safety milestone.Namely, the rig has managed to achieve a three-year milestone of No Recordable Incident Record - for the September 14…

Borr Drilling Secures More Work for Jack-up Rig in Malaysia

Aug 11, 2021

Oslo-listed drilling firm Borr Drilling has secured a Letter of Award for its jack-up drilling rig 'Gunnlod' from an undisclosed operator in Malaysia. The drilling campaign is expected to start in the fourth quarter of 2021 in direct continuation…

Market Report: 'Transformation' on the Horizon in the Offshore Rig Market

Aug 02, 2021

The offshore drilling rig market is showing remarkable signs of recovery despite having faced severe headwinds of late. Throw the “green” rig revolution and further consolidation into the mix, and the next few years could be a period of real transformation for the industry…

Woodside Hires Valaris Offshore Rig for 16 Wells

Jul 12, 2021

Valaris, a company leasing offshore drilling rigs to oil and gas companies, has secured a 16-well contract for one of its semi-submersible drilling rigs.The drilling firm said Monday that the Australian oil and gas firm Woodside had hired the Valaris DPS-1 semi-submersible drilling unit…

Current News

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Indonesia's Medco Starts Production at Natuna Sea Fields

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Indonesia Grants Approval to Kuwaiti Firm for Anambas Block in Natuna Sea

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ADNOC’s XRG Partners Up with Petronas for Offshore Gas Block in Caspian Sea

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Valeura Energy Greenlights Wassana Oil Field Redevelopment off Thailand

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Scarborough FPU's Topsides and Hull Come Together in Major Engineering Feat (Video)

Shell-Reliance-ONGC JV Complete India’s First Offshore Decom Project

Shell-Reliance-ONGC JV Complete India’s First Offshore Decom Project

The Future of Long-Idle Drillships: Cold-Stacked or Dead-Stacked?

The Future of Long-Idle Drillships: Cold-Stacked or Dead-Stacked?

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