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…
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…
North Oil Company, a JV between Qatar Petroleum and Total, has awarded contract extensions for two jack-up rigs owned by Japan Drilling Company.JDC said Monday that the extensions - one year for each rig - have been secured for jack-up drilling…
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…
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 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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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