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Exploration & Production

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Fossil EnergyBusiness & Finance
Impairments drag Maersk Drilling to the red
Exploration & Production

Impairments drag Maersk Drilling to the red

Danish offshore driller Maersk Drilling booked a loss for the third quarter 2017 compared to a profit in the prior-year period due to impairments.

about 9 years ago
Lundin picks up drilling permit for Barents Sea wildcat
Exploration & Production

Lundin picks up drilling permit for Barents Sea wildcat

The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway a drilling permit for wellbore 7219/12-3 S offshore Norway.

about 9 years ago
Prosafe sinks to loss over impairment charges
Exploration & Production

Prosafe sinks to loss over impairment charges

Prosafe sank to a loss during the third quarter 2017 due to impairments.

about 9 years ago
Transocean posts $1.4B loss in 3Q on fleet impairment
Exploration & Production

Transocean posts $1.4B loss in 3Q on fleet impairment

For comparison, the company for the same period last year reported a net income attributable to controlling interest of $218 million.

about 9 years ago
Nexen hires Maersk Drilling rig for Buzzard campaign
Exploration & Production

Nexen hires Maersk Drilling rig for Buzzard campaign

The drilling campaign is for the Buzzard Phase II Development Project and is planned to start around July 2018.

about 9 years ago
Statoil to drill Gullfaks Sør using Askeladden rig
Exploration & Production

Statoil to drill Gullfaks Sør using Askeladden rig

Norway’s Statoil has received consent from the Petroleum Safety Authority (PSA) to use the Askeladden Cat-J jack-up rig for drilling activities on the Gullfaks Sør field off Norway. To remind, the PSA conducted an audit last week to see how Statoil was ensuring that the Askeladden rig was suitable f

about 9 years ago
Transocean’s new drillship starts ten-year contract with Shell
Exploration & Production

Transocean’s new drillship starts ten-year contract with Shell

Transocean-owned newbuild ultra-deepwater drillship Deepwater Pontus has started operations for Shell in the U.S. Gulf of Mexico. Transocean said in its fleet status report on Thursday that the Deepwater Pontus drillship began its ten-year contract with Shell in late October. The drillship is operat

about 9 years ago
Ensco books quarterly loss as revenues slip on fewer rig days
Exploration & Production

Ensco books quarterly loss as revenues slip on fewer rig days

Offshore drilling contractor Ensco booked a loss in the third quarter of this year, after reporting a profit in the same period last year. The driller’s revenues were impacted by fewer rig days and lower dayrates. The UK-based driller, which recently completed its acquisition of Atwood Oceanics, on

about 9 years ago
All FOE rigs to be out of action soon?
Exploration & Production

All FOE rigs to be out of action soon?

Fred. Olsen Energy’s entire offshore rig fleet will be out of action soon once its last working rig comes off contract next month. The offshore fleet of Fred. Olsen Energy with subsidiaries consists of three ultra-deepwater/deepwater units and four harsh environment mid-water semi-submersible drilli

about 9 years ago
Report: Energean hires Stena Forth drillship
Exploration & Production

Report: Energean hires Stena Forth drillship

Greek oil company Energean Oil & Gas has reportedly hired one of Stena Drilling’s drillships last week on a term deal set to begin in 2018. According to information provided by VesselsValue, Energean hired Stena Drilling’s Stena Forth drillship last Monday on a five-month deal. The contract will beg

about 9 years ago
New gigs pour in for Rowan rigs
Exploration & Production

New gigs pour in for Rowan rigs

Offshore driller Rowan Companies has been awarded several new contracts and extensions for its jack-up rigs while some of its other rigs have recently come off contracts. According to Rowan’s fleet status report on Thursday, the contract for the jack-up rig Rowan Norway with Repsol Sinopec in the UK

about 9 years ago
Semco Maritime prepares Noble jack-up for cold weather, enters winterization pact
Exploration & Production

Semco Maritime prepares Noble jack-up for cold weather, enters winterization pact

Project engineering company Semco Maritime has completed a winterization provisioning on a Noble Corp.-owned jack-up for future deployment to a cold-weather climate. The order follows an exclusive partnership agreement with offshore winterization supplier Advanced Mat Systems (AMS), Semco Maritime s

about 9 years ago
Statoil cleared to use Songa rig for Troll drilling
Exploration & Production

Statoil cleared to use Songa rig for Troll drilling

Oil major Statoil has received consent from the Norwegian safety body, the Petroleum Safety Authority (PSA), to use the Songa Endurance drilling rig for work on the Troll field in the North Sea. The PSA said on Monday that the consent allows Statoil to perform drilling and completion work on the Tro

about 9 years ago
Green light for Statoil to drill North Sea well using Deepsea Atlantic rig
Exploration & Production

Green light for Statoil to drill North Sea well using Deepsea Atlantic rig

Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has given consent to Statoil to use the Deepsea Atlantic drilling rig on a well in the North Sea. The well, designated 30/8-5, is located in a Statoil-operated production license 190 in the North Sea off Norway. The PSA said o

about 9 years ago
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