Hansa Hydrocarbons and Oranje-Nassau Energie B.V. (ONE) have encountered what they say is a significant gas discovery in the North Sea. Hansa Hydrocarbons informed on Tuesday, September 26 that the N05-1 exploration well drilled offshore Netherlands on its GEms licences, had been confirmed as a sign
Lundin Norway has completed drilling of exploration well 7220/6-3 on the Børselv prospect in PL609 on the Loppa High in the southern Barents Sea. The well was dry. The well was drilled approx. 20 kilometers north of the oil and gas discovery 7220/6-2 R (Neiden), 30 kilometers northeast of Johan Cast
The Norwegian Petroleum Directorate (NPD) has granted Bayerngas Norge a drilling permit for a wildcat well offshore Norway. The well 35/9-13 will be drilled from the Songa Enabler Cat D drilling rig, after completing the drilling of wildcat well 7317/9-1 for Statoil in production license 718, the No
Norwegian offshore safety body, the Petroleum Safety Authority (PSA), has given Aker BP a consent to use the Songa Enabler rig for well intervention on three wells on the Skarv field offshore Norway. The wells, designated 6507/5-A-3, 6507/5-B-6, and 6507/5-B-8, are located on Skarv field in the Norw
Eni Norge has hit dust in the Goliat Eye wildcat well (7122/10-1 S) in the Barents Sea, offshore Norway. The Norwegian Petroleum Directorate said on Wednesday that the primary exploration target for the well was proving petroleum in Middle Triassic reservoir rocks (Kobbe formation). To remind, the P
Aquamarine Subsea Solutions has been awarded a contract to upgrade Diamond Offshore’s Ocean Valiant semi-submersible drilling rig currently operating in the North Sea. Aquamarine said that the company would upgrade the 18 3/4” subsea stack. The company will also supply engineering design, fabricatio
After having arranged the sales of Maersk Oil and Maersk Tankers, Danish conglomerate Maersk is now looking to offload its offshore drilling division, Maersk Drilling. According to a Bloomberg report on Monday, Rowan Companies, a U.S. based offshore driller and the owner of 29 offshore drilling unit
Offshore driller Transocean is set to retire six of its ultra-deepwater floating rigs. The rigs in question are GSF Jack Ryan, Sedco Energy, Sedco Express, Cajun Express, and Deepwater Pathfinder, and the deepwater floater Transocean Marianas. The rigs will be classified as held for sale and will be
By: David Carter Shinn Rig owners’ aversion to consolidation creates a barrier which slows progress toward efficiency. Competition is vital to a well-functioning market. As we’ve seen throughout history, when there are too few players, prices rise and freedom of selection decreases. When there are t
South Korea’s Daewoo Shipbuilding and Marine Engineering, DSME, is set to appeal against an arbitration tribunal ruling from July in a rig dispute with offshore driller Songa Offshore. DSME, which built four Cat D semi-submersible drilling rigs for Songa Offshore, in 2015 launched arbitration procee
Offshore drilling contractor Awilco Drilling has received a letter of award from UK oil firm Alpha Petroleum Resources for one of its two semi-submersible drilling rigs – the WillPhoenix. Awilco said on Thursday that the UK oil company plans to drill 18 development wells on the Cheviot Field in the
The Norwegian offshore safety body, Petroleum Safety Authority Norway, has given a nod to Wintershall to drill an exploration well in the Norwegian Sea. In a statement on Tuesday, the PSA said Wintershall would drill the exploration well 6604/5 in a prospect named Balderbrå. Wintershall Norge AS, a
Call them speculative, but the drilling companies and investors buying offshore rigs at today’s values could be dominating the industry soon.
Norwegian offshore driller Odfjell Drilling has chosen the Averøy Industripark AS industrial area to place its Deepsea Bergen rig into, ahead of the next assignment. According to a statement by Averoy, the rig is expected in the yard on Monday where it will be warm-stacked and maintained for its nex
