Energy sector’s engineering company, Semco Maritime, has been chosen to upgrade and prepare the West Elara jack-up rig for a new assignment with ConocoPhillips. Following the upgrade, the rig will sail out to undertake a long-term contract in the North Sea for ConocoPhillips, starting up in 2018. We
Danish offshore driller Maersk Drilling has been awarded two contract extensions for its jack-up drilling rigs in the Netherlands and in the UK. In its latest fleet status report published on Monday, Maersk Drilling stated that jack-up Maersk Resolute has been awarded a two-month extension by Petrog
Offshore driller Island Drilling has received a letter of award for a drilling operation with Centrica in Norway. Centrica has awarded the contract on behalf of Production License 433 on the Norwegian Shelf. Island Drilling said on Friday that the operation is for one HTHP appraisal well at the Foge
Norway-based newcomer in the offshore drilling sector, Borr Drilling, has increased its stake in the U.S.-based offshore driller Atwood Oceanics to almost 10 percent as market for modern jack-up rigs shows signs of improvement. Atwood is currently in the process of being acquired by the UK rival Ens
Oil company Lundin Norway has started drilling of exploration well 7220/6-3 on the Børselv prospect in PL609 on the Loppa High in the southern Barents Sea. The well is located on-trend north of the Alta and Neiden oil discoveries, approximately 18 km northwest of the Neiden discovery well. Lundin sa
Norwegian oil company Statoil has proven a small, non-commercial gas volume in the Korpfjell well in the Barents Sea southeast. The company received consent from the Petroleum Safety Authority (PSA) to drill the 7435/12-1 well with the Songa Enabler drilling rig in late June and a drilling permit fr
Offshore drilling contractor COSL Drilling Europe needs about 250 rig workers to staff two of its semi-submersible drilling rigs ahead of new contracts. Back in July, the driller was awarded two new contracts for its drilling rigs. The first one was awarded by Nexen Petroleum for the COSLPioneer dri
Oil company Lundin has received consent from the Petroleum Safety Authority (PSA) to drill two wildcat wells in the Barents Sea with the Ocean Rig-owned Leiv Eiriksson drilling rig. The offshore safety body gave its consent to the oil company’s Norwegian entity, Lundin Norway, to drill two wells des
Lundin Norway has completed the drilling of Alta oil and gas discovery appraisal wells in the Barents Sea. The oil company will now reassess the resource estimate of the discovery based on results from the pair of appraisal wells. The appraisal wells 7220/11-4 and 7220/11-4 A are located in producti
Oil company Aker BP has completed the drilling of wildcat well 25/4-11, targeting the Hyrokkin prospect, located in the North Sea off Norway. The well is dry. The well was drilled in the central part of the North Sea, about 11 kilometers northwest of the Vilje field and 220 kilometers northwest of S
Offshore driller Songa Offshore, soon to be acquired by rival driller Transocean, returned to profit in the second quarter of 2017 despite decrease in revenues due to three stacked rigs. Earlier this month, one of the world’s largest offshore drillers, Transocean, announced its plan to acquire 100 p
Offshore driller Seadrill saw its share prices touch an all time low following the release of the company’s second quarter report. The shares fell below NOK 2,00 on Thursday morning, with some trades made at below 1,79 NOK a share, a giant drop from the 2013 heydays when the share was at an all time
By: David Carter Shinn It may sound too good to be true, but it’s not completely out of the question. With utilization levels at just over 50% for all rig types and over 130 newbuild rigs stranded or under construction, the need for an increase in rig scrapping (recycling) seems obvious. But it’s no
Norwegian oil company Statoil has made a minor gas discovery northeast of the Heidrun field in the Norwegian Sea. According to a Thursday statement by the Norwegian Petroleum Directorate (NPD), Statoil is about to complete the drilling of wildcat well 6507/8-9 located in production license 124 where
