Prosafe, an Oslo-listed owner of accommodation rigs also known as flotels, sank to a loss during the second quarter of 2017 as its revenues nearly halved due to lower utilization and chopped dayrates. In its report on Wednesday, Prosafe posted a net loss for the second quarter 2017 of $33 million co
OMV Petrom has started drilling operations in the Black Sea, offshore Romania, using GSP’s Uranus jack-up drilling rig. The news was shared by GSP who said the rig move had begun on August 19th, 17:00, with the jack-up reaching the work location the following day. The rig moving and positioning oper
Norway’s offshore safety agency, the Petroleum Safety Authority (PSA), has given Eni Norge a consent to drill an exploration well in the Barents Sea using the Scarabeo 8 drilling rig. According to the PSA’s statement on Wednesday, the Norwegian entity of Italian oil major Eni, Eni Norge, applied for
The Norwegian Petroleum Directorate (NPD) has granted Aker BP drilling permits for two wells in the North Sea, offshore Norway. NPD said that the wells 25/2-19 S and 25/2-19 A would be drilled using the Maersk Interceptor drilling rig in the North Sea production license 442. The drilling program for
The Norwegian Petroleum Directorate (NPD) has granted Wellesley Petroleum a drilling permit for a wildcat well in the North Sea, offshore Norway. The well 33/9-12 S will be drilled from the Deepsea Bergen semi-submersible drilling rig. The Norwegian oil and gas explorer awarded a contract to the Odf
Norwegian authorities have stopped a protest by Greenpeace against Statoil’s drilling activities in the Barents Sea offshore Norway, seizing the organization’s ship and arresting 35 activists and crew on board. Greenpeace activists on Thursday entered a 500-meter safety exclusion zone of Statoil’s d
Activists from the Greenpeace ship Arctic Sunrise have entered the exclusion zone of Statoil’s drilling rig Songa Enabler in the Barents Sea with kayaks and inflatable boats, while swimmers are in the waters protesting with hand banners. According to the environmental organization’s statement on Thu
UK-based offshore drilling contractor Awilco Drilling has recorded increased profit and revenues in the second quarter of 2017 when compared to the same period last year. Awilco’s said in its financial report that the net profit for the quarter was $15.1 million, compared to $6.9 million in the corr
Norwegian oil company Statoil has received consent from the Petroleum Safety Authority (PSA) to drill an exploration well on the Gina Krog field in the North Sea with the Maersk Integrator jack-up rig. Gina Krog is an oil and gas field located 250 kilometers west of Stavanger and 30 kilometers north
Norwegian oil company Statoil has received a consent to use the West Elara drilling rig for drilling and completing on the Valemon field, offshore Norway. According to the Petroleum Safety Authority that has given the consent, Statoil will use the West Elara jack-up drilling rig to drill and complet
Indebted offshore driller Seadrill Limited has made changes to its credit facilities to insulate Seadrill Partners, a limited liability company formed by Seadrill Limited to own drilling rigs, from its restructuring. Seadrill Limited informed on Thursday it has completed amendments to three secured
Danish offshore driller Maersk Drilling has been awarded a contract by Shell for the deepwater semi-submersible rig Maersk Developer and extensions for rig contracts by two other clients. The contract with Shell covers the drilling and completion of three wells, and the suspension of one well, all l
Danish offshore driller Maersk Drilling does not expect to see financial improvements from an increase in offshore rig demand until the market reaches a stable oil price above $60 per barrel or until industry cost levels adjust further to a lower oil price. The current oil price remains below levels
Danish offshore driller Maersk Drilling saw a significant decrease in profit and revenues during the second quarter 2017 impacted by ten idle rigs in the period. Maersk Drilling’s profit for the second quarter 2017 tumbled to $28 million from $164 million in the prior-year second quarter. According
