Azinor Catalyst, the Seacrest Capital Group-backed E&P company focused on the UK Continental Shelf, has started drilling an exploration well at the Partridge prospect in the UK sector of the North Sea. Azinor informed that the 14/11a-2 well on the Partridge prospect was spudded at approximately 6.30
Following an announcement that Transocean is buying its rival driller Songa Offshore in a $3.4 billion worth deal, the Norwegian workers union, Industri Energi, said it expects a smooth transition process. Early on Tuesday, the Swiss-based driller Transocean reported its intention to acquire 100 per
Switzerland-based offshore driller Transocean is buying its rival Norwegian-Cypriot offshore driller Songa Offshore in a $3.4 billion worth deal. Transocean has reached an agreement with Songa Offshore to acquire 100 percent of the issued and outstanding shares of Songa Offshore, including shares is
Offshore driller Odfjell Drilling has signed a contract with Aker BP for the 2010-built Deepsea Stavanger semi-submersible drilling rig. The driller informed on Thursday that the contract with Aker BP is for a period of approximately nine months, starting in February 2018 and completing around Octob
Oil services company Archer has been awarded a four-year contract for plug and abandonment (P&A) rig operations by Repsol. According to Archer’s statement on Wednesday, the contract scope includes permanent plugging and abandonment of the wells on the Gyda platform operated by Repsol Norge. The Gyda
Norwegian offshore drilling contractor Borr Drilling, formerly known as Magni Drilling, has resolved to apply for a listing of its shares on the Oslo Stock Exchange (Oslo Børs) in the second half of August 2017. In a statement on Friday, August 4 the driller said the target for the listing is to inc
The international offshore rig count for July 2017 dropped by 22 units year-over-year, Baker Hughes, a GE company, said in its monthly report on Monday. Namely, according to Baker Hughes’ report, the international offshore rig count for July 2017 was 204, up 7 from the 197 counted in June 2017, and
Prosafe, an owner and operator of semi-submersible accommodation rigs known as flotels, will lay up another one of its units, following contract completion with Petrobras. In its operational update for 2Q 2017 on Monday, Prosafe said that its 2005-built flotel Safe Concordia was fully contracted in
Norway’s Statoil has made a small, non-commercial, gas discovery in the Gemini North well, northeast of the Wisting discovery in the Barents Sea. The well also proved oil, Statoil said on Monday. “The well was drilled with the ambition of proving up additional oil resources in the vicinity of the Wi
Offshore watchdog the Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum a drilling permit for a wildcat well in the Barents Sea offshore Norway. The well 7317/9-1 is located in a prospect named Koigen Central. It will be drilled from the Songa Enabler Cat D semi-submersible drillin
Offshore driller Noble Corporation fell to a loss for the second quarter of the year dragged down by a significant reduction in revenues caused by a decline in fleet operating days and slashed dayrates in floating rig fleet. The driller reported a net loss attributable to the company for the second
Debt-laden offshore driller Pacific Drilling is evaluating its options, including Chapter 11 bankruptcy, after bondholders of a $439 million bond rejected the company’s request to extend the maturity date beyond December 1, 2017. The company which this week lost long-serving CEO who left “to pursue
Offshore driller Transocean posted a net loss of $1,69 billion for the second quarter of 2017, compared to a net income of $82 million in the second quarter of 2016, dragged down by jack-up fleet impairment. Revenues were $751 million, down from $940 million a year ago. Second quarter 2017 results i
The Norwegian Petroleum Directorate (NPD) has granted OMV a drilling permit for an appraisal well on the Wisting discovery in the Barents Sea, offshore Norway. The well 7324/8-3 will be drilled from the Island Innovator semi-submersible drilling rig for the use of which the oil company gained consen
