Russia’s largest privately-held oil company Lukoil and Gazprom Neft have conducted a joint exercise “Arctic-2017” to simulate oil spill response in ice conditions in the Arkhangelsk region. Lukoil said on Tuesday that the exercise took place in the Barents Sea, near the Varandey fixed offloading ter
Aberdeen-based Rigmar Services has been awarded a contract by Maersk Drilling to support its operations in the UK sector of the North Sea. Rigmar said on Wednesday that the new contract with Maersk would be managed from the company’s offices in Aberdeen. The value of the contract was not disclosed.
Following a bankruptcy protection filing by the offshore driller Ocean Rig, VesselsValue (VV) has provided its valuation of the driller’s rig fleet. According to VV, the driller’s fleet value took a massive hit the last twelve months, dropping some 40 percent. In order to deal with insolvency cases
Offshore driller Ocean Rig has filed for Chapter 15 bankruptcy protection in a United States court amid a prolonged downturn in the offshore drilling market. The purpose of Chapter 15 is to provide effective mechanisms for dealing with insolvency cases involving debtors, assets, claimants, and other
The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway a drilling permit for an appraisal well offshore Norway. According to the NPD’s report on Tuesday, the well 7220/11-4 will be drilled from the Leiv Eiriksson semi-submersible drilling rig. The drilling program for the well 7220/11-4
Repsol Sinopec Resources UK Limited, formerly Talisman Sinopec Energy UK Limited, has exercised a further four weeks of options for the Prosafe-owned flotel Safe Boreas. Prosafe said on Tuesday that the Safe Boreas will continue operations for Repsol Sinopec at Montrose A in the UK sector of the Nor
Offshore driller Maersk Drilling has been awarded a contract for the harsh environment jack-up rig Maersk Gallant by Nexen Petroleum U.K., a wholly owned subsidiary of CNOOC Limited. The driller said on Monday that the contract covers the drilling of the High-pressure, High-temperature (HPHT) explor
Offshore drilling contractor Noble Corporation and General Electric (GE) have entered into a partnership to work on an advanced data analytics system for offshore drilling rigs known as Digital Rig (SM). Noble said on Monday that the Digital Rig solution aims to improve the operational productivity
Trøim and Fredriksen go all in on rig purchases while droves of investors look to jump on for the ride. If the market continues its recovery, they’ll do well. By David Carter Shinn Since last week, there have been two offshore rig transactions involving 17 rigs. Some of the details are still not pub
The Maersk Invincible, one of the world’s largest jack-up drilling rigs, has reached Norway after a long journey from South Korea, where it was built. The piece of information on the rig’s arrival to Norway was shared by its owner Maersk Drilling through social media on Wednesday. “Maersk Invincible
Offshore drilling contractor Noble Corporation has been awarded a contract for a jack-up rig in Australia. In its latest fleet status report on Thursday, the driller said that the 2014-built jack-up drilling rig Noble Tom Prosser has been awarded a contract with PTTEP offshore Australia. The contrac
Oil company Statoil has received consent from the Petroleum Safety Authority (PSA) to drill an exploration well in the Barents Sea, off Norway, with the Songa Enabler drilling rig. According to the PSA’s statement on Thursday, the company has received consent to drill the exploration well 7121/8-1 i
German oil firm Wintershall has started drilling operations on the Maria field, offshore Norway. According to Wintershall’s social media channels, the Deepsea Stavanger drilling rig has started drilling on the field in the Norwegian Sea and will drill a total of six wells with the beginning of produ
Subsea technology and services provider 4Subsea has been awarded a master service agreement with Statoil and a contract with Odfjell Drilling on Maria field, offshore Norway. The contract with Statoil is to deliver services and research projects related to structural integrity of fixed and floating
