The Norwegian Petroleum Directorate (NPD) has granted Repsol Norge a drilling permit for well 6705/7-1, in the Norwegian Sea. The well 6705/7-1 will be drilled by the Transocean Spitsbergen drilling rig after completing the drilling of wildcat well 205/23-3a on the British side for Hurricane. The dr
Gazpromneft Sakhalin, a Gazprom Neft subsidiary, has hired Japan Drilling’s Hakuryu-5 semi-sub rig to drill the first prospecting and appraisal well on the Ayashsky block in the Sea of Okhotsk. Gazpromneft was awarded a license for the exploration, development, and production of hydrocarbons at the
Norway’s offshore safety body, the Petroleum Safety Authority (PSA), has found one improvement point during an audit of Statoil and its works on the Johan Sverdrup-bound Haven accommodation jack-up rig. Haven is a 2011-built, 4-legged self-elevating multi-purpose unit built for the North Sea harsh e
Offshore Energy Today has recently shared several, very informative and interesting articles written by David Carter Shinn, a partner in the offshore rig brokerage firm Bassoe Offshore. We’ve now decided to pick his brains on one of the subjects that matter most to the offshore rig owners – be it th
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Norwegian offshore drilling contractor Fred. Olsen Energy might soon have no rigs working on the Norwegian continental shelf. What is more, the driller might soon have only one rig under contract overall. The company’s fleet consists of nine rigs; three ultra/deepwater units and five mid-water semi-
Repsol Sinopec Resources UK, formerly Talisman Sinopec Energy UK, has exercised a further month of options for the Prosafe-owned accommodation rig Safe Boreas. The operator of the accommodation rigs known as flotels, Prosafe, informed on Tuesday that the firm operational period of the Safe Boreas at
UK-based offshore drilling contractor Awilco Drilling posted a lower profit and revenues for the last quarter of 2016 when compared to the year-before period. The driller posted a net profit of $14.9 million for the fourth quarter 2016 compared to a profit of $66.7 million in the same period of 2015
AGR, a construction and engineering project management service company, has been awarded a contract from Jacktel for maintenance work on the Haven MODU, currently preparing for work on Statoil’s Johan Sverdrup field off Norway. AGR said on Monday that the contract entails management of surface treat
Drilling contractor Noble Corporation posted a bigger loss for the fourth quarter 2016, compared to the year-before period, due to rig impairment charges. For the fourth quarter of 2016, the company on Thursday reported a net loss attributable to Noble Corporation of $1.3 billion, on revenues of $41
Offshore drilling contractor Transocean has decided to scrap two semi-subs and idle two drillships and one semi-submersible drilling rig. The driller has also been awarded several new contracts. In its latest fleet status report on Thursday the driller said that the deepwater semi-submersible M.G. H
Prosafe, an operator of accommodation rigs known as flotels, narrowed its loss during the fourth quarter 2016 and saw an increase in revenues while expecting the market to pick up next year. For the fourth quarter of 2016, the company on Thursday posted a net loss of $32.7 million, which was smaller
The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway a drilling permit for an appraisal well on the Edvard Grieg field, offshore Norway. The well 16/1-27 will be drilled from the Island Innovator semi-submersible drilling rig, in a southwesterly extension of the Edvard Grieg field in
Danish offshore driller Maersk Drilling posted a net loss for the fourth quarter of 2016 “in the middle of the worst downturn in the history of the industry.” According to an annual report for 2016 from the driller’s parent company Maersk Group, despite significant cost optimization initiatives, Mae
