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Exploration & Production

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Fossil EnergyBusiness & Finance
Det norske gains go-ahead for North Sea appraisal well
Exploration & Production

Det norske gains go-ahead for North Sea appraisal well

The Norwegian Petroleum Directorate (NPD) has granted Det norske oljeselskap a drilling permit for the appraisal well 25/2-18 A, offshore Norway. The well 25/2-18 A will be drilled from the Maersk Drilling’s jack-up drilling rig Maersk Interceptor in production license 442, located in the North Sea

about 10 years ago
Transocean Winner rig preparing for ‘dry cargo’ move to Turkey
Exploration & Production

Transocean Winner rig preparing for ‘dry cargo’ move to Turkey

Transocean Winner, the semi-submersible drilling rig that had run aground on a beach in Scotland back in August, has yet to leave the British Isles. To remind, the rig was towed away last week from the grounding spot in Dalmore Bay, and was moved to Broad Bay, where it is currently located waiting t

about 10 years ago
Statoil gets green light for Floatel Endurance rig on Gina Krog field
Exploration & Production

Statoil gets green light for Floatel Endurance rig on Gina Krog field

Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has given Statoil consent to use the semi-submersible accommodation and construction support rig , Floatel Endurance, on the Gina Krog field in the North Sea, offshore Norway. Offshore Energy Today reported on Tuesday that the

about 10 years ago
Lundin gets go-ahead for Neiden drilling
Exploration & Production

Lundin gets go-ahead for Neiden drilling

Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has given Lundin Norway AS the consent to use the Leiv Eiriksson semi-submersible drilling rig for exploration drilling on the Neiden prospect in the Barents Sea, offshore Norway. The approval by the PSA comes two days after t

about 10 years ago
Norway: Det norske strikes oil at Langfjellet prospect
Exploration & Production

Norway: Det norske strikes oil at Langfjellet prospect

Norwegian oil firm Det norske oljeselskap ASA has made an oil discovery in the Norwegian part of the North Sea. The oil company, operator of PL 442, said Wednesday that that drilling of exploration well 25/2-18 S on the Langfjellet prospect in the North Sea was about to be completed. “The well encou

about 10 years ago
Divers clearing debris left after Transocean Winner rig grounding
Exploration & Production

Divers clearing debris left after Transocean Winner rig grounding

Divers have located around 40 pieces of debris around the site near Dalmore beach, on the Isle of Lewis, where the Transocean Winner drilling rig originally grounded on 8th August. According to the Maritime and Coastguard agency, the divers are currently working to recover the debris which ranges fr

about 10 years ago
Lundin gets safety nod for Filicudi drilling
Exploration & Production

Lundin gets safety nod for Filicudi drilling

Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has given Lundin Norway AS the consent to use the Leiv Eiriksson semi-submersible drilling rig for exploration drilling in the Barents Sea, offshore Norway. PSA said on Tuesday that the consent refers to the drilling of explor

about 10 years ago
GustoMSC launches harsh environment semi-submersible rig design
Exploration & Production

GustoMSC launches harsh environment semi-submersible rig design

GustoMSC, a Dutch company providing engineering and design services for the international offshore energy companies, has launched its new harsh environment drilling semi-submersible series design, the OCEAN-HE. GustoMSC said on Monday that this new series was created due to the increasing requiremen

about 10 years ago
Songa on rig spat: DSME the one responsible
Exploration & Production

Songa on rig spat: DSME the one responsible

Songa Offshore, an Oslo-listed offshore drilling contractor, is standing its ground regarding the dispute with South Korea’s shipbuilder Daewoo Shipbuilding and Marine Engineering Co (DSME) over two drilling rigs, the Songa Equinox and Songa Endurance. To remind DSME, which built four Cat D rigs for

about 10 years ago
Impairments push Songa Offshore into red despite $80M revenue rise
Exploration & Production

Impairments push Songa Offshore into red despite $80M revenue rise

Songa Offshore, an offshore drilling contractor, has reported a loss for the second quarter of 2016, mostly due to impairment charges which amounted to $118 million for the quarter. The Oslo-listed company said on Friday that its loss for 2Q was $86.3 million, down from the $17.3 million profit made

about 10 years ago
NADL: Offshore drilling lags behind the cycle
Exploration & Production

NADL: Offshore drilling lags behind the cycle

North Atlantic Drilling (NADL), a company providing harsh-environment drilling rigs for the oil and gas industry, reported revenues of 164.6 million for the second quarter of 2016. This is a fall when compared to the same period of 2015, when NADL posted revenues of 210.7 million. Net income fell to

about 10 years ago
Odfjell Drilling returns to 2Q profit
Exploration & Production

Odfjell Drilling returns to 2Q profit

Norwegian offshore drilling company Odfjell Drilling has managed to return to profit in the second quarter of 2016. The company on Thursday posted a net income of $9 million, an improvement from a net loss of $224 million reported a year ago. Operating revenue for Q2 2016 was $183 million down from

about 10 years ago
Seadrill revenue down on rig dayrate reductions
Exploration & Production

Seadrill revenue down on rig dayrate reductions

Offshore driller Seadrill reported a drop in income and revenue for the second quarter of 2016. The Oslo-listed company’s revenue fell to $868 million, a drop of around 24 percent when compared to the second quarter of 2015, when the company’s revenue was around $1.15 billion. Revenue was hit by dow

about 10 years ago
TSC ventures into decom market
Exploration & Production

TSC ventures into decom market

China’s TSC Group has signed a joint venture agreement with Offshore CC FZE to enter the plug and abandonment (P&A) and decommissioning market. TSC said on Tuesday that the agreement was signed on August 18 and that the newly created JV company, OIM Pte. Ltd., was incorporated in Singapore. The new

about 10 years ago
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