Offshore exploration company Faroe Petroleum will drill for hydrocarbons in the North Sea, offshore Norway, by using Transocean’s 1987-built semi-sub rig. The oil industry safety body Petroleum Safety Authority Norway on Wednesday said it had granted Faroe Petroleum consent for exploration drilling
The Norwegian Petroleum Safety Authority (PSA) has given Wintershall its approval to drill an exploratory well with the Borgland Dolphin drilling rig offshore Florø, Norway. Wintershall is the operator for production licence 248 in the North Sea where the well will be drilled. The exploration prospe
Sparrows Group, a provider of engineered products and services, primarily to the offshore sector, has been awarded a 20-month inspection services contract to cover Stena Drilling’s global fleet of drilling vessels. The company announced on Wednesday that this agreement will see Sparrows Group delive
Oilfield services provider Baker Hughes reported on Friday that the international offshore rig count in April 2016 was up sequentially, but down year over year. According to Baker Hughes’ report, the international rig count for April 2016 was 946, down 39 from the 985 counted in March 2016, and down
UK-based drilling contractor Ensco has received terminations for two rig contracts from Brazil’s oil giant Petrobras and these two semi-sub rigs will now be ‘permanently retired’. In addition, Ensco has been awarded an extension, including dayrate reduction, for one drilling contract with Petrobras.
One of the world’s largest offshore drilling contractors, Transocean, returned to profit in the first quarter of the year as opposed to a loss in the corresponding period last year. The company’s revenues dropped due to reduced rig activity. Transocean reported net income attributable to controlling
Offshore drilling contractor Maersk Drilling delivered a 32% increase in profit that amounted $222 million for the first quarter 2016, compared to $168 million in the same period last year. The company also saw a boost in revenues during the quarter. The underlying profit was $223m, a 14% increase w
Plexus Holdings has received its ninth purchase order since 2012 from Det norske oljeselskap to supply surface wellhead and mudline equipment services for the Langfjellet standard pressure exploration well on the Norwegian Continental Shelf. According to Plexus, an oil and gas engineering services b
Petrofac, a UK-based service provider to the oil and gas production and processing industry, was awarded a Duty Holder contract from BP to support late life management of the Miller platform in the UK sector of the North Sea. The signed contract is for ‘life of asset’ with a four year ceiling after
UK company providing logistics to the energy sector Peterson has secured a long term logistics contract with North Sea oil and gas operator Taqa. The five year contract is for integrated supply base and logistics operations supporting Taqa’s offshore assets in the UK North Sea – Harding, Tern, Eider
Two Dutch firms Damen Shipyards Group and GustoMSC have teamed up and plan to produce a range of self-propelled and non-self-propelled jack-up platforms for the offshore industries – the DG JACK range. The collaboration deal was signed on Monday in Houston during the Offshore Technology Conference (
Seven companies had employees aboard the helicopter which crashed at Turøy, off Bergen, Norway, on Friday. There were thirteen people in the aircraft, en route from Statoil’s Gullfaks B field to Bergen, and all of them are confirmed dead. According to a statement by Statoil, the 11 passengers aboard
Offshore drilling contractor Noble Corporation posted first quarter 2016 net income attributable to the company of $105 million, on revenues of $612 million. In comparison, for the first quarter of 2015, net income attributable to Noble Corporation was $178 million, on revenues of $804 million. Net
A district court in Jæren, Norway has decided that all 229 employees who were dismissed from COSL Drilling in June 2015 can participate in a class action suit that the Norwegian union of energy workers, SAFE, has filed against the company. In June 2015, the Norwegian oil company Statoil cancelled a
