Norwegian workers’ unions demanded a meeting with the Norwegian Ministry of Petroleum and Energy over Statoil’s termination and suspension of COSLInnovator and COSLPromoter contracts, respectively, warning that 600 jobs could be lost. To remind, Norwegian oil company Statoil terminated a contract wi
Offshore drilling contractor Transocean announced on Tuesday a mutual agreement with Keppel Offshore & Marine’s shipyard, Keppel FELS, to defer the delivery and related payments of five high-specification jack-ups until 2020. According to the drilling contractor, the Super B 400 Bigfoot Class jack-u
China Oilfield Services Limited (COSL), a parent company of COSL Drilling Europe, is thinking about taking legal action against Statoil after the oil company terminated a rig contract it had with COSL Drilling. To remind, the Norwegian oil company Statoil cancelled a contract with COSL Drilling for
Oilfield services provider Baker Hughes announced on Monday that the international offshore rig count in February 2016 was down both sequentially, and year over year. The international rig count includes rigs from Latin America, Europe, Africa, Middle East and Asia Pacific. According to Baker Hughes
Norwegian oil company Statoil has terminated a contract for one COSL rig and suspended another one. Statoil has on behalf of the Troll licence, located in the North Sea offshore Norway, decided to use its contractual right to terminate the contract with COSL Offshore Management for the chartering o
Lundin Petroleum is in the process of concluding the drilling of wildcat well 16/4-10, on the Fosen prospect, offshore Norway. The well is dry. The company started drilling the exploration well in January 2016. The well 16/4-10 was drilled by the Island Innovator semi-submersible drilling rig. Accor
Total E&P Norge is in the process of completing the drilling of wildcat well 34/6-4, offshore Norway. The well is dry. Total is the operator of production licence 554 located in the North Sea. The well was drilled about 6 kilometres northeast of the 34/6-2 S (Garantiana) oil discovery. The Norwegian
Offshore ultra-deepwater drilling company, Pacific Drilling, on Monday swung to a net loss for fourth-quarter 2015 of $13.6 million, compared to net income of $68 million in the corresponding period of 2014. Pacific Drilling’s contract drilling revenue for fourth quarter of 2015 was $267.6 million,
Statoil has informed that on Tuesday, March 1, 2016, the Deepsea Atlantic drilling rig started work on the first of a total of 35 wells to be drilled in the first phase of the Johan Sverdrup field development, in the North Sea, offshore Norway. “The Deepsea Atlantic drilling rig is currently predril
Plexus Holdings PLC, an oil and gas engineering services business, has received an additional purchase order from Det norske oljeselskap to supply surface wellhead and mudline equipment services for an exploration well on the Norwegian Continental Shelf, offshore Norway. The value of this latest ord
Semco Maritime, an international engineering company, is to refurbish and service semi-submersible rig Island Innovator. The rig will arrive at Semco Maritime’s dock area at Hanøytangen, Bergen, in early March. Island Innovator is owned by Island Drilling and operated by Odfjell Drilling. The rig is
Awilco Drilling, a UK-based drilling contractor that owns two semi-submersible drilling rigs, has informed that one of its rigs is waiting for project acceptance before contract re-start for Apache North Sea. According to Awilco, the WilPhoenix semi-submersible drilling rig remains berthed at Hartle
Odfjell Drilling, an international drilling, well service and engineering company, on Monday posted a profit for the 4Q 2015 that was positively impacted by a reversed tax expense. Odfjell Drilling’s net profit for the 4Q 2015 was $37 million, compared to a loss of $26.8 million in the corresponding
Songa Offshore, an international midwater drilling contractor, has returned to profit and doubled its revenues in the fourth quarter of 2015 when compared to the same period the year before. The drilling contractor came back from a loss of $51 million in the 4Q 2014 to a $34 million profit in the fo
