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Exploration & Production

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Hyundai Heavy, Fred. Olsen Energy in arbitration over cancelled rig deal
Exploration & Production

Hyundai Heavy, Fred. Olsen Energy in arbitration over cancelled rig deal

Fred. Olsen Energy has informed that its dispute with Hyundai Heavy Industries (HHI) regarding a contract for the design and construction of a semi-submersible drilling rig Bollsta Dolphin is subject to arbitral proceedings. In October 2015, South Korea’s rig builder Hyundai Heavy asked for more tim

about 10 years ago
VIDEO: Heerema rolls up Culzean WHP jacket
Exploration & Production

VIDEO: Heerema rolls up Culzean WHP jacket

Danish oil and gas company Maersk Oil has shared a video showing the construction progress of the wellhead platform (WHP) jacket meant for the company’s Culzean field in the UK North Sea. The video shows the jacket being rolled up at Heerema’s Vlissingen shipyard in the Netherlands. Heerema Fabricat

about 10 years ago
Pacific Drilling: Three out of seven drillships out of work
Exploration & Production

Pacific Drilling: Three out of seven drillships out of work

Pacific Drilling, an offshore drilling contractor headquartered in Luxembourg, informed on Monday that its ultra-deepwater drillship Pacific Khamsin is now without employment after completing its contract with Chevron in Nigeria. This means that three out of Pacific Drilling’s seven drillships are n

about 10 years ago
Songa Offshore laying off staff, shutting offices
Exploration & Production

Songa Offshore laying off staff, shutting offices

Drilling contractor Songa Offshore is set to lay off 200 workers, and shut offices in UK and South Korea. The company on Tuesday said the move was needed as the company “is now transforming from being largely a projects organization to an optimized operating organization.” As part of the process, So

about 10 years ago
More woes for Ocean Rig as another rig contract hangs in the balance
Exploration & Production

More woes for Ocean Rig as another rig contract hangs in the balance

Less than a fortnight has passed since Ocean Rig UDW Inc. an offshore driller run by the shipping magnate George Economou, lost a drillship contract with Eni, and now the company is facing another challenge. Ocean Rig on Monday said that it has received a notice of breach of material obligations fro

about 10 years ago
Diver dies after incident at Norwegian rig yard
Exploration & Production

Diver dies after incident at Norwegian rig yard

A diver died on Friday following an incident that happened on Wednesday, January 27, at the Westcon Olen rig yard in Norway. According to Westcon, which did not provide too many details on the accident, the incident happened on Wednesday morning at the yard, and was related to diving work. An earlie

about 10 years ago
Wärtsilä helping Ensco with rig uptime and cost management
Exploration & Production

Wärtsilä helping Ensco with rig uptime and cost management

Finland’s Wärtsilä has signed a maintenance agreement with Ensco, an offshore drilling contractor, to create savings by optimising Ensco’s assets and improving predictability through condition monitoring services and parts supply management for Ensco’s four drillships equipped with six Wärtsilä 32 e

about 10 years ago
Statoil gains nod for ‘Bideford Dolphin’ use on North Sea well
Exploration & Production

Statoil gains nod for ‘Bideford Dolphin’ use on North Sea well

Statoil, a Norwegian oil and gas major, has been granted consent from the Petroleum Safety Authority (PSA) Norway to use the Bideford Dolphin drilling rig to drill a sidetrack well on the Vigdis field, offshore Norway. The field is located in production licence 089 in the North Sea. According to the

about 10 years ago
Lundin spins drill bit on Fosen prospect (Norway)
Exploration & Production

Lundin spins drill bit on Fosen prospect (Norway)

Lundin Petroleum’s Norwegian subsidiary, Lundin Norway, has started drilling the exploration well 16/4-10 on the Fosen prospect, offshore Norway. The well is located approximately 27 km south of the Edvard Grieg field and 11 km south of the Luno II discovery on the Utsira High on the Norwegian Conti

about 10 years ago
Ocean Rig loses drillship contract
Exploration & Production

Ocean Rig loses drillship contract

It seems like bad news for the offshore drillers will never stop, as another one has lost a rig contract today. This time it is Ocean Rig UDW, a drilling company run by the Greek shipping mogul, George Economou. In a brief statement on Thursday, the driller said that “due to the dramatic fall of the

about 10 years ago
Rowan scores jack-up deal with BP
Exploration & Production

Rowan scores jack-up deal with BP

Rowan Companies, an offshore drilling contractor, has been awarded a contract for one of its jack-up rigs from BP in Trinidad. According to Rowan’s latest fleet status report, the company’s high-spec jack-up drilling rig Joe Douglas was awarded a 300-day contract at a dayrate of $157,000. The contra

about 10 years ago
Lundin drills dust in Lorry prospect
Exploration & Production

Lundin drills dust in Lorry prospect

Lundin Petroleum has completed the drilling and evaluation of exploration well 6407/10-4 on the Lorry prospect, in the Norwegian Sea. The well was dry. The well is located in PL700B, on the northern part of the Frøya High in the southern Norwegian Sea. The primary exploration target for the well was

about 10 years ago
Prosafe defers last delivery instalment for ‘Safe Zephyrus’
Exploration & Production

Prosafe defers last delivery instalment for ‘Safe Zephyrus’

Prosafe, an owner and operator of offshore accommodation rigs, has postponed its last portion of the payment due to Jurong Shipyard for the newbuild flotel Safe Zephyrus for June 2017. Namely, the final delivery instalment of the Safe Zephyrus will be reduced by $30 million and, according to Prosafe

about 10 years ago
Suncor bites dust in North Sea
Exploration & Production

Suncor bites dust in North Sea

Suncor Energy Norge, operator of production licence 571, has completed the drilling of wildcat well 25/10-14 S, in the Central North Sea. The well is dry. The well was drilled in the central part of the North Sea, about five kilometres west of the Balder field and about 200 kilometres north-west of

about 10 years ago
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