Songa Offshore, an offshore drilling contractor, and South Korea’s shipbuilder Daewoo Shipbuilding and Marine Engineering Co. Ltd. (DSME) are in a dispute regarding a construction contract for the Songa Equinox drilling rig built by DSME. Songa Offshore took delivery of Songa Equinox, the first rig
Harland and Wolff, a Belfast-based ship and rig repair yard, has completed the dry docking and SPS class renewal survey of the Byford Dolphin semi-submersible drilling rig. The rig left Belfast during the summer following a six-month dry docking in the ship yard’s main building dock. Harland and Wol
Italian oil company Eni has completed the sidetrack well GU2-Dir A at the Guendalina gas field in the Northern Adriatic, offshore Italy. Eni is the operator with 80% interest, while Rockhopper Exploration has 20% interest in the field. To remind, Eni found more gas at the sidetrack well in its Guend
Pacific Drilling, an offshore drilling contractor, on Sunday posted a drop in its third quarter 2015 profit versus the one made a year ago, and in the previous quarter of 2015. In its 3Q 2015 report, the drilling contractor posted a net income of $41 million in the third quarter 2015, compared to ne
Boskalis has completed reinforcing Maersk Oil’s Dan Bravo platform in the North Sea, offshore Denmark. Dan is the oldest producing field in Denmark. The oil production started on July 4, 1972, and according to Maersk Oil, close to 28 % of total Danish oil production has been extracted from the Dan F
Centrica Energy Norway, a subsidiary of the UK-based oil company Centrica, has adopted a new drilling method, for which the company says it has never been used before in the oil and gas industry. The company also claims the method reduces drilling costs. The solution was recently used on the Butch f
Baker Hughes has reported that the international offshore rig count for October 2015 has declined year over year and gone up a bit when compared to September rig count. Baker Hughes’ international rig count covers rigs from Latin America, Europe, Africa, Middle East and Asia Pacific. According to Ba
Songa Offshore, an offshore drilling contractor, has recorded a net loss of $317 million for the third quarter 2015 versus $1 million profit in the same period last year. According to the company, the drilling market is facing challenging times over the next two years. According to its 3Q 2015 repor
UK oil and gas major BP has signed a Heads of Agreement (HoA) with the Egyptian Ministry of Petroleum, regarding the acceleration of the development of the recent Atoll gas discovery in the East Nile Delta, offshore Egypt. The Atoll discovery in the North Damietta Offshore Concession was announced i
Lundin Petroleum has temporarily suspended drilling of the exploration well 7220/6-2 on the Neiden prospect in PL609, in the Barents Sea. Lundin Petroleum started drilling the exploration well in October 2015, using the Island Innovator semi-submersible drilling rig, and has drilled a section of it.
Transocean, one of the world’s largest offshore drilling contractors saw its revenue and utilization drop, due to a shrinking demand for drilling services caused by plunging oil prices. The market situation is not expected to change any time soon, the company said. The company on Thursday reported r
Norwegian oil and gas major Statoil has reached a milestone this week, as it has been ten years since the high-pressure/high-temperature Kristin field in the Norwegian Sea came on stream. Discovered in 1996, the Kristin gas and condensate field is located in the south-western part of the Halten Bank
Statoil has, on behalf of the Johan Sverdrup licence, awarded a contract to Jacktel AS, a wholly owned subsidiary of Master Marine AS, for providing accommodation services on the Johan Sverdrup field in the North Sea. Jacktel AS has been awarded a contract for the Haven jack-up accommodation rig for
Songa Offshore, an offshore drilling contractor, informed on Wednesday that the Songa Equinox rig had arrived in Norwegian waters on October 22, 2015. Songa Equinox is the first rig in a series of four Category D rigs specifically built for and contracted to Statoil. The rig will start its eight-yea
