The video above will enable you to go inside an offshore accommodation rig, used to support offshore oil and gas operations. The video, shared by Teekay Offshore, shows the Arendal Spirit unit, hired by the Brazilian oil company Petrobras. The Sevan Marine-designed rig was built in 2015 in China. Th
Danish drilling contractor Maersk Drilling has been awarded a new contract for the jack-up rig Mærsk Giant with its compatriot firm DONG Energy. The firm contract covers 150 days of work on the Nini and Siri field in the Danish part of the North Sea. The estimated contract value is $6 million. The c
Ocean Rig UDW, an offshore drilling contractor, has reported a rise in quarterly profit, and revealed it may be entering the distressed M&A game. The company Thursday reported net income of $74.9 million for the second quarter of 2015, as compared to a net income of $69.6 million, for the same perio
The worldwide offshore rig count in July 2015 dropped to 299 active units, down by ten from 309 in June 2015, and down 96 rigs from July last year, Baker Hughes reported Friday. According to the report, the international offshore rig count in July (excluding the U.S. and Canada) was 264, down from 2
Offshore drilling contractor Pacific Drilling has posted a drop in its second quarter 2015 profit, when compared to the same period a year ago. The company’s net profit was $47.1 million in 2Q 2015, versus $49.8 million in 2Q 2014. Contract drilling revenue for second-quarter 2015 was $273.9 million
Lundin Norway AS has completed the drilling and logging of appraisal well 16/1-23 S on the Edvard Grieg field in the Norwegian North Sea. The well was located in PL338 and was drilled approximately 2.4 km southeast of the Edvard Grieg platform location. According to Lundin, the objectives of the wel
Cape plc, a UK-based energy services company, has won a contract extension worth £9.8million ($15.27M) on oil major BP’s Clair Ridge project, located 75 kilometers to the west of the Shetland Islands. The company said that the contract extension would help secure 170 jobs. According to Cape, the con
Awilco Drilling PLC, a UK-based drilling contractor, and Hess Limited have mutually agreed to release the WilHunter semi-submersible rig ahead of the December 1, 2015 contract date as a consequence of the early completion of the decommissioning program. Awilco has said that there will be no negative
PSE Seven Heads Limited, the operator of SEL 4/07, and a subsidiary of PSE Kinsale Energy Limited, which is in turn a subsidiary of Malaysia’s Petronas, has started drilling operations on the Midleton prospect in the Celtic Sea, offshore Ireland. Kinsale Energy holds an 80% interest in SEL 4/07, wit
Prosafe, the owner and operator of semi-submersible accommodation vessels, has informed that the conversion of the semi-submersible accommodation rig Safe Scandinavia into tender support vessel has experienced delays. The rig is being converted at the Westcon yard in Ølensvåg, Norway. It arrived at
Ensco, a drilling contractor with headquarters in London, will reportedly be laying off staff. According to BBC, the company is set to make over 100 employees redundant due to two rigs that had been stacked as a result of the current market downturn. Both rigs in question are jack-up drilling rigs,
Statoil has informed that production from the Gullfaks South (GSO) fast-track project for improved oil recovery in the North Sea has started on July 27, 2015. Statoil says that GSO will increase the output from the Gullfaks area by around 65 million barrels of oil equivalent. “GSO demonstrates how w
Maersk Drilling has been awarded a contract extension for the jack-up rig the Mærsk Innovator with ConocoPhillips Norway for work on the Eldfisk field, part of the greater Ekofisk area, in the Norwegian North Sea. According to Maersk, the duration of the contract extension is 16 months.The company h
Norwegian oil and gas major Statoil, operator of production licence 146, has found gas/condensate in the Julius prospect near the Ekofisk field in the North Sea, and is now in the process of concluding the drilling of wildcat well 2/4-23 S. The Norwegian Petroleum Directorate (NPD) has said that the
