Qatar Petroleum (QP) has chartered the Al Doha jack-up rig, owned by Qatari rig operator Gulf Drilling International (GDI), a subsidiary of Gulf International Services. According to data from VesselsValue, Qatar Petroleum hired GDI’s semi-sub rig for one year and four months starting January 23, 201
Offshore drilling contractor Noble Corp. has received contract extensions for a pair of jack-up rigs from the oil company Saudi Aramco. The drilling contractor said in its latest fleet status report on Thursday that the 2009-built jack-up rig Noble Scott Marks has received a five-year contract exten
The 2016 total offshore discovered liquids resources reached only slightly below 2.3 billion bbl, 90% lower than in 2010, Energy intelligence group Rystad Energy has informed. The group says the drop is most significant to the overall decline in discovered volumes; and in fact, total global discover
The international offshore rig count for December 2016 was down both sequentially and year over year. According to reports on Monday by the oilfield services provider Baker Hughes, the international offshore rig count for December 2016 was 210, down 1 from the 211 counted in November 2016, and down
Oil and gas engineering services business Plexus Holdings has received an order for a second well offshore Oman from Masirah Oil. Masirah is a company majority owned by a technology-driven oil and gas company, REX International. Plexus said on Thursday that the new contract would see the company sup
Lamprell, a provider of engineering and contracting services to the energy industry, has completed construction of the jack-up drilling rig, Al Gharbia, and delivered it to Abu Dhabi’s National Drilling Company (NDC). Lamprell said that completion and delivery of the jack-up rig, on time and on budg
The global oil and gas exploration spending, which has been trimmed since the oil prices went down in 2014, will further fall in 2017. It might start rising in the next few years, but not to the pre-slump levels, a graph released by Wood Mackenzie shows. Also, on the oil prices, the energy intellige
The international offshore rig count for November 2016 was up sequentially but down year over year. According to a report on Wednesday by the oilfield services provider Baker Hughes, the international offshore rig count for November 2016 was 211, up 11 from the 200 counted in October 2016, and down
Offshore Energy Today has interviewed Liz Tysall Senior Offshore Rig Analyst of Rystad Energy, an energy intelligence group based in Norway. The interview follows a recent report by Rystad on offshore drilling market, floating rigs, in particular. The interview itself focuses on the floaters market,
An Iranian helicopter on its way back from an offshore oil rig reportedly crashed into the Caspian Sea off Iran early on Sunday killing all five people on board. According to a report by Iran’s Press TV, an English-language news and documentary network based in Tehran, the helicopter belongs to the
Offshore driller Rowan Companies and the Saudi Arabian Oil Company (Saudi Aramco) have signed an agreement to create a 50/50 joint venture to own, operate, and manage offshore drilling rigs in Saudi Arabia. According to the agreement signed through subsidiaries of the two companies, the new joint ve
After emerging from a Chapter 11 bankruptcy in February, Vantage Drilling, a drilling contractor with a fleet of three drillships and four jack-up rigs, reported a loss for the third quarter of 2016 and a sharp drop in revenues amid a significant decline in both jack-up and deepwater rig utilization
Drilling contractor Paragon Offshore has received an early termination for one of its jack-up rigs operating in the Middle East. In its latest fleet status report, Paragon said on Tuesday that the jack-up rig M1162 has received an early termination notice from NDC (ADMA-OPCO). The company added it w
Oilfield services provider Baker Hughes informed on Monday that the international offshore rig count in October 2016 was down by 70 units when compared to the same period in 2015. Namely, according to the report, the international offshore rig count for October 2016 was 200, down 21 from the 221 cou
