Asia Offshore Drilling (AOD) has received three-year contract extensions for two jack-up rigs from Saudi Aramco. AOD is an associate company of Mermaid Maritime and Mermaid has 33.76 percent equity stake in AOD while the other 66.24 percent equity is owned by Seadrill. The extension is for two jack-
Lamprell, a provider of fabrication, engineering and contracting services to the energy industry, has informed that delivery of the jack-up drilling rig which had been scheduled for delivery in 2Q 2016 has been delayed. The company said on Tuesday that the rig is in its final stages of commissioning
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Offshore drilling contractor Transocean has stacked six rigs and has received new rig contracts as well as changed dayrates for several of its rigs. In the company’s latest fleet status report, covering a period from April to July 2016, the driller revealed that six rigs have been stacked; the 1999-
Oilfield services provider Baker Hughes informed on Friday that the international offshore rig count for June 2016 was down both sequentially and year over year. According to Baker Hughes’ report, the international offshore rig count for June 2016 was 223, down 6 from the 229 counted in May 2016, an
Offshore drilling contractor Rowan Companies has been awarded several contracts extensions for its drilling rigs with a reduced dayrate. The drilling contractor’s drillship Rowan Resolute has been awarded blend and extend amendment with Anadarko in the U.S. Gulf of Mexico. Extension is at a dayrate
Iran could award around fifty billion U.S. dollars worth of contracts to offshore oilfield services providers by 2020, in a move to boost production to the pre-sanctions levels. According to estimates by Rystad Energy, a Norwegian energy intelligence group, around $100 billion will be invested in th
Italian oilfield services provider and drilling contractor Saipem has been awarded several new drilling contracts and extensions to existing contracts. The contracts of a combined value of around 150 million euros, are for work in Portugal, Norway, Morocco, Saudi Arabia, Kazakhstan and Latin America
Oilfield services provider Baker Hughes reported on Tuesday that the international offshore rig count for May 2016 was up by nine rigs sequentially and down by 55 rigs year over year. This is the second month in a row that the international offshore rig count is exhibiting similar behavior as Baker
Big news from Russia. According to a report, a Russian shipyard has scored a mega deal to build offshore drilling rigs for the Iranian oil and gas industry. According to this week’s report by Reuters, Russian shipyard Krasnye Barrikady has secured a contract to construct five offshore drilling rigs,
Iran’s energy sector is attracting investments from around the world following the recent lifting of sanctions on crude oil exports. The Singapore-based firm Kim Heng Offshore & Marine on Friday said it signed a memorandum of understanding with the Iran Marine Fund to provide its technical expertise
Oilfield services provider Baker Hughes reported on Friday that the international offshore rig count in April 2016 was up sequentially, but down year over year. According to Baker Hughes’ report, the international rig count for April 2016 was 946, down 39 from the 985 counted in March 2016, and down
Offshore drilling contractor Rowan Companies has been awarded two contracts for one jack-up drilling rig, while the dayrate for Rowan’s other jack-up could be slashed retroactively if the client exercises its extension option. According to the offshore driller’s latest fleet status report, Rowan’s h
Offshore drilling contractor Paragon Offshore has received two contract extensions and one contract termination for its jack-up drilling rigs. According to Paragon’s latest fleet status report, the contract for Paragon’s 1979-built jack-up drilling rig Paragon M1162, operating in the UAE, was extend
