Offshore drilling contractor Noble Corporation has received a two-year contract extension for a jack-up drilling rig, stacked two semi-subs, and reduced dayrates for two drillships. In its latest fleet status report, Noble said that the contract for the jack-up drilling rig Noble Hans Deul was exten
Oilfield services provider Baker Hughes announced on Thursday that the international offshore rig count in March 2016 was down by more than one hundred offshore rigs year over year. The international rig count includes rigs from Latin America, Europe, Africa, Middle East and Asia Pacific. According
Hercules Offshore has received a notice from Saudi Aramco extending the contract for one of its jack-up drilling rigs operating in Saudi Arabia. According to the drilling contractor, the contract for the jack-up Hercules 266 was extended until June 30, 2016. Further, the dayrate for the Hercules 266
Offshore driller Hercules Offshore has seen cuts in dayrates for three of its drilling rigs operating in Saudi Arabia. Hercules Offshore on Thursday said that it received from Saudi Aramco on March 9, 2016, a notice reducing the dayrates under its five year contracts for the Hercules 261 and Hercule
Oilfield services provider Baker Hughes announced on Monday that the international offshore rig count in February 2016 was down both sequentially, and year over year. The international rig count includes rigs from Latin America, Europe, Africa, Middle East and Asia Pacific. According to Baker Hughes
National Iranian Drilling Company (NIDC), a provider of drilling services and a subsidiary of National Iranian Oil Company, is looking to attract $200 million in investment to buy offshore drilling rigs. According to Shana, a news agency, NIDC was in negotiations with domestic and foreign investors
KS Energy’s subsidiary KS Drilling has secured a contract with Egypt’s Belayim Petroleum for a jack-up drilling rig. KS Energy has also informed it will have to pay a multi-million fine for its other rig, the KS Java Star. According to KS Energy, Belayim Petroleum will use the company’s KS Medstar-1
Singapore’s SBI Offshore announced on Thursday that a consortium of six Middle East-Chinese parties have terminated a $24 million worth jack-up drilling rig design and engineering contract it had with SBI. SBI Offshore said that the consortium filed a termination request in view of the downturn in t
Paragon Offshore, an offshore drilling contractor, has stacked one of its drilling rigs after it arrived from India to UAE. According to the offshore driller’s February fleet status report, the 1975-built drillship Paragon MDS1 was stacked in the UAE as the rig was without a contract since October 2
Nakilat-Keppel Offshore & Marine (N-KOM), the joint venture shipyard between Qatar’s Nakilat and Keppel Offshore & Marine (Keppel O&M), has delivered its first liftboat unit. The liftboat “Al Safliya” has been delivered to Qatari rig operator Gulf Drilling International (GDI), subsidiary of Gulf Int
The international offshore rig count for January 2016 was down both sequentially and year over year, according to a report by Baker Hughes, an oilfield services provider. The international offshore rig count for January 2016 was 242, down 8 from the 250 counted in December 2015, and down 72 from the
Offshore drillers, companies providing drilling rigs for the oil and gas industry’s marine exploration efforts, continue to face murky market conditions, and according to Fitch ratings agency, the situation is nowhere nearly close to improvement. According to Fitch, a 70% drop in oil price, and the
Keppel FELS, a subsidiary of Keppel Offshore & Marine (Keppel O&M), has delivered Halul, a KFELS B Class jack-up rig, to Gulf Drilling International (GDI) of Qatar. According to Keppel, the rig was completed on January 21, 2016, which is ten days ahead of schedule. Also, it is the first rig that Kep
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
