Parker Drilling, a Houston-based provider of offshore and onshore contract drilling services, sank deeper into red during the last quarter of 2016 as its revenues dipped. The driller on Wednesday reported a net loss of $48.9 million for 4Q 2016, on revenues of $94 million. For comparison, the compan
Offshore drilling contractor Rowan Companies has cold stacked one rig, sold two, and received several extensions for its jack-up drilling rigs. According to the driller’s latest fleet status report issued on Tuesday, the 1983-built jack-up Rowan California, that previously operated in the Middle Eas
Danish offshore shipowner Maersk Supply Service (MSS) shared a picture through its social media channels on Monday showing three of its AHTS vessels moving the Transocean-owned rig, the Henry Goodrich, off the East Coast of Canada. “The three musketeers,” as the company called them, were moving the
Repsol Sinopec Resources UK, formerly Talisman Sinopec Energy UK, has exercised a further month of options for the Prosafe-owned accommodation rig Safe Boreas. The operator of the accommodation rigs known as flotels, Prosafe, informed on Tuesday that the firm operational period of the Safe Boreas at
UK-based offshore drilling contractor Awilco Drilling posted a lower profit and revenues for the last quarter of 2016 when compared to the year-before period. The driller posted a net profit of $14.9 million for the fourth quarter 2016 compared to a profit of $66.7 million in the same period of 2015
AGR, a construction and engineering project management service company, has been awarded a contract from Jacktel for maintenance work on the Haven MODU, currently preparing for work on Statoil’s Johan Sverdrup field off Norway. AGR said on Monday that the contract entails management of surface treat
The weekly U.S. offshore rig count dropped by one unit, according to rig count report by the oilfield services provider Baker Hughes. BHI Rig Count: U.S. +12 to 741 rigs U.S. Rig Count is up 12 rigs from last week to 741, with oil rigs up 8 to 591, gas rigs up 4 to 149, […]
The joint venture between Saudi Aramco and Rowan is very significant, and will undoubtedly have implications in all of the Middle East. By David Carter Shinn The Middle East is one of the most important offshore drilling rig markets in the world. For jackups, it’s the center of the universe: out o
Drilling contractor Noble Corporation posted a bigger loss for the fourth quarter 2016, compared to the year-before period, due to rig impairment charges. For the fourth quarter of 2016, the company on Thursday reported a net loss attributable to Noble Corporation of $1.3 billion, on revenues of $41
Offshore drilling contractor Transocean has decided to scrap two semi-subs and idle two drillships and one semi-submersible drilling rig. The driller has also been awarded several new contracts. In its latest fleet status report on Thursday the driller said that the deepwater semi-submersible M.G. H
Prosafe, an operator of accommodation rigs known as flotels, narrowed its loss during the fourth quarter 2016 and saw an increase in revenues while expecting the market to pick up next year. For the fourth quarter of 2016, the company on Thursday posted a net loss of $32.7 million, which was smaller
The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway a drilling permit for an appraisal well on the Edvard Grieg field, offshore Norway. The well 16/1-27 will be drilled from the Island Innovator semi-submersible drilling rig, in a southwesterly extension of the Edvard Grieg field in
Danish offshore driller Maersk Drilling posted a net loss for the fourth quarter of 2016 “in the middle of the worst downturn in the history of the industry.” According to an annual report for 2016 from the driller’s parent company Maersk Group, despite significant cost optimization initiatives, Mae
Houston-based drilling contractor Diamond Offshore has informed that its new drilling rig the Ocean GreatWhite is now under a reduced standby rate with the oil major BP. Diamond’s harsh-environment sixth-generation, semi-submersible drilling rig, the Ocean GreatWhite, was delivered by South Korea’s
