UK-based oil and gas company Hurricane Energy has completed the drilling and logging phase of the Lincoln well, located west of the Shetland Islands, after making an oil discovery. Hurricane started drilling the Lincoln well on November 8, 2016, with the Transocean Spitsbergen semi-sub drilling rig.
Exxon Mobil has failed in its effort to find oil offshore Liberia. According to Canadian Overseas Petroleum Limited, ExxonMobil’s partner in the Mesurado-1 well, the well is dry. Drilling started on the Mesurado-1 exploration well on November 21, 2016 utilizing the West Saturn drillship owned by Sea
U.S. weekly offshore rig count remained unchanged for the second week in a row, according to rig count reports by the oilfield services provider Baker Hughes. BHI Rig Count: U.S. +13 to 637 rigs U.S. Rig Count is up 13 rigs from last week to 637, with oil rigs up 12 to 510, gas rigs […]
The Norwegian Petroleum Directorate (NPD) has granted Lundin a drilling permit for an appraisal well in the Barents Sea, offshore Norway. The NPD said on Friday that the wellbore 7120/1-5 will be drilled from the Ocean Rig-owned Leiv Eiriksson semi-submersible drilling rig. The drilling program for
Prosafe, an owner and operator of semi-submersible accommodation rigs known as flotels, has received a contract extension for one of its units from Aker BP. Aker BP, made by merging Det norske and BP Norge, extended the charter of the Safe Zephyrus semi-submersible accommodation rig at the Ivar Aase
Offshore deepwater drilling services provider Ocean Rig UDW is considering a restructuring move amid dwindling profit and revenues during the third quarter of 2016. In its 3Q 2016 report on Wednesday, the offshore driller said it continues to explore and consider various strategic alternatives with
China Oilfield Services Limited (COSL) is suing Statoil after the oil company terminated a contract for the COSLInnovator semi-sub following a fatal accident on board the rig almost a year ago. Statoil terminated the drilling contract with COSL for the semi-submersible drilling rig COSLInnovator in
Flotel provider Axis Offshore has executed a definitive agreement with the offshore accommodation specialist Prosafe regarding the sale of two of its new flotels. The pair signed a letter of intent for Prosafe to acquire the two harsh-environment semi-submersible accommodation rigs, the Axis Nova an
Offshore drilling contractor Noble Corporation and oil giant Shell have agreed to amend the existing long-term contracts on three ultra-deepwater drillships, including the idling of two in 2017. In the current, challenging environment for offshore exploration and production projects, the agreements
Norway’s Simon Møkster Shipping has found work for its Stril Mar vessel. The company’s newest vessel will work under a call-off contract with Eni Norge in Norway. The contract, starting in a week, is for 13 months firm plus options. The first part of the contract starts in Hammerfest and is for appr
U.S. weekly offshore rig count is out, and according to Baker Hughes, the number of offshore rigs remains unchanged. Onshore rigs, on the other hand, are on the rise. BHI Rig Count: U.S. +27 to 624 rigs U.S. Rig Count is up 27 rigs from last week to 624, with oil rigs up 21 to […]
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
Two workers died in May last year when the Troll Solution jack-up rig tilted due to a fault in one of its legs, offshore Mexico. This was one of several accidents that hit the Mexican offshore oil and gas sector last year, and as the time passed, went out of the focus of general public. […]
Maersk Drilling’s jack-up the Maersk Resolve has this week returned to the Port of Esbjerg after completing its work on the Danish North Sea oil and gas fields. The Maersk Resolve completed its planned work scope for Dong Energy at the Hejre field in the Danish sector of the North Sea back in Septem
