Norwegian oil company Statoil has received consent from the Petroleum Safety Authority (PSA), a Norwegian offshore safety agency, to use Saipem’s Scarabeo 5 rig for well activities on the Njord field, offshore Norway. Statoil is the operator at Njord, an oil field in the Norwegian Sea, located aroun
Offshore driller Pacific Drilling on Monday posted a sharp decline in profit and revenues due to a lower dayrate for one of its drillship. The company’s net income for the third-quarter of 2016 was $0.2 million, compared to net income of $41 million for third-quarter 2015. Further, Pacific Drilling’
Malaysian drilling contractor UMW Offshore Drilling has secured a drilling contract for one of its jack-up rigs. Namely, the company’s Naga 2 jack-up drilling unit will work for Australian oil company Octanex, drilling development wells at the Ophir field, off Malaysia. The announcement on the contr
Inpex has completed a drilling operation offshore Japan, the aim of which was to establish the presence of oil and gas in the area offshore Shimane and Yamaguchi prefectures. According to the Japanese agency for Natural Resources and Energy (ANRE), the drilling operation unearthed samples of rock an
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
Atwood Oceanics, an offshore drilling contractor, has mobilized its ultra-deepwater drillship Atwood Advantage to Israel and began drilling on the Tamar gas field for Noble Energy. The Atwood Advantage left the Gulf of Mexico on September 17 and began its operations in Israel on October 21. The dril
Baker Hughes has posted Weekly Rig Count reports according to which the U.S. offshore rig count is down by one unit. BHI Rig Count: U.S. +12 to 569 rigs U.S. Rig Count is up 12 rigs from last week to 569, with oil rigs up 9 to 450, gas rigs up 3 to 117, and […]
KBR, a global engineering and construction firm, might be a step closer to recovering almost half a billion dollars it has been owed by the Mexican oil company Pemex. Namely, the company has moved forward in resolving a decade-long litigation initiated after Pemex failed to pay Commisa, a KBR subsid
Offshore driller Noble Corp. sank to a loss during the third quarter of 2016 and saw a drop in revenues amid a decrease in floating rigs utilization due to a challenging offshore drilling market. The driller on Thursday reported a third quarter 2016 net loss attributable to Noble Corporation of $55
Australian oil and gas company Quadrant Energy has begun drilling operations at the Phoenix South-2 appraisal well offshore Western Australia, in line with the schedule announced last week. Carnarvon Petroleum, Quadrant’s partner in the project, said on Friday that the Phoenix South-2 well drilling
Offshore rig builder Lamprell has completed the construction of a jack-up drilling rig for the offshore driller Ensco. Not too long ago, when oil prices were over a $100 a barrel, this would mean the rig would go on a long term contract with an oil company straight out of the yard. However, this is
Norwegian offshore safety body, the Petroleum Safety Authority (PSA), has given Statoil its consent to use the Deepsea Bergen rig for exploration well drilling in block 6608/10 in the Norwegian Sea. PSA said on Thursday that the exploration well would be drilled in a prospect named Cape Vulture, wit
Norwegian base for supply activities to the petroleum fields, Coast Center Base (CCB), has won a contract from the Norwegian state-owned oil company Statoil for the reception and preparation of two newbuild Cat-J rigs, named Askeladden and Askepott. The new pair of Cat-J rigs is currently being buil
Oil and gas company Apache Corp. has achieved its ‘third consecutive exploration success’ near the Beryl field in the UK sector of the North Sea with a discovery in two separate fault blocks at the recently drilled Storr prospect. Apache said in its 3Q 2016 report on Thursday that results were in li
