A vessel has reportedly crashed into an offshore platform in the Persian Gulf, Iran, last night. According to the Azeri news agency Trend, the Bahraini commercial ship hit and damaged a platform in the giant South Pars gas field. The news agency further says that the ship collided with a platform du
The global offshore accommodation market has seen significant growth over the past five years, with PoB requirements increasing by 27% between 2009 and 2014, Douglas Westwood, an energy industry intelligence group, writes in its “DW Monday” report. Although the recent oil price decline has negativel
Two new jack-up barges ordered by the National Petroleum Construction Company (NPCC), based in the United Arab Emirates, will feature fully integrated Wärtsilä power generation and electrical and automation (E&A) solutions. The SEP 650 and SEP 750 vessels are being built at the Shanghai Zhenhua Heav
Baker Hughes Incorporated announced today that the worldwide offshore rig count for February 2015 rose to 379 active units. The number rose up from January this year, which had 370 rigs, and February 2014, with 374. The rig data provider separates the rigs into two groups, North America (U.S. and Ca
What sparked your interest the most in the previous week was an article containing an infographic that details how oil prices affect everything. A research was carried out to investigate how the price of oil has had a huge effect on the global economy and how it impacts our lives in general. You wil
After it has been announced that Diamond Offshore is facing early termination for several of its rig contracts, another U.S.-based drilling contractor is facing a similar faith. Namely, Hercules Offshore has received a notice from Saudi Arabian oil company Saudi Aramco terminating its drilling contr
Saudi Aramco has informed that the heavy lift barge Lan Jing completed the installation of the Hasbah tie-in platform (TP) using its 7,500-ton crane, carrying weight that reached about 5,000 tons – which is, according to the company, its new record for heavy lift operation. The new tie-in platform w
Baker Hughes Incorporated has posted an international rig count report for January 2015 on its Investor Relations website according to which the international offshore rigs are down by 24 from last month. The international rig count for January 2015 was 1,258, down 55 from the 1,313 counted in Decem
Lamprell has announced the completion of construction on the jack-up rig “Jindal Pioneer” and its delivery to Dev Drilling Pte Ltd of Singapore, a D. P. Jindal Group Company, on time and within budget. The contract for the “Jindal Pioneer” rig was signed in January 2013 and this is the second rig wi
Drydocks World, the international service provider to the shipping, offshore, oil, gas and energy sectors currently has nine rigs in the Drydocks World-Dubai yard which is a new record for the shipyard. “Drydocks World is proud of our ability to provide solutions to any technical challenges and offe
Companies in the deepwater drilling market have lost more than half of their value over the last year; Transocean, Seadrill, ENSCO and Diamond are currently priced 56% lower on average compared to January 2014 in line with the decrease in oil prices, Douglas-Westwood, an energy market intelligence c
The articles you have read the most in the past week include Offshore Energy Today’s coverage of two videos; the first video shows Borgholm Dolphin offshore facility being rocked by waves and strong winds in the North Sea and the second one shows the Alvheim FPSO being battered by the winter storm N
Eversendai Offshore RMC FZE, an oil & gas and marine fabrication company, has held the keel laying ceremony for both units of GustoMSC NG-2500X self-propelled jack-ups, known as liftboats, ordered by Vahana Offshore (S) Pte Ltd in 2014. Keel laying signifies the formal recognition of the start of th
Lamprell, a builder of offshore drilling rigs, with construction facilities in the U.A.E, expects 2015 to be a challenging year. The company has said that while 2014 was an exceptionally strong year for Lamprell, that level of performance will not be replicated in 2015 due to Lamprell’s projects bei
