Offshore driller Noble Corporation has now received the full settlement value of $540 million from Freeport-McMoRan regarding previously announced settlement and termination of drilling contract for two drilling rigs. Noble received $540 million in cash through the receipt of Freeport shares, which
Norwegian offshore safety body, the Petroleum Safety Authority (PSA), has recently audited Total E&P Norge, a subsidiary of French major Total, regarding its drilling activities using the Maersk Gallant jack-up drilling rig. PSA said on Thursday that the audit concerning pressure-balanced drilling o
Singapore-listed KS Energy and China’s Shanghai Zhenhua Heavy Industry (ZPMC) have amended the terms of the contract for the delivery of a jack-up drilling rig being built by the Chinese shipyard. KS Energy, through its offshore drilling subsidiary KS Drilling, ordered the jack-up rig of a Friede &
A looming offshore rig workers’ strike in Norway has been averted as the employers and the workers have reached a settlement on wages through mediation. To remind, the SAFE union had threatened its workers aboard rigs “Rowan Viking” and “Rowan Gorilla” would go on a strike should the mediation fail.
Trelleborg’s Houston-based offshore operation has been awarded a purchase order from an undisclosed ‘major European drilling contractor’ for drill riser buoyancy modules (DRBMs). Regardless of the details being undisclosed, Trelleborg, which provides syntactic based materials designed specifically f
UK’s Rolls-Royce is looking to invest millions of euros in its azimuth thruster production facility in Rauma, Finland, consolidating assembly and test capability and modernising the operation to position the business for future growth opportunities. According to the company, the €57 million (£44 mil
Offshore drilling contractor Songa Offshore has informed that its client Statoil will suspend the contract for the semi-submersible rig Songa Delta after the current well, Slemmestad, in the North Sea. Songa informed on Tuesday that from end of June 2016, the rig will go on 75% suspension rate of $2
The Norwegian Petroleum Directorate has granted Faroe Petroleum Norge a drilling permit for well 31/7-1 A, in the North Sea offshore Norway. The well 31/7-1 A will be drilled from the Transocean Arctic drilling rig in production licence (PL) 740. Faroe recently made an oil and gas discovery in its o
British oil major BP has made a final investment decision for the development of its Atoll discovery in Egypt. The company has sanctioned a ‘fast-track’ development of the gas discovery located in the Mediterranean Sea. The project, which is an early production scheme, will bring up to 300 million c
While the Norwegian oil and gas employers have reached a pay deal with offshore supply base workers over the weekend, the strike threat in Norway now looms from the offshore workers. Namely, Roy Aleksandersen, 1st Deputy Chairman of SAFE, one of the Norwegian workers’ unions, has notified the nation
Australian oil and gas exploration company Quadrant Energy started drilling the Outtrim East-1 well, offshore Australia, on June 18, 2016. The Outtrim East-1 well is located within the WA-155-P(1) exploration permit in the North West Shelf of Australia where Quadrant is the operator with 71.5%, and
Weekly offshore rig count in the U.S. remained flat at 21 active units for the second week in a row, oilfield services provider Baker Hughes informed in its report on Friday. BHI Rig Count: U.S. +10 to 424 rigs U.S. Rig Count is up 10 rigs from last week to 424, with oil rigs up […]
The Norwegian Petroleum Directorate (NPD) has granted Det norske oljeselskap a drilling permit for well 25/10-15 S, located in the North Sea offshore Norway. The well 25/10-15 S will be drilled from Maersk Drilling’s Maersk Interceptor jack-up drilling rig. The drilling program for well 25/10-15 S r
Boa, a Norwegian provider of offshore services, has won a rig-moving contract for two of its vessels from German oil company Wintershall. Boa’s two vessels will be assigned to complete the move of the Borgland Dolphin semi-submersible drilling rig currently working offshore Norway. The vessels invol
