Transocean, one of the world’s largest drilling contractors, has won a pair of contract extensions, one in India and the other one in Norway, but with reduced dayrates. According to Transocean’s latest fleet status report, its ultra-deepwater drillship, the Dhirubhai Deepwater KG2, has been awarded
Awilco Drilling, a UK based drilling contractor, on Wednesday reported its net profit for the quarter was $35.3 million, up from $26 million reported in the second quarter of 2014. Revenue also rose to $69 million for the quarter, from $65 reported in the corresponding period a year ago. The company
The Norwegian Petroleum Directorate (NPD) has granted Wintershall Norge AS a drilling permit for well 35/11-18, in the Norwegian sector of the North Sea. Well 35/11-18 will be drilled from the Borgland Dolphin drilling rig after concluding the drilling of wildcat well 6507/3-11 S for E.ON E&P NORGE
Shell has obtained an approval to go deeper, into oil-bearing zones, with its exploration in the Chukchi Sea, offshore Alaska. Bureau of Safety and Environmental Enforcement (BSEE) Director Brian Salerno on Monday announced that Shell received approval of one Application for Permit to Modify (APM) t
Shell Offshore has awarded transportation contract of the Appomattox Platform to COSCO Shipping Company Limited. According to its press release, COSCO signed a contract with Shell Offshore Inc. on July 6, 2015, for the transportation of the Appomattox semi-submersible offshore platform hull from Sou
Primeline Energy Holdings, an independent China focussed oil and gas exploration and production company, has entered into a turnkey drilling contract with China Oilfield Service Ltd. (COSL) for its 2015 exploration programme of two wells in Block 33/07 in the East China Sea. Primeline signed a lette
KrisEnergy Ltd., an independent upstream oil and gas company, has started oil production from the Wassana oil field in the G10/48 concession in the Gulf of Thailand. According to KrisEnergy, the production started Friday, August 14, 2015, which is 15 months after the company became the operator of t
Norwegian petroleum safety watchdog has completed its probe into a dropped object incident which happened on an offshore rig in March. The incident happened on North Atlantic Drilling’s West Venture semi-submersible drilling rig right before midnight on March 23, 2015, while the rig was working on t
The Petroleum Safety Authority Norway (PSA) has completed its investigation of an incident involving personal injury on the Transocean Barents on March 4, 2015 and identified several non-conformities from the regulations. The incident occurred on the Transocean-operated semi-submersible drilling rig
Oil prices fell to near six-year lows on Monday as Japan’s economy contracted and producers in the United States added drilling rigs for a fourth straight week despite a recent rout in prices.
Otto Energy has encountered hydrocarbons shows at its exploration well, offshore Palawan in the Philippines, but the volumes appear to be sub-commercial. According to a partner in the project, Red Emperor Resources, the exploration well named Hawkeye-1 was drilled to the planned total depth of 2,920
The Norwegian Petroleum Directorate (NPD) has issued a drilling permit to VNG Norge AS for a wildcat well in the Norwegian Sea. VNG will use the Transocean Arctic semi-submersible drilling rig for the 6406/12-4 A exploration well in the Production licence 586. The well will be drilled after drilling
Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website. According to the latest report, the U.S. offshore rig count has dropped when compared to last week’s count. BHI Rig Count: U.S. +0 to 884 rigs U.S. Rig Count is unchanged from last week at 884, with oil
The Gulf Coast Ecosystem Restoration Council this week released a draft with a priority list of restoration projects to be funded by the cash obtained from a settlement with Transocean, over the Deepwater Horizon oil spill in 2010. Using the money from the settlement with Transocean, which owned the
