Offshore driller Rowan Companies has informed that ARO Drilling, a 50/50 joint venture with Saudi Aramco, started operations on October 17, 2017. The two companies announced an agreement to create the 50/50 joint venture to own, operate, and manage offshore drilling rigs in Saudi Arabia back in Nove
UAE’s Drydocks World has won the “Rig Repair Yard of the Year Award” at the 3rd Offshore Achievement Awards ceremony held in Dubai. The third edition of the Offshore Achievement Awards for the jack-up rig and liftboat industry took place on October 9, 2017, during the annual Offshore Jack-Up Middle
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Offshore driller Noble Corporation has been awarded new deals for two of its drilling rigs. Noble reported on Thursday in its latest fleet status report that the 2013-built drillship Noble Bob Douglas was awarded a contract with an undisclosed operator in the Gulf of Mexico. The contract for the Gus
Japan Drilling has found work for another jack-up rig with the North Oil Company on the giant Al Shaheen oil field offshore Qatar. This will be a second rig deal awarded to Japan Drilling on the Al Shaheen field after the Hakuryu 12 jack-up was awarded a two-year firm deal with the NOC in early June
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The international offshore rig count in September 2017 dropped by 31 unit year-over-year, according to a Friday report by Baker Hughes, a GE company. The international offshore rig count for September 2017 was 190, down 11 from the 201 counted in August 2017, and down 31 from the 221 counted in Sept
Gazprom’s subsidiary, Gazprom Neft has signed a memorandum of cooperation with Saudi Aramco, the national oil company of Saudi Arabia, to extend their partnership in oil and gas industry. Gazprom said on Thursday that the cooperation between the two companies envisaged collaboration in various areas
Russian president Vladimir Putin is not ruling out a possible further extension of the agreement between OPEC and Non-Opec nations to cut oil production once the deal expires in March 2018. In a speech on Wednesday, during the Russian Energy Week event, Putin said that the deal Russia, other countri
By: David Carter Shinn High rig utilization isn’t just a dream. It’s a requirement for a meaningful recovery in dayrates. When utilization in the offshore rig market reaches around 85%, dayrates start to rise significantly. As utilization moves from 60%, for example, up toward over 80%, dayrates inc
Jan De Nul Group’s preparations for the subsea cable laying work for ADMA-OPCO’s Nasr Full Field Development Package 2 Project off the coast of Abu Dhabi are in full swing. The service provider for the offshore and maritime industries was awarded the project last December by Hyundai Heavy Industries
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Noble Energy has restarted gas production from the Tamar gas field offshore Israel following last week’s shutdown. As previously reported, Noble Energy had discovered a crack on a pipe aboard the Tamar gas platform in the Mediterranean. The exhaust pipe in question is used to release natural gas and
Albwardy Damen is set to deliver the new fast crew supplier Damen FCS 4008, named AMPI, to Dubai-based Marine Core & Charter LLC. The AMPI is the first of two identical vessels for the same client, who is an integrated offshore support and marine services company that manages and operates a wide ran
