Offshore drilling firm Shelf Drilling has agreed to sell a jack-up drilling rig to UAE-based ADNOC Drilling.
Masirah Oil has started drilling a second development well in the Yumna field located offshore Oman, using the Shelf Drilling-owned Tenacious jack-up rig.
Global demand for offshore helicopter transport to offshore facilities plunged in 2020 as a result of the Covid-19 pandemic, a Rystad Energy report shows.
UAE-based offshore oil rig builder Lamprell has been awarded a medium-sized contract by International Maritime Industries (IMI) for engineering design services.
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An analysis by Rystad Energy has revealed that one quarter of the global floater rig fleet could be scrapped as the Covid-19 pandemic accelerates restructuring in the offshore drilling market.
Offshore drilling contractor Shelf Drilling has received a suspension notice for one of its jack-up drilling rigs.
Northern Offshore’s drilling rig Energy Enticer has started drilling operations with Qatargas.
Offshore drilling contractor Vantage Drilling has secured more work for two of its rigs operating in Indonesia and Qatar.
Offshore drilling contractor Noble Corp. has won more work for some of its drilling rigs but has also seen its day rates slashed.
The worldwide offshore rig count in August 2020 dropped by 74 rigs year-over-year but is up 3 rigs sequentially, according to a report by Baker Hughes.
Qatari North Oil Company (NOC) has extended drilling contracts for a Japanese jack-up rig duo at the giant Al Shaheen offshore oil field in Qatar.
Shelf Drilling has seen a couple of its rig contracts suspended and one terminated early while another termination has been rescinded.
The COVID-19 pandemic has stymied oil and gas activity, a phenomenon which has now affected the drilling market both in terms of wells drilled and in terms of related demand for drilling equipment.
