The challenges of 2020 have made their mark on offshore rig values but have they reached the trough? Bassoe's Hans Hagelberg takes a deeper look.It may be the understatement of the decade, but the offshore rig market has had a pretty bad year…
Dutch offshore services company Fugro has said it has won a contract with Malaysia's Petronas, to provide positioning services for Petronas' exploration program offshore Suriname.The news comes just days after Petronas said it had discovered hydrocarbons in its Block 52…
Offshore drilling company Dolphin Drilling said Tuesday that its Blackford Dolphin semi-submersible drilling rig had completed inspection and started a contract with Pemex in Mexico.'We are delighted to announce that on Thursday, 3rd December 2020…
Awilco Drilling said Tuesday its WilPhoenix offshore drilling rig - on contract with Serica in the North Sea - had incurred technical downtime in November, and is currently on a zero day rate.'The WilPhoenix incurred technical downtime on Monday…
Malaysian oil and gas company Petronas has made its first offshore discovery offshore Suriname.The company, as the operator of Block 52, said Friday the hydrocarbon discovery had been made while drilling the Sloanea-1 exploration well in the offshore block…
Environmental activists are seeking to prevent Bahamas Petroleum Company from drilling its Perseverance #1 well offshore the Bahamas, just days ahead of the expected spud date.As previously reported, Bahamas Petroleum Company has hired Stena…
French oil major Total in October struck its second significant discovery offshore South Africa, at the Luiperd-1X well.Luiperd well was drilled to a total depth of about 3,400 meters and encountered 73 meters of net gas condensate pay in well-developed good quality Lower Cretaceous reservoirs…
Norwegia oil and gas firm Equinor has drilled a dry well near the Tordis field in the North Sea offshore Norway.Equinor, using the Deep Sea Atlantic drilling rig, has completed the drilling of the wildcat well 34/7-37 S in the production license…
Austrian oil and gas company OMV has chartered a Maersk Drilling jack-up drilling rig to drill an exploration well offshore Norway.Maersk Drilling said that OMV would use its jack-up rig Maersk Integrator to drill one exploration well in the…
Singapore-based offshore drilling rig builder Keppel has terminated a construction contract with Awilco Drilling for the Nordic Spring semi-submersible drilling rig and served Awilco with a notice of arbitration.Awilco, a UK North Sea focused driller…
Norwegian energy company Equinor has drilled a dry well at the Spissa prospect in the Barents Sea, the Norwegian Petroleum Directorate said Friday.The exploration well, formally named 7018/5-1, was drilled around 100 kilometers southwest of the Snøhvit field…
Malaysian offshore drilling company Sapura Drilling has informed that its Sapura Berani semi-submersible self-erecting tender-assist drilling rig is on its way to Congo to start a drilling contract.In a social media post on Tuesday, Sapura Drilling…
Seadrill Partners LLC said on Tuesday it had filed for Chapter 11 bankruptcy protection as a means to restructure its debt, in another sign of financial difficulties for the wider Seadrill Ltd oil drilling rig group.'The company intends to use the bankruptcy process to ensure that all customer…
Borr Drilling, a Norwegian contractor of shallow-water drilling rigs, warned on Monday that the company continued to face a “very challenging” financial situation after reporting $61.9 million in net loss for the third quarter.The company said…
Bahamas Petroleum Company (BPC), an oil and gas firm which is gearing up to spud its first well offshore the Bahamas next month, has raised the cost estimates for the drilling operation, citing COVID-19 mitigation measures.As previously reported…