Murphy Oil Corp. has elected to terminate the contract for the ultra-deepwater drillship Discoverer Deep Seas. The rig's contract was scheduled to end in November 2016. Transocean, which owns and operates the unit, says it will be compensated…
To collaborate on the localization of main equipment and materials for offshore plants, Hyundai Heavy Industries (HHI) has signed a memorandum of understanding with Doosan Heavy Industries and Construction (DHIC) and Center for Creative Economy and Innovation (CCEI) in Ulsan and Gyeongnam…
Songa Offshore is planning to cut up to 200 staff and shut its offices in Aberdeen and South Korea, the firm announced yesterday. The company said the US$30 million-saving move, which will see support functions centralized out of Norway…
Ocean Rig, a provider of offshore deepwater drilling services, has announced that on 31 January 2016, it has received a notice of breach of material obligations from Premier Oil under the drilling contract for the Eirik Raude. Ocean Rig is…
Aker Solutions' maintenance, modifications and operations (MMO) business in Norway secured two contracts for North Sea fields operated by ConocoPhillips. The company received a framework agreement for a fixed period of five years to become…
The Petroleum Safety Authority (PSA) Norway has completed its investigation into a hydrocarbon leak on the Statoil-operated Gudrun facility in the North Sea on 18 February 2015. The PSA’s investigation has identified serious breaches to the regulations…
ROVOP, a remotely operated vehicle (ROV) service provider, and WFS Technologies, a wireless instrumentation and control solutions developer, have announced a collaboration effort to reduce certain operating costs by up to 80% and extend asset life by years…
Lundin Malaysia commenced drilling of the Maligan exploration well in Block SB307/SB308, offshore East Malaysia. The Maligan prospect is in shallow water and lies to the north of a major producing field in offshore East Malaysia. The well will target hydrocarbons in Miocene aged sands…
Global offshore rig utilization dropped from 87% to 73% across 2015, to the lowest levels in 30 years, according to Clarksons Research. Global Jackup working utilization declined from 86% to 70%, down from a high of 95% in 2013, while…
Singapore-based Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has delivered Halul, a KFELS B Class jackup rig, to Gulf Drilling International (GDI) of Qatar. It was completed on 21 January 2016, 10 days ahead of schedule…
Suncor Energy's latest exploration well close to to the Balder field has been classified as dry by the Norwegian Petroleum Directorate. Exploration well 25/10-14 S was drilled on production license 571 near the Balder field offshore Norway…
JX Nippon Exploration and Production has agreed a deal to use Odfjell Drilling's semisubmersible Deepsea Stavanger to drill an exploration well west of Shetland on the UK Continental Shelf. Contract duration is estimated to be between 60 and 75 days and expected commencement is Q2 2016…
Seadrill has reached an agreement with Daewoo Shipbuilding & Marine Engineering shipyard in South Korea to defer the delivery of two ultra-deepwater drillships, the West Aquila and West Libra, until Q2 2018 and Q1 2019 respectively. Under the terms of the original construction contracts…
Total, the operator for production license 618 in the North Sea, has received consent from the Petroleum Safety Authority (PSA) of Norway, to drill exploration well 1/5-5 using Maersk Gallant. Maersk Gallant is a jackup drilling facility…
Subsidiary companies within the SapuraKencana Group have been awarded contracts and extensions with a combined value of approximately US$117 million (RM503 million). Image from SapuraKencana. SapuraKencana HL Sdn…