Offshore Rigs News - page 3


Aker BP to Lower North Sea Discovery Size Estimate after Appraisal Well Disappoints

Sep 01, 2021

Aker BP is set to lower the size estimate of the 2019-made Liatårnet discovery in the Norwegian part of the North Sea, after the related appraisal well hit lower than expected hydrocarbon volumes.The company said that pending further analysis…

Borr Drilling Secures Contracts for Rig Duo in W. Africa

Aug 31, 2021

Shallow water drilling contractor Borr Drilling said Tuesday it had recently secured awards for two offshore rigs in West Africa.'In late August 2021, the company entered into two LOA/LOIs which have previously not been announced for two rigs…

Third Time's a Charm? ExxonMobil Spuds Sapote-1 Well in Canje Block, Offshore Guyana

Aug 30, 2021

U.S. oil major ExxonMobil has spudded the Sapote-1 well on the Canje Block, offshore Guyana. This is the company's third well in the block drilled this year. The first two wells, Bulletwood-1 and Jabillo-1, failed to find evidence of commercial hydrocarbons…

Prosafe Has to Pay $53M to Westcon for Rig Conversion. Court Dismisses Appeal

Aug 27, 2021

Prosafe, an Oslo-listed offshore accommodation rig provider, has to pay around $53 million to Westcon yard as its appeal over an April court ruling related to a dispute concerning the conversion of one of its flotels was dismissed.Stavanger…

ADES to Buy Four Noble Corp. Jack-up Rigs with Saudi Aramco Contracts

Aug 26, 2021

Offshore drilling firm Noble Corporation will sell four jack-up drilling rigs to drilling company ADES for $292 million. Noble Corp, which recently acquired Pacific Drilling, expects to generate around $285 million in cash from the ADES transaction net of fees…

Spirit Energy Finds More Gas at Grove Field, Extending its Life Until At Least 2028

Aug 26, 2021

UK-based oil and gas company Spirit Energy has said it has discovered more gas at its Grove field in the UK North Sea,  close to the UK–Netherlands median line.The Grove North East development well (49/10a-G7) encountered carboniferous reservoir units at the target depth…

PSA Norway Issues Order to Dolphin Drilling after Regulatory Breaches Found on Rig

Aug 26, 2021

The Norwegian offshore oil and gas safety body Petroleum Safety Authority Norway has identified breaches of regulations aboard Dolphin Drilling's Borgland Dolphin drilling rig and has issued the rig owner with a notification of order.The PSA…

Transocean Wins Firm Contract for 8th Gen Ultra-deepwater Drillship

Aug 26, 2021

Deepwater drilling contractor Transocean has secured a $252 million firm contract at the Shenandoah field in the U.S. Gulf of Mexico for its newbuild ultra-deepwater drillship, the Deepwater Atlas, including a mobilization fee of $30 million…

Odfjell Drilling Swings to 2Q Profit. Backlog Increased to $2.4B

Aug 26, 2021

Norwegian harsh environment offshore drilling company Odfjell Drilling swung to profit in the second quarter of the year, with a reported net profit of $27 million, compared to a loss of $6 million in 2Q 2020.Odfjell Drilling's operating revenue grew to $233 million…

Digitalization, Remote Monitoring Makes Offshore Drilling Rigs More Vulnerable to Cyber Attacks

Aug 26, 2021

Digitalization and remote monitoring have in the past years been hailed as the next big thing in the offshore oil and gas industry. However, these advancements have made offshore drilling rigs more vulnerable to cyber-attacks, potentially resulting in serious process safety incidents…

CGX, Frontera Spud Kawa-1 Well Offshore Guyana

Aug 23, 2021

Canadian-based firm Frontera Energy and CGX Energy have started drilling at the Kawa-1 exploration well, offshore Guyana, using Maersk Drilling's Maersk Discoverer semi-submersible drilling rig. Also, the firms have exercised the option to drill a second well with the rig…

TotalEnergies Extends Maersk Drilling Rig Charter in Suriname

Aug 20, 2021

French energy giant TotalEnergies has exercised an option for the extended use of one of Maersk Drilling's offshore drilling rigs in Suriname.TotalEnergies, which became the operator of the prolific Block 58 in January where it has in the past year with partner Apache struck several oil discoveries…

Norway: Neptune Energy Secures Approval for North Sea Well Drilling

Aug 19, 2021

Neptune Energy has received regulatory approval to drill a wildcat well in the North Sea, offshore Norway.Neptune will drill the well 33/6-5 S using the Deepsea Yantai drilling rig after it completes the drilling of development wells in production licence 636…

Harbour Energy Books Maersk Drilling Jack-Up for 3-well Campaign in UK North Sea

Aug 19, 2021

UK-based oil and gas company Harbour Energy has hired Maersk Drilling's jack-up rig Mærsk Innovator to drill three subsea development wells in Block 28/9, near the Catcher field, on the UK Continental Shelf. The nine-month contract, which will see the rig reactivated…

Northern Drilling Cancels Drillship Order with DSME. Seeks $90M+ Refund

Aug 18, 2021

Billionaire John Fredriksen-owned offshore drilling company Northern Drilling said Tuesday it had canceled a drillship resale contract with the South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME).In May 2018, Northern Drilling…

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