Fractured basement explorer Hurricane Energy has successfully completed the testing phase of its horizontal appraisal well in the Lancaster fractured basement oil discovery West of Shetland. The well will be suspended as a future producer…
Maersk Drilling has again warned about a slowdown in the deepwater market, but says it still has a positive long term view on the deepwater market. The company is investing $US5.2 billion in eight new rigs, which are being delivered between 2014 and 2016…
Rig operator Ensco plc has ordered two new jackup drilling rigs from Dubai-based Lamprell, and has options for two additional units, exercisable within six months from the effective date of the contract. The inititial contract is for two high-specification…
Middle East rig builder Lamprell has moved into the black, posting a profit. But, the firm warned that recent new order intake means 2014 and 2015 revenues could be lower than expected. The Dubai-based firm, which initiated a strategic review and appointed a new CEO and CFO last year…
Seadrill Ltd. has finalized contracts for four jackup drilling rigs for use by Mexico's national oil company Pemex Exploracion y Produccion, with a fifth due to be agreed in 2Q. The contracts are for the jackup drilling units West Oberon…
Ensco plc announced the sale of its two remaining cold-stacked jackup rigs for US$33 million. The net value of the two rigs, ENSCO 69 and Wisconsin, both built in 1976, was approximately $9 million. The pre-tax gain on the sale is approximately $24 million…
Singapore-based Keppel FELS Ltd. has delivered ARABDRILL 60, a KFELS B Class jackup rig, to Arabian Drilling Co. (ADC), five days ahead of schedule, on budget, and with a perfect safety record. This marks the 21st newbuild offshore rig that Keppel FELS has delivered in 2013…
BP announced that it increased its fleet on Tuesday, announcing that it added two drilling rigs to the deepwater Gulf of Mexico (GOM). BP’s count now stands at nine rigs - a company record. Following the end of its year-long moratorium imposed in 2010…
Keppel FELS Limited (Keppel FELS) has won a US$1.1 billioncontract from Transocean Ltd. (Transocean) to build five KFELS Super B Class jackup rigs. The rigs are scheduled to be delivered between Q1 2016 to Q3 2017. In addition, Transocean…
“Establishing a successful rig consortium is a roller-coaster process”, Geir Kristian Pedersen, managing director of Rig Management Norway (RMG), said at the keynote session Planning for Long Term Drilling yesterday. Key factors in building a consortia are being co-operative…
One person is missing and another six were injured following the sinking of Saipem's Perro Negro 6 jackup rig off the coast of Angola. The incident began Monday night (July 1) following the collapse of seabed underneath one of the Perro Negro 6's three legs…
First production has begun at the CNOOC-operated Beibu Gulf Project in the South China Sea, announced partner Roc Oil on 21 March 2012.Roc said production from two development wells, A5H and A2 on the WZ 6-12 wellhead platform, follows the successful installation…
Statoil and co-venturer ExxonMobil are pleased to announce their third high impact discovery in Block 2 offshore Tanzania in a year.The discovery of 4-6 TCF of natural gas in place in the Tangawizi-1 well brings the total in-place volumes up to 15-17 TCF…
Petrobras cancels rig contract with Ocean Rig Petrobras has cancelled a leasing contract with Ocean Rig, the Brasilian NOC announced on 29 November 2012.Petrobras had announced in February that it planned to lease five drilling rigs…
The AP Moller-Maersk Group's Maersk Drilling has signed a contract with the Keppel Fels yard in Singapore for the construction of two ultra-harsh environment, high-capacity jackup drilling rigs. The new rigs are targeting operations in water…