The COSLGift, an independent leg cantilever jackup rig, has been delivered, and is enroute to Southeast Asia, China Oilfield Services Ltd. (COSL) announced. COSL acquired the COSLGift and its sister rig COSLHunter (pictured) in August 2013…
Maersk Drilling has signed a contract with Premier Oil Norge AS for the jackup Maersk Guardian for a one well drilling operation, the Myrhauk exploration well, in the Norwegian North Sea. The duration of the contract is approximately 62 days…
The Caspian Sea is a land-locked interior basin with established oil and gas production that has seen increasing activity since the bordering nations gained independence from the former USSR in the late 1990s. Five nations surround the sea: Russia…
Noble Corporation has announced plans to spin off its standard specification drilling units into a new separate company. The new company will own and operate standard specification drilling units from the Noble fleet, with the new company focusing on high-specification assets…
Hamilton, Bermuda-based Seadrill Ltd. has entered into contracts to build two high-specification, jackup drilling rigs at Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore) in China. The rigs are scheduled for delivery during Q2 and Q3 2016…
The International Association of Drilling Contractors (IADC) North Sea Chapter Safety Awards celebrated its member companies for safety performance in 2012. Northern Offshore and Ensco won in the jackups category while Noble Drilling and Stena Drilling were acknowledged for semisubmersibles…
Pemex wants to grow— but needs the technology and resources to do it. Elaine Maslin reports from Offshore Technology Conference. Mexico has ambitious plans for its offshore exploration and production sector. Carlos Morales Gil, general director of Pemex E&P…
Maersk Drilling received a contract extension for its newbuild ultra-harsh environment jackup XL Enhanced 2 from Det norske oljeselskap ASA. The two-year extension allows the jackup to service the Ivar Aasen project for a total of five years…
Dubai-based Shelf Drilling acquired 38 shallow-water drilling rigs after completing a US$1.05 billion sale with Transocean. Shelf Drilling is also expected to pick up as many as 3500 employees from the deal. Shelf Drilling will take control of seven rigs immediately…
Rising day rates and demand for drilling in deepwater environments are helping the offshore drilling sector recover from not just the global economic gloom of recent years but also the post-Macondo drilling moratorium in the US. According to…
Despite a brief interruption post-Macondo, the rig newbuilding boom that started in 2005 is gathering momentum. Jennifer Pallanich talks to IHS about the latest trends in the drilling contractor market.One of the trends that Tom Kellock, Houston's head of consulting for IHS Petrodata…
Utilization trends for the worldwide mobile offshore drilling fleet are slightly depressed of late. Overall utilization dipped to an average of 69% last month. Global utilization rates for semis are 78%, below the average for the prior six month period of 82%…
Worldwide utilization for the mobile offshore drilling fleet averaged 72% over the last month. Of late the global utilization rates for semisubmersibles have held steady at approximately 83% while rates for drillships have bounced around the mid-to-low 80% range…
OE 's analysis of current rig market data is updated monthly using statistics provided by Rigzone.comWorldwide utilization for the mobile offshore drilling fleet is tracking at 76%, near the top of a 74%-76% band that it has traversed over the past 11 months…
OE ’s analysis of current rig market data is updated monthly using statistics provided by Rigzone.comUtilization for the worldwide mobile offshore drilling fleet continues to track in the 74-75% range, about 7% below year ago levels. Global…