Offshore Shallow Water News


Seatrium's PPL Shipyard to Receive $714M Payment from Offshore Drilling Firm

Nov 07, 2023

Singapore's Seatrium said Tuesday its subsidiary PPL Shipyard would soon receive a payment of around 968 million Singaporean dollars (around USD 713,7 million) from offshore drilling company Borr Drilling.PPL Shipyard in October 2022 reached…

Equinor Makes Small But Commercial Gas Discovery in North Sea, Offshore Norway

Nov 06, 2023

Norwegian oil and gas firm Equinor has discovered gas in the license containing the Gina Krog field in the North Sea, offshore Norway.'The discovery is small, but gas production can start as early as 2023,' Equinor said.The recoverable volumes…

BW Energy Strikes Oil Offshore Gabon

Nov 06, 2023

Oil and gas company BW Energy said Monday that its DHBSM-1 appraisal well has encountered commercial volumes of oil in the Hibiscus South satellite prospect, offshore Gabon.The company said it planned to return to the well to complete it as a production well in early 2024…

Shelf Drilling Secures $93 Million Contracts for Jack-up Rig Duo in Nigeria

Oct 03, 2023

Shelf Drilling said Tuesday it had secured contracts for the Adriatic I and the Shelf Drilling Mentor jack-up rigs for operations offshore Nigeria for firm durations of 16 months and 8 months, respectively. The combined estimated contract value for the two rigs is approximately USD 93 million…

Shelf Drilling Wins $18M Extension for North Sea Jack-up Rig

Oct 02, 2023

Offshore drilling firm Shelf Drilling has secured a two-well contract extension for the Shelf Drilling Fortress jack-up rig. The rig is on a contract with China's CNOOC, operating in the UK North Sea, at the Golden Eagle offshore oil field.The…

COSL to Buy Four New Jack-Up Drilling Rigs for $445M

Sep 22, 2023

China-based offshore drilling contractor China Oilfield Services Limited (COSL) said this week it had agreed to buy four jack-up drilling rigs from Dalian Shipbuilding Offshore.COSL's subsidiaries have agreed to buy four JU2000E jack-up drilling rigs at a total contract price of RMB3…

TotalEnergies Hires Jack-up Rig for Fénix Project Drilling in Argentina

Sep 19, 2023

Offshore drilling company Noble Corp. said Tuesday it had won a contract with TotalEnergies, to redeploy the harsh-environment jackup rig Noble Regina Allen for the drilling of three horizontal wells at the Fénix project in southern Argentina…

What Lies Ahead for Idle North Sea Jack-up Rigs?

Sep 14, 2023

The North Sea jack-up rig market has been out of the limelight lately, overshadowed by increased contracting activity in the semi-submersible rig market, resulting in the departure of some of these units from the region. As the North Sea outlook remains soft…

Valaris Secures $65 Million in New Offshore Drilling Contracts

Sep 11, 2023

Offshore drilling company on Monday announced new drilling contracts worth $65 million in total, excluding lump sum payments such as mobilization fees and capital reimbursements.These contracts were awarded after the company issued its most recent fleet status report on August 1…

Refurbished Jack-Up Rig Starts Work in U.S. Gulf of Mexico

Sep 08, 2023

Gulf of Mexico-focused oil and gas exploration firm Arena Energy and drilling contractor White Fleet Drilling recently christened and mobilized a refurbished jack-up drilling rig in the U.S. Gulf of Mexico. White Fleet, Arena's strategic partner…

Jadestone Energy Chooses Velesto Drilling Rig for East Belumunt Offshore Drilling Campaign

Aug 16, 2023

Malaysian drilling contractor Velesto Drilling revealed Wednesday it had secured an offshore drilling rig contract with Jadestone Energy. Under the contract, Velesto Drilling is providing a jack-up drilling rig for the East Belumunt field infill drilling program…

Shelf Drilling Wins $17M Contract for Offshore Drilling Rig in UK North Sea

Aug 02, 2023

Offshore drilling company Shelf Drilling has won a contract for the Shelf Drilling Fortress jack-up drilling rig with a European subsidiary of the Chinese oil company CNOOC in the UK North Sea.Under the contract, the rig, owned by Shelf Drilling's subsidiary Shelf Drilling North Sea…

Kistos Wins Appeal, Secures 5-Year Extension for North Sea License

Jul 21, 2023

Oil and gas company Kistos said Friday that its appeal against the Netherlands Ministry of Economic Affairs' decision not to extend the term of the M10/M11 offshore license had been successful.'This ruling is effective immediately and the licence is extended by five years…

Hibiscus/Ruche Phase 1 Development on Track: BW Energy's Third Well Brought Online

Jul 20, 2023

Oslo-listed oil and gas company BW Energy has started production from the third well of the Hibiscus / Ruche Phase 1 development in the Dussafu license offshore Gabon.'Well performance is in line with expectations, with current production at approximately 6…

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