Singapore's Keppel Corp. Offshore & Marine division posted a profit for the full year 2019 citing cost cuts and lower impairment costs.For the full year, Keppel O&M posted a net profit of S$10 million, a significant increase compared to a loss of S$109 in 2018…
Norway’s bevy of oilfield supplier had a terrific day on the stock market Thursday, the first day back from holiday riding a buoyant oil price and news Chinese and Norwegian orders for oilfield items was on-again.Drilling contractor Seadrill led the pack…
With the oil price tracking a course that’s keeping nearly every oilfield viable, operators in the second half of 2019 are drilling a bevy of exploration and production wells that’s just lifting rig futures.Paradoxically, oil companies drill…
A newly created online assessment tool aims to help drilling employers reinforce the competency of roustabouts.Developed as part of the OPITO Skills Screening online tool, a comprehensive question bank has been created by the International Association…
Xervo by SH Group, the producer of the approved conventional NORSOK lifeboat systems, The Boat-In-A-Box davit system, said it has signed a contract for the first option with Awilco Drilling. Like the first order, the option includes the delivery…
Although Norway’s offshore segments took a pounding in share-price value on Monday — with every segment incurring losses — the consensus here is that fundamentals offshore are good, and a combination of general uncertainty and specific contract losses are what rocked investors starting their week…
Singaporean builder Keppel FELS has awarded Norway's TMC Compressors of the Seas (TMC) a contract to deliver an energy-saving marine compressed air system to the first mid-water semi-submersible drilling rig the yard is building for Awilco Drilling…
Fully-automated drilling aboard a semisubmersible or jack-up drill rig powered by batteries has just become a reality. As May 2019 got underway, new, modern rigs were being ordered on more exploration, and no fewer than eight modern rigs — seven…
A new, state-of-the-art semi-submersible drilling rig being built by Keppel Offshore & Marine for Awilco Drilling will feature an integrated equipment suite from Kongsberg Maritime.Kongsberg said the milestone order from Keppel is its first…
Shell UK is to extend its contract for use of Aberdeen-headquartered driller Awilco Drilling's WillPhoenix semisubmersible drilling rig for decommissioning operations in the UK North Sea. Shell UK, which already has the rig on contract, has…
MHWirth, a company owned by Akastor, has signed a contract with Keppel FELS for delivery of one drilling equipment package for a new mid-water semi-submersible drilling rig. This is the first out of three options that were given when Keppel…
Singaporean conglomerate Keppel Corporation’s subsidiary Keppel FELS has finalised and entered into a rig construction contract with UK drilling oil and gas wells firm Awilco Drilling for the construction of a repeat drilling rig worth approximately USD425mln…
UK-based drilling contractor Awilco Drilling announced that tha appointment of Jens Berge as Chief Executive Officer (CEO) of the company. Berge will succeed Jon Oliver Bryce.'The Board would like to thank Jon Oliver Bryce for his nine years as Awilco Drilling's CEO…
UK based Awilco Drilling has exercised an option to have a second mid-water semisubmersible drilling rig built by Singapore's Keppel Offshore & Marine, the builder announced on Friday.The option, which Keppel said is worth about $425 million…
The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for a wildcat well in the North Sea.The NPD said on Tuesday that the wildcat well, designated 16/1-31 S, would be drilled from the Leiv Eiriksson drilling…
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