Barge Rigs News

 

New shipyard opens in Sharjah

Jan 16, 2014

Albwardy Marine Engineering opened the Damen Shipyards Sharjah FZE (DSS) in the Sharjah Hamryah Free Zone on 13 Jan 2014. In a joint venture between the Damen Shipyards Group and Albwardy Marine Engineering, the core activities at DSS will…

Rig refurbishment renaissance

Jan 08, 2014

Rising requirements for rigs in the Middle East is increasing competition for jackup refurbishment and conversion. Elaine Maslin reports. About quarter of the world’s 480-strong jackup drilling rig fleet resides in the Persian Gulf and…

Baker Hughes: offshore rig count 3 Jan

Jan 03, 2014

Baker Hughes Inc. rotary rig count shows 61 rigs active offshore US for the last two weeks, up 10 rigs from a year ago (19.6% year-over-year increase). This includes 55 rigs working off Louisiana (up from 47 a year ago), 2 rigs off Texas (up from 1 rig)…

HitecVision takes stake in Energy Drilling

Nov 14, 2013

Norwegian private equity group HitecVision AS is to invest US$92.6million in Singapore-based Energy Drilling Pte Ltd.  The deal will see Hitecvision take a majority stake in the company and it will ensure delivery of Energy Drilling Pte…

Shallow water subsea systems improve NPV

Oct 16, 2013

Shallow water subsea systems can be an ideal solution for improving marginal field net present value. Jerry Streeter, Field Development Manager, for FMC Technologies, Inc., explains. Very little has been published recently on shallow…

Growing the Caspian’s small rig market

Oct 12, 2013

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…

Bulgaria well boost for Petroceltic

Sep 16, 2013

Petroceltic International has announced the successful tie-back of a new production well on the Kaliakra gas field, offshore Bulgaria. The well was completed with a subsea wellhead and connected to the existing Kaliakra pipeline for export via the Galata platform…

COSCO updates newbuild activity

Aug 02, 2013

COSCO Corp. Ltd. has been active completing vessels and signing new construction contracts. The company announced that COSCO (Qidong) Shipyard Co., Ltd has delivered the jackup barge, IB914, and the transportation barge, IB924, to an Australian company…

Relief well planned for leaking GOM well

Jul 24, 2013

The US Bureau of Safety and Environmental Enforcement (BSEE) approved Walter Oil & Gas Corp.’s permit application to drill a relief well at South Timbalier 220 in the US Gulf of Mexico, using the Rowan EXL-3 jack-up rig. The well is expected to be drilled on Thursday…

Decommissioning—a view from the Southern North Sea conference

May 20, 2013

Innovating and being willing to do things differently could help save in excess of £100million of the cost of decommissioning its southern North Sea assets, says Anglo-French independent Perenco. But there is still plenty of scope for improvement…

Hercules to divest inland fleet

May 20, 2013

Hercules Offshore, Inc. announced that it has entered into an agreement for the sale of eleven inland barge rigs, which includes three active rigs, eight cold stacked rigs, and related assets ('Inland Asset Package') for cash proceeds of approximately $45 million…

Rig Market Review

Apr 14, 2013

The global rig market is strong, with high utilization, high day rates, and nearly 200 offshore drilling rigs under construction. Drilling contractors are changing their fleet makeup, modernizing, streamlining, and concentrating on market sectors…

Stone secures Ensco rig for Cardona

Apr 08, 2013

Stone Energy Corp. hired an ENSCO drilling rig for its Cardona program at Mississippi Canyon block 29, the company announced on April 8, 2013.an ENSCO 8500 series drilling rigThe Ensco 8500 series dynamically-positioned deepwater drilling rig…

Shelf acquires Transocean rigs

Dec 03, 2012

Four Friede & Goldman L-780-Mod II jack-ups were sold to Shelf Drilling by TransoceanShelf closes $1.05 B jack-up rigs acquisitionTransocean has completed the sale of 38 shallow water rigs to newcomer Shelf Drilling for $1.05 billion, the company announced on 30 November 2012…

Asian players land bigger fish

Mar 01, 2012

The mix of orders for all categories of drillings rigs continues, with Asia Pacific and Middle East shipyards and their overseas affiliates indicating a marked drift away from jackups and towards ever larger semisubmersibles and ultra-deepwater drillships…

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