Drill Rigs News

 

Transocean Lands 17 Well Deal in Norway

Sep 22, 2022

Austria's OMV and German operator Wintershall Dea have jointly contracted Transocean's Transocean Norge semisubmersible drilling rig for drilling 17 wells in Norway. The two firms also said they had entered into an exclusive partnership with Transocean for the use of Transocean Norge for drilling of all firm and additional potential wells in the period 2023 to 2027.Of the 17 wells, 11 will be operated wells for Wintershall Dea and six operated wells for OMV…

Tyra II Production Successfully Restarted

Mar 22, 2024

The Tyra Redevelopment Project (Tyra II) has restarted production. At plateau, the Tyra hub will produce 5.7 million cubic meters of gas and 22,000 barrels of condensate per day.TotalEnergies operates the Tyra field on behalf of Danish Underground Consortium…

Are North Sea Jack-Ups Set for Flat 2024?

Feb 21, 2024

Global jack-up marketed utilization has been on an upward trajectory since 2017, reaching its peak of 94% at the end of 2023. However, the outlook for the year ahead looks somewhat flat, though there is still time for new demand.The North Sea jack-up market has improved year-on-year since 2017…

The Rise of the Mighty Middle Eastern Jackup Market

Jun 16, 2023

It’s hard to believe that once upon a time the Middle Eastern jackup segment comprised of less than 60 units when today marketed supply sits just shy of three times that amount (180 unitsIt’s hard to believe that once upon a time the Middle…

Shell Books Stena Don for UK Drilling, P&A

Jul 29, 2022

Shell UK has signed a one year contract, with a year extension option, with Stena Drilling for the use of the Stena Don in the UK North Sea. The contract is due to start in Q2 2023 and will cover well activities, including a combination of plugging…

Baker Hughes Finds US Drillers Add Most O&G Rigs Since April

Jan 14, 2022

U.S. energy firms this week added the most oil and natural gas rigs in a week since April as rising oil prices prompt more drillers to return to the wellpad.The oil and gas rig count, an early indicator of future output, rose 13 to 601 in the week to Jan…

Market Report: 'Transformation' on the Horizon in the Offshore Rig Market

Aug 02, 2021

The offshore drilling rig market is showing remarkable signs of recovery despite having faced severe headwinds of late. Throw the “green” rig revolution and further consolidation into the mix, and the next few years could be a period of real transformation for the industry…

Current News

US Plans 12 Offshore Wind Auctions Over Five Years

US Plans 12 Offshore Wind Auct

Equinor Wraps Up Hammerfest LNG Leak Repair, Maintains Friday Restart

Equinor Wraps Up Hammerfest LN

Namibia Targets First Oil Production from Venus Field in 2029/2030

Namibia Targets First Oil Prod

Second HVDC Platform Installed at World’s Largest Offshore Wind Farm

Second HVDC Platform Installed

Subscribe for OE Digital E‑News

Offshore Engineer Magazine