Drilling Rigs News

 

Transocean Secures $172 Million Offshore Drilling Contract Extension in Norway

Jul 05, 2023

Offshore drilling contractor Transocean Ltd. said Wednesday that six one-well options had been exercised for the Transocean Encourage semi-submersible drilling rig in Norway. While Transocean did not specify who the client was, the harsh-environment…

Oil Giants Drill Deep as Profits Trump Climate Concerns

Jul 03, 2023

Oil and gas companies have intensified the hunt for new deposits in a long-term bet on demand, as they reinvest some of the record profits from the fossil fuel price surge driven by the Ukraine war, according to data and industry executives…

Aker BP, OMV Get OK for North Sea and Norwegian Sea Drilling Projects

Jun 30, 2023

The Petroleum Safety Authority (PSA) said Friday it had granted Aker BP and OMV consents for drilling projects in the North Sea and the Norwegian Sea, respectively.Aker BP has received consent to conduct exploration drilling in block 25/2 of the North Sea in Production license 442…

Norway: Offshore Drilling Firms, Unions Agree Wage Deal, Averting Strike Action

Jun 29, 2023

Three Norwegian labour unions have agreed to a wage deal with the owners of floating offshore oil drilling rigs, preventing the outbreak of strike action that would have disrupted exploration, the unions said late on Wednesday. The deal between…

Transocean Secures 16-Well Contract for Transocean Equinox Rig in Australia

Jun 29, 2023

Offshore drilling contractor Transocean has secured a 16-well contract for the Transocean Equinox semi-submersible drilling rig in Australia for a consortium of four operators. The 380-day campaign contributes approximately $184 million in backlog…

ModuSpec to Help Reactivate Stranded Newbuild Jack-up Rig for Latin America Contract

Jun 28, 2023

Offshore drilling rig service and inspection firm ModuSpec has won a contract to support the intake of a stranded new-build jack-up drilling rig.The jack-up was originally constructed in 2020 in Singapore and has remained stranded in the construction…

Northern Ocean's 'Deepsea Mira' Starts 300-Day Drilling Contract with TotalEnergies in Namibia

Jun 28, 2023

Offshore drilling rig owner Northern Ocean said Wednesday that its Deepsea Mira semi-submersible drilling rig had kicked off its drilling contract with TotalEnergies in Namibia, where the French oil major last year made a giant oil discovery with its Venus-1x well…

CGX Energy, Frontera Strike Oil at Wei-1 Well Offshore Guyana

Jun 28, 2023

Guyana-focused oil and gas companies CGX Energy and Frontera Energy Corporation said Wednesday they had discovered oil at the Wei-1 well, on the Corentyne block, approximately 200 kilometers offshore from Georgetown, Guyana. 'The Joint Venture…

Norway Offshore Drilling Firms Start Wage Mediation with Unions

Jun 28, 2023

Owners of floating offshore oil drilling rigs on Wednesday began a final round of wage talks with three Norwegian labor unions in a bid to prevent the outbreak of strike action that could disrupt exploration, but not production, negotiators said…

Saipem Secures $550 Million Worth of Offshore Drilling Contracts

Jun 27, 2023

Italian offshore services firm Saipem has won two offshore drilling contracts, one in the Middle East and one in the Mediterranean Sea, worth about $550 million in total.In the Middle East, Saipem said it had ensured the continuity of the ongoing…

ADNOC Drilling Secures $2 Billion in Contracts for Five Jack-up Rigs

Jun 26, 2023

ADNOC Drilling on Friday confirmed the award of five 10-year contracts, totaling approximately $2 billion for jack-up rigs in support of ADNOC Offshore’s growing drilling operations. 'The contractual conditions, particularly the duration, were…

Seadrill in Talks to Sell Jack-up Rig Trio in Qatar

Jun 26, 2023

Offshore drilling firm Seadrill said Monday it was in active discussions to sell jack-up rigs West Castor, West Telesto, and West Tucana.The three jack-ups which are bareboat chartered by Seadrill to Gulfdrill, a 50:50 joint venture between Seadrill and Gulf Drilling International…

BW Energy: New Well Adds 6,000 Barrels Per Day at Offshore Field in Gabon

Jun 15, 2023

Oil and gas company BW Energy said Thursday that production had started from second well of the Hibiscus / Ruche Phase 1 development in the Dussafu licence offshore Gabon. 'Production performance from the well has been in line with expectations and is currently stabilized at approximately 6…

Indian Oil Firm Moves 36 Offshore Drilling Rigs Ahead of Monsoon Season

Jun 13, 2023

India’s Oil and Natural Gas Corporation (ONGC) has recently moved 36 offshore drilling rigs to new locations in advance of the monsoon season, with assistance from ABL.'ABL have assisted as tow master and marine warranty service (MWS) provider on the rig moves…

'Encouraging' Drilling Result Offshore Guyana as Frontera, CGX Wei Well Reaches Total Depth

Jun 13, 2023

Frontera Energy Corporation, in partnership with CGX Energy, said Tuesday it had reached total depth (TD) of 20,450' on the Wei-1 bypass exploration and appraisal well (Wei-1BP1), offshore Guyana.The original Wei-1 wellbore reached a depth of 19…

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