Offshore Rigs News - page 72

 

Rystad: Rig work on decline in 2017

Nov 07, 2016

As the industry heads into the third year of the downturn, market fundamentals for the deepwater segment continue to fight strong headwinds, Rystad Energy says. But, is 2018 the light at the end of the tunnel for the floating rig market? Utilization…

Nexen eyeing Buzzard phase 2

Nov 02, 2016

The UK business of CNOOC-owned Nexen Petroleum is planning two high-pressure, high-temperature (HPHT) exploration wells in the North Sea, with at least one in 2017, and assessing a phase 2 of its massive Buzzard development.  Presenting…

Quadrant moves to Phoenix South-2

Oct 25, 2016

Quadrant Energy’s Phoenix South-2 (PS-2) well is expected to commence in the next seven days to appraise the Phoenix South-1 oil discovery in the Barret Sandstone and evaluate the deeper Caley Sandstone, akin to the Roc field, for gas and condensate…

40% reductions in new project costs

Oct 10, 2016

Without higher oil prices, many new projects are thought to be uneconomic. Or are they? Douglas-Westwood recently reviewed more than 250 upstream capital projects sanctioned in the last four years to assess how industry costs are moving…

Transocean Winner loaded onto Hawk

Oct 07, 2016

The Transocean Winner has been loaded onto the Hawk semisubmersible heavy lift ship, and is preparing for its journey to Turkey, according to the UK’s Maritime & Coastguard Agency (MCA). The Transocean Winner…

Beleaguered rig readies for latest move attempt

Oct 05, 2016

UK authorities are hopeful that they may finally have a weather window to move the Transocean Winner semisubmersible rig. With just days to go before the heavy transport vessel due to move it is due to come off contract, contingencies are already being assessed…

NADL newbuild delayed again

Oct 04, 2016

North Atlantic Drilling (NADL) entered an amendment agreement with Jurong Shipyard that will extend the delivery deferral period of the West Rigel semisubmersible to 6 January 2017. The extension allows the parties to continue to explore commercial opportunities for the unit…

New Lamprell CEO starts job

Oct 03, 2016

Dubai-based rig builder and engineering firm Lamprell's new CEO Christopher McDonald has taken up his role as firm enters 'challenging period.'  James Moffat, who has been in the role of CEO since March 2013, has stepped down but will…

Lamprell delivers rig, wins floatel contract

Sep 30, 2016

Rig builder and engineering firm Lamprell delivered its latest newbuild jackup and won a new contract.  The new US$90 million contract award, from Jacktel, part of Master Marine, is for the upgrade of the mobile operating unit Haven as…

Songa sheds staff as strike bites

Sep 30, 2016

A strike by workers in the Norwegian sector has led to a number of rigs in the basin having to halt operations and staff being put on temporary dismissal.  Songa Offshore says three of its four newbuild Cat D rigs are out of operation and on force majeure rate…

Looking toward the bright side

Sep 27, 2016

Quest Offshore, recently acquired by Wood Mackenzie in August, outlines the highlights of the global deepwater drilling market, region by region. Melissa Sustaita sets out the details. Top…

Weather delays Transocean Winner move training

Sep 23, 2016

A containment boom deployment training exercise ahead of moving a rig which had grounded on the Scottish coast has been postponed for at least two days due to windy weather, according to the UK's Maritime and Coastguard Agency (MCA).  The…

Aquaterra, Plexus develop jackup alternative for HPHT well ops

Sep 19, 2016

Aquaterra Energy and Plexus Holdings have developed a light weight, dual barrier high-pressure high-temperature (HPHT) riser system which can be deployed by a jackup as an alternative to semisubmersible installation for HPHT well operations…

Statoil to use Scarabeo 5 for Snorre

Sep 15, 2016

The Petroleum Safety Authority Norway (PSA) has given Statoil consent to use the Scarabeo 5 mobile drilling facility for well intervention in well 34/7-A-10H on the Snorre field. The activity is scheduled to begin in September and to last 22 days…

Providence in Irish rig tender

Sep 15, 2016

Providence Resources is putting a tender for a rig contract for the 2017 Druid drilling program in the southern Porcupine Basin in FEL 2/14, off the south west coast of Ireland. It is expected that the rig contract will be signed during Q4 2016 to facilitate summer 2017 drilling…

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