India's Oil and Natural Gas Corp. (ONGC) has set a new pre-monsoon rig move record offshore India, with the support of Aqualis Offshore, a specialized marine and offshore engineering consultancy. ONGC executed a total of 33 mobile offshore…
Bermuda registered rig operator North Atlantic Drilling has extended a standstill deal agreement with Jurong shipyard over the delivery of the newbuild West Rigel semisubmersible drilling rig. The standstill agreement, set up amid a…
Saudi Arabia has taken two steps towards boosting its in-country rig building and high-end manufacturing capabilities in the sector. Saudi Aramco, the Kingdom's oil super-major, Abu Dhabi-based engineering and rig building firm Lamprell…
Parker Drilling was awarded an extension and additional rig to its operations and maintenance (O&M) contract on Sakhalin Island, Russia. The prior contract term was set to expire in Q3 2017 and covered operating and maintaining three customer-owned rigs in support of the Sakhalin-1 Project…
Maersk Drilling has agreed to acquire the newbuild harsh environment jackup rig Hercules Highlander from struggling US drilling contractor Hercules Offshore. Hercules was awarded a five-year contract by Maersk Oil for use of the rig on the Culzean high-pressure…
Bermuda listed Seadrill, and Norwegian drillers Odfjell and Sevan Drilling reported their Q1 results this morning. Intense focus on cost cutting and efficiency have helped all three, as it had with the likes of Ensco and Transocean,…
Freeport-McMoRan Oil & Gas is to pay Rowan Companies US$215 million under an agreement to cut short a rig contract with immediate effect. Freeport had contracted to use the drillship Rowan Relentless up to June 2017. Rowan may also…
US drilling contractor Noble Corporation is due to cold stack two semisubmersibles and warm stack two drillships. In its latest fleet status report, the firm said it is preparing to cold stack the Noble Jim Day, a Bingo 9000 semisubmersible drillship built in 1999…
Singapore’s Keppel Offshore & Marine has entered into an agreement with Russian oil major, Rosneft, and Norwegian drilling equipment firm, MHWirth, to set up a Singapore incorporated joint venture company (JVCO). The shareholding of Keppel O&M…
Mexico's Pemex has cut short a contract for use of Aban Offshore's jackup Deep Driller I. Pemex served a notice of termination 'purporting to exercise its contractual right to terminate the charter' for the rig, said Aban, effective 1 June 2016…
US-based driller Atwood Oceanics has sold its semisubmersible drilling rig Atwood Falcon for recycling and scheduled the Atwood Eagle semisubmersible to be idled in May. The Atwood Eagle is in transit to Singapore and is being marketed…
Drilling giant Transocean swung back into profit in Q1 2016, despite revenues having hemorrhaged compared to Q1 2015. Rig utilization was 51% in Q1, compared with 60% in the prior quarter, and 79% in the same period last year. Utilization is lowest in the ultra-deepwater floater segment…
Keppel Offshore & Marine (Keppel O&M) has completed the acquisition of Cameron International Corporation's (Cameron) offshore product division, which comprises the LeTourneau jackup rig designs, rig kit business, as well as its aftersales and aftermarket services…
Weatherford’s Snorre Lutnes examines managed pressure drilling applications across key regions. MPD deployment. Images from Weatherford. Once reserved as a last resort for wells defined as undrillable…
Cyprus-based Ocean Rig has stepped in to buy the sixth generation ultra-deepwater (UDW) drillship Cerrado, which once drilled the giant Libra prospect offshore Brazil, following its owner Brazil-based Schahin Group bankruptcy declaration last April…
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