‘BW Offshore's Yùum K'ak' Náab FPSO has been producing Pemex' KMZ field in the Mexican sector of the Gulf of Mexico since 2007. BW is also supplying the first FPSO for the US sector of the Gulf of Mexico. The BW Pioneer is moored at Petrobras'…
Dolphin Drilling Ltd, a subsidiary of Fred. Olsen Energy ASA, has receive a letter of intent for the provision of the accommodation semi-submersible Borgholm Dolphin for a twelve month period commencing 1 June 2013 supporting operations in the UK sector…
Utilization for the worldwide mobile offshore drilling fleet remains at a steady 77%. Overall utilization in the Australia/New Zealand market stands at 100% as every rig in the region is contracted.Demand in the Australia/New Zealand…
Rising day rates and demand for drilling in deepwater environments are helping the offshore drilling sector recover from not just the global economic gloom of recent years but also the post-Macondo drilling moratorium in the US. According to…
Inside PazflorBelgian firm VRcontext International was recently contracted by Total E&P Angola to deliver a 3D immersive training simulator (ITS) for the Pazflor FPSO, to be anchored on one of Total’s largest offshore producing assets.The company’s…
Getting the drilling facilities design process right not only ensures the operator gets the ideal rig for the job but also increases HSE and operational efficiencies and cuts rig construction and commissioning costs. Andy Kay and Rodrigo Rendon discuss the RDS approach…
Utilization for the worldwide mobile offshore drilling fleet continues to hold steady at 77% – almost five points higher than this time last year. The trailing twelve-month utilization average is at 75%. Floater utilization in the Gulf of Mexico…
Prosafe Rigs has entered into an agreement to sell the accommodation jackup Safe Esbjerg to an unspecified Southeast Asian buyer in a $55 million transaction.
The worldwide mobile offshore drilling fleet has seen modest but steady increases in utilization since the beginning of the year. Currently, worldwide utilization stands at 78% whereas at the start of the year it was hovering around 73%.Recently…
High demand for goods and services helped push up building and operating costs for upstream oil & gas facilities over the six-month period covering 3Q 2011 to 1Q 2012, according to two IHS cost indexes. The IHS Upstream Capital Cost index rose 2…
OE's analysis of current rig market data is updated monthly using statistics provided by Rigzone.comMaking a strong showing during the second half of 2012, North Sea utilization rates are leading the way with a 96% average.The worldwide competitive…
OE's analysis of current rig market data is updated monthly using statistics provided by Rigzone.comUtilization for the worldwide competitive mobile offshore drilling unit (MODU) fleet remains steady at 86%.Although demand for all rig types has grown by 57 rigs over the last twelve months…
OE's analysis of current rig market data is updated monthly using statistics provided by Rigzone.comUtilization for the competitive fleet of mobile offshore drilling units worldwide has been gradually improving since February and is currently in the mid-80% range…
ENSCO 8505, the sixth in a series of seven ultra-deepwater semisubmersibles, recently arrived in Texas for final trials before launching a two-year stint under contract to Anadarko, Apache and Noble Energy in the Gulf of Mexico. Russell McCulley was on hand in Corpus Christi…
US offshore wind studies under wayThe US Department of Energy has awarded GL Garrad Hassan two grants worth a total of $700,000 to fund studies that will help identify optimal strategies for the installation, operation and maintenance of offshore…
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