Offshore Rigs News - page 65

 

BiSN Deploys Largest-ever Bismuth Plug

Oct 25, 2018

BiSN, the provider of metal-to-metal downhole sealing solutions, has achieved a world first in conjunction with AkerBP and Altus Intervention, through the successful deployment of the largest-ever bismuth plug.Following over a year of development…

Rowan Stavanger to Drill at Gudrun Offshore Norway

Oct 24, 2018

Rowan Norway Limited has been awarded a contract for drilling two wells at the Gudrun field by use of the Rowan Stavanger jack-up rig. The rig has furthermore been awarded five options for drilling of single wells.Equinor has signed a framework agreement with Rowan Norway Limited…

Kvaerner Eyes Growth, Mergers as Profits Decline

Oct 23, 2018

Kvaerner, a Norwegian builder of oil platforms, aims to increase its revenue by some 40 percent by 2022 by expanding abroad, the company said on Tuesday after reporting a sharp decline in third-quarter earnings that drove down its shares.Kvaerner's quarterly earnings before interest…

Keppel Q3 Profit Falls

Oct 18, 2018

Singaporean conglomerate Keppel Corp on Thursday posted a 15 percent fall in third-quarter net profit, hurt by lower contributions from its investments and property divisions.Keppel, whose businesses range from rig-building to property development…

Faroe Petroleum Gets Go-Ahead to Drill Brasse East

Oct 16, 2018

Norway’s Petroleum Safety Authority (PSA) has given consent to Oil and gas company Faroe Petroleum  to drill the Brasse East well off the coast of Norway, using the Transocean Arctic rig.'Faroe Petroleum is the operator for production licence 740 in the North Sea…

Offshore Drillers Eye Recovery by 2020

Oct 15, 2018

Battered oil and gas drilling companies are finally seeing piecemeal signs that the prices they charge for offshore rigs are bottoming out with Brent crude selling for more than $80 a barrel and some are forecasting a full turn in the market by 2020…

Sevan Marine Changes its Name to Magnora

Oct 14, 2018

Sevan Marine has changed its name to Magnora following the sale of its gas businesses to Singapore's Sembcorp Marine.According to a stock exchange announcement from the company famous for its cylindrical design for offshore rigs and production units…

Equinor Extends Contract for Maersk Intrepid Rig

Oct 12, 2018

Norway's Equinor has awarded Maersk Drilling AS a five-month contract for the Maersk Intrepid rig to provide operational support on the Martin Linge field in the North Sea. Two extension options will also be exercised, and four new options will be added…

Liberian Registry Focus on Offshore and Gas Technology

Oct 11, 2018

Liberia, the fastest growing major open registry in both shipping and offshore, has established its Offshore and Gas Technology Department, renewing the Registry’s focus in these sectors.According to an official statement, this department strengthens…

Osbit Builds Cable Test Rig for Subsea

Oct 10, 2018

North East engineering specialist Osbit Ltd has developed a cable bend fatigue test rig for the Offshore Renewable Energy (ORE) Catapult that will support the development, and improve the performance and reliability, of subsea cables.According to a press release from the company…

Rowan Sells Two Jack-up Rigs to ARO Drilling

Oct 10, 2018

Texas-based offshore drilling contractor Rowan Companies announced that it has concluded the sale of two LeTourneau TARZAN Class jack-up rigs, the Scooter Yeargain and the Hank Boswell, to ARO Drilling.The net economic impact of this transaction…

Maersk Drilling Wins Semi-Submersible Rig Contract Offshore Timor-Leste

Oct 10, 2018

Maersk Drilling signed on semi-submersible rig Mærsk Deliverer with Eni for exploration well offshore Timor-Leste.Maersk Drilling and Eni JDPA 11-106 B.V. (Eni) as operator of the JPDA 11-106 Joint Venture have signed a one-well contract for…

Aqualis Offshore Completes Bahrain Floatover

Oct 10, 2018

Aqualis Offshore has completed the floatover installation of the REGAS topside offshore Bahrain as part of the Bahrain LNG Import Terminal, said a press release.Aqualis Offshore, part of Oslo-listed energy consultancy group Aqualis ASA was contracted…

Ensco to Buy Rowan in $2.38 Bln Deal

Oct 08, 2018

Offshore driller Ensco Plc said on Monday it plans to buy smaller rival Rowan Cos Plc in an all-stock deal valued at $2.38 billion, as it looks to expand its fleet and benefit from a partnership with Saudi Aramco.This is Ensco's second deal…

Borr Drilling Activates Four Jackup Rigs

Oct 05, 2018

Norwegian contractor Borr Drilling has made the decision to activate speculatively four more newbuild jack-ups as it sees rising demand for such high-specification units.'This decision is made on the back of Borr’s previously announced success…

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