Offshore drilling firm Valaris said Wednesday it had won a contract extension for one of its jack-up drilling rigs with Norway-based oil company Equinor.The contract is for the Valaris JU-291 jack-up drilling unit, formerly known as the Rowan Stavanger. The extension will see the Keppel-built drilling unit drill two wells offshore Norway.Under the extension, the heavy-duty ultra-harsh environment jackup will stay busy for an estimated 120 days in direct continuation of the existing contract…
Oil and gas firm Jadestone Energy, which has, since 2019, been working to complete the acquisition of OMV's interest in the Maari field off New Zealand, now expects to wrap the deal 'in the second half of 2021.'Singapore-based Jadestone in November…
Despite projected demand recovery post-2020, the global offshore support vessel (OSV) market continues to face a utilization challenge, a joint research by Braemar ACM Shipbroking (Braemar) and Westwood Global Energy Group has shown.According to the press statement released Wednesday…
Naga 7, a jack-up drilling rig that sank earlier in May while gearing up to start drilling for ConocoPhillips off Malaysia, remains sunken at the location, Velesto, the owner said Monday, adding that it has sent a notice of abandonment to the insurers…
UK-based subsea research and development institute NSRI is set to become part of Subsea UK.The organization, originally set up as a focal point for subsea research and development, has been working more closely with Subsea UK for the last six…
Offshore wind installation company Fred. Olsen Windcarrier (FOWIC) said Friday it had over the previous two months signed three new turbine transport and installation contracts with a combined value of up to 124 million euros ($151 million)…
Danish offshore drilling company Maersk Drilling has struck a deal to sell the drilling and production unit Mærsk Inspirer, on contract with Repsol at Yme offshore field in Norway, to Havila Sirius for $373 million.As part of the deal, Repsol will…
Danish offshore drilling firm Maersk Drilling has won further work for its Maersk Intrepid jack-up rig with Equinor in Norway.Namely, Equinor has exercised an option to add well intervention work at the Martin Linge field offshore Norway to…
Benthic, part of Acteon's geoservices division, has said it has completed geotechnical site investigation services for Santos at the Dorado field off the coast of Western Australia.Benthic said this week that the work at the Dorado site involved…
Serica Energy, a UK-based oil and gas company focusing on the North Sea, has hit a snag with its Columbus development well and will have to re-drill it, which will cost an extra £3 million (USD 4.23 million).The company spudded the well in mid-March…
Australian oil and gas company Santos has started Phase 3C infill drilling program at the Bayu-Undan field, offshore Timor-Leste.Under the $235 million drilling program, sanctioned in January, Santos will drill three production wells and will develop additional natural gas and liquids reserves…
Offshore drilling firm Valaris has secured a contract for one of its jack-up rigs in the U.S. Gulf of Mexico.Valaris, which on April 30, 2021 completed its financial restructuring and emerged from chapter 11, said Wednesday that the jack-up…
Danish offshore drilling company Maersk Drilling on Wednesday upgraded its financial guidance for the year 2021, on the back of improved contracting performance.'Maersk Drilling continues to demonstrate strong commercial and operational performance…
Maersk Drilling sold two oil drilling rigs to U.S.-based energy infrastructure company New Fortress Energy Inc (NFE) which it will convert into floating liquefied natural gas (LNG) facilities, the companies said on Monday.Maersk sold the jack…
Ineos Oil & Gas UK has hired Maersk Drilling's harsh-environment jack-up rig Maersk Resolve for drilling and hydraulic stimulation at the Breagh Alpha A11 well in block 42/13 of the UK North Sea. The contract is scheduled to start in the third quarter of 2021…
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