Jack Ups News


Equinor Adds Two Wells to Valaris' Jack-Up Rig Scope

Jun 03, 2021

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…

New Zealand: Jadestone Energy to Wrap Maari Field Buy in 2H 2021

Jun 09, 2021

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…

Report: Global OSV Market Facing Utilization Challenge, Despite Demand Recovery

Jun 02, 2021

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…

Malaysian Offshore Driller Sends Notice of Abandonment to Insurers of Sunken Rig

May 31, 2021

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…

Subsea Research Institute NSRI to Become Part of Subsea UK

May 31, 2021

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…

Fred. Olsen Windcarrier Brings in $151M in Offshore Wind Contracts

May 28, 2021

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)…

Maersk Drilling Sells Yme Field-tied Offshore Rig for $373M

May 27, 2021

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…

Maersk Drilling Secures Well Intervention Gig with Equinor

May 27, 2021

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 Wraps Geotechnical Survey at Santos' Dorado Site

May 26, 2021

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…

UK: Serica Energy Hits Snag at Columbus Offshore Well. Needs to Re-Drill It

May 25, 2021

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…

Timor Leste: Santos Kicks Off Bayu Undan Infill Drilling

May 25, 2021

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…

W&T Offshore Books Valaris Jack-Up Rig for Gulf of Mexico Drilling Project

May 20, 2021

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…

New Contracts Drive Maersk Drilling to Upgrade Financial Guidance for 2021

May 19, 2021

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…

New Fortress' Floating LNG Plans Boosted by Maersk Drilling Rigs Buy

May 18, 2021

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 Books Maersk Resolve Drilling Rig for UKCS Project

May 17, 2021

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…

Current News

Collab in Sight? Turkey Shares Data on Giant Black Sea Gas Find with ExxonMobil, Chevron

Collab in Sight? Turkey Shares Data on Giant Black Sea Gas Find with ExxonMobil, Chevron

Wood Bags Five-year Extension at Hibernia

Wood Bags Five-year Extension at Hibernia

Petrobras Orders $2.3B FPSO from Saipem, DSME JV

Petrobras Orders $2.3B FPSO from Saipem, DSME JV

Norway Not Giving Up on Oil, Gas in Push for Greener Energy

Norway Not Giving Up on Oil, Gas in Push for Greener Energy

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