Dubai-based offshore drilling firm Shelf Drilling has completed the purchase of the jack-up drilling rig Maersk Completer from Maersk Drilling. The rig, which has now been renamed, has been stacked in Singapore since 2017. The two companies…
Despite a string of good-news messages in recent weeks, the price of oil continued its weeklong slide on Monday, taking with it many of Norway’s oil-focused stocks.A large swathe of listed offshore suppliers and energy companies took a pounding…
Shelf Drilling, the contractor of jack-up rigs, has secured long-term contract extensions for four of its jack-ups working offshore the Arabian Peninsula.The rigs High Island II, High Island IV and Main Pass I will each be employed for a further…
Dubai-headquartered offshore driller Shelf Drilling has secured a one-year extension to the jackup Trident XIV's current workover operations contract offshore Nigeria.According to the rig owner, the extension is in direct continuation of the rig’s current contract for workover operations…
A slew of reports so far this year suggest a confluence of the right factors for a strong, sustained surge in contracting activity — especially in drilling — seems to be developing, at least in Europe.Several indicators were in January pointing to key some snowballing of new activity…
Maersk Drilling said it has agreed to sell the jack-up rig Maersk Completer to a subsidiary of Shelf Drilling for $38 million in cash as the Danish-based offshore drilling contractor seeks to concentrate its efforts on harsh environment activities in the North Sea…
Norway’s bevy of oilfield supplier had a terrific day on the stock market Thursday, the first day back from holiday riding a buoyant oil price and news Chinese and Norwegian orders for oilfield items was on-again.Drilling contractor Seadrill led the pack…
Dubai-headquartered offshore drilling contractor Shelf Drilling has added $151 million in contract awards, increasing the number of contracted rigs from 29 to 31 during the month of October.The world’s largest contractor of jack-up rigs said…
Dubai-based Offshore drilling contractor Shelf Drilling has received an award for a three-year contract for the Trident II jack-up rig.The Oil and Natural Gas Corporation (ONGC) award was for operations in the Mumbai High, offshore India. Operations are expected to start in 1Q 2020…
Shelf Drilling, the international shallow water offshore drilling contractor, announced that it has secured contract extensions for four of its jack-up drilling rigs.The drilling contractor with rig operations across Middle East, Southeast Asia…
Dubai-headquartered offshore drilling contractor Shelf Drilling has secured a contract for the Shelf Drilling Scepter jack-up rig with Chevron Thailand Exploration and Production for operations in the Gulf of Thailand.The contract for the 2008…
Indian multinational oil and gas company, Oil and Natural Gas Corporation (ONGC) awards driller contracts for pair of units off west coast.Dubai-headquartered offshore driller Shelf Drilling has been awarded contracts for two of its jack-up rigs with ONGC for operations in the Mumbai High…
Oslo and New York-listed Borr Drilling, partly owned by Schlumberger, said on Thursday it expected strong core earnings growth in coming months with demand for its rigs set to rise.The offshore drilling rig contractor reported a negative adjusted earnings before interest…
Although Norway’s offshore segments took a pounding in share-price value on Monday — with every segment incurring losses — the consensus here is that fundamentals offshore are good, and a combination of general uncertainty and specific contract losses are what rocked investors starting their week…
Oslo-listed Shelf Drilling, world's largest contractor of jack-up rigs, has secured a three-year contract offshore the Arabian Peninsula.The company’s recently acquired premium newbuild jackup drilling rig Shelf Drilling Achiever will likely start the program in 4Q 2019…
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