As the old saying goes, one man’s misery is another man’s fortune. This could not be a more accurate statement reflecting the current offshore mobile offshore drilling unit (MODU) market. As MODU owners battle debts, restructuring and bankruptcy (see previous article MODU Owners Bite the Bullet)…
The offshore oil and gas industry service provider LOC Group has been hired by jack-up rig contractor Borr Drilling for Marine Warranty Surveyor (MWS) services, which commenced on Borr’s Norve and Frigg rigs, currently located in West Africa…
The provider of engineering and marine services for the offshore energy, Aqualis Offshore celebrated mobile offshore unit rig move number 2,000, just over five years after the company was launched.Aqualis Offshore marked attendance on its 2…
Masirah Oil spudded the Karamah#1 exploration well in Block 50 offshore Oman last week (17 March). The Karamah prospect has a target depth of about 3km, and is on a structural closure approximately 13km away from the earlier GAS-1 discovery well…
Mexico's Pemex has cut short a contract for use of Aban Offshore's jackup Deep Driller I. Pemex served a notice of termination 'purporting to exercise its contractual right to terminate the charter' for the rig, said Aban, effective 1 June 2016…
India's state-owned Oil and Natural Gas (ONCG) awarded Aban Offshore Ltd. a US$91.33 million contract for the deployment of its jackup rig, Aban IV. The contract is for three years and is expected to begin 1Q 2015.
Masirah Oil commissioned a new 3D seismic survey of Block 50 offshore Oman to be conducted by Dolphin Geophysical. The Artemis Arctic. From Dolphin Geophysical. Block 50 is located on the southeast coast of the Sultanate of Oman…
Masirah Oil Ltd. has said hydrocarbons were found in several formations during exploration well drilling in Block 50, offshore Oman. The well was Masirah's second in Block 50, and reached afinal depth of 3000m in the Cambrian formation…
Lime Petroleum PLC subsidiary Masirah Oil Limited has halted drilling in exploration well Masirah North North #1 (MNN #1) for safety reasons. MNN #1 was drilled to a depth of approximately 1000m before mud losses in two carbonate sections…
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