Offshore drilling contractor Valaris has informed that one of its drillships has been involved in an incident that included the accidental dropping of a Blowout Preventer Stack to the seafloor of Angola. The incident might cost the company the drilling contract…
Offshore oil driller Valaris PLC is exploring debt restructuring options as it grapples with a rig accident and a broader collapse in energy prices, people familiar with the matter said on Friday.Valaris has tapped debt restructuring attorneys…
Eni has not found oil at its Ehecatl-1 exploration well in Block 7, offshore Mexico, Cairn, a partner in the project has said.Cairn said on Tuesday operations had been completed at the Eni-operated Ehecatl-1 exploration well in the Sureste Basin…
Offshore drilling company Valaris on Thursday posted a net loss of $216 million for the fourth quarter of 2019, compared to a loss of $197 million in the third quarter of 2019. According to its CEO, more losses are to be expected in 2020.Valaris' fourth-quarter revenues fell to $512 million…
Danish offshore drilling contractor Maersk Drilling is set to mothball several offshore drilling rigs, and as a consequence, reduce the number of offshore workers, citing low oil prices and the impact of COVID-19 pandemic as the reason.'The…
Australian oil and gas company Beach Energy has terminated the contract for Diamond Offshore's Ocean Onyx semi-submersible drilling rig, citing delays in the rig's arrival.The rig was to be used by Beach Energy at the Victorian Otway Basin, however…
Offshore drilling company Valaris has agreed to appoint Adam Weitzman to its Board. Weitzman is a partner at hedge fund Luminus which owns 18.7% of the outstanding shares of Valaris.Weitzman, as part of Luminus, has over the past year criticized Valaris (formerly known as EnscoRowan)…
Offshore drillings contractors leasing drilling rigs to oil and gas companies are set to lose contracts worth $3 billion in combined revenue in 2020 and 2021, Rystad Energy said Thursday, citing the impact of the coronavirus pandemic and low oil prices…
International Maritime Industries (IMI) has completed the Maintenance, Repair & Overhaul contract on ARO Drilling's ARO-2003 (SAR201) jack-up rig in Saudi Arabia.IMI, a joint venture between Saudi Aramco, Lamprell, Bahri and Hyundai Heavy Industries…
A crane boom reportedly collapsed Friday morning aboard the Valaris 120 jack-up drilling rig in the UK North Sea, luckily causing no harm to the crew.A rig workers' community page on Facebook called The Rig Worker's Rant released a photo apparently…
With the oil price crash and COVID-19, the near-term outlook for the offshore rig market is on a lot of minds. RigLogix has contacted a number of rig owners and operators and the consensus seems to be that it’s going to get worse before it gets better…
Offshore drilling company Seadrill was involved in an incident last weekend involving the unintentional disconnection of the lower marine riser package (LMRP) on its West Mira semi-submersible drilling rig. Also, a certain amount of oil-based drilling fluid was discharged into the sea…
Offshore drilling contractor ARO Drilling has deployed IFS Applications on 16 of its offshore drilling rigs. IFS, a software solutions company, said in a statement its applications helped ARO „to unify mission-critical business processes across…
Australian energy company Santos announced a Final Investment Decision (FID) had been made on the Van Gogh Infill Development Phase Two Project, which will involve the drilling and completing of three new horizontal, dual-lateral production wells and subsea tieback into existing infrastructure…
UK-based oil company Premier Oil has chartered a Solstad Offshore vessel to support its Tolmount field operations in the UK sector of the North Sea.The Norwegian offshore vessel operator Solstad said Wednesday that it had won a contract for the platform supply vessel Normand Flipper…
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