North Sea exploration minnow Trap Oil has warned that, without urgent additional funding, it is likely to become insolvent. The firm, which has reduced its overheads from £5.1 million 2 years ago to £1.3 million/yr posted a pre-loss of £44…
Global rig provider Transocean said it will scrap two more rigs from its fleet taking the total number of floaters it is planning to scrap to 18, the company announced on 1 April 2015. The two rigs joining its soon to be departed brethren are the GSF Aleutian Key and Sedco 707…
Floating production vessel operator BW Offshore and UK-based independent producer Ithaca Energy have agreed new terms for use of the BW Athena in the North Sea. BW Offshore and Ithaca Energy (on behalf of the Athena field co-venturers)…
Danish saftware specialist SafeEx has developed software for Ex inspection and registration now deployed on three FPSOs, with more orders expected. Traditionally, Ex inspections have been conducted with pen and paper as well as subsequent…
Eni Angola S.p.A and subsidiaries of Ocean Rig UDW entered into an agreement to extend the contract for the drillship Ocean Rig Poseidon by one year until 2Q 2017. According to the agreement, Ocean Rig agreed to adjust the existing day…
UK independent explorer Trapoil has been forced to give up a string of licenses in the North Sea after failling to find farm-in partners to help fund work. The firm, which last year cuts its staff and saw its founders leave, 'to maintain value…
ABB is to deliver total power solutions to Ocean Rig’s two new seventh generation integrated design mobile offshore drilling units (MODU), being built by Samsung Heavy Industries (SHI) at Goeje shipyard in Korea. The contract includes…
Ithaca Energy opted to extend its contract with BW Offshore's BW Athena FPSO, the Olso, Norway-based vessel owner announced on 6 June 2014. The original contract, signed in 2010, covered a service period from 2012-2015. Ithaca Energy…
Ocean Rig UDW Inc.announced today that it successfully took delivery of its newbuilding drillship, the Ocean Rig Skyros, on Friday, Dec. 20. The drillship is currently mobilizing to offshore Angola to commence drilling operations with Total.
Fairmount Marine’s tug Fairmount Summit has delivered the semisubmersible rig Ocean Valiant safely in the port of Las Palmas, Canary Islands. Fairmount Summit towed the rig from offshore Cameroon over a distance of almost 3000 miles. The…
Ocean Rig UDW Inc. signed a contract with Total E&P Angola, for its ultra deepwater drillship, Ocean Rig Skyros. The contract is for five wells or a minimum of 275 days for drilling offshore West Africa, with an estimated backlog of about US $190 million…
Ocean Rig UDW Inc. received a Letter of Award for its ultra deepwater drillship Ocean Rig Skyros. The Letter of Award is for five wells or a minimum of 275 days contract for drilling offshore West Africa, with an estimated backlog of approximately US $190 million…
The Atwood Advantage dockside at Daewoo’s yard in South Korea.The newest ultra-deepwater drillships joining the fleet this year will be capable of working in 12-14,000ft (3658-4267m) water depths and drilling to 40,000ft. Ultra-deepwater…
Petrobras cancels rig contract with Ocean Rig Petrobras has cancelled a leasing contract with Ocean Rig, the Brasilian NOC announced on 29 November 2012.Petrobras had announced in February that it planned to lease five drilling rigs…
North Sea independent Ithaca Energy will use Petrofac's FPF-1 semi – the former AH-001 deployed by Hess on Ivanhoe/Rob Roy – as a production hub to develop the Greater Stella Area (GSA ) fields, Stella, Harrier, Hurricane and Helios. Jennifer Pallanich reports…
Subscribe
