Ocean Valiant News

 

Board shake-up at Premier Oil

Aug 10, 2017

Premier Oil has revealed that Roy Franklin will join the company's board as non-executive chairman, taking over from Mike Welton, on 1 September. Welton has served as chairman for eight years and announced in March that he would step down from the board on appointment of a successor…

Borr bags Total Nigeria deal

Jul 11, 2017

Newcomer Borr Drilling has landed its first deal with a supermajor. Borr and its Nigerian partner company Valiant Energy Services West received a letter of commitment from Total E&P Nigeria for the Frigg jackup. The deal is for a firm one-year period with a possible extension…

Ocean Installer bags Statoil Sverdrup work

Jul 06, 2017

Statoil has awarded Ocean Installer a contract for subsea installations and tie-in operations on Johan Sverdrup, Utgard, and Bauge. Normand Vision. Image from Ocean Installer. The…

Ocean Rig reaches Eirik Raude settlement

Feb 24, 2017

Ocean Rig has reached a US$25 million settlement agreement with Premier Oil and Noble Energy over disputed invoices for the Eirik Raude semisubmersible. Image of the Eirik Raude, from Ocean Rig…

North Sea Energy CEO, CFO step down

Jan 23, 2017

North Sea Energy (NSE) Chairman and CEO J. Craig Anderson and CFO Petya Popova are leaving the company with immediate effect, to pursue other interests. Anderson has been the CEO of NSE for the last 10 years, since founding the company…

Bagpuss license extended, interests reassigned

Jan 18, 2017

The UK's Oil and Gas Authority has approved a license renewal for the Bagpuss and Blofeld License P.1943 into a second, four-year term.  Maersk Oil North Sea UK has now dropped out of the license, with its 25% interest being reassigned to the remaining partners…

Year in review: 2016

Dec 13, 2016

As OE takes a look back on the year that was 2016, our website's most popular stories pretty much tell everything you need to know. It has been a depressing year for the industry with too many job cut announcements, rigs and vessel stacked (or sold)…

Maersk drops Bagpuss, Blofeld heavy oil license

Nov 23, 2016

Maersk Oil is to drop its heavy oil Bagpuss and Blofeld License, P.1943, in the UK North Sea, according to partner North Sea Energy.  The move follows UK independent Premier Oil resigning as operator on the Bagpuss joint venture, effective at the end of this year…

Premier drops Bagpuss heavy oil field

Sep 30, 2016

UK independent Premier Oil is resigning as operator on the UK North Sea Bagpuss joint venture effective at the end of this year.  Premier will also sell its 40.1% interest to newly formed firm, Aberdeen-based Reach Halibut, subject to approval by the joint venture partners…

Petrobras ditches Diamond

Sep 01, 2016

Diamond Offshore Drilling has said it is going to defend a move by Brazil’s Petróleo Brasileiro (Petrobras) to terminate its contract on the Ocean Valor semisubmersible early.  The Ocean Valiant…

Ocean Rig delays newbuilds, seeks financial advice

Aug 12, 2016

Rig operator Ocean Rig has agreed to delay the delivery of the first two of three new rigs it is having built by Samsung Heavy Industries. The firm is also assessing its future financial viability amid a 'grossly oversupplied market,' which is expected to worsen…

Premier makes heavy oil discovery on Bagpuss

Aug 05, 2016

Premier Oil's Bagpuss heavy oil exploration well on the Halibut Horst in the Outer Moray Firth, in the North Sea, has made a discovery, potentially opening a new play in the area. The 13/25-1 well, drilling using the Ocean Valiant semisubmersible drilling rig…

Conoco, Marathon cut short Maersk Valiant contract

Jul 28, 2016

ConocoPhillips and Marathon Oil Corp. have signed an early termination agreement for the deepwater drillship Maersk Valiant, Maersk Drilling says. The termination, which comes following Conoco's decision to halt Gulf of Mexico deepwater exploration spending…

Premier spuds Bagpuss heavy oil prospect

Jul 21, 2016

Premier Oil spudded the Bagpuss heavy oil exploration well in the Moray Firth in the UK North Sea on 18 July, using the Ocean Valiant drilling rig, says partner North Sea Energy. Drilling results are expected in early August. The well…

Premier close to drilling on Bagpuss heavy oil prospect

Jul 12, 2016

UK independent Premier Oil is planning to spud the Bagpuss heavy oil prospect in the Moray Firth in the North Sea this month, later than initially expected.  Premier oil will use the Ocean Valiant semisubmersible drilling rig, which is…

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