U.S. energy firms reduced the number of operating oil rigs for the first time in three weeks as producers follow through on plans to slash spending on new drilling.Drillers cut 8 oil rigs in the week to Dec. 27, bringing the total count down to 677…
A Chinese oil survey vessel that has been embroiled in a tense standoff with Vietnamese vessels in the South China Sea left Vietnamese-controlled waters on Thursday after more than three months, marine data showed.The Chinese vessel, the Haiyang Dizhi 8…
After a period of dormancy, drilling activity and rig utilization is up. Yet despite an increase in demand for rigs, there is still an oversupply. Few long-term fixtures, gaps in schedules and rigs moving between different regulatory regimes create new rig intake challenges…
A Chinese survey ship returned to Vietnam's exclusive economic zone off its coast on Tuesday, ship tracking data showed, less than a week after it left the area where vessels from the two countries were locked in a month-long standoff.The Haiyang…
India’s Oil and Natural Gas Corporation Limited (ONGC) has moved a record high 35 offshore drilling rigs to new locations ahead of the Indian monsoon season, said marine and offshore engineering consultancy Aqualis Offshore.Aqualis Offshore assisted with the majority of the rig moves…
UK based Awilco Drilling has exercised an option to have a second mid-water semisubmersible drilling rig built by Singapore's Keppel Offshore & Marine, the builder announced on Friday.The option, which Keppel said is worth about $425 million…
With the oil and gas market heating up in Brazil, many foreign service providers are looking to set up shop in Brazil with an eye on new opportunities.Although the South American country's main attraction will continue to be exploration and production (E&P) in post-salt and pre-salt acreage…
The next offshore wind innovation site in the Netherlands will feature two V164-9.5 MW turbines from MHI Vestas, the 5th Dutch offshore wind park for the wind turbine supplier.MHI Vestas Offshore Wind, in signing a firm order with Two Towers Consortium for the Borssele V Offshore Wind Farm…
Total invited environmental activists on Tuesday to visit a planned offshore drilling site in French Guyana and said the project would not endanger coral reefs in the region.The firm said it was ready to start exploration around 150 km (93 miles)…
Semco Maritime has won the contract to upgrade the Floatel Victory accommodation rig. Following the upgrade, the rig will sail out to undertake a contract in the British sector of the North Sea for Maersk Oil UK. Floatel Victory, owned by Floatel International…
UK-based Xodus Group has formed a new collaboration with stabilization and artificial reef specialist Subcon International to deliver Integrated Rigs to ReefsTM (IR2RTM) decommissioning solutions globally. The partnership combines Xodus’…
With decommissioning an inevitability, what to do with platforms once production ceases is a hot topic. Karen Boman surveys new ideas for life after production. Once upon a time, it seemed that the only thing to do with aging offshore infrastructure was to rip it out…
Susan Gourvenec offers a down under outlook for decommissioning offshore oil and gas facilities. Operating pipelines provide habitat for marine life. Photos from Woodside. Australia’s…
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…
Rig builder and engineering firm Lamprell has delivered jackup drilling rig Al Hudairiyat for Abu Dhabi’s National Drilling Co. (NDC), within budget and on schedule. The rig is the eighth of an order or nine jackup rigs for NDC and the…
Subscribe
