Ensco plc announced the sale of its two remaining cold-stacked jackup rigs for US$33 million. The net value of the two rigs, ENSCO 69 and Wisconsin, both built in 1976, was approximately $9 million. The pre-tax gain on the sale is approximately $24 million…
The Solberg prospect, operated by Germany's Wintershall (35% equity), is 4km northeast of the Tyrihans field and 8km southeast of UK-based explorer Faroe Petroleum’s Maria discovery (2010). Drilling is being carried out using the…
Wintershall has exercised the first of two six-month options for the jack up rig Energy Endeavour with Northern ƶijϻsubsidiary Northern ƶijϻ U.K. The start date of the option period will be in direct continuation,following the end of the well in progress on 1 May 2014…
Rowan Companies plc, a global offshore contract driller, is now live with IFS Applications on the first of its ultra-deepwater drillships, Rowan Renaissance. Rowan’s deployment includes requisitioning, inventory, and EAM functionality…
Noble Corp. today reported Q4 2013 net income of US$174 million, and for Q3 2013, the company reported net income of $282 million. Net income for the full year 2013 totaled $783 million, on revenues of $4.2 billion, compared to net income of $522 million on revenues of $3…
Gazpromneft Sakhalin says it has started work preparing to drill an appraisal well in the Pechora Sea. The firm, a subsidiary of Gazprom Neft and project operator for the exploration and development of Dolginskoye field, on the arctic shelf of the Pechora Sea…
TTS Group ASA has lost a contract for a lifting equipment package on a new ultra-deepwater drillship after Sigma Drilling Ltd terminated a construction contract with STX ƶijϻ & Shipbuilding Co. Ltd.(STX). Cayman Islands-based Vantage Drilling Company has Sigma…
Drydocks World (DDW) has signed an agreement with Drill One Capital to build what it is describing as the largest jackup ever built. The Dubai Expo 2020 NS jackup rig will be the first Gusto MSC CJ 80 design rig to be built. It has been designed to be operated in harsh environments…
Yantai CIMC Raffles ƶijϻ (CIMC Raffles) has won an order for two jackups from newcomer Central Shipping Monaco (CSM). The two rigs will be Friede & Goldman JU2000E design and scheduled to be delivered at the end of 2015. CSM also…
Fairmount Marine has delivered the drilling rig ENSCO 5004 in Malta at the endof a voyage that began offshore Rio de Janeiro.ENSCO 5004 is a 1982- built, 94.7m-long, and 70.4m-wide semisubmersible. It was towed from Rio de Janeiro to Malta…
Rising requirements for rigs in the Middle East is increasing competition for jackup refurbishment and conversion. Elaine Maslin reports. About quarter of the world’s 480-strong jackup drilling rig fleet resides in the Persian Gulf and…
The COSLGift, an independent leg cantilever jackup rig, has been delivered, and is enroute to Southeast Asia, China Oilfield Services Ltd. (COSL) announced. COSL acquired the COSLGift and its sister rig COSLHunter (pictured) in August 2013…
Baker Hughes Inc. rotary rig count shows 61 rigs active offshore US for the last two weeks, up 10 rigs from a year ago (19.6% year-over-year increase). This includes 55 rigs working off Louisiana (up from 47 a year ago), 2 rigs off Texas (up from 1 rig)…
Lundin Petroleum AB has started drilling the latest appraisal well at the giant Johan Sverdrup discovery, in the Norwegian sector of the North Sea. The well,16/3-8S, on PL501, is at the crest of the Avaldsnes high. Its objectives are to establish the depth…
Tullow Oil plc's Mantra well, offshore Norway, is to be plugged and abandoned after being classified as water wet. Mantra, drilled with the 31/3-4 wildcat exploration well,was the first exploration well in the Tullow-operated 551 production license…