Archive for the ‘Offshore Rigs’ Category
Maersk Drilling takes delivery of fourth ultra-harsh environment rig
February 1st, 2017 by Latest News
Maersk Drilling took delivery of its fourth XL Enhanced jack up
drilling rig, the Maersk Invincible, from Daewoo Shipbuilding and Marine
Engineering. It’s the fourth ultra-harsh environment jack up rig for
the Maersk fleet.
Appraisal set for field off Philippines
January 30th, 2017 by Latest News
A subsidiary of Nido Petroleum Ltd., Perth, will drill an appraisal well aimed at extending the productive life of Galoc oil field on Block C1 of Service Contract 14 offshore the Philippines.
Australia and Timor Leste have jointly announced an agreement to abandon the temporary treaty that regulates maritime boundaries in the Timor Sea and has given rise to a long-running dispute over sharing revenues from oil and gas.
Following an unprecedented 2 years of double-digit declines, global exploration and production spending is expected to increase 7% in 2017, according to Barclays’ latest E&P spending survey.
The average global rig count gained 94 units month-over-month in December to total 1,772, with only modest movement outside the resurgent US and Canada, Baker Hughes Inc. reported. The count was down 197 compared with the December 2015 total.
The US drilling rig count began the new year with its eighth consecutive weekly rise and 28th increase of the past 32 weeks that comprise the recent drilling rebound.
BHI: Yearend US rig count continues to climb
December 30th, 2016 by Latest News
The US rig count increased yet again this week, jumping 5 units to reach a total of 658 during the week ended Dec. 30, according to data from Baker Hughes Inc.
Undeterred by the upcoming holiday week, the US rig count recorded yet another double-digit weekly increase.
Undeterred by the upcoming holiday week, the US rig count recorded yet another double-digit weekly increase.