Archive for the ‘Offshore Rigs’ Category
Aramco, Nabors sign joint-venture agreement
October 31st, 2016 by Latest News
Nabors Industries Ltd. reported the signing of an agreement to form a joint venture in Saudi Arabia to own, manage, and operate onshore drilling rigs. The JV, which will be equally owned by Saudi Aramco and Nabors, is expected to be formed and commence…
The tally of US oil-directed rigs ended 17 straight weeks without a decline during the week ended Oct. 28. But the overall rig count was again bolstered by a recent surge in rigs targeting natural gas, with increases in the Haynesville and Marcellus re…
Statoil cancels rig contract for the Stena Don
October 25th, 2016 by Latest News
Statoil ASA has cancelled a contract with Stena Drilling Ltd. for the Stena Don semisubmersible. The cancellation will take effect after plugging activity on Troll field has been completed in November.
Saudi Aramco negotiated a 3-year contract extension with Asia Offshore Drilling Ltd. (AOD) for the AOD I and AOD II jack up drilling rigs. Those contracts were due to expire in June 2019 and July 2019, respectively.
The Baker Hughes Inc. worldwide tally of active drilling rigs was again bolstered in September by the continued drilling rebound in the US and Canada.
The US drilling rig count jumped 11 units to 522 rigs working during the week ended Sept. 30, according to data from Baker Hughes Inc. Seven oil-directed and 4 gas-directed units began operations.
Maersk Oil begins drilling on Culzean project, launches organizational review
September 29th, 2016 by Latest News
Maersk Oil, a wholly owned subsidiary of AP Moller-Maersk AS of Copenhagen, started drilling the first production well on Sept. 28 in the company-operated Culzean field in the UK North Sea.
Statoil ASA has canceled the final phase of its contract with North Atlantic Drilling Ltd. for the West Epsilon jack up rig.
DONG Energy has terminated its contract with Maersk Drilling AS for the Maersk Resolve jack up rig after it concluded work at Hejre field in the Danish North Sea.