Making more sense of pipe handlingNorway's TTS Sense has developed an advanced pipe handling machine named SmartRacker, following the award to the company of a contract to supply an entire drilling package to two advanced newbuild jackups…
The Macondo oil spill will have a lasting impact, but not the same repercussions on the petroleum industry that the Three Mile Island accident had on the nuclear industry. So said Douglas Becker, director oil services & equipment, global research for Bank of America…
Weather is a major factor when planning offshore drilling campaigns. Asbjørn Stålesen of FMC Technologies says the company's Real Time Operating Limits system has allowed it to increase the time available for carrying out drilling work.The biggest…
OE 's analysis of current rig market data is updated monthly using statistics provided by Rigzone.comWorldwide utilization for the mobile offshore drilling fleet is tracking at 76%, near the top of a 74%-76% band that it has traversed over the past 11 months…
OE's analysis of current rig market data is updated monthly using statistics provided by Rigzone.comWorldwide utilization for the mobile offshore drilling fleet is tracking at about 74%, within the tight 74%-76% band it has seen for the past 10 months…
Non-productive time (NPT) associated with control systems software and hardware integration remains a significant drain on high-spec offshore asset costs, according to a study released last month.The study, by the Athens Group and ModuSpec,…
OE ’s analysis of current rig market data is updated monthly using statistics provided by Rigzone.comUtilization for the worldwide mobile offshore drilling fleet continues to track in the 74-75% range, about 7% below year ago levels. Global…
Flotel specialist Prosafe expects a good long-term demand for its accommodation rigs, with growth in activity in the North Sea from spring 2011 and in deepwater regions. Meg Chesshyre reviews recent developments at the world’s leading owner and operator of semisubmersible accommodation rigs…
Japan Drilling Company’s semisubmersible drilling rig Hakuryu-5 was recently upgraded with Exmar Offshore’s Deepdish pontoon sponson, an innovative combination of pontoon sponsons and integrated cross bracing designed to increase the capabilities and operating life of ageing rigs…