Middle East rig builder Lamprell has moved into the black, posting a profit. But, the firm warned that recent new order intake means 2014 and 2015 revenues could be lower than expected. The Dubai-based firm, which initiated a strategic review and appointed a new CEO and CFO last year…
Maersk Drilling has named its latest ultra harsh environment jackup drilling rig, the Maersk Intrepid, ahead of its first deployment development drilling on the Martin Linge field offshore Norway. Maersk Intrepid is the first…
Houston-based UTEC Survey Inc. provided survey services aboard the Ocean Spur jackup rig for rig move operations in Amistad Field, Gulf of Guayaquil, offshore Ecuador. The survey work was staffed and project managed from UTEC’s Houston headquarters…
ConocoPhillips Norge is due to start a multi-year drilling campaign on the Greater Ekofisk area, offshore Norway, this Spring, as it seeks to continue production from the Ekofisk and Eldfisk fields for decades. The campaign follows start up on the Ekofisk South development…
Denmark’s Maersk Drilling has posted a 52% jump in profits for 2013, at US$528 million, but warned that there will be challenges in 2014 as it sees a drop in deepwater demand and a major overhaul of its fleet. Claus V. Hemmingsen…
Sembcorp Marine's subsidiary PPL Shipyard has signed a turnkey jackup rig contract worth US$214.3 million with Marco Polo Drilling Pte. Ltd., an indirect wholly-owned subsidiary of Marco Polo Marine Ltd., as well as the grant of an option…
An inside look at drilling with Maersk's jackup, Inspirer.
Seadrill Ltd. has finalized contracts for four jackup drilling rigs for use by Mexico's national oil company Pemex Exploracion y Produccion, with a fifth due to be agreed in 2Q. The contracts are for the jackup drilling units West Oberon…
Dubai-based rig builder Lamprell has completed construction on the jackup drilling rig Qarnin (pictured) and its delivery to Abu Dhabi’s National Drilling Company (NDC). The on time and on budget completion was marked at a ceremony held at Lamprell’s Hamriyah facility in the UAE February 13…
Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured contracts to build three high-specification KFELS B Class jackup rigs worth about US$650 million from Fecon International Corp (Fecon)…
Brunei Shell Petroleum awarded Maersk Drilling a four-year contract for the jackup rig Maersk Completer for operations offshore Brunei. The contract will commence in December 201, in direct continuation of its current contract with Brunei Shell Petroleum…
Keppel FELS has won a contract from a subsidiary of UMW Oil & Gas Corporation (UMW Oil & Gas) for a KFELS B Class jackup rig worth US$218 million. It will be the third KFELS B Class jackup rig for UMW Oil & Gas and is scheduled for delivery in 3Q 2015…
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…
Royal Boskalis Westminster subsidiary, Dockwise, said that it has won several contracts throughout January 2014, worth a total of US$65 million. Statoil awarded the largest contract to the firm, for the transportation of two jackup rigs from South Korea to Norway…
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…