Rising oil prices are proving the fountain of youth for aging rig fleets, and the resultant surge in rig relevance is stirring financiers to find new ways of hanging on to rig revenues.There’s no better example of the new finance fondness for…
Norwegian drillship and rig operator Fred. Olsen Energy, proposes to sell one of its drilling units and to issue $130-140 million in new equity to pay off debt, as part of a refinancing plan published on Tuesday.The proposal includes issuing about $90 million in new loan capital…
US Independent Anadarko Petroleum has terminated its contract with Dolphin Drilling's Bolette Dolphin drillship, the drilling contractor announced on 2 July. Dolphin, a subsidiary of Fred. Olsen Energy, said the termination will be effective at the end of August 2017…
Norway’s Petroleum Safety Authority (PSA) has given Statoil consent to use the Bideford Dolphin for drilling and completing well 34/7-A-10 at the Snorre field in the North Sea. Drilling is scheduled to begin on 7 July and last 110 days…
Statoil has exercised its option for an additional well on the Norwegian Continental Shelf with Dolphin Drilling using the semisubmersible drilling unit Bideford Dolphin. The well will be in direct continuation with the upcoming well…
Dolphin Drilling, a subsidiary of Fred. Olsen Energy, signed an estimated US$8.6 million one-well contract extension, including one optional well, with Statoil for use of the Bideford Dolphin semisubmersible drilling rig for operation on the Norwegian Continental Shelf…
Dolphin Drilling has agreed to an extension of its current contract with Chevron North Sea for the semisubmersible Blackford Dolphin in a US$2.6 million deal. The extension covers ongoing operations with Chevron beyond early February…
Dolphin Drilling, a subsidiary of Fred. Olsen Energy, has entered into a US$6.1 million one-well contract extension with Statoil for use of the Bideford Dolphin semisubmersible drilling rig. on the Norwegian Continental Shelf. The vessel…
Dolphin Drilling and Total E&P UK entered into an early termination agreement that will move the Borgsten Dolphin support vessel to the cold stack list. Dolphin Drilling, a subsidiary of Fred. Olsen Energy (FOE), said the tender for support…
Wintershall Norge has started drilling wildcat exploration well 35/11-20 B using the Borgland Dolphin drilling rig in production license 248 F in the Norwegian North Sea. It is the latest well on the license, following well 35/11-20 A…
Statoil is suspending the use of another vessels this week, this time with Dolphin Drilling’s Bideford Dolphin mobile drilling facility. Dolphin Drilling, a subsidiary of Fred. Olsen Energy, received notice of suspension from Statoil for the rig…
Tullow Oil Norge (TONAS) has received consent from Norway’s Petroleum Safety Authority (PSA) to drill an exploration well in Block 16/5 in the North Sea. The well will be drilled in a prospect named Rome, with the designation 16/5-6.…
Norway’s Petroleum Safety Authority (PSA) has granted Wintershall Norge consent for exploration drilling at the Orion prospect in the North Sea with the Borgland Dolphin semisubmersible. The 35/11-19S well is located in production license 248…
Drilling contractor Awilco Drilling posted zero revenues for Q1 this year and a net loss of US18.7 million, thanks to one rig being out of work and another undergoing work. While the firm has work for one of its two semisubmersible rigs…
The Norwegian Petroleum Directorate (NPD) has granted Wintershall a drilling permit for wildcat well 35/8-6 S, in block 35/8 of production license 248. Well 35/8-6 S will be drilled from the Borgland Dolphin drilling facility, a semisubmersible…