Drilling News

 

Israel's NewMed Moving Forward with Aphrodite Gas Field Offshore Cyprus

May 24, 2022

Israel's NewMed Energy [formerly known as Delek Drilling] on Monday said it was moving forward with the development of the Aphrodite natural gas field offshore Cyprus and reported a drop in quarterly profit as new tax regulations took effect…

Keppel O&M Secures Three-year Bareboat Charters for Jack-up Rig Duo

May 24, 2022

Singapore's Keppel Offshore & Marine has secured bareboat charters for two KFELS B Class rigs to be deployed in the Middle East.The shallow-water drilling rigs will go on a charter with an unnamed drilling firm in the Middle East. Keppel said the charterer was  'an established drilling company…

Valaris MS-1 Offshore Drilling Rig Reaches Sasanof-1 Well Site

May 23, 2022

The MS-1 semi-submersible offshore drilling rig has arrived at the Sasanof-1 exploration well location on the North West Shelf, off Australia, the oil and gas company Western Gas, the Sasanof license holder, said Monday.The drilling rig completed…

Eni, TotalEnergies Start Drilling on Cronos-1 Prospect Offshore Cyprus

May 23, 2022

Italy's Eni and TotalEnergies of France began drilling an exploration gas well off the coast of Cyprus on Monday, the island's energy ministry said.The Tungsten Explorer drillship arrived on location south-west of the island on Monday and started drilling work on the 'Cronos-1' prospect…

Trillion Books Uranus Jack-up Rig for Drilling in Turkish Black Sea

May 20, 2022

Black Sea-focused oil and gas company Trillion Energy International has signed a definitive offshore drilling services contract with Romanian drilling company GSP Offshore to secure a jack-up rig for its 2022 – 2023 drilling program on its South…

Norwegian Oil Drilling Labor Unions Seek Mediation as Wage Talks Falter

May 19, 2022

Wage talks involving around 8,000 oil drilling workers in Norway broke down on Thursday, labor unions said, raising the risk of strike action that would disrupt oil and gas exploration.The talks between the Norwegian Shipowners' Association (NSA) and the Safe…

World's First 8th Generation Drillship Named in Singapore

May 18, 2022

Deepwater Atlas, the world's first 8th generation drillship, was recently named at a ceremony in Singapore. The news of the naming ceremony, held late in April, was shared by Transocean, a drilling contractor that owns the vessel, via social media this week…

Borr Drilling Finds More Work for Saga Jack-up Drilling Rig

May 18, 2022

Oslo-listed offshore drilling firm Borr Drilling has won a binding Letter of Award for its jack-up drilling rig 'Saga' from an undisclosed operator in Southeast Asia.The drilling program is expected to start in Q4 2022, in direct continuation of the current contract…

Equinor Spuds First of Two Offshore Wells in Canada's Flemish Pass

May 17, 2022

The West Hercules semi-submersible drilling rig has started drilling the first of two exploration wells offshore Canada. Seadrill, the drilling contractor that manages the SFL-owned rig, shared the news on Tuesday in a social media post.The drilling is being conducted in the Flemish Pass Basin…

Westwood: Offshore Drilling Rig Utilization Much Higher Than Typically Reported

May 17, 2022

By Teresa Wilkie, Research Director of RigLogix at Westwood Global EnergyUtilization is one of the key barometers of the health of the offshore rig market, as it identifies what percentage of the usable fleet is available versus what is not…

First Jack-up Rig Built for IMI Loaded Out

May 17, 2022

International Maritime Industries (IMI), which describes itself as the largest shipyard in the MENA region, and offshore construction firm Lamprell on Tuesday announced the successful completion of the load-out and float-off of the first jackup drilling unit being constructed for IMI…

Equinor, Exxon Agree to Expand Brazil Offshore Oil Ops

May 17, 2022

Equinor and Exxon Mobil Corp have taken the first steps to expand an $8 billion oil development off Brazil's coast, the Norwegian oil producer told Reuters.The firms want to boost future production from the Bacalhau oil field, Equinor's largest…

Vantage Drilling's Q1 Loss Narrows. Sale of Jack-up Rig Trio to ADES to Close in Q2

May 16, 2022

Offshore drilling company Vantage Drilling International reported a net loss attributable to controlling interest of about  $14.9 million in the first quarter of 2022.For comparison, in the first quarter of last year, Vantage Drilling's net loss attributable to controlling interest was  $36…

Odfjell Drilling Secures More Work with Equinor

May 16, 2022

Norwegian oil and gas company Equinor has awarded further work to Odfjell Drilling's Deepsea Stavanger offshore drilling rig.The extension was awarded under the continued optionality mechanism in the contract entered into by the two companies in May 2021…

Jack-up Rig Utilization, Pricing to Hit Pre-pandemic Levels in 2022, Shelf Drilling CEO Says

May 13, 2022

Tendering activity for jack-up drilling rigs continues to improve, especially in the past two months, with global utilization expected to hit pre-pandemic levels in 2022.This is according to David Mullen, CEO of shallow-water oil and gas drilling rig contractor Shelf Drilling…

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