Despite posting an increase in profits, Danish drilling firm Maersk Drilling has warned that there's a need for a different cost level in the offshore drilling industry. The firm posted US$751 million profits for 2015, up from $478 million in 2014…
Statoil is to join French oil major Total in drilling the first deep water exploration well offshore Uraguay. Statoil has agreed to take a 15% stake in Block 14, a frontier block in the deep water Pelotas basin, about 200km offshore, in the the South Atlantic Ocean…
Most of the news in the rig market is bad, but there are bright spots if you look hard enough. Audrey Leon sets out the details. Image from OE Staff. Not much has changed for…
Brazil and Mexico are not the only games in town in Latin America. The deepest water well ever drilled is lined up for offshore Uruguay and Exxon is set to test Liza offshore Guyana. Elaine Maslin reports. The newly minted Maersk Venturer drillship…
Focus on the small South American country of Uruguay is set to sharpen after Statoil took a further stake in the country's deep offshore acreage. Statoil, which earlier this month announced it would be a partner with Total on the first deep water exploration well offshore Uruguay…
Image: Maersk Venturer/ Maersk Drilling Maersk Drilling has been awarded a contract for the drillship Maersk Venturer with oil major Total. The contract covers one exploration well (estimated duration 120 days) in block 14 offshore Uruguay…
Maersk Drilling has been awarded a contract with Maersk Oil for the jackup rig Maersk Guardian for accommodation on various fields in the Danish part of the North Sea. The firm contract duration is five years with commencement in September 2016…
For the offshore floating rig market, the downturn presented the perfect storm: too many rigs, not enough demand, and with some 200 newbuilds set to enter the market over the next decade. Audrey Leon reports. The Maersk Developer…
Maersk Drilling has posted an increase in profits in 2Q to US$218 million ($117m in 2014) despite three rigs being idle in the period. Maersk said the result was thanks to strong operational performance, fleet growth, general cost savings and its 2014 Venezuelan business divestment…
Maersk Drilling has been awarded a new three-year contract worth US$110 million for the jackup rig Maersk Resilient with Danish oil company Maersk Oil. The Maersk Resilient. From Maersk. Commencement is expected in October 2015…
Image: Heydar Aliyev/Maersk Drilling Maersk Drilling has been awarded a five-year contract extension for the semisubmersible Heydar Aliyev rig with BP Exploration (Shah Deniz) acting as operator of the Shah Deniz field…
Denmark's Maersk Drilling has been awarded a new contract for the jackup rig Mærsk Giant with Danish energy utility DONG Energy. The firm contract covers 150 days of work on the Nini and Siri field in the Danish part of the North Sea…
Maersk Drilling has been awarded a contract extension for the jackup rig Mærsk Innovator with ConocoPhillips Norway for work on the Eldfisk field, part of the greater Ekofisk area, offshore Norway. The duration of the contract extension is 16 months…
Maintaining a modern fleet with long-term contracts while setting drilling records is Maersk Drilling’s way of doing business. Eloise Logan spoke to the firm’s chief technology officer. The Maersk Voyager drillship…
Logan Industries, based in Hempstead, Texas, will supply a compensated coiled tubing lift frame (CCTLF) to Maersk Drilling, which provides drilling services to oil companies around the world. The CCTLF system will be designed and built in…
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