Prospector Offshore Drilling News

 

Wellhead Fatigue Mitigation System Deployed off NZ

Jul 31, 2019

Trendsetter Vulcan Offshore (TVO) has contracted with independent oil and gas company Tamarind Resources to provide its next-generation Wellhead Fatigue Mitigation Systems for deployment offshore New Zealand. The new system alleviates the impact of modern…

Fugro Sees Margin Improvement in 2019

Feb 25, 2019

Dutch deep-sea prospector Fugro reported on Monday a 19.2 percent rise in full-year 2018 revenue to 1.65 billion euros ($1.87 billion), helped by growth across all divisions.The company met its 2018 revenue and EBIT (earnings before interest and tax) margin targets…

Borr Drilling Deploys IFS Applications

Dec 20, 2018

The global enterprise applications company IFS announced that international offshore drilling contractor Borr Drilling has deployed IFS Applications to improve operations and optimize its IT landscape.The enterprise software company said in…

Fugro Q3 Revenue Jumps

Oct 26, 2018

Dutch deep-sea prospector Fugro has reported a 29.1 percent rise in third-quarter revenue on a comparable basis, driven by the expansion of offshore wind developments and a recovery in the global oil and gas market.Rising oil prices have helped…

Ruby well unlocks new Dutch, German play

Sep 27, 2017

Hansa Hydrocarbon's N05-1 exploration well offshore the Netherlands on the GEms licences has made a significant has discovery. Map of Geldsackplate. From Hansa. The Ruby discovery extends across the N04…

Diamond, Trelleborg in joint riser development pact

Jun 13, 2016

Diamond Offshore Drilling and Trelleborg's offshore operation have announced a joint development agreement to develop, manufacture and market Helical Buoyancy riser technology developed by Diamond Offshore. According to Diamond, its patented…

Statoil drops COSL rigs

Mar 07, 2016

Norway's Statoil has terminated its contract with COSL Offshore Management for the semisubmersible drilling rig COSL Innovator, which it was using on the Troll field in the Norwegian North Sea. One man died and two more wre injured after a wave hit the rig on 30 December last year…

Paragon closes sale-leaseback and extends jackup delivery

Jul 24, 2015

Paragon Offshore announced that certain wholly-owned subsidiaries of the company, which were part of the company's acquisition of Prospector Offshore Drilling have closed the combined US$300 million sale-leaseback financing facility that was announced on 4 June 2015…

Paragon in jackup sale-leaseback deal

Jun 04, 2015

Houston-based Paragon Offshore entered into a US$300 million sale-leaseback agreement with SinoEnergy for two heavy-duty harsh environment jackup rigs. Propsector 1. From Paragon. According to the terms of the agreement…

Fugro wins Statoil, Gassco pipeline inspection contract

Mar 13, 2015

Statoil Petroleum and Gassco awarded the 2015 annual pipeline inspection contract to Fugro. The Geo Prospector. From Fugro.   The contract covers inspection of defined sections of subsea…

BHI international rig count for November 2014

Dec 05, 2014

Baker Hughes Inc. issued the November 2014 international rotary drilling rig count today, showing a total of 1324 rigs operating worldwide in November 2014, outside of the US & Canada. International activity in November was up 16 rigs from the 1308 rigs drilling in October 2014…

Paragon targets Prospector takeover

Nov 17, 2014

Houston-based Paragon Offshore has launched a bid to take over Prospector Offshore Drilling by buying 55.8% of the Oslo stock market-listed drilling firm's stock. Paragon, which spun out of Noble Corporation in August this year, said…

BHI international rig count for October 2014

Nov 08, 2014

Baker Hughes Inc. issued the October 2014 international rotary drilling rig count today, showing a total of 1308 rigs operating worldwide in October 2014, outside of the US & Canada. International activity in October was down 15 rigs from the 1323 rigs drilling in September 2014…

2H Offshore to develop MPD riser equipment for Weatherford

Oct 07, 2014

Weatherford Secure Drilling services contracted 2H Offshore to manage the design and delivery of the riser equipment for its managed pressure drilling (MPD) system. The system is expected to be delivered by 2015. The project award follows a feasibility study conducted by 2H Offshore…

Jacking system failure addressed

Sep 30, 2014

A joint industry project on jacking system maintenance and inspection has resulted in a new DNV GL Recommended Practice. This provides guidance to ensure the correct and safe functioning of rack and pinion style jacking systems. The objective is to reduce the risk of gear failure…

Current News

Merger: Hendrik Veder Group (HVG) and Dutch Steel Fabricators (DSF)

Merger: Hendrik Veder Group (H

Woodside Drops Farm-In Plans for Namibia’s Orange Basin Block

Woodside Drops Farm-In Plans f

ExxonMobil, Woodside Take FID for $221M Gas Project Off Australia

ExxonMobil, Woodside Take FID

Koil Energy to Deliver Subsea Equipment for US Oil Project

Koil Energy to Deliver Subsea

Subscribe for OE Digital E‑News

Offshore Engineer Magazine