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Author: Admin

Odfjell recruits more than 200 as new rigs join fleet

March 28, 2019
| Archives

Odfjell Drilling’s business in Norway is growing as two new semi-submersibles are joining the fleet in 2019. In the next months, we will employ more than 200 operational personnel, engineers and administrative support personnel to support our growing North Sea activities. With the delivery of Deepsea Nordkapp on 7 January this year and the Management agreement entered into

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Rowan receives clearance from Saudi for combination with Ensco

March 28, 2019
| Archives

  Rowan Companies plc announced that it has received clearance from the General Authority for Competition in the Kingdom of Saudi Arabia for its pending combination with Ensco plc. As disclosed on February 21, 2019, shareholders of both Ensco and Rowan voted to approve the pending all-stock transaction under which Rowan shareholders will receive 2.750 Ensco shares for each

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Allseas record breaking lift with Equinor

March 26, 2019
| Archives

Three days – that’s what it took to lift four of the last pieces in the Johan Sverdrup puzzle into place – the two final platform topsides, a bridge and a flare stack. The processing platform lift was the heaviest lift ever performed offshore. “Now we are in the process of concluding the installation campaign for the first

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One of the largest semi’s in the world “Bluewhale 1†picks up 1.5 years of work

March 26, 2019
| Archives

Our friends over at Bassoe reported this morning that the Bluewhale 1 has picked up 549 days of work with CNOOC (Chinese National Offshore Oil Company). No dayrate was given at this time The Bluewhale 1 is a 2017 CIMC Raffles built Frigstad D90 semisubmersible that is designed for 12,000′ of water depth and a drilling depth of

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Bassoe: March Jackup Report

March 25, 2019
| Archives

March was relatively light on jackup fixtures, but several contract awards in Mexico are coming in (Borr announced two 18-month contracts) and will continue to do so over the next few months. In the Middle East, the AOD I was renewed for three years with Saudi Aramco. Utilization has surpassed 70% and is expected continue rising as Mexico,

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Awilco signs up with Keppels for a 2nd newbuild HE semi

March 25, 2019
| Archives

As we reported on March 8th “Awilco and Keppel Fels exercise HE Semi newbuild agreement“, the company is pleased to announce that its fully owned subsidiary Awilco Rig 2 Pte. Ltd. on 22 March 2018, signed a contract with Keppel FELS shipyard in Singapore for the building of one new CS60 ECO MW semi-submersible drilling rig. The

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Weekly Rundown – Top 5 stories from the past week

March 25, 2019
| Weekly Rundown

For this week in the #1 spot we have Island picking up some work with CNOOC, #2 is Precision getting rid of some iron and leaving Mexico, behind that we have Neptune grabbing the Beacon Atlantic new build for a 6 well gig, #4 is a piece about what social media means for all rotational working people

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U.S. and Canada drop rigs for the fourth week in a row on the Weekly Rig Count

March 22, 2019
| Weekly Rig Count

  Baker Hughes, a GE company has posted Weekly Rig Count reports. Baker Hughes Rig Count: U.S. -10 to 1,016 rigs U.S. Rig Count is down 10 rigs from last week to 1,016, with oil rigs down 9 to 824 and gas rigs down 1 to 192. U.S. Rig Count is up 21 rigs from last year’s count of 995, with

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Bassoe: 8 questions about the state of offshore drilling, get your answers in today

March 22, 2019
| Archives

So many issues, so many opinions. These eight questions are your chance to have your say and find out what others are saying about the offshore drilling industry. At Bassoe Analytics, we promote collaboration and sharing of knowledge and opinions via our open source offshore rig database.   And in our commentary, we regularly let you know what we think of

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Island Drilling picks up contract with CNOOC

March 22, 2019
| Archives

“Island Drilling Company AS is pleased to announce that the company has been awarded a contract with CNOOC Petroleum Europe Limited, a wholly-owned subsidiary of CNOOC Limited, to drill one well on the Howick prospect, located West of Shetland, Block 206/21. Drilling is scheduled to commence in Q2 2019. Island Drilling Management will be responsible for the operation

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