A stack more floaters are headed for the chop
The direction of travel appears clear; around a quarter of the current offshore floater rig fleet - ships and semi-submersibles - will be sent to the scrapyard near-term.
Rigs & Vessels
Cnooc preparing to spud Glengorm appraisal
Westwood Global Energy reports that as of December 2 there was one exploration well active in the UK. So far in 2020, four exploration wells have completed. At the time of writing, the first appraisal well of the year was preparing to spud.
Feud deepens between Awilco and Keppel with second arbitration on the way
A new layer has been added to the bitter feud between Awilco Drilling and rig builder Keppel FELS, with a second arbitration process on the cards.
Altera relocating ‘principal office’ to Aberdeenshire from Bermuda
Floating production vessel contractor Altera Infrastructure is relocating its headquarters from Bermuda to its premises in Westhill, near Aberdeen.
IOG picks Noble rig for southern North Sea core project
Independent Oil and Gas (IOG) has awarded the rig contract for phase one of its core project to Noble Corporation.
Seven Nigerians held after special services stormed oil tanker now bailed
Seven Nigerian men detained after British special services stormed an oil tanker off the Isle of Wight have been bailed, police said.
Use of offshore rigs sees ‘largest monthly drop for 20 years’ – Rystad
Use of offshore drilling rigs globally has seen the largest monthly drop in 20 years, according to analysis from Rystad Energy.
Covid quarantine for oil vessel in Cromarty Firth
Crew members on an oil vessel in Cromarty Firth are isolating after a colleague who remains on board tested positive for Covid-19.