A ‘supercycle’ in oil rig day rates could be imminent, say industry experts
A supercycle in oil rig day rates could be around the corner as confidence floods back to the North Sea.
Awilco
Market signals more North Sea drilling work and higher contract values, Awilco says
Rig owner Awilco said today that a number of positive signs pointed to more drilling work and higher contract values in the North Sea.
Serica says flow test puts third Rhum well at ‘upper end’ of expectations
Serica Energy said today it had overcome technical challenges to perform a flow test on the Rhum gas field's third production well in the northern North Sea.
Aubin project manager prevails in Decom Awards rising star category
A project manager at a north-east firm shined brightest out of a trio of budding decommissioning experts to win a prestigious award today.
Ithaca picks Awilco rig for North Sea exploration well
Rig contractor Awilco said today it would drill an exploration well in the UK North Sea for Ithaca Energy.
Contract terminations drive troubled Awilco to losses of $156m
Drilling contractor Awilco crashed to pre-tax losses of $156 million in 2020, widening from a deficit of $30m in 2019 and driven by impairments and cancelled rig construction deals.
Awilco CEO resigns as troubled rig contractor reaches ‘crossroads’
Awilco chief executive Jens Berge has quit, saying the troubled drilling rig contractor had reached a “crossroads”.
Serica Energy runs into ‘frustrating’ delays on Rhum project
Bosses at Serica said today that work to bring a third well at the Rhum field into production has run into “frustrating” and costly delays.
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.
Keppel starts arbitration against Awilco over cancelled rig order
Singaporean rig builder Keppel Fels has commenced arbitration proceedings to challenge Awilco's decision to terminate a $425 million order.
Legal action looms between Keppel and Awilco over cancelled rig deal
Rig builder Keppel Fels is "considering legal options" after Oslo-listed contractor Awilco pulled the plug on a $425 million order.
Serica books Awilco rig for Rhum well job
Awilco Drilling has signed a letter of intent with Serica Energy for the provision of WilPhoenix for a one well workover on the Rhum field.
Transformation on the cards for struggling offshore supply chain, Woodmac says
With margins staying “razor thin” and cost pressures continuing to bear down, the offshore supply chain may take on a “whole new look” this year, according to a Wood Mackenzie analyst.
Updated: Awilco in new £325m rig order, appoints new CEO
North Sea contractor Awilco Drilling has ordered a new semi-submersible rig for £325 million – and found a new chief executive.
Awilco in the red as WilHunter struggles to find work
North Sea contractor Awilco Drilling slid into the red last year as it struggled to find work for one of its two rigs.
Driller Awilco in the red, starts work on Shell’s Puffin location
North Sea drilling contractor Awilco kicked off operations at Shell UK's Puffin location in the third quarter of 2018.
Awilco, Alpha drilling campaign deal falls through
Awilco's deal to supply Alpha Petroleum Resources with a rig for a UK North Sea campaign has fallen through.
Awilco in $13.8m rig contract award
Awilco Drilling has received a new booking for its WilPhoenix rig with an unspecified client. Westhill-based Awilco said the contract was worth $13.8million dollars. The contract will commence immediately after the agreement with Apache North Sea ends in the second quarter.
Awilco profits plummet due to rig’s late return to work
Profits at Aberdeen offshore drilling company Awilco nosedived in the second quarter due to the late return to work of one of its two rigs amid a row with Apache North Sea.
Awilco and Apache at loggerheads over WilPhoenix status
Awilco Drilling and operator Apache are at loggerheads over the yard stay for Awilco's drilling rig WilPhoenix.
Awilco profits jump but rigs face lay-up in 2016
Awilco Drilling has seen profits increase in the third quarter of 2015, but warned rig layup was likely to increase next year.