Diamond Offshore posts fourth quarter loss of $145 million
Rig operator Diamond Offshore Drilling (NYSE:DO) posted a loss of $145 million as it released its fourth quarter results.
drilling rigs
Dolphin says HMRC court case could impact ‘500 offshore vessels’
Aberdeen-headquartered Dolphin Drilling (OSLO: DDRIL) has said "up to 500 offshore vessels" in the North Sea could be affected by court decisions in its ongoing dispute with tax officials.
Dolphin Drilling order backlog rises above $1bn in Q4 results
Aberdeen-headquartered Dolphin Drilling (OSE:DDRIL) has announced its fourth quarter (Q4) results as the company's order backlog rises above $1.1 billion (£870m).
Global offshore rig market could reach 96% utilisation in 2024
Westwood expects offshore rig dayrates to continue their upward trajectory across the board in 2024 as supply tightens.
Offshore drillers see no new rigs even as demand nears 2019 peak
As the world’s biggest offshore drillers gear up for more than $500 billion in new investments in the coming years, don’t expect rig contractors to meet the boom with a new round of vessel building.
WoodMac tips drilling rig day rates to hit $500k by year end
Day rates for securing drilling rigs are being forecasted to rise further as the oil and gas sector continues its bounce back.
Floating wind solutions from an unlikely ally: offshore drilling
The Scottish Government has set a target of becoming a net zero carbon nation by 2045 and is aiming to more than double its current renewable electricity generation by 2030. Its big bet to achieve this is wind power, given its low cost and the large potential for viable installations in North Sea waters.
Odfjell Drilling posts 2022 profits of $88m as sector continues bounce back
Odfjell Drilling (OSLO: ODL) remains comfortably in the black after a “highly impactful and exciting year” for the contractor.
Awilco Drilling preparing for final showdown with Keppel FELS over cancelled rig orders
It is nearing crunch time for Awilco Drilling in its long-running dispute with Keppel FELS over the cancellation of two major oil rig orders.
Well-Safe Solutions adding 100 jobs after agreeing £12.4m deal to buy WilPhoenix from Awilco Drilling
Dozens of roles are to be added to Well-Safe Solutions after the company struck a multi-million pound deal to buy a semi-submersible rig.
Archer takes $14m write down in Argentina
Oilfield services group Archer reported a strong final quarter of 2021, but will scrap 15 rigs in Argentina amid an ongoing ‘challenging’ environment.
Borr Drilling predicting rig utilisation levels to ‘improve rapidly’
Borr Drilling said it is seeing “stronger customer demand” for its rigs, with greater discussions and tending.
Offshore rigs lose $30billion in value over 12 months – Bassoe
Drilling rigs have taken a $30billion (£22.5bn) hit to their values over the last 12 months, according to Bassoe Offshore.
Chrysaor eyeing up more drilling in 2021
Chrysaor is looking to book two more drilling rigs to support its North Sea operations next year, according to the firm’s executive vice president of operations.
Valaris sinks to a loss as it looks to sell ageing rig
Valaris has sunk into the red as it seeks to sell off an ageing semi-submersible drilling rig.
Valaris hails ‘significant progress’ since Ensco-Rowan merger
Valaris has said it has made “significant progress” since the merger of Ensco and Rowan earlier this year.
Seadrill in survival mode as it deploys debt plan
Seadrill Ltd. is accepting lower and lower rates for its offshore drilling rigs to survive the worst slump since the 1980s as it deploys a plan to address the heaviest debt-load in the industry.
US natural gas prices hit 16-year low
US natural gas spot prices in 2015 hit the lowest annual average level since 1999, according the country's Energy Information Administration.
North Sea veteran rigs to be broken up
The Transocean semi-submersible drilling rigs JW McLean and GSF Arctic III are on their way to scrappers in Turkey.
Oil giant rig safety assessments slammed
BP focused too much on the little details of personal worker safety instead of the big systemic hazards that led to the 2010 Gulf of Mexico oil spill and was not as strict on overall safety when drilling rigs involved other companies they hired, a US government safety panel has concluded.
Shell’s Arctic drill flotilla
A flotilla of drilling rigs and ancillary vessels has sailed from Seattle, Washington bound for Dutch Harbor, Alaska in readiness for Shell's exploration campaign in the Beaufort and Chukchi Seas offshore Alaska.
Drilling rig work secured
Aberdeen marine-technology company Nautronix said yesterday it had won contracts worth more than half a million pounds for work on two drilling rigs in south-east Asia.
Vanguard gets Statoil spar to transport
Dockwise has won a contract to transport the Aasta Hansteen (formerly Luva) spar buoy to the Norwegian sector of the North Sea from either South Korea or Finland, depending on client Statoil's yard choice.
Total boss sets out Elgin position
Philippe Guys, Total E&P UK managing director, today spoke to reporters about the incident on the Elgin platform 150 miles east of Aberdeen.
Call to block deep-sea drilling by BP
Environmental campaigners have called on the UK Government to halt BP plans to begin a deep-sea drilling operation west of Shetland in the wake of the Gulf of Mexico disaster.