The North Sea semisubmersible (semisub) market hit 100% utilisation at the height of summer this year, however the reality is that shrinking supply has accentuated this, rather than soaring demand.
Offshore rig operator Diamond Offshore Drilling (NYSE:DO) returned to profit with $11.6 million in Q1 earnings, a marked turnaround from its previous quarter loss.
The Ocean GreatWhite rig was working for BP in the West of Shetland when the incident took place
Diamond Offshore's (NYSE:DO) Ocean GreatWhite is facing an additional month out of action after an equipment collapse incident in the West of Shetland.
The Ocean GreatWhite, the world's largest semisubmersible oil rig, is back to Kishorn after an equipment collapse incident in the West of Shetland.
Diamond Drilling’s Ocean GreatWhite rig will return to port in the coming days for the first time after drilling equipment collapsed during a storm in early February.
Keir Starmer was up in Aberdeen recently but did he listen to the industry?
The Ocean GreatWhite was working for BP around 125 miles west of the Shetland Islands.
Ocean GreatWhite rig to continue existing contract with BP until August 2024 while Ocean Patriot will commence a new deal with Taqa in early 2025.
Diamond Drilling (NYSE:DO) reversed Q1 losses to post a healthy profit in the second quarter, as stronger demand upped dayrates for its units.
The Ocean Patriot, released early from its Apache North Sea contract, is off to work for Repsol Sinopec.
The mammoth Ocean Greatwhite rig has been deployed West of Shetland, where it has begun a five-well campaign for BP (LON:BP) lasting into 2024.
A huge oil rig, sporting legs more than 200 metres in height, has become the largest ever vessel to visit the Port of Aberdeen.
One of the world’s largest deepwater rigs, the Ocean Greatwhite, has returned to Kishorn Port on Scotland’s west coast after a high-profile visit nearly four years ago.
Diamond Offshore (NYSE: DO) has been awarded $610 million of new contracts, with a new gig in the UK North Sea for the Ocean GreatWhite.
Bosses at Kishorn Port say “momentum” is building as they work towards a multi-million pound extension of the drydock to capitalise on North Sea decommissioning.
A redeveloped Highland port is aiming to use a stricken cargo ship to showcase its credentials for oil and gas decommissioning.
A senior diving boss has described how his son has been “crippled by incompetence” while preparing an oil rig for work in the North Sea.
Diamond Offshore has announced a £39million extension with Apache in the UK North Sea as part of £480million in new work secured in 2019.
A Scottish dry dock which is seeking to host major North Sea decommissioning and renewables projects has received a £1million upgrade.
Westwood Global Energy reports that, as of October 29, there were four active exploration wells and four appraisal wells drilling in the UK.
Simulator training to prepare crews for the specific drilling conditions at Blackrock off Shetland has proved so successful it is being rolled out across other projects.
Siccar Point Energy has kicked off drilling at its Lyon prospect in the West of Shetland.
Diamond Offshore saw its losses widen in the first part of 2019.
A giant drilling rig is to pass through the Minch this week as it leaves the port of Kishorn after re-fitting work.