KCA Deutag wins £115million contract extensions in Oman
Aberdeen-headquartered KCA Deutag has announced the award of contract extensions worth more than $150m (£115million) in Oman.
rigs
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.
‘Too many rigs carrying too much debt’ – Seadrill falls to £1.2bn loss and plans restructuring
Seadrill fell to a £1.2billion pre-tax loss at the start of the year off the back of heavy impairments for its rigs which are dropping in value.
Cromarty Firth rig count rises to 17 as low oil prices hit home
The number of rigs anchored in the Cromarty Firth rose to 17 this week, as low oil prices continued to hit the oil and gas industry.
At $30 oil, offshore drillers may be out of options
With the oil price crash and COVID-19, the near-term outlook for the offshore rig market is on a lot of minds.
Profits plummet 90% for Diamond Offshore’s UK business
Lower dayrates and fewer revenue-earning days saw profits drop by more than 90% at Diamond Offshore’s UK business.
Awilco challenges £7.7m tax bill from HMRC
Rig contractor Awilco Drilling said today that it had appealed against the UK taxman’s decision to slap it with a £7.7 million bill.
Wheels of recovery in motion for rigs market, analyst says
The wheels of recovery are undoubtedly in motion for the global offshore rigs market, analyst said today.
Ensco raises offer for merger with rival rig contractor Rowan
Rig contractor Ensco has increased its takeover offer for rival firm Rowan.
Lamprell secures contract for construction of two rigs
Lamprell has received a letter of intent for the construction and delivery of two jackup drilling units.
Controversial Cromarty Firth rigs in lockdown as second heavy lifter exits
One of the two heavy lift vessels which arrived in the Moray Firth around New Year is finally leaving Scottish waters with a rig.
Strength of oil price sees jackup rig values increase by 36% in a year
The value of jackup rigs has increased by 36% over the last year due sustained strength shown in the oil price, according to analytical website vesselsvalue.com.
PICTURES: Waiting game for Chinese heavy lifters as Cromarty rigs stay put
Two Chinese heavy lift transport ships remain anchored off Nairn as they await a decision on whether they can remove a number of rigs from Cromarty Firth.
Stacked rigs bring Cromarty Port ‘unfortunate’ financial boost
A dozen rigs stacked in the Cromarty Firth because of the oil and gas downturn brought an “unfortunate” financial boost for the body responsible for the waters last year.
VIDEO: Rowan rig leaving Dundee
Video footage of an oil rig leaving Dundee has been published online. The clip, uploaded to YouTube by Stuart Burns, shows the Rowan Gorilla V rig being towed up the Tay and past Broughty Castle. The 20,000-tonne vessel arrived in the city in June.
World’s largest rig builder Keppel cut 10,000 staff last year, posted smallest profit in a decade
The world’s largest builder of oil rigs cut its workforce by more than 10,000 people in 2016.
Three in five Norway rigs out of contract from January, 11,400 jobs at risk
Roughly three in five rigs on the Norwegian continental shelf will be without a contract from January, putting 11,400 jobs at risk, a news report said.
Rowan, Saudi Aramco sign deal on offshore drilling rigs
Rowan Companies has struck a joint venture with Saudi Aramco to operate offshore drilling rigs in Saudi Arabia.
Cromarty Firth firms urged to keep faith in oil and gas
The head of Oil and Gas UK (OGUK) has urged the Cromarty Firth’s supply chain companies to “keep the faith” amid signs of a “fragile confidence” returning to parts of the North Sea industry.
Sodexo to cut 45 jobs from its Norwegian operations
Sodexo will cut 45 staff from its Norwegian operations.
US rig count on the rise, Canada down, says Baker Hughes
The Us rig count was up eight week-on-week to 497, according to the latest figures from Baker Hughes.
Oil declines as dollar advances on strong US employment data
Oil fell as the dollar rebounded on strong jobs data, reducing the appeal of investments in commodities.
Drillbits: Hard times and no let-up in sight for drilling iron
As the Wall Street reporting season grinds along, the news from the oil-patch is, by and large, gloomy with the exception of US onshore drilling where there is a distinct uptick in shale-related activity.
COSL Drilling to axe 230 jobs
COSL Drilling Europe said 230 jobs will go after Norwegian operator Statoil cancelled a contract with the company.
Number of rigs drilling in US drops to lowest level since 1940
The number of rigs drilling for oil and natural gas in the US has fallen to its lowest level since at least 1940.