Ensco entered into a three-year contract with NDC for a new premium jackup, ENSCO110. This newbuild rig is scheduled to begin operations later this month offshore United Arab Emirates at a rate of approximately US$114,000 per day. NDC…
Drill rig fleet operators are dropping dayrates as the market is squeezed due to the precipitous fall in global crude price. Industry insiders say dayrate bargaining by upstream companies is the play of the day. Rigs operating in the Middle East are particularly exposed…
Northern Offshore is delaying the delivery of two of its high specification jackups due to the downturn of the drilling market. The West Navigator. From NADL. Northern was able to…
Offshore drilling rig operators have put a positive spin on the tough market conditions, suggesting that the downturn could improve the global fleet and offer opportunities to buy distressed assets. Seadrill CEO and President Per Wullf said while…
Claxton is extending its large surface riser inventory to meet operators’ needs as more heavy-duty jackup rigs enter the North Sea. The company is adding new joints in the size and pressure required to interface with the blowout preventer (BOP) stacks on the new rigs…
Houston-based Paragon Offshore has launched a bid to take over Prospector Offshore Drilling by buying 55.8% of the Oslo stock market-listed drilling firm's stock. Paragon, which spun out of Noble Corporation in August this year, said…
Marine Contracting has opened an Australian office in Perth to service the Australian offshore market. The company will also open a new yard to house its offshore equipment in Karratha. Key services that Marine Contracting will provide include permanent mooring and riser installations…
Blue Ocean Drilling Ltd. (BOD) awarded China’s Shanghai Waigaoqiao Shipbuilding (SWS) a contract to build two Gusto MSC CJ50 high specification jackup rigs. Image from Blue Ocean Drilling. Upon the terms of agreement…
Aqualis Offshore, part of Aqualis, has signed a three-year rig moving services contract with Saudi Aramco for the firm's jackups in the Arabian Gulf. Aqualis Offshore will support Saudi Aramco with rig moving services and personnel from Aqualis Offshore’s offices in the Middle East region…
Mexico’s Pemex awarded an offshore multi-site geophysical and geotechnical survey to Fugro and Constructora Subacuatica Diavaz, S.A. de C.V. The contract, valued at US$31.5 million, includes offshore operations, laboratory testing and…
Caterpillar Oil & Gas says its Cat C175 and Cat 3516B generator sets have been selected to power five high spec Super Class B jackup rigs. Each rig will be equipped with five Cat C175 generator sets, each with rated power of 1833 ekW at 60 Hz (1200 rpm)…
Houston based drilling and floating production firm Northern Offshore is considering spinning off its sole floating production platform (FPF) into a new business (pictured). The firm operates the semisubmersible Northern Producer FPF…
Three newbuild jackups based on the XL Enhanced design will hit the market in 2014, 2015, and 2016. Photo from Maersk Drilling. A number of rig providers are increasing their fleet with builds over the next three years…
Ensco plc sold its ENSCO 85 jackup rig for $64 million, the company announced on 24 April 2014. The sale is part of trend among jackup rig providers including Transocean, Maersk Drilling, Noble, and Seadrill to modinize their fleets (See 'Jackups on the rise' in OE May 2014)…
Pemex has contracted with Houston-based Diamond Offshore Drilling Inc. for an additional semisubmersible drilling rig, according to DODI's fleet status report issued yesterday. The Ocean Ambassador semisub, built in 1975, is rated to work in 1100ft water depth…
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