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Offshore Driller Noble Corp Q1 Earnings Beat Forecasts

Noble Corp., a leading offshore driller, reported first-quarter net income on Wednesday of $0.99 a share, higher than consensus forecasts, as new rigs helped lift revenues. ThomsonReuters I/B/E/S had forecast earnings of 70 cents a share or 82 cents a share excluding special items. Noble, whose fleet of 77 drilling units provides services oil and gas companies globally, said drilling revenues rose to $1.2 billion in the latest quarter from $928,737 a year earlier as several new rigs became operational and fleet operating days improved. (Reporting By Terry Wade)


Korean Shipyard to Construct Ultra-deepwater Rig for Seadrill

Seadrill announce Hyundai Samho Shipyard are contracted to build a harsh environment semi-submersible drilling rig To benefit from the current strong demand for high specification drilling units Seadrill announced that it has entered into a turnkey construction contract with Hyundai Samho Shipyard for the construction of a new harsh environment semisubmersible drilling rig. The new rig will be a sister rig of the harsh environment semi-submersible unit Seadrill's subsidiary North Atlantic


Keppel FELS Secures Order for $191m Jackup

Keppel FELS Limited (Keppel FELS), the wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), has secured a contract from PetroVietnam Drilling Investment Corp (PVD Invest) to build a $191m jackup drilling rig. The contract was secured following Keppel FELS’s successful delivery of PV Drilling I, a high quality jackup drilling rig, two months ahead of schedule in March 2007. Like PV Drilling I, the new rig will also be built to the KFELS B Class design


PPL Shipyard Wins $117.6M Rig Contract

PPL Shipyard, a subsidiary of SembCorp Marine won a $117.6 million contract from Mosbarron Ltd., a subsidiary of Awilco AS of Norway, for the construction of a Baker Pacific Class 375 Jack Up Rig. The contract includes an option for another three units of jack-up with price adjustment for increase in drilling package. The design of the 120-person jack-up rig is a proprietary design of Baker Marine Pte. Ltd, a wholly owned subsidiary of PPL Shipyard. It is designed to operate in 375 ft


Songa Providing Statoil with New Rig Type

Image courtesy Statoil

Statoil has awarded the contract for construction of two new drilling rigs for use on the Norwegian continental shelf (NCS) to Songa Offshore. The contract for the two category D rigs is worth an aggregate USD 2,47 billion for a fixed eight-year charter period. "Stepping up our industrialisation of the NCS we are very pleased to announce that Songa will help realise our industrial approach and we wish to give them recognition for their long-term perspective on this partnership"


New Rig Concept to Improve Recovery

Statoil_CatJandCatD web.jpg

Statoil is preparing an invitation to tender for a new type of drilling rig for mature fields on the Norwegian continental shelf (NCS). The new rigs, known as category J, will be jack-ups designed by the industry on behalf of Statoil. Statoil will propose for licence groups to take on ownership of these rigs. In order to realise the full potential of the NCS, increasing drilling activity on mature fields is important


Keppel FELS clinches $110M rig order

Keppel FELS Limited (KFELS), the offshore arm of Keppel FELS Energy & Infrastructure Ltd. (Keppel FELS), has signed a contract with Chiles Offshore LLC (Chiles) to build a $110 million jack-up rig of KFELS MOD V "B" design, cantilevered jack-up rig. Work is expected to start immediately, with delivery scheduled for around the second quarter of 2002. This rig is one of KFELS' ultra-premium proprietary jack-up designs which has been modified in this case for non-harsh environment usage


PPL Wins $117 Million Rig Contract

PPL Shipyard, a subsidiary of SembCorp Marine has won a $117.6 million contract from Mosbarron Ltd, a subsidiary of Awilco AS of Norway for the construction of a Baker Pacific Class 375 Jack Up Rig. The contract includes an option for another three units of jack-up with price adjustment for increase in drilling package. The design of the jack-up rig is a proprietary design of Baker Marine Pte Ltd, a wholly owned subsidiary of PPL Shipyard


GLM Poised for A Strong 2001

Global Marine (GLM) is a holding company that provides offshore contract drilling services on a dayrate basis and offshore drilling management services on a dayrate or fixed-price basis. The company has an active fleet of 31 mobile offshore drilling rigs and two ultra deep-water drillships under construction. The company also participates in offshore oil and gas exploration and development projects: operations conducted mainly in the U.S., the U.K., Nigeria, Canada and other countries abroad


Songa Offshore expects to secure financing for remaining rigs

Norwegian oil driller Songa Offshore is confident it can raise the debt it needs in order to pay for the last two rig newbuilds it has ordered, Chief Executive Bjoernar Iversen told Reuters on Tuesday. The two units have a combined price of just over $1.3 billion and will be used by oil major Statoil. In total, Songa has four new rigs under construction, of which the first two have secured financing. "As we have said earlier we have financing in place on the first two rigs for


Maersk Drilling profits down to USD 116m Q1 2014

Maersk Drilling - Jack Up Rig

  Maersk Drilling delivered a profit (NOPAT) of USD 116m (USD 146m) in the first quarter of 2014. The result was negatively impacted with USD 30m compared to the first quarter result last year mainly due to planned yard stays and the intake of two new rigs.


Seadrill Steers a Steady Course in Q1 2013

Drillship photo courtesy of Seadrill

In its first quarter 2014 financial results Seadrill reported revenues were US$1,221 million compared to $1,469 million in the fourth quarter of 2014.  The decrease is primarily due to the deconsolidation of the Seadrill Partners and downtime on the West Alpha, West Phoenix, West Pegasus


Maersk Drilling Orders 20K™ Blow Out Preventer & Risers

Maersk Drilling logo

  Maersk Drilling has ordered four Blow Out Preventers (BOPs) and two risers from GE Oil and Gas to be used in the Project 20K™ agreement with BP. The BOPs and risers are intended to be delivered and deployed on two Maersk Drilling 20K™ Rigs by year-end 2018


Kongsberg Delivers Unique Rig Training Model

Credit: Harald Nordbakken

Kongsberg Maritime recently delivered a new rig simulator model at Simsea, based on the Floatel Superior accommodation unit, which is currently in operation in the North Sea. Developed as a part of the Kongsberg K-Sim Offshore simulators already installed at Simsea


Dockwise Liftboats to Transport New Statoil Offshore Rigs

Artists impression of White Marlin courtesy of Dockwise

Dockwise, a wholly-owned subsidiary of Royal Boskalis Westminster N.V. (Boskalis) inform it has been awarded a contract by Statoil Petroleum AS for the transportation of two very large new jack-up drilling rigs from Korean shipbuilders to the North Sea


UMW Orders another Jackup Rig from Keppel

UMW NAGA 4 was delivered in February 2013.

Keppel FELS Limited, a subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has secured a contract from UMW Drilling 8 Ltd, a wholly-owned subsidiary of UMW Oil & Gas Corporation Sdn. Bhd., for a KFELS B Class jackup rig worth $218 million (USD).


Oil Drilling Slowdown to Last 12-18 Months

By Balazs Koranyi, Reuters The current slowdown in offshore oil and gas drilling will last 12 to 18 months, and the market for rigs will rebound in 2015, Maersk Drilling said, providing a more optimistic forecast than other drilling firms.


World's Largest Jack-up Rig Named

Worlds Largest Jack-up Rig: Photo courtesy of Maersk Drilling

In a ceremony held at the Keppel FELS shipyard in Singapore, the ultra harsh environment jack-up rig Maersk Intrepid was named in the presence of the Guest of Honour Mr Lui Tuck Yew, Minister for Transport in Singapore. With a leg length of 206


Kongsberg Delivers Simulator Upgrades

The new model will be used to train semi-submersible rig personnel in operation of Dynamic Positioning, position mooring system, stability / ballasting and rig move / anchoring. Photo courtesy: Harald Nordbakken.

The Simsea AS maritime training center in Haugesund, Norway, has chosen Kongsberg Maritime to support the extension of its offshore simulation facilities with new simulators and significant upgrades to existing simulators. Kongsberg Maritime has also recently delivered a new rig simulator model


Long Legs Jack-Up 'Maersk Intrepid' Delivered

Maersk Intrepid at night: Image Maersk Drilling

Maersk Drilling informs it has taken delivery of its first ultra harsh environment jack-up, 'Maersk Intrepid', from the Keppel FELS shipyard in Singapore, and on time. The new offshore jack-up rig will start its mobilisation to the Norwegian North Sea in approximately two weeks


GulfMark Offshore Records its Highest Ever Q1 Revenue

GulfMark OSV: Image credit the owners

Houston-based GulfMark Offshore President & CEO Quintin Kneen commented on his company's first quarter 2014 financial report: "We recorded our highest first quarter revenue ever, and we still expect 2014 to produce our highest annual revenue ever."


Salvage of Capsized Rig to Finish by March 2015

Photo courtesy of Saipem

Salvage work to remove a capsized rig lying in shallow waters offshore from Angola's new liquefied natural gas (LNG) export plant should be completed by March 2015, the company in charge of the operation said. The three-legged Perro Negro 6 drilling rig overturned last summer as it was being


U.S. Investigates Chinese Rig Move, Vietnam Complaints

United States urges caution in China/Vietnam dispute; both countries claim waters where structure located.China moves causing alarm among smaller regional players The United States said on Tuesday it was investigating the movement of a huge Chinese oil rig that Vietnam says has entered its


China's Dalian Shipyard to Build Deepwater Jack-Up

A LeTourneau jack-up: File photo

COSCO Corporation inform that its subsidiary Dalian Shipyard has been contracted to build a jack-up rig based on the LeTourneau Super 116E Class design. The US$184-million order has been placed by Derwent Ocean Limited S.A, part of Foresight Group.


Sembcorp Wins US$236-Million Jack-up Rig Contract

Image courtesy of Friede & Goldman

Singapore's Sembcorp Marine says that its subsidiary Jurong Shipyard has secured a US$236 million (about S$296 million) contract to build a high specification, tailor-made jack-up rig for new customer Hercules North Sea Ltd. Scheduled for delivery in the second quarter of 2016






 
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