Offshore Rig
Offshore Rig Utilization Hits 2-Year High
Worldwide offshore rig utilization hit a fresh two-year high the week ending March 23, according to ODS-Petrodata Group. Global rig utilization climbed 0.5 percent to 88 percent, due to a three-rig net increase in contracted rigs, ODS-Petrodata reported. Of the world's 649 offshore rigs, 571 are under contract. Utilization is the highest since October 2, 1998 when it reached 88.7 percent. U.S. Gulf rig utilization remained unchanged at 88.1 percent, with 185 out of the region's 210 mobile offshore rigs under contract. European offshore rig utilization remained unchanged at 92.1 percent, with 93 of the region's 101 mobile offshore rigs under contract.
U.S. Gulf rig utilization still climbing
U.S. Gulf rig utilization still climbing U.S. Gulf and worldwide offshore rig demand increased again this week, according to Offshore Data Services' weekly mobile offshore rig count. Offshore rig utilization in the U.S. Gulf is at 85.5 percent. U.S. Gulf rig utilization has not been this high since August 1998. This week the number of rigs under contract rose to 177; only 30 of the region's 207 rigs are available.
Offshore Rig Utilization Is Up
Worldwide offshore rig utilization rose this week due to increased drilling rig demand in Europe and the U.S. Gulf of Mexico, according to Offshore Data Services (ODS). The European offshore rig count increased by three rigs, with 92 of the 101 rigs in the region under contract, boosting utilization to 91.1 percent, ODS said. The number of rigs being used in the U.S. Gulf of Mexico remained rose by two to 182 under contract out of 210, putting utilization at 86.7 percent
Rig Utilization Up In GOM
Worldwide offshore rig utilization fell slightly during the week ending January 12, but ticked higher in the U.S. Gulf, according to Offshore Data Services (ODS). The number of worldwide mobile offshore drilling rigs under contract fell by one to 556 of the world's 648. Worldwide offshore rig utilization fell to 85.8 percent. The number of rigs being used in the U.S. Gulf of Mexico fell to 179 under contract out of 208, with utilization down to 86.1 percent
GlobalSantaFe SCORE Shows Improvement
Houston-based worldwide oil and gas drilling contractor GlobalSantaFe Corporation reported that the company's worldwide SCORE, or Summary of Current Offshore Rig Economics, for July 2002 was up from the previous month's SCORE by 1.7 percent. GlobalSantaFe President and CEO Sted Garber said, "This month's SCORE showed real improvement in the Gulf of Mexico offshore rig market during July, as the supply for certain classes of jackup rigs in this region tightened and drove dayrates higher
SembCorp Completes Rig Job
SembCorp Industries reported that its engineering and shipyard units have jointly completed the fabrication and assembly of an offshore rig for Woodside Energy of Australia. The vessel - Northern Endeavour - is owned by Woodside Energy of Australia, Shell Development (Australia) and BHP Petroleum. The barge type steel hull vessel has an oil storage capacity of 1.4 million barrels and was scheduled to start production in October.
GlobalSantaFe Reports 1Q Results
GlobalSantaFe Corporation reported net income for the quarter ended March 31, 2002, of $77.1 million, or $0.33 per diluted share, on revenues of $464.0 million. This compares to net income of $40.7 million, or $0.34 per diluted share, on revenues of $274.8 million for the quarter ended March 31, 2001. The 2001 financial results reflect only historical Global Marine, prior to the merger that formed GlobaSantaFe, so some comparisons to these results may not be meaningful.
GlobalSantaFe West Africa and Southeast Asia SCORE Show Improvements
Worldwide oil and gas drilling contractor GlobalSantaFe Corporation reported that the company's worldwide SCORE, or Summary of Current Offshore Rig Economics, for March 2003 was flat with the previous month's SCORE. GlobalSantaFe's SCORE compares the profitability of current mobile offshore drilling rig dayrates to the profitability of dayrates at the 1980-1981 peak of the offshore drilling cycle. In the 1980-1981 period, when SCORE averaged 100 percent
Offshore SCORE Continues Decline
GlobalSantaFe Corporation reported that the company's worldwide SCORE, or Summary of Current Offshore Rig Economics, for April 2004 was down 4.5% from the previous month's SCORE. GlobalSantaFe's SCORE compares the profitability of current mobile offshore drilling rig dayrates to the profitability of dayrates at the 1980- 1981 peak of the offshore drilling cycle. In the 1980-1981 period, when SCORE averaged 100 percent
GlobalSantaFe's Worldwide SCORE Supported By International Areas
Houston-based offshore drilling contractor GlobalSantaFe today reported that the company's worldwide SCORE, or Summary of Current Offshore Rig Economics, for November 2001 was essentially level with the previous month's SCORE. GlobalSantaFe President and CEO Sted Garber said, "The worldwide SCORE remained stable in November, in spite of oil price uncertainties and continued weakness in the Gulf of Mexico. The prevalence of longer drilling programs and robust utilization continued to
Equalizer to Launch Spreading Wedges at OTC
In his State of the Union speech, President Obama cited America's aging energy, oil and gas and petrochemical infrastructure as cause for concern and that steps should be taken to fix issues before breakdowns occur. Failures and unplanned downtime become an increasing possibility as refineries
GE Wins More Than $600m to Expand Brazil’s Pre-Salt O&G Fields
In the last 12 months, GE has won contracts valued at more than $600 million to provide propulsion systems with customers in the pre-salt oilfield expansion off Brazil’s east coast. GE’s systems will power, propel, navigate, position and control drillships and also power and control
Drill Rigs Bound for Alaskan Waters Get Green Light
Coast Guard inspectors conducted certificate of compliance examinations on two mobile offshore rigs heading for Cook Inlet. Inspectors from Coast Guard Sector Anchorage, Marine Safety Detachment Homer and Marine Safety Unit Texas City successfully examined the vessels to verify compliance with
Keppel Retrofit VLCC BWTS
Keppel Shipyard undertakes Singapore’s first Ballast Water Treatment System (BWTS) retrofit project for a VLCC. MOL Tankship Management (Asia) Pte Ltd (MOL) has awarded Keppel Shipyard with a landmark Ballast Water Treatment System (BWTS) retrofit project
Latest Offshore Rig Count
Baker Hughes Incorporated announce the international offshore rig count for January 2013 was 307, up 8 from the 299 counted in December 2012. The count is unchanged from the 307 counted in January 2012. The average U.S. offshore rig count for January 2013 was 53
Pacific Drilling Keeps on Drilling
None of Pacific Drillings ultra-deepwater drillships are affected by a recent BSEE safety alert. Concerning the recent U.S. Bureau of Safety and Environmental Enforcement (BSEE) safety alert regarding GE connectors and bolts, the company reports that none of Pacific
Keppel FELS Delivers First of 20 Rigs for 2013
Keppel FELS is delivering its first rig of 2013, 'Dynamic Vision', to Dynamic Offshore subsidiary Vision Drilling. The KFELS B Class jackup rig, Dynamic Vision, is the first of the 20 offshore rigs that Keppel FELS is expected to deliver in 2013 and will be delivered almost two months ahead of
Odfjell Drilling Selects IFS Offshore Service Applications
IFS contracted by engineering & well service company Odfjell Drilling to supply business processes solutions. The contract includes licenses and the first phase of the implementation project. Odfjell Drilling Group is an international drilling contractor providing mobile offshore drilling
Singapore's PPL Shipyard Gets Jack-up Rig Orders
Sembcorp Marine's PPL Shipyard secures rig orders worth US$434-million to build two jack-up rigs for the Mexican market. PPL Shipyard has secured two turnkey contracts with a combined value of US$434 million for the construction of two units of jack-up rigs from Integradora de Servicios
Wärtsilä Awarded Order for Six Brazilian Drill Ships
Wärtsilä, the marine industry's leading solutions and services provider, has been awarded the contract from Jurong Shipyard Pte Ltd, a subsidiary of Sembcorp Marine to supply main generating engines and thrusters for six new deep water drill ships to be built in Brazil at Estaleiro
GE Power Conversion Inks Petrobas Drilling Rig Contracts
GE’s Power Conversion Business signs US$120-million contracts to support Petrobras’ Pre-Salt Drilling Program. GE’s Power Conversion business has been selected by Keppel Offshore & Marine Ltd, a leading designer and builder of high-performance mobile offshore rigs
Schat-Harding Strengthens North Sea Support
The world’s leading lifeboat and davit manufacturer Schat-Harding has strengthened its support for North Sea operators by opening new offices and service centres in Bergen and Stavanger. Both bases will focus on delivering in-service support and maintenance for lifeboats and davits in the
Deepwater Drillship Off Angola Wins Accolade for Maersk
Maersk Drilling takes the first challenging step into deepwater drilling in West Africa, 'Maersk Deliverer' voted 'Rig of the Month'. Maersk Drilling has entered Angola for the first time and after only one full month in operation for Cabinda Gulf Oil Company Limited
Gibdock Completes Semi-Sub Project
Gibdock has completed its work on the semi-submersible accommodation platform, Etesco Millennium - the first offshore platform project to be undertaken by the yard in almost 15 years. The semi-sub’s eight-month stay at the yard represented an important milestone for the Gibraltar
EFC Group Develops RIS for Baker Hughes
EFC Group deliveres on an innovative mechanical handling contract to provide a Rigless Intervention System (RIS) for Baker Hughes Aberdeen, Scotland, based EFC Group designed, built and delivered the Mastiff™ RIS following a brief from the oilfield services company, and the