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Offshore Rig Count

Wolrdwide Offshore Rig Counts Continue To Rise Offshore rig counts continue to rise, according to Offshore Data Services' weekly mobile offshore rig count. The U.S. Gulf's offshore rig utilization rate jumped over 80 percent for the first time since late 1998 due to a net five-rig increase in contracted rigs in the region. This week, 161 of 199 rigs are under contract in the region. U.S. Gulf mobile offshore rig utilization is 81.0 percent. Worldwide rig counts rose as well, with a net seven-rig increase in the number of rigs under contract recorded on a week-to-week basis. The week, 517 of the world's 640 mobile offshore drilling rigs are under contract. Worldwide offshore rig utilization is 80.8 percent. A net one-rig increase in the European offshore rig count boosted fleet utilization in the region to 84.8 percent this week. Currently, 89 of the 105 mobile offshore drilling rigs deployed in European waters under contract.


Worldwide/U.S. Gulf Rig Counts Rise

The U.S. Gulf of Mexico and worldwide offshore rig counts increased since last week, while the European offshore rig count was unchanged, according to Offshore Data Services' weekly mobile offshore rig count. The worldwide offshore rig count increased by five compared to last week. This week, 471 of world's 631 mobile offshore drilling units are under contract. Worldwide offshore rig utilization is 74.6 percent. The U.S


U.S. Offshore Rig Count Hits 17-Month High

The U.S. Gulf of Mexico rig count stands at 150 this week, its highest level since July of 1998. According to Offshore Data Services' weekly mobile offshore rig count, 150 of the 191 offshore rigs in the U.S. Gulf of Mexico are under contract this week. U.S. Gulf mobile offshore rig utilization is 78.5 percent. The improved rig count has been driven primarily by strong domestic natural gas prices, however, natural gas prices have weakened in recent weeks


Offshore Rig Utilization Reaches Three-Year High

Worldwide offshore rig utilization was the highest in almost three years during the week ending April 27, according to ODS-Petrodata Group. Global rig utilization climbed 0.4 percent to 90.1 percent, due to a three-rig net increase in contracted rigs, ODS-Petrodata reported. Of the world's 649 offshore rigs, 585 are under contract. Worldwide rig utilization is the highest since August 1998. U.S. Gulf rig utilization is also the highest in almost three years


Offshore Rig Counts Unchanged

The offshore rig count pattern of recent weeks continues. According to Offshore Data Services' weekly mobile offshore rig count, the U.S. Gulf of Mexico rig count increased and the European offshore rig count declined. A three-rig increase in the U.S. Gulf of Mexico rig count since last week boosted that number to 142. Fleet size remains unchanged at 190 rigs. Fleet utilization is 74.7 percent. The continuing increases in rig demand in the region have resulted in rising rig rates


Little Change Seen In Offshore Rig Counts

Offshore rig activity changed little from last week, according to Offshore Data Services' weekly mobile offshore rig count. In the U.S. Gulf of Mexico, 145 of 191 mobile offshore drilling rigs are under contract this week, a one-rig decline compared to last week. U.S. Gulf drilling fleet utilization is 75.9 percent. In European waters, 74 of 107 mobile offshore drilling rigs are under contract this week, a one-rig increase compared to last week


Rig Utilization Up in Europe, Down Worldwide

Offshore rig utilization rose in Europe but declined worldwide and in the U.S. Gulf of Mexico during the week ending June 1, according to ODS-Petrodata Group. European rig utilization rose by one percentage point to 95.1 percent this week after another rig was placed under contract. Of the regions 102 rigs, 97 are under contract, according to ODS. But worldwide rig utilization fell to 89.6 percent as the number of contracted rigs declined by two


Offshore Rig Counts Make Mixed Moves

Offshore rig counts in the world's largest drilling markets made mixed moves this week, bringing the end to a year that was less than kind to the world's offshore rig owners. The U.S. Gulf of Mexico rig count declined by two rigs since last week, and now stands at 149. Fleet size is unchanged at 192 rigs. Fleet utilization is 77.6 percent. The European offshore rig count increased by one rig with the delivery of a new rig that has a firm work commitment


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


Worldwide Offshore Rig Utilization Drops

Worldwide rig utilization decreased the week ending December 15, according to Offshore Data Services (ODS). With 560 of the world's 647 mobile offshore drilling rigs under contract, worldwide offshore rig utilization fell 0.6 percent to 86.6 percent. The rig utilization rate in the U.S. Gulf of Mexico fell because of a one-rig decrease, bringing the number of mobile offshore drilling rigs in the Gulf under contract to 181 out of 207, bringing utilization down 0.9 percent to 87.4 percent


Norway Appeals Court Clears Transocean in Tax-evasion Case

Offshore rig firm Transocean was cleared of accusations of tax evasion in a civilian case brought by the Norwegian state, a Norwegian appeals court said in a verdict on Monday.   By reversing the verdict made by a lower court, Transocean avoided claims of about 400 million Norwegian crowns


Maersk Invincible Delivered

Photo Maersk

Maersk Drilling has taken delivery of its fourth XLE jack-up rig, the Maersk Invincible, from Daewoo Shipbuilding and Marine Engineering (DSME) in South Korea. Maersk Invincible will now mobilise to the North Sea and will in the second quarter of 2017 commence a five year firm contract with Aker


Shaw Takes the Helm at ASRY

Andrew Shaw (Photo: ASRY)

Andrew Shaw has taken up his new position as chief executive at ASRY,  ship and rig repair yard in the Arabian Gulf. Effective January 4,  Shaw will lead the firm as it enters its 40th year of operation. He re-joins the company after previously holding the position of general manager of


MTNW Rebrands as Rugged Controls

Rugged Controls, LLC announced its launch, evolving from Measurement Technology NW Line Control Instruments (LCI) group, who since 2001 has provided line control, tension monitoring, and winch monitoring equipment.   Rugged Controls said it will continue to manufacture MTNW’s previous


Keppel FELS Resells Jackup Rig

Photo Keppel Offshore & Marine

Keppel Corporation Limited (the “Company” or “KCL”) refers to its announcement on 2 August 2013 on the construction contract ("Construction Contract") entered between Keppel FELS Limited (“KFELS”)


Mermaid Terminates Newbuild Drilling Rigs Contract

Image: Mermaid Maritime

 Mermaid Maritime and China Merchants Industry Holdings (CMIH) have mutually agreed to cancel the construction contract  for the construction of tender assist drilling rigs to be named ‘MTR-3’ and ‘MTR-4’  respectively.  


Shell Wells Come Up Dry in Tanzania

Map: Ophir Energy plc

 Ophir and its joint venture partners, BG Tanzania (Shell) and Pavilion Energy, have concluded the drilling of two exploration wells offshore Tanzania, safely and on time.   The programme comprised Kitatange-1 in Block 1 and Bunju-1 in Block 4


US Rig Count Recovers to Near Year-ago Levels

© Georg Lehnerer / Adobe Stock

The U.S. oil rig count ended 2016 just below year-ago levels as drillers added rigs this week as part of the biggest recovery since a global oil glut crushed the market over two years.   Drillers added two oil rigs in the week to Dec. 30, bringing the total count up to 525


Aramco Extends Seadrill Jack-up Deals

AOD1. Photo: Seadrill Limited

 Seadrill, a London-headquartered offshore drilling contractor, said that Asia Offshore Drilling (AOD) has received three-year contract extensions for two jack-up rigs from Saudi Aramco.    The jack-ups AOD I and AOD II received three year contract extensions from Saudi Aramco


DNV GL forms Committee for Offshore Equipment Manufacturers

Nick Prokopuk, Antony DSouza, Herman DeJong, Nick Roper (DNV GL) presented a certificate of appointment as Chairman to Ian Friesen (NOV) Photo DNV GL

The NAOEMC is comprised of a group of industry experts and leaders that establish expectations and align the industry for future growth and development in offshore equipment manufacturing. The formation and sponsorship of industry committees is a longstanding tradition within DNV GL


Schlumberger, Transocean Ink Service Agreements

Logo

Cameron, a Schlumberger company, today announced the signing of two 10-year pressure control equipment management service contracts on behalf of Transocean valued at greater than $350 million. The first contract calls for Schlumberger to manage Transocean’s Cameron risers in the Gulf of


US Drillers Add Oil Rigs for 8th Week in a Row -Baker Hughes

U.S. energy companies added oil rigs for an eighth week in a row, extending a seven-month drilling recovery as crude prices remained near a 17-month high.   Drillers added 13 oil rigs in the week to Dec. 23, bringing the total count up to 523, the most since December 2015


Lamprell Delivers Jackup Rig to NDC

Photo of the Naming ceremony Courtesy Lamprell

Lamprell announced the completion of construction on the jackup drilling rig, “Al Gharbia”, and its delivery to Abu Dhabi’s National Drilling Company (‘NDC’).  Completion and delivery of the jackup rig, on time and on budget


Delivery of Seventh Drilling Unit to NDC

Photo courtesy of Lamprell

Lamprell (ticker: LAM), a provider of diversified engineering and contracting services to the energy industry, announced the completion of construction on the jackup drilling rig, Al Gharbia, and its delivery to Abu Dhabi’s National Drilling Company (NDC).   


DNV GL Launches North American OEM Committee

DNV GL inaugural meeting of the NAOEMC. Photo by DNV GL

 DNV GL's Center of Excellence for Drilling & Well Control Equipment recently hosted the inaugural gathering of the North American Offshore Equipment Manufacturers' Committee (NAOEMC).    The NAOEMC is comprised of a group of industry experts and leaders that establish






 
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