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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


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


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


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


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 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 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


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


US Issues Potential Setback to Shell's Arctic Drilling

The Obama administration issued a potential setback to Royal Dutch Shell's  Arctic oil exploration plans on Tuesday, telling the company that established wildlife protections prevent it from drilling two rigs simultaneously within 15 miles (24 km) of each other, as it had planned.  


Statoil to Suspend Saipem Rig Contract

Image: Saipems Scarabeo 5 rig (Statoil)

Norwegian oil major Statoil said on Wednesday it will suspend a rig contract with Italy's Saipem due to overcapacity in its rig portfolio. The suspension of Saipem's Scarabeo 5 rig will take effect from the middle of August, and will last until March 1 next year, Statoil said in a statement.


San Leon Signs Moroccan Rig Deal

Deal signed for Rig for its El Aaiun-4 well on the Tarfaya licence

  San Leon Energy signed a rig contract for the drilling of the El Aaiun-4 well on the Tarfaya conventional licence, onshore Morocco. The rig contract has been signed with Entrepose Drilling for the Cabot 750 rig. The well is expected to spud in the second half of August 2015


Viking O&M Secures Rig Contract from a Chinese Firm

Picture of the 1,500-bhp train-type land drilling rig. Credit: Viking Offshore and Marine Limited

 Viking Offshore & Marine has secured a 48-month charter for a second land drilling rig system for US$31 million ($41.8 million).   Viking’s subsidiary Viking LR2 will charter the 1,500-bhp train-type land rig and related drilling equipment system to a Chinese land rig


Shell Arctic Rig Departs Seattle Surrounded by Protesters

 A Royal Dutch Shell PLC drilling rig that will search for oil in the Arctic pulled out of its temporary base in Seattle on Monday for the trip north to Alaska as dozens of activists in kayaks tried to stop its movement, authorities said.  


DNV GL's P&A Guideline Could Save O&G $ 32 bln

Per Jahre Nilsen

The plugging and abandonment (P&A) of offshore wells represents a significant cost to operating companies and national authorities. On the Norwegian Continental Shelf (NCS) alone, the cost is estimated to be USD108bn (NOK1870bn) over the next 40 years


Greatship Sells AHTS Vessel

Greatship Akhila. Image by Greatship (India) Limited

 Indian shipping company Great Eastern Shipping has announced that its wholly owned subsidiary, Greatship, has sold and delivered anchor handling tug supply (AHTS) vessel Greatship Akhila (7,080 bhp, built 2009) to unnamed buyers.  


Hercules Offshore to Begin Restructuring

Image: Hercules Offshore Inc.

 The Houston-based NASDAQ-listed drilling contractor Hercules Offshore Inc. (HERO) has entered a restructuring agreement with a noteholder group, and expects a prepackaged reorganization plan.   HERO says the agreement will convert $1


Malta Shipbuilding Site Converted for Oil and Gas Industry

Ablecare welcomes oil rig to Malta Maritime Hub. Photo: Ablecare OSG

 The Maltese government is all set to set to transform the ex-Malta Shipbuilding site into a service hub for the oil and gas industry, directly employing 160 people while paving the way for Malta to benefit from growing business in the Mediterranean region.  


China Oil Rig Returns Off Vietnamese Coast

Image: Google Map

 China has again deployed the Haiyang Shiyou 981, a semi-submersible oil platform which caused a standoff between Chinese and Vietnamese vessels last year, to the disputed South China Sea region, reports local media.   China has brought the deepwater oil rig  near Vietnam’s


Statoil Cancels Rig Contract, COSL Cuts Jobs

COSLPioneer. Photo by COSL Drilling Europe

 COSL Drilling Europe is reportedly being forced to make 229 rig staff redundant as a result of Statoil’s decision to cancel the charter for semi-submersible unit COSL Pioneer.   Statoil announced the termination of contract since 8 October 2014


AOD Orders 2 Jack-up Rigs at CSSC Huangpu Wenchong

Image: CSSC Huangpu Wenchong

 CSSC Huangpu Wenchong Shipbuilding Company has won an order to build a pair of jack-up drilling rigs for Alliance Offshore Drilling (AOD), subsidiary of Hong Kong-listed TSC Group.   The two Zentech-designed R-550D rigs are scheduled to be delivered by 2017 and June 2018, respectively


Activists Planning Protest Against Shell's Arctic Business

U.S. environmental activists said they planned to protest on Tuesday against the launch of the second of two oil rigs central to Shell's plans to drill for oil in the Arctic. The Washington state activists, who have staged frequent demonstrations over the last two months against Royal


Shell Rig Departs for Arctic Despite Protest

U.S. Coast Guard and police boats cleared a way through protesters in kayaks at a Seattle-area port on Tuesday so a drilling ship could head for the Arctic on behalf of Royal Dutch Shell.   The Noble Discover is the second drilling ship Shell has sent to the area in recent days.  


DryShips Sells Six Aframax Tankers

Dry bulk and petroleum cargo shipper DryShips Inc., through its majority owned subsidiary, Ocean Rig UDW Inc. of offshore contract drilling oil services, announced today that entities controlled by the company’s chairman and chief executive officer, George Economou






 
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