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.
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
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
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 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
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 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 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
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 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
The number of rigs drilling for oil in the United States rose again this week, extending its second-best streak of no cuts into a 17th straight week, with analysts expecting more additions as crude prices hold over $50 a barrel. Drillers added 11 oil rigs in the week to Oct
Singaporean rig builder Sembcorp Marine Ltd. posted a loss in the third quarter, hurt by higher financing costs and a fall in orders due to weak oil prices. The company posted a net loss of S$21.8 million ($15.7 million) for the three months ended Sept
Statoil decided to cancel the contract with Stena Drilling for the mobile rig Stena Don. The rig has been on contract to Statoil since February 7, 2014, performing operations for the Troll and Fram licences. The original contract termination date is February 7, 2017.
Singapore's Sembcorp Marine Ltd swung to a loss in the third quarter and the rig builder's revenue was hurt by customers deferring rig deliveries amid a protracted downturn in the oil and natural gas market. The company posted a net loss of S$21.8 million ($15
U.S. drillers this week added oil rigs for an 11th week in the past 12, according to a closely followed report on Friday, although the rate of increases has slowed as crude prices remain below the key $50 a barrel level that spurs a return to the well pad.
Harris Pye Engineering Group completed repair works during the two-stage multi-million dollar Diamond Offshore demobilization project for its semi-sub rig Ocean Endeavor from the Black Sea, which completed its contract in January 2016. The initial phase of the repair work
Following the accident involving COSLInnovator on 30 December 2015, some 100 semi-submersible rigs approved by DNV GL will be reviewed. Preliminary assessments indicate that a limited number of rigs will be subjected to modifications or operational limitations.
Actor Mark Wahlberg said "the biggest responsibility" for himself and the makers of the new movie, "Deepwater Horizon," was to honor the real-life victims of the 2010 oil rig disaster. "The oil can ultimately be cleaned up, (but) those 11 men can't be replaced
Global Maritime Deep Sea Mooring, a provider of offshore mooring services in Norway, has signed a contract with Norwegian operator Det norske oljeselskap to support Prosafe’s semi-submersible Safe Zephyrus accommodation rig in the Ivar Aasen North Sea field
Final preparations for moving the Transocean Winner rig onto the Hawk vessel are continuing and good progress has been made on the operation in Broad Bay. The anchors have now been disconnected and the rig is being held on four tugs about half a mile from the Hawk.
BP has criticized the new "Deepwater Horizon" film as being an inaccurate Hollywood dramatization of the deadly oil rig disaster in the Gulf of Mexico in 2010. "The Deepwater Horizon movie is Hollywood's take on a tragic and complex accident
U.S. oil drilling has seen its best quarter since crude prices tumbled two years ago mainly due to small operators returning to the well pad, but analysts say the continued recovery in the rig count depends on whether OPEC's output reduction plan can bring the market back to $50 a barrel.
Transocean Ltd. (NYSE: RIG) announced today that the Transocean Barents, a harsh-environment, ultra-deepwater floater, has been awarded a 15-month contract with Suncor Energy at a dayrate of $260,000. The estimated contract backlog, excluding mobilization, is $119 million
Singapore-listed offshore firm Swissco Holdings could not pay out a $2.85 million coupon due next Friday and had no plans for its next course of action, says a report in Straits Times. Bond holders who had each sunk about $250
Maersk Drilling’s fourth XL Enhanced ultra-harsh environment jack-up was named on 14 October at a ceremony held at the Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in South Korea. "Maersk Drilling’s fourth XL Enhanced ultra-harsh environment jackup was