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Offshore Rig Report

Offshore Rig Counts Increase The U.S. and European offshore rig counts increased since last week, according to Offshore Data Services' weekly mobile offshore rig count. In addition, one new rig joined the worldwide drilling fleet. The U.S. Gulf of Mexico rig count posted a net three-rig increase over last week. With 149 of the area's 195 mobile offshore drilling rigs now under contract, U.S. Gulf offshore rig utilization is 76.4 percent. The European offshore rig count increased by two rigs compared to last week. This week, 81 of the area's 106 mobile offshore drilling units are under contract. European offshore rig utilization now stands at 76.4 percent, the same as the U.S. Gulf offshore rig utilization rate. Worldwide, a net five rig increase in the offshore rig count boosted world offshore rig utilization to 76.6 percent. Currently, 487 of the world's 636 mobile offshore drilling units are under contract.


Worldwide Rig Utlization Falls 1.8 Percent

Worldwide offshore rig utilization fell during the week ending August 17, according to ODS-Petrodata Group. U.S. Gulf of Mexico rig utilization fell 1.8 percent to 77.8 percent this week, with 165 rigs under contract out of a total of 212. European offshore rig utilization also fell one percent to 97.1 percent, with 99 of the regions 102 rigs under contract, according to ODS. Worldwide offshore rig utilization fell 0.6 percent with 567 out of 653 rigs with contracts.


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 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


FGH, Ocean Rig End Dispute

Norway's Ocean Rig and Friede Goldman Halter signed an agreement, ending a legal dispute over the building of two drilling rigs that was halted earlier this month. "Work on the rigs, which was suspended briefly by Friede Goldman, causing Ocean Rig to commence arbitration and other legal proceedings against Friede Goldman, resumed in full this morning," it said in a statement to the Oslo Stock Exchange. "Both companies believe that this latest agreement ..


Offshore Rig Count

U.S. Gulf Rig Count Hits 20-Month High The Gulf of Mexico rig count continues to rebound, and this week reached its highest level since July 1998, according to Offshore Data Services' weekly mobile offshore rig count. The Gulf of Mexico rig count is expected to continue to rise as the year progresses. On March 24, 155 of the 198 mobile offshore drilling rigs in the U.S. Gulf of Mexico were under contract. The week's tally represents a four-rig increase over the previous week's count


Current Onshore Rig Boom Could Be Halted By Next Year

The boom in U.S. onshore oil and natural gas drilling has yet to peak, bolstering forecasts of continued strong demand for rigs, analysts and executives said this week. But growth in the onshore rig market is likely to slow down next year, and activity in the offshore market is already tailing off, with some companies sending rigs away from the Gulf of Mexico to other countries where profits may be better. "We expect to see 30 to 33 percent growth in the total U.S


BHI U.S. Rig Count Up by Eight

The number of rigs searching for oil and natural gas in the United States rose by eight to 1,270 during the week ending June 1, according to oil services firm Baker Hughes. Last year the number of U.S. rigs on exploration was 866, Baker Hughes said. Meanwhile, the number of rigs exploring for oil and gas in Canada rose 28 to 291, compared to 270 last year. The number of rigs in the U.S. Gulf of Mexico fell by seven to 158, compared to 130 a year ago.


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


Dryships Takes Delivery of Sixth New Build Drillship

Dryships Announces Delivery of Ocean Rig's Sixth Newbuilding Drillship, the Ocean Rig Skyros. DryShips Inc., a global provider of marine transportation services for drybulk and petroleum cargoes and through its majority owned subsidiary, Ocean Rig UDW Inc. ("Ocean Rig"), of offshore deepwater drilling services, today announced that Ocean Rig successfully took delivery of its newbuilding drillship, the Ocean Rig Skyros, on Friday, December 20, 2013.


US Proposes First Rules for Arctic Oil, Gas Drilling

Photo: BOEM

The Obama administration on Friday proposed standards on exploratory drilling for oil and gas in U.S. Arctic waters that would add costs for energy companies but aim to protect against catastrophic spills.   The rules, proposed by the Department of Interior


Dryships in the Red

DryShips Inc

DryShips Inc. and through its majority owned subsidiary, Ocean Rig UDW Inc., of offshore deepwater drilling services, today announced its unaudited financial and operating results for the fourth quarter ended December 31, 2014. Fourth Quarter 2014 Financial Highlights


Keppel FELS to Deliver 100th Jackup Rig

Photo courtesy of Keppel FELS

Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) is on track to deliver PV Drilling VI, a KFELS B Class jackup rig, to PV Drilling Overseas (PVDO), a subsidiary of PetroVietnam Drilling & Well Services Corp (PV Drilling) on time


Hercules Offshore Shares Fall 33%

  Drilling contractor Hercules Offshore Inc's shares fell as much as 33 percent to a record low on Friday, a day after Deutsche Bank cut its price target on the company's stock to $0.   State-owned oil company Saudi Aramco terminated its contract for one of Hercules Offshore rigs on


Second Shipping Exec Sentenced for Price Fixing

Second ocean shipping executive pleads guilty to price fixing on ocean shipping services for cars and trucks   A former executive of Japan-based Kawasaki Kisen Kaisha Ltd. (K-Line) pleaded guilty Friday, February 6, and was sentenced to 14 months in a U.S


Diamond Offshore Scraps Special Dividend on Weak Market

Ocean Endeavor (Photo:  Diamond Offshore)

Rig contractor Diamond Offshore Drilling Inc said it expected a significant number of ultra-deepwater rigs to be idled across the industry by year-end as oil producers' capital budget is likely to be lowered by a fifth this year.   The company also said it would not pay a special dividend


Israeli Navy installs advanced underwater AquaShield detection system

Image of the AquaShield radar at work. (Photo: DSIT)

 Israel has launched new AquaShield defense system, which locates threats posed to Israel by individual divers and small maritime crafts.  The latest defense system makes Israel “100 percent impervious to all such attacks”


Sembcorp Marine: Sete Brasil Owes Drillship Payment

Sembcorp Marine Ltd is owed S$70-80 million ($51-$59 million) from Sete Brasil related to drillship orders, its chief executive said on Thursday. Sembcorp Marine in 2012 secured orders for seven drillships from Sete Brasil, a company set up by Petrobras, along with a group of banks and funds


Two New Vessels Enter Service for Boskalis

Dockwise White Marlin (Photo: Boskalis)

Boskalis takes new semi-submersible heavy transport vessel and hopper dredger into service    Royal Boskalis Westminster N.V. informed that Dockwise vessel White Marlin was named and christened during a ceremony in Guangzhou, China


BP Denied $700M in Insurance from Gulf Spill

The Texas Supreme Court on Friday ruled that BP Plc cannot claim about $700 million in insurance that was carried by offshore driller Transocean Ltd to cover the blowout of BP's Macondo well in 2010, the biggest offshore spill in U.S. history.


Keppel FELS Delivers Largest Rig to Maersk

Maersk Integrator Photo courtesy Keppel Offshore & Marine

Keppel FELS Limited has delivered the ultra-harsh jackup rig, Maersk Integrator, to Maersk Drilling, a wholly owned subsidiary of A.P. Moller - Maersk A/S, thirty days ahead of schedule, on budget and with a perfect safety record. The rig was named at a ceremony today in Keppel FELS by Ms


Advanced Rigging & Hydraulics Debut New Reckmann MF Systems

Image

  The new Reckmann MF series of manual furling systems will replace the RS2000, which has been in production since 1990 and Advanced Rigging & Hydraulics have exclusivity as dealers for Reckmann in the UK. Designed to be retro-fittedmore seamlessly with existing forestay systems


Maersk Drilling Names Third XLE Jack-up Rig

Photo: Maersk Drilling

Maersk Drilling’s third XL Enhanced ultra harsh environment jack-up was named Maersk Integrator by Statoil’s Executive Vice President Margareth Øvrum at a ceremony held at the Keppel FELS shipyard in Singapore Saturday morning.  


Songa Offshore Sees Tough Year but Narrows Losses

Q4 operating loss $6.8 mln, against expected $7.3 mln loss. Norwegian rig company Songa Offshore expects a challenging 2015 amid fierce competition for fewer contracts despite reporting a slightly better than expected fourth-quarter operating loss on Friday.


North American Rig Counts Continue Decline

The number of U.S. oil and gas rigs declined by 48 last week, according to data released today by Baker Hughes, which shows the number of U.S. rigs is now down to 1,310, a decrease of 461 from a year ago and the lowest since January 2010.  






 
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