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 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
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.
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
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 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 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 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
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.
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.
Nakilat-Keppel Offshore & Marine (N-KOM) has achieved another milestone with the keel laying of its first liftboat newbuild project, awarded in July 2014 by long-time client Gulf Drilling International (GDI). The project marks the shipyard’s first foray into the offshore jack-up newbuild
Robert “Bob” “Sonny” Fogal, Jr., one of the icons in the offshore oil and gas industry, has decided to retire from front-line work as Zentech’s Director of Business Development. Zentech’s President Ramesh Maini noted on August 28
Damen Shiprepair Vlissingen, part of Damen Shiprepair & Conversion, has completed the upgrade of a Keppel Fels ‘N’ Class drilling rig, one of the largest in the North Sea, in thirty days less than was initially projected by the client. Owner Rowan Companies plc
Rig design and engineering specialist RDS has been awarded a front-end engineering design (FEED) contract by AMEC for Premier Oil’s Sea Lion development in the North Falklands Basin. RDS is the rig design and engineering subsidiary of international drilling and engineering contractor
VIKING Saatsea will be at SMM 2014 to showcase the revolution it has brought about in crew training – moving everything on board to cut costs, speed up certification, ease administration and create greater on-the-job satisfaction for crew being trained.
Greenpeace's ship, the Esperanza, is still on station in the Arctic to expose renewed Norwegian efforts to drill for oil in this pristine environment. Last week Greenpeace successfully headed off attempts by an oil company to complete controversial seismic testing
Tullow Oil plc announces the successful results from a series of exploration, appraisal and testing activities conducted in Blocks 10BB and 13T onshore Kenya. Etom-1 exploration well The Etom-1 well in Block 13T is the most northerly well drilled to date in the South Lokichar basin, 6
Lamprell today announced its financial results for the first half of 2014, reporting results ahead of expectations due to strong operational performance and early results from savings initiatives, generating improved margins. Revenues rose by $125
The maintenance of blowout preventers (BOPs) has significant financial, logistical and safety implications for drilling operators and rig owners. DNV GL has now established a Joint Industry Project (JIP) to develop a risk-based maintenance methodology with the aim to deliver more effective
SBI Offshore Limited has announced that the Middle East-Chinese consortium, which recently awarded its subsidiary a contract to provide design and engineering services for a jack-up drilling rig, has commenced discussions with the SGX Catalist-listed company to build up to five units of the rig
The maintenance of blowout preventers (BOPs) has significant financial, logistical and safety implications for drilling operators and rig owners. DNV GL has now established a Joint Industry Project (JIP) to develop a risk-based maintenance methodology with the aim to deliver more effective and
Sea spray icing is one of the major challenges when operating in Arctic conditions. DNV GL is now launching an industry collaboration which will develop a simulation model that bridges functional winterization requirements and real physical conditions for drilling rigs
Once again displaying their diversity for use in the domestic petroleum industry, one of Crowley’s four ocean class tugs, Ocean Sky, recently provided back-up station-keeping and holdback services during a routine blackout test of ultra-deepwater, semisubmersible oil rig Noble Jim Day in U.S
Transocean Ltd. today issued a monthly fleet update summary which includes new contracts, changes to existing contracts and changes in estimated planned out-of-service time of 15 or more days since July 16, 2014. The total value of new contracts since the July 16
Keppel FELS Limited (Keppel FELS) has delivered its fourth jackup rig, "Dukhan", to Gulf Drilling International Ltd. q.s.c. (GDI) of Qatar nine days ahead of schedule, on budget and with a perfect safety record. “Dukhan” is a high specification rig built to