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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


US Oil Drillers Add Rigs for 7th Week in a Row

U.S. drillers this week added oil rigs for a seventh consecutive week, according to a closely followed report on Friday, even as analysts revise down rig count growth forecasts and energy firms become more cautious the longer crude holds below $50 a barrel.   Drillers added 15 oil rigs in the week to Aug. 12, bringing the total rig count up to 396, compared with 672 a year ago, energy services firm Baker Hughes Inc said. <RIG-OL-USA-BHI>  


iSURVEY Bags rig positioning, surveying contract with Shell

Andrew McMurtrie, managing director Photo iSURVEY

iSURVEY has secured a non exclusive call-off contract with Shell UK Ltd, Shell NAM, Norske Shell and Shell E&P Ireland for the provision of rig positioning and surveying services.   With an effective date of 1 January 2017, the three year contract, which has the option of up to two


ABB’s OCTOPUS for Greenland Heavylift Newbuilds

GPO Under Construction (Photo: ABB)

ABB’s OCTOPUS marine software was chosen for four new semi-submersible heavy lift vessels currently under construction at CSBC Corporation in Taiwan, with the first expected to go into service in 2017.   The ships, owned by Greenland Heavylift Holdings


Songa Offshore sees Daewoo Arbitration Lasting into 2018

Rig firm Songa Offshore's CEO Bjoernar Iversen expects the company's arbitration case with DSME (Daewoo Shipbuilding & Marine Engineering) to last throughout 2017 and into 2018.   ** Songa received notices of arbitration from DSME in July 2015  


ABB’s OCTOPUS for four semi-submersible vessels

Juha Koskela, Managing Director. Photo ABB Marine and Ports

ABB’s OCTOPUS marine software will improve the safety and efficiency of four new semi-submersible heavy lift vessels, using weather and loading data to plot the optimal route. The ships, owned by Greenland Heavylift Holdings, will transport gigantic cargoes such as oil rigs and jack-up rigs


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


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


Gaylin Plans for Growth in Vietnam

Heavy lift slings being mobilized for a short-term rental project from Gaylin’s Vietnam facility (Photo: Gaylin)

Singapore-headquartered Gaylin, a specialist supplier of lifting, rigging and marine equipment, said it has initiated a plan aiming to reposition its Vietnam facility to address changing trends in the local oil and gas, refining and chemical plant sectors


Evoqua Introduces Service Solution for Electrochlorination Systems

Ed McNally (Photo: Evoqua)

Offshore and marine operators of electrochlorination-based marine growth prevention systems are set to benefit from a new maintenance and service initiative from the world’s leader in the market:  Evoqua Water Technologies.  


Oil Prices Fall as US Drillers Add Rigs

Oil prices slipped on Friday, extending losses after data suggested drilling is ramping up in the United States, easing the focus on efforts by OPEC and other producers to support prices by cutting supplies.   U.S. crude futures for March delivery fell 98 cents, or 1.8 percent, to $52


Keppel Shuts Down Three Yards in Singapore

Photo: Keppel Offshore & Marine

 Keppel Corp, the world's biggest oil rig builder, is still hard hit by the downturn in the oil industry and will now shut down three yards in its homeland.   Singapore-based offshore company Keppel reduced its direct work force by about one third


Diamond Offshore Sees Recovery when Oil 'Well over $60'

Photo: Diamond Offshore Drilling Inc

Rig contractor Diamond Offshore Drilling Inc's Chief Executive Officer Marc Edwards said on Monday oil prices needed to be "well over $60" to spur a recovery in offshore drilling.   The company's shares reversed course and were down 2.3 percent at $16


Sound Energy: Badile Rig Contract - Payment using Equity

Photo Sound Energy

Sound Energy, the African and European focused upstream gas company, announced on 29 November 2016, that the terms of the contract for the use of Pergemine S.p.A ("Pergemine")  3000 HP EMSCO C3 rig for the drilling of the Badile exploration well (the "Rig")


Transocean's contract backlog $11.3 Bln on February 9

Ultra-Deepwater Rig Photo Transocean Ltd

Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of and contract information for the company's fleet of offshore drilling rigs. As of February 9, 2017, the company's contract backlog was $11.3 billion.


US Drillers Continue to Add Oil Rigs

U.S. energy companies added oil rigs for a 14th week in the last 15, extending a nine-month recovery as drillers take advantage of crude prices that have held mostly over $50 a barrel since OPEC agreed to cut supplies in late November.  


Eighth Lamprell Rig for NDC

Courtesy Lamprell

Lamprell announces the completion of construction on a further jackup drilling rig, the “Al Hudairiyat”, and its delivery to Abu Dhabi’s National Drilling Company (“NDC”), within budget and as scheduled. Completion and delivery of the jackup rig was marked at an






 
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