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Drilling

Turkey May Begin Drilling Under Libya Deal in 3-4 Months

© muratart / Adobe Stock

Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya that was condemned by others in the region including Greece, Energy Minister Fatih Donmez said on Friday.Libya's internationally-recognized Government of National Accord (GNA)

Petronas Drillship Exits South China Sea After Standoff

© samtmendher / MarineTraffic.com

An oil exploration vessel contracted by Malaysian state energy company Petronas that was involved in a standoff with a Chinese survey vessel in the South China Sea left the disputed waters on Tuesday, three security sources and the vessel operator said.Petronas has been conducting exploration activities

Valaris Says Rigs May Be Idle for Up to Two Years

© Kees Bustraan / MarineTraffic.com

Offshore drilling contactor Valaris, which is exploring a bankruptcy restructuring, on Thursday said it could take up to two years to reactivate idle equipment as contracts dry up during a historic rout in oil prices.Global oil markets have collapsed since the beginning of March as the coronavirus pandemic has crushed fuel demand.

Keppel O&M Says Pivot to Gas, Renewables Pays Off

(File Photo: Keppel)

Keppel Offshore & Marine, an offshore construction subsidiary of Singapore's Keppel Corp, expects challenging conditions ahead due to the drop in oil prices but says its business diversification into gas and renewables has paid off.The company has traditionally been called an "offshore rig builder"

ABS Issues Guidance on How to Properly Sanitize Marine & Offshore Assets

Illustration; Image by wip-studio - AdobeStock

ABS has launched guidance on sanitizing and decontaminating marine and offshore assets exposed to COVID-19, applicable to commercial and naval vessels, as well as drilling units, production installations and other offshore units."Response Measures to COVID-19 for the Marine and Offshore Industries

Maersk Drilling to Mothball Several Rigs, Reduce North Sea Headcount

A Maersk Drilling rig - Image Credit: Maersk Drilling

Danish offshore drilling contractor Maersk Drilling is set to mothball several offshore drilling rigs, and as a consequence, reduce the number of offshore workers, citing low oil prices and the impact of COVID-19 pandemic as the reason."The COVID-19 pandemic and the lower oil price environment are impacting offshore drilling activity.

Keppel Delivers New Jack-Up Drilling Rig to Borr Drilling

Hild Jack-up rig - Image Credit: Keppel Corp.

Singapore-based offshore drilling rig builder Keppel Offshore & Marine has delivered a newbuild jack-up drilling rig to Norway's Borr Drilling.The rig, named Hild, was built to Keppel's KFELS Super B Class design. The Hild is the sixth jack-up that Keppel has delivered to Borr Drilling, out of the 11 that have been ordered.

Saipem Unable to Offer Guidance after Coronavirus, Oil Collapse

Illustration; Saipem's offshore drilling rig Scarabeo 8 - Image by Kvitrud - Wikimedia Commons - CC BY-SA 3.0

Italian oil services group Saipem said on Thursday it could not offer new guidance for the year because of the highly unstable environment created by the COVID-19 pandemic and falling oil prices.Last week the group pulled its 2020 outlook saying the pandemic might trigger a sharp fall in demand and a delay in projects.

What Did Scientists Learn from Deepwater Horizon?

Deepwater Horizon burning in April 2010. Image by US Coast Guard

April 20, 2020, marks the tenth anniversary of the Deepwater Horizon rig explosion, the offshore oil industry's biggest environmental disaster.Eleven people died, 17 others were injured, Transocean's drilling rig sank, and an incident caused more than four million barrels of oil to spill into the U.

Chinese, Malaysian Offshore Oil Vessels in South China Sea Standoff

File Photo: West Capella Drillship - Image by Samtmendher  / MarineTraffic

A Chinese government survey ship is tagging an exploration vessel operated by Malaysia's state oil company Petronas in disputed waters in the South China Sea, three regional security sources said on Friday.China's Haiyang Dizhi 8 entered waters near Malaysia on Thursday, according to ship tracking website Marine Traffic.

Valaris to Lose $620,000 a Day Rig Deal with Total after BOP Drop off Angola

Valaris DS-8 (formerly known as Ensco DS-8) - Credit: Harvey Wilson - MarineTraffic

Valaris, the world's largest offshore drilling company by fleet size, is set to lose one of the most lucrative contracts in the offshore drilling industry today after it recently accidentally dropped a blowout preventer stack to seabed offshore Angola.The contract, at a day rate of $620,000 per day,

Valaris Gears up for Possible Debt Restructuring

© Lorraine / Adobe Stock

Offshore oil driller Valaris PLC is exploring debt restructuring options as it grapples with a rig accident and a broader collapse in energy prices, people familiar with the matter said on Friday.Valaris has tapped debt restructuring attorneys at law firm Kirkland & Ellis LLP for advice on ways to rework its roughly $6.

Total Makes 'Encouraging' North Sea Discovery

Noble Sam Hartley jack-up - Credit: Noble Corporation

Total has made a hydrocarbon discovery at the Isabella exploration well in the UK Central North Sea, Neptune Energy, Total's partner in the project has informed.Neptune Energy has described Isabella as "an encouraging hydrocarbon discovery" which encountered hydrocarbons in Upper Jurassic and Triassic sandstone reservoirs,

Murphy Charters Pacific Drilling Drillship for Mexico Wells

Pacific Sharav - Image by V. TONIC -Marine Traffic

Deepwater drilling rig contractor Pacific Drilling has found more work for its Pacific Sharav drillship.The drilling company on Wednesday revealed that Murphy Oil had hired the drillship for work offshore Mexico. According to the fleet status report, Murphy has agreed to charter the unit for two firm wells and one optional well.

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