Turan Drilling & Engineering has secured a contract extension with a value of $300 million, for the provision of offshore drilling operations and maintenance services in Azerbaijan.The two-year extension, effective from April 2024, will see the company, jointly owned by KCA Deutag and SOCAR AQS, continue to deliver drilling operations and maintenance as well as procurement and warehouse management services across eight offshore platforms for 'an existing customer in the country…
ROV specialist Forum Energy Technologies (FET) has appointed Martin Thomson as its first ever energy transition business development manager within its subsea business.Martin Thomson, who will be based at the company’s Aberdeen office, brings…
Oil and gas drilling services company KCA Deutag has won a one-year contract extension worth $60 million, for the provision of drilling operations and maintenance services on two offshore platforms in Angola with an undisclosed client.The award…
KCA Deutag announced it has been awarded new contracts and extensions with a total value of over $70 million, with existing clients for the provision of drilling and maintenance services in the U.K. North Sea.The awards, each ranging from two…
The Italian energy industry services firm Saipem has decided to buy the 7th-generation Santorini drillship from Samsung Heavy Industries, citing rising dayrates and an optimistic forecast for offshore drilling rig demand.To remind, Saipem first chartered the drillship from Samsung in late 2021…
Italian energy services group Saipem said on Wednesday it would launch a planned 2 billion-euro ($2.10 billion) rights issue from June 27 as it strives to bolster its finances and re-focus its business after a surprise profit warning in January…
Italian energy services group Saipem has agreed to sell its onshore drilling business to Britain's KCA Deutag (KCAD) for $550 million, as it strives to bolster its finances after a profit warning and focuses on offshore drilling.Asset sales…
Wage talks between Norwegian oil firms and three labor unions broke down on Wednesday and will switch to state-led mediation in a bid to prevent strike action by workers, the unions and companies said.If Norway's government-appointed mediator is unable to broker a deal…
Oil and gas drilling and engineering firm KCA Deutag has secured a contract with Equinor to carry out an energy optimization project for two CAT J jack-up drilling rigs, the Askeladd and Askepott, in the Norwegian section of the North Sea. The project…
Norwegian oil and gas firm Equinor has exercised extension options worth 8 billion Norwegian crowns (~$898,7 million) with Archer, KCA Deutag, and Odfjell Drilling. The contracts include drilling, completion, intervention services, plugging…
Three Norwegian labor unions agreed on a wage deal with the owners of floating offshore oil drilling rigs, preventing the outbreak of a strike that would have disrupted exploration, the unions said on Thursday.The deal between the Norwegian Shipowners' Association and the Industri Energi…
The Norwegian offshore oil industry safety body PSA Norway has completed its investigation of an incident involving a dropped object and serious personal injury that happened on the Askeladden jack-up rig on February 10, 2021, and has issued an order to KCA Deutag Drilling Norge (KCAD)…
Oil and gas drilling and engineering firm KCA Deutag said Wednesday it had secured $550 million worth of platform drilling contracts.KCA Deutag said the deals added 13 years to its contract backlog. According to the company, the agreements include…
The Norwegian oil and gas safety body PSA Norway has found 'multiple complex' factors that led to a worker injury on Equinor's Oseberg B platform, off Norway, in April this year, when a worker fell from a height of 3.6 in an accident that could have been fatal…
Turan Drilling & Engineering, a Caspian region focused joint venture between KCA Deutag and SOCAR AQS Company, has employed 71 new workers to support the newly awarded contract by BP.Following a $500 million contract award last year, Turan Drilling…
