Geoquip Marine, a geotechnical engineering and offshore drilling company, will unveil its new GMTR150 rig at Oceanology International in London. The GMTR150 is a twin ram drilling rig that can be used for drilling, coring, sampling and testing in water depths up to 3500m…
Drilling contractor Ocean Rig CEO George Economou has warned that a recovery for the oil and gas industry might not come until 2018, at the earliest. Economou's comments were made as the Greece-based firm announced its second rig cancellation in the space of days…
Premier Oil is to drop its plans to drill its final Falklands drilling campaign well after serving a termination notice to rig operator Ocean Rig. The firm had been due to drill the Chatham prospect. But, following 'a number of material…
Ocean Rig, a provider of offshore deepwater drilling services, has announced that on 31 January 2016, it has received a notice of breach of material obligations from Premier Oil under the drilling contract for the Eirik Raude. Ocean Rig is…
Global offshore deepwater drilling services provider Ocean Rig UDW received a termination notice from Italian giant Eni for the Ocean Rig Olympia deepwater drillship. According to Ocean Rig, “due to the dramatic fall of the crude oil price and the volatile market context…
Amid positive Q3 results, Houston-based Diamond Offshore is sending one of its vessels to the scrap yard after Brazil’s Petroleo Brasileiro (Petrobras) cut contracts short for two of its vessels, resulting in an extension for another contract…
Cairn Energy is due to start its 1 billion bbl-seeking drilling program on its prospective offshore Senegal blocks in coming weeks. The Ocean Rig Athena is expected to start mobilization to Senegal from its current location in Angola in the next few days…
Due to continued challenging market conditions, Athens, Greece-based rig provider Ocean Rig announced that if no future work is found for two of its fifth generation ultra-deepwater semisubmersible rigs – the Eirik Raude and Leiv Eiriksson – they could be scrapped…
Ocean Rig received a one-year extension from Eni Angola S.p.A for the Poseidon drillship that will last until 2Q 2017, with total contract backlog now standing at about US$367 million. Ocean Rig also entered into a new contract for the…
Neptune Marine Services has been awarded an 18-month rig positioning and mooring services contract for Apache Energy, in Australia. The contract is set to begin in May 2015, and come with two extension options. It will see Neptune…
Global rig provider Transocean said it will scrap two more rigs from its fleet taking the total number of floaters it is planning to scrap to 18, the company announced on 1 April 2015. The two rigs joining its soon to be departed brethren are the GSF Aleutian Key and Sedco 707…
Ocean Rig UDW Inc. announced on 15 January 2015 that it has received commitments from lenders for a syndicated secured term loan designed to partially finance the construction costs of the Ocean Rig Apollo. The facility amount is for the…
Eni Angola S.p.A and subsidiaries of Ocean Rig UDW entered into an agreement to extend the contract for the drillship Ocean Rig Poseidon by one year until 2Q 2017. According to the agreement, Ocean Rig agreed to adjust the existing day…
Eni has discovered oil in Block 15/06, in the Ochigufu exploration prospect offshore Angola. ENI said the find was 'important' and would be fast tracked to production through the Ngoma floating production, storage and offloading vessel on the company's West Hub development…
ABB is to deliver total power solutions to Ocean Rig’s two new seventh generation integrated design mobile offshore drilling units (MODU), being built by Samsung Heavy Industries (SHI) at Goeje shipyard in Korea. The contract includes…
