Houston-headquartered driller Northern Offshore (NOF) is to be combined with Chinese-controlled Blue Ocean Drilling into a new firm if a deal with Shandong Offshore International Co. worth about US$160 million (NOK 1.3 billion) is agreed…
As expected, Hercules Offshore Inc. plans to file for Chapter 11 bankruptcy protection next month as a final solution to its US$1.2 billion debt woes. The firm is one of the first to crash and burn as a result of insufficient cash flow due…
Vantage Drilling Co. retained Lazard Freres & Co. to offer advice with respect to financing and strategic opportunities. The board of directors has retained Lazard to evaluate financing opportunities, strengthen and expand management's analysis…
SKF USA and Vantage Drilling combined resources to improve the reliability of the Vantage Titanium Explorer and Platinum Explorer drill ship fleet. Titanium Explorer. From Vantage. These…
Singapore’s KrisEnergy chartered the Rubicon Vantage floating storage and offloading (FSO) vessel and a catenary anchor leg mooring (CALM) buoy for use on the Wassana oil development in the G10/48 license area located in the Gulf of Thailand…
Salamander Energy received the first oil in the tanks of the Suksan Salamander floating storage and offtake vessel (FSO) at the Bualuang field in the Gulf of Thailand. Greater Bualuang work. Image: Salamander…
Ophir Energy’s deepwater Padouck Deep-1 well, in the Ntsina block, offshore Gabon, has completed drilling and found no significant hydrocarbons. London-based Ophir said the well, drilled with the Vantage Titanium Explorer, was targeting…
Salamander Energy has said damaged risers on the Rubicon Vantage floating production, storage and offloading (FPSO) vessel have been repaired and production from the Bualuang field has restarted. Bad weather had slowed work to replace riser sections…
Bad weather has slowed work to replace riser sections damaged when an FPSO came off station. The Rubicon Vantage FPSO drifted into an exclusion zone designed to protect the Bualuang oil field production infrastructure in the Gulf of Thailand in bad weather…
TTS Group ASA has lost a contract for a lifting equipment package on a new ultra-deepwater drillship after Sigma Drilling Ltd terminated a construction contract with STX Offshore & Shipbuilding Co. Ltd.(STX). Cayman Islands-based Vantage Drilling Company has Sigma…
A floating production (FPSO) vessel moored over the Bualuang oil field in the Gulf of Thailand damaged a production riser after drifting off station in bad weather. The Rubicon Vantage FPSO drifted into the exclusion zone designed to protect the production infrastructure…
Two countries – Malaysia and Indonesia– hold nearly two-thirds of the region’s reserves, and national oil companies outstrip international oil companies in regional capex. According to the Infield Systems Offshore Asia Oil & Gas Market Report to 2017…
The global rig market is strong, with high utilization, high day rates, and nearly 200 offshore drilling rigs under construction. Drilling contractors are changing their fleet makeup, modernizing, streamlining, and concentrating on market sectors…
Despite a brief interruption post-Macondo, the rig newbuilding boom that started in 2005 is gathering momentum. Jennifer Pallanich talks to IHS about the latest trends in the drilling contractor market.One of the trends that Tom Kellock, Houston's head of consulting for IHS Petrodata…
Ever-alert to the need to hone its competitive edge, the drilling technologies business unit of Aker Solutions is looking to take its service offering to an unrivalled level of sophistication with the new drawworks extended test facility in Erkelenz…
