Costs rise at Woodside’s Sangomar
Woodside Energy has increased the cost of its Sangomar project to $4.6 billion, gross, from $4.2bn.
Diamond Offshore
Despite turmoil, POSCO sends Transocean deep-water rig to Myanmar
Despite the political and social turmoil in Myanmar, South Korea’s Posco International is sending a second deep-water drilling rig to the troubled Southeast Asian state to continue development work at the Shwe gas field.
Robots could replace hundreds of thousands of oil and gas jobs, save billions in drilling costs by 2030, Rystad says
Even when the Covid-19 downturn is finally past us, operators will have to continue exploring new avenues for cost reductions to be better equipped to withstand future market declines. In a report that looked into the adoption of robotics across the petroleum industry, Rystad Energy found that existing solutions could replace hundreds of thousands of oil and gas jobs globally and reduce drilling labor costs by several billion dollars by 2030, if there is an industry push for such a transition.
Use of offshore rigs sees ‘largest monthly drop for 20 years’ – Rystad
Use of offshore drilling rigs globally has seen the largest monthly drop in 20 years, according to analysis from Rystad Energy.
Offshore rigs need scrapped to end industry’s ‘bankruptcy nightmare’ – Bassoe
Scrapping of offshore oil rigs needs to be significantly ramped up in order to end the “bankruptcy nightmare” of their owners, according to Bassoe Offshore.
Decommissioning firm Well-Safe Solutions snaps up second rig
Oil and gas decommissioning firm Well-Safe Solutions has acquired a second rig in a move it claims will spark the creation of about 100 new jobs.
UK operators will ‘struggle’ to find rigs for North Sea work in 2021 – Bassoe
UK operators will "struggle” to find semi-submersible rigs for work in the North Sea next year, according to new analysis.
‘Structurally broken’ offshore drilling sees wave of firms go bust
Offshore drilling contractors are going bust at the fastest pace in three years as explorers spurn high-cost drilling to deal with a worldwide slump in commodity prices.
Diamond Offshore warned over spread of ‘asbestos debris’ on North Sea rig
Diamond Offshore has received a warning from the safety regulator after “asbestos debris” was spread on a North Sea rig.
Debt hyenas are circling stricken rig contractors
What in recent offshore industry terms were regarded as five of the most powerful brands in US drilling history are in deep trouble and the situation can only get worse.
Diamond Offshore files for Chapter 11 bankruptcy amid historic oil price crash
Diamond Offshore Drilling Inc., the rig contractor controlled by Loews Corp., filed for bankruptcy amid an unprecedented crash in crude prices that’s wrecking demand for oil exploration at sea.
Shell UK, Diamond Offshore agree release of rig
Shell and Diamond Offshore have “mutually agreed” the release of the Ocean Valiant rig from its contract.
No resolution in sight for trio of rigs detained in Cromarty Firth
A trio of oil rigs whose departure from the UK was blocked two years ago amid safety and environmental concerns are still in the Cromarty Firth.
Exclusive: ‘My son was crippled by incompetence’ while preparing oil rig for North Sea
A senior diving boss has described how his son has been “crippled by incompetence” while preparing an oil rig for work in the North Sea.
Diamond Offshore wins £39million North Sea rig extension with Apache
Diamond Offshore has announced a £39million extension with Apache in the UK North Sea as part of £480million in new work secured in 2019.
Glencore lines up to take FAR’s Sangomar crude
Australia’s FAR has signed a deal to allocate its share of crude from Senegal’s Sangomar field to Glencore Energy.
Apache, Chrysaor kick off Solar exploration well in UK North Sea
Apache and partner Chrysaor have started drilling an exploration well in the UK North Sea.
Profits plummet 90% for Diamond Offshore’s UK business
Lower dayrates and fewer revenue-earning days saw profits drop by more than 90% at Diamond Offshore’s UK business.
Shell brings in Ocean Endeavor for drilling work at Fram field
Oil giant Shell has brought in Diamond Offshore's Ocean Endeavor for drilling work at its Fram gas field in the North Sea.
Diamond Offshore continues losing streak into third quarter 2019
Aberdeen-based Diamond Offshore has continued its streak of widening losses, reporting a near doubling of its pre-tax figure from the same period last year.
Simulator training success on Ocean GreatWhite to be rolled out across other projects
Simulator training to prepare crews for the specific drilling conditions at Blackrock off Shetland has proved so successful it is being rolled out across other projects.
Diamond Offshore sees losses double in first half of 2019
Diamond Offshore has reported a more than doubling of its losses in the first half of 2019.
Union wants breakaway North Sea drillers ‘back around negotiating table’
Unite is seeking to re-establish negotiations with a “breakaway” group of drilling firms after workers last month rejected a “derisory” pay offer.
Losses widen for Diamond Offshore, wins North Sea work for Ocean GreatWhite
Diamond Offshore saw its losses widen in the first part of 2019.
Aberdeen decommissioning specialist Well-Safe snaps up first rig
An Aberdeen-headquartered firm has reached a major milestone in its quest to become the oil and gas industry’s top well-decommissioning specialist.