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
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.
Shell hires Diamond Offshore rig for North Sea work
Diamond Offshore has confirmed one of its rigs has been newly-hired by Shell for work in the North Sea.
Mega-rig arrives at revamped Kishorn Port ahead of North Sea campaign
Bosses at a redeveloped Highland port have hailed the “culmination of 10 years’ work” as they welcome the arrival of the world’s largest semi-submersible drilling rig.
Mega-rig spotted on journey to Kishorn dry dock
The world’s largest semi-submersible drilling rig has been spotted on Scotland’ s west coast on its way to the redeveloped Kishorn dry dock.
Mega-rig to christen redeveloped Kishorn dry dock
A huge refurbished dry dock in the Highlands has landed its first major contract, playing host to the world’s largest semi-submersible offshore drilling rig.
Diamond’s losses widen by £40m, wins Siccar Point contract
Diamond Offshore’s pre-tax losses have widened by £40million compared to the same period last year.
Moody’s says oil service debt ‘unsustainable’
Debt levels at oil field services companies have reached "unsustainable" levels, the debt rating agency Moody's Investors Service said in a new report.
Opinion: Scrap the shady underbelly of offshore industry
As I write this, two Chinese heavy lift transport ships remain anchored in Scotland’s Inner Moray Firth waiting for orders. They were supposed to have loaded by now and carted away for scrapping a couple of semi-submersible drilling rigs that have been laid up in the Cromarty Firth for some time.
Fears trio of Cromarty Firth-stacked rigs headed for beaches, not yards
Fears have been raised about the fate of three oil rigs cold-stacked in the Cromarty Firth.
Losses widen at Diamond Offshore despite strong fourth quarter
Revenues at drill rig owner Diamond Offshore slumped by a third last year as demand for vessels lagged.