Diamond Offshore has confirmed one of its rigs has been newly-hired by Shell for work in the North Sea.
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.
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.
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 Offshore’s pre-tax losses have widened by £40million compared to the same period last year.
Debt levels at oil field services companies have reached "unsustainable" levels, the debt rating agency Moody's Investors Service said in a new report.
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 have been raised about the fate of three oil rigs cold-stacked in the Cromarty Firth.
Revenues at drill rig owner Diamond Offshore slumped by a third last year as demand for vessels lagged.
An environmental group has claimed problems with 'faulty' underwater bolts at oil rigs should be resolved before oil major BP can drill for oil in the Great Australian Bight.
US drilling contractor Diamond Offshore said today it would scrap two of its rigs after recording a 38% drop in revenues in the second quarter of 2016. The Houston-based firm said Ocean Quest and Ocean Star would be retired, while two others would be cold stacked to keep costs down. Diamond made the decision at a time when offshore drilling is in the doldrums due to high costs and low crude prices.