Tech Files: Offshore Power Products
Insights on innovative power products upgrades that could be used to keep offshore operations moving along effectively, efficiently.Maersk Supply Service/Orsted power buoysDanish offshore vessel firm Maersk Supply Service and its compatriot offshore wind developer Ørsted, are testing an innovative charging buoy that can bring green electricity…
New Managing Director of Semco Maritime Norway
Lars Jønholt Halvorsen has been appointed Managing Director of Semco Maritime Norway as per August 1st. Based in Bergen, Halvorsen now heads all Semco Maritime activities in Norway, including the rig facilities at Hanøytangen, Bergen, as well as Semco Maritime’s offices in Kristiansand and Stavanger.Lars Jønholt Halvorsen joins Semco Maritime…
Kongsberg's Operational Advisory Solution for Harsh Environment Semi-Submersible
Odfjell Drilling has awarded Kongsberg Maritime the contract to deliver a real-time monitoring and advisory solution to provide operational safety and non-productive time (NPT) improvements for the 6th generation semi-submersible, Deepsea Stavanger. The contract is in specific relation to an upcoming offshore South Africa campaign awarded…
No Contact Yet Between Parties in Norway Oil Strike
A Norwegian union representing striking oil workers and employers' representatives were not talking to each other as of Thursday, days before a possible escalation of the industrial action.Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, leading to the shutdown of…
Hundreds of Oil Workers Strike in Norway
Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated field and helping send Brent crude prices higher.One union said hundreds more workers would join the strike on Sunday if an agreement over union demands for a wage increase…
Hundreds of Norway Oil Workers Go On Strike
Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated field and helping send Brent crude prices higher.One union said hundreds more workers would join the strike on Sunday if an agreement over union demands for a wage increase…
Equinor Awards $3.7 Billion Service Deals
Norwegian oil and gas firm Equinor has awarded drilling and well service contracts worth 30 billion Norwegian crowns ($3.68 billion) to Schlumberger, Halliburton and Baker Hughes, it said on Monday.The contracts cover integrated well services, such as directional drilling, drill bits, fluids and cementing, for an initial four years, and can be extended for up to 10 years."The purpose of integrated drilling and well s
Odfjell Drilling buys “Deepsea Nordkapp”
Odfjell Drilling announced that Aker BP has today awarded Odfjell Drilling a 2 year firm drilling contract with 1+1 year optional periods. The day rates for the drilling contract will be based on market terms to be determined prior to commencement of drilling operations. In addition to the market linked day rate, a performance bonus as agreed in the alliance agreement with Aker BP…
Odfjell Drilling to Expand Fleet
Offshore rig firm Odfjell Drilling plans to expand its floating rig fleet to between six and 10 from four now, it said on Friday, the latest sign of recovery in the energy industry.After cuts in exploration spending following an oil price plunge that began in 2014, energy firms are now hiring rigs as crude prices have recovered some ground.Odfjell…
Statoil Awards $1.5 bln Drilling Contracts, Favours Archer
Statoil has awarded 12 billion Norwegian crowns ($1.53 billion) worth of new platform drilling contracts to Archer, KCA Deutag and Odfjell Drilling , the Norwegian oil company said on Friday. The new four-year contracts covering 18 fixed platforms on Norway's continental shelf were part of Statoil's efforts to increase cooperation between various service providers to further boost drilling efficiency…
Statoil Awards $1.5 Bln Drilling Contracts
Statoil has awarded drilling contracts to Archer, KCA Deutag and Odfjell Drilling for drilling, completion, intervention services, plugging, maintenance and modifications on 18 of Statoil’s fixed platforms. The contracts take effect from October 1, 2018, initially for a period of four years. The total value is estimated at more than NOK 12 billion ($1.5 billion).
Maersk Energy: Uptick in Offshore Oil
COPENHAGEN, Feb 20 (Reuters) - Prospects for the offshore oil drilling market are improving but profits for drillers are still under pressure and rates will not rise before 2019, the head of A.P. Moller-Maersk's energy business said. Oil firms have seen cash flow climb in 2017 a high since a three-year slump in crude prices, lifted by their cost-cutting plans and a crude price recovery.
Aker BP Announces Deals with Maersk, Odfjell, Halliburton
Aker BP is committed to increase the productivity, quality, flow- and time efficiency throughout the value chain.
Offshore Rig Firms See End to Historic Downturn
Demand for offshore rig rental globally is starting to recover from its worst ever downturn, led by oil firms' growing demand for harsh-environment exploration and triggering multi-billion dollar tie-ups among drillers hoping to profit, executives said. While the 2014-2016 oil price crash caused firms to cut exploration budgets, ending a boom in rig demand and bankrupting many owners…
Drilling Ship Leaves Vietnam Block after China Row
The drilling ship at the centre of a row between Vietnam and China over oil prospecting in disputed waters in the South China Sea has arrived in waters off the Malaysian port of Labuan, shipping data in Thomson Reuters Eikon showed on Monday. Drilling by the Deepsea Metro I ship was suspended in Vietnam's Block 136/3 last month after pressure from China…
Vietnam Renews India Oil Deal In Tense South China Sea
Vietnam has extended an Indian oil concession in the South China Sea and begun drilling in another area it disputes with China in moves that could heighten tensions over who owns what in the vital maritime region. The moves come at a delicate time in Beijing's relations with Vietnam, which claims parts of the sea, and India, which recently sent warships to monitor the Malacca Straits…
Norway Unions in Wage Deal with Drillers
Norwegian drilling rig operators have reached a wage deal with all three trade unions representing workers, averting the risk of a strike that could have hit exploration, the companies and the unions said on Friday. One of the three unions announced on Thursday afternoon it reached an agreement, while the two others followed later. A number of drilling firms operate off Norway - including Maersk Drilling…
Nod to Statoil for Norwegian Sea Drilling
The PSA has given Statoil consent to drill exploration well 6507/3-12 in the Norwegian Sea. Statoil is the operator for production licence 159B in block 6507/3 in the Norwegian Sea west of Sandnessjøen. The PSA has given Statoil consent to drill exploration well 6507/3-12 in a prospect named Mim. Water depth at the site is 381 metres. Drilling is scheduled to begin in early January 2017 and will last 27 days.
Sea Chest Blanks Ordered for Gina Krog FSO
Teekay Shipping has ordered four sea chest blanks from Norwegian magnetic technology specialists, Miko Marine. The closures will be delivered in August for use on the former shuttle tanker Randgrid which is currently undergoing a $220 million conversion into the Gina Krog floating storage and offloading (FSO) vessel in Sembawang dockyard in Singapore.
Statoil Awards Norwegian Continental Shelf Drilling Contract
Statoil has, on behalf of relevant licensees, exercised options for previously awarded drilling service contracts for fixed installations. Options have been exercised for 17 installations on the Norwegian continental shelf. In 2012 Statoil awarded contracts for four years with options for three times two-year extension to Archer, KCA Deutag and Odfjell.
