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Offshore Rig Report

Offshore Rig Counts Increase The U.S. and European offshore rig counts increased since last week, according to Offshore Data Services' weekly mobile offshore rig count. In addition, one new rig joined the worldwide drilling fleet. The U.S. Gulf of Mexico rig count posted a net three-rig increase over last week. With 149 of the area's 195 mobile offshore drilling rigs now under contract, U.S. Gulf offshore rig utilization is 76.4 percent. The European offshore rig count increased by two rigs compared to last week. This week, 81 of the area's 106 mobile offshore drilling units are under contract. European offshore rig utilization now stands at 76.4 percent, the same as the U.S. Gulf offshore rig utilization rate. Worldwide, a net five rig increase in the offshore rig count boosted world offshore rig utilization to 76.6 percent. Currently, 487 of the world's 636 mobile offshore drilling units are under contract.


Offshore Rig Utilization Declines Slightly

Worldwide offshore rig utilization declined slightly since last week, according to Offshore Data Services' weekly mobile offshore rig count. Two less mobile offshore drilling rigs are under contract worldwide this week compared to last week. With 484 of the world's 634 offshore drilling rigs now under contract, worldwide offshore rig utilization is 76.3 percent. A one-rig decline in the U.S. Gulf of Mexico rig count occurred since last week


Woldwide Offshore Rig Utilization Plummets

Offshore rig utilization fell in the world's most active markets during the week ending July 6, according to ODS-Petrodata Group. U.S. Gulf of Mexico rig utilization dropped 1.5 percent to 85.8 percent this week, with 182 rigs under contract out of a total of 212. European rig utilization fell 1.0 percent to 95.1 percent this week with 97 of the region's 102 rigs under contract, according to ODS, while worldwide rig utilization fell 0.7 percent to 89


Offshore Rig Demand Rises In U.S., Falls In Europe

Rig demand increased in the U.S. Gulf of Mexico and declined slightly in Europe, following a pattern that is likely to be repeated through the end of this year at least. According to Offshore Data Services' weekly mobile offshore rig count, the U.S. Gulf rig count increased by three rigs since last week. Today, 136 of the region's 187 mobile offshore drilling units are under contract and U.S. Gulf mobile offshore rig utilization is 72.7 percent.


U.S. Offshore Rig Count Hits 17-Month High

The U.S. Gulf of Mexico rig count stands at 150 this week, its highest level since July of 1998. According to Offshore Data Services' weekly mobile offshore rig count, 150 of the 191 offshore rigs in the U.S. Gulf of Mexico are under contract this week. U.S. Gulf mobile offshore rig utilization is 78.5 percent. The improved rig count has been driven primarily by strong domestic natural gas prices, however, natural gas prices have weakened in recent weeks


Offshore Rig Use Up

Worldwide offshore rig utilization climbed slightly the week ending March 9, according to ODS-Petrodata Group. Global rig utilization climbed 0.1 percent to 87.4percent, due to a one-rig net increase in contracted rigs, ODS reported. U.S. Gulf rig utilization was unchanged at 88.2 percent, with 186 out of the region's 211 mobile offshore rigs under contract. European offshore rig utilization decreased by 0.1 percent to 92


Bassoe Offshore Launches RigBase

RigBase, a web-based resource for the offshore drilling industry, is launched today by Bassoe Offshore Consultants. RigBase is a rig market information system that provides subscribers with continuous, rolling worldwide rig market news -- all taken from primary sources, access to Bassoe Offshore Consultants' (BOC) comprehensive offshorerig database, regular regional email newsletters and professional opinion and analysis. RigBase is available by subscription.


U.S. Offshore Rig Demand Continues To Rise

The U.S. Gulf of Mexico offshore rig count is at its highest level in nearly a year, according to Offshore Data Services' weekly mobile offshore rig count. A four-rig increase in the U.S. Gulf rig count over last week boosted the count to 140, the highest level since October 16 of last year. The 187-rig U.S. Gulf drilling fleet's utilization rate is now 74.9 percent. As utilization approaches and then exceeds 80 percent, rig owners should benefit in the form of improving rig day rates.


Offshore Rig Utilization Hits 2-Year High

Worldwide offshore rig utilization hit a fresh two-year high the week ending March 23, according to ODS-Petrodata Group. Global rig utilization climbed 0.5 percent to 88 percent, due to a three-rig net increase in contracted rigs, ODS-Petrodata reported. Of the world's 649 offshore rigs, 571 are under contract. Utilization is the highest since October 2, 1998 when it reached 88.7 percent. U.S. Gulf rig utilization remained unchanged at 88


Drilling Rig Delivered in Las Palmas

Ocean Valiant

Fairmount Marine’s tug Fairmount Summit has delivered rig Ocean Valiant safely in the port of Las Palmas, Canary Islands. Fairmount Summit has towed the rig from offshore Cameroon over a distance of almost 3,000 miles. The Ocean Valiant is a semi-submersible drilling rig owned by Diamond Offshore Drilling Inc., headquartered in Houston, U.S. The 1988 build rig is 122 meters long, 71 meters wide and 37 meters high, is capable to drill up to 10


Fifth Jackup Contract for Keppel from Gulf Drilling

KFELS jackup rig

  Keppel FELS Limited, a wholly owned subsidiary of Keppel Offshore & Marine, has secured a contract from Gulf Drilling International Ltd. of Qatar to build a repeat high-specification KFELS B Class jackup rig worth US$227 million. As part of the contract


Statoil: COSL Pioneer Temporarily Suspended

COSL Pioneer (Statoil image)

Due to overcapacity in their rig portfolio, Statoil will lay up the COSL Pioneer rig in the fourth quarter of 2014. The rig is currently carrying out an assignment on the Visund field and is scheduled to complete this work at the end of September.


Russia: Exxon Still Drilling in its Arctic

ExxonMobil is still drilling in the Russian Arctic, a Russian minister said on Friday, in move that if confirmed will anger Washington after the U.S. administration slapped sanctions on Moscow to suspend such operations by Western oil majors.


Rosneft says Exxon Still Continues to Work With it in Arctic

Russia's biggest oil producer Rosneft said on Saturday that Exxon Mobil was still continuing exploration drilling at their joint project in the Arctic Kara Sea. "The work on the University well is continuing according to plan. We are satisfied with the decision of the U.S


Ocean Rig Orders Kongsberg Offshore Simulator

Sophisticated integrated simulator suite for new training center (Photo: Kongsberg Maritime)

Ocean Rig UDW Inc. has chosen Kongsberg Maritime to supply an extensive offshore and navigation simulator package for a brand new training center. With a sophisticated integrated simulator suite, enabling specific operations and vessel team training, Ocean Rig’s new facility


MN 100: Harvey Gulf International

Harvey Gulf Deep Sea.jpg

701 Poydras Street Suite 3700, New Orleans, LA 70139 Tel: (504) 348-2466   Website: www.harveygulf.com President: Shane Guidry The Company: Harvey Gulf International Marine, LLC specializes in towing drilling rigs and providing Offshore Supply and Multi-Purpose Support Vessels


BP 'Grossly Negligent' in 2010 US Spill, Fines Could Be $18b

Discoverer Inspiration arrives to install the capping stack in July 2010 (Photo: BP)

A U.S. judge has decided that BP Plc was "grossly negligent" and "reckless" in the Gulf of Mexico oil spill four years ago, a ruling that could add nearly $18 billion in fines to more than $42 billion in charges the company took for the worst offshore environmental disaster in U


Timeline: BP Oil Spill Litigation

Boom in use around the port of Bayou La Batre, Alabama - May 2010 (Photo: BP)

BP Plc was found "grossly negligent" on Thursday by a federal judge in connection with its role in the 2010 Gulf of Mexico oil spill. The decision by U.S. District Judge Carl Barbier in New Orleans, who oversees litigation related to the disaster


Songa Offshore: Latest Fleet Update

Offshore Rig: Photo Songa

International midwater drilling contractor, Songa Offshore, operates a fleet of 4 rigs with an additional 4 rigs due to be delivered later this year and in 2015.  August fleet operations were as follows: Songa Delta achieved an operational efficiency of 100% and an earnings efficiency


ABB to Deliver Power Solutions to Ocean Rig’s drillships

Ocean Rig Athena

  ABB, a global leader in power and automation technology, has secured an order to deliver total power solutions to Ocean Rig’s two seventh generation new integrated design mobile offshore drilling units (MODU) that is being built by Samsung Heavy Industries (SHI) at Goeje shipyard in


Offshore Oil Drilling Market to Suffer through 2015

Photo: Seadrill

A sluggish offshore drilling market could deteriorate further next year due to weak demand and a flood of new vessels, even though a few places such as Mexico and Brazil remain promising for exploration, industry executives said on Wednesday.


MN 100: Schottel GmbH

Schottel River Cruise Vessel with 4 x STP 200 EH.jpg

Mainzer Straße 99, 56322 Spay Rhein, Germany Telephone: 49 2628 610 E-mail: info@schottel.de Website: www.schottel.de CEO Scottel GmbH: Dr.-Ing. Gerhard Jensen Number of Employees: 1,950 + The Company: The Schottel Group, with its headquarters in Spay/Rhine


MN 100: Signal International

Signal Drydock.jpg

11 N. Water St., Suite 16250 Mobile, AL 36602 Telephone: 251 544 2620 E-mail: jmayhall@signalint.com Website: www.signalint.com CEO/President: Richard Marler, CEO Number of Employees: 500 The Company: With four yards, Signal offers new construction, rig and ship repair


MN 100: Patterson Manufacturing

40ft yoyo.jpg

870 Riversea Roads Pittsburgh PA 15233 Tel: (800) 322-2018   Email: Russ.Mayhew@pattersonmfg.com Website: www.pattersonmfg.com President & CEO: David B. Grapes The Company: The Patterson Manufacturing Company began operations in 1858 on the banks of the Monongahela River in


MN 100: TerraSond Limited

Terresond Logo.jpg

539 N. Carancahua Street Corpus Christi, TX  78401 Telephone: 907 982 5321 E-mail: bbusey@terrasond.com Website: www.terrasond.com CEO/President: Thomas Newman Number of Employees: 65 The Company: TerraSond is a leader in precision geospatial solutions providing professional survey






 
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