Oil rig news

Data shows that marketed utilisation for some rig types in some regions are nearing 85-90%.

GustoMSC, the developer of Chela, has transferred the multifunctional arm to Maersk Drilling.

Sabah Shell Petroleum Company Ltd, a subsidiary of Royal Dutch Shell, has signed an offshore master service agreement (MSA) with BMT.

An Ampelmann A-type system has been mobilised on the Harvey Blue Sea vessel, owned by Harvey Gulf, and will operate for 120 days.

One of the oldest platforms on the Norwegian continental shelf, Statfjord A, operated by Equinor, was originally scheduled to be shut down in 1999.

Oceaneering International Inc. has secured a new drilling and completion support contract for integrated services with Wintershall Norge AS.

A new technique to monitor the long-term integrity of suspended or decommissioned oil and gas wells in the North Sea is in development via a collaborative project involving Sentinel Subsea, Heriot-Watt University and the Oil & Gas Innovation Centre.

The new service will cover Midland, Odessa and the surrounding 100-mile radius, enabling Logan to offer quicker onsite and on-call services to these remote regions.

The transaction is expected to close in 2H19, subject to regulatory approvals.

With just 48% of floating rigs under contract presently and more scrapping needed to increase floater utilisation above 70 percent, it’s too soon to be bullish on outlook.