Oil rig news

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.

The contract is based on a master framework agreement established between Seadrill and Equinor.

Engineering and manufacturing specialists, Entro Industries, today announced the immediate availability two new additions to its King-Pin walking foot family.

Terry Childs, Head of Riglogix, provides an overview of the Gulf of Mexico jackup market.

It will be the first major rig refurbishment completed at HENDERSON’s new service centre and rig yard at 6750 Bender Road in Houston, Texas.

Stena Drilling has teamed up with advanced simulator developer and manufacturer, Drilling Systems to combine competency assessment and coaching in-the-field with the On-The-Rig (OTR) simulator.

Since the previous report, the company has added approximately US$405 million in contract backlog.