Oil rig news

Fugro has won a long-term contract for the provision of rig positioning services to Statoil Petroleum AS.

Over US$83.1 billion in capital expenditure will be spent over the lifetime of the top 10 onshore oil projects to produce 9.7 billion bbls of crude oil, according to GlobalData, a leading data and analytics company.

Confidence within the oil and gas industries has surged after a difficult three years, according to a survey by DNV GL.

The International Marine Contractors Association’s (IMCA) Capt Andy Goldsmith, Technical Adviser – Marine, will be speaking on crucial aspects of Dynamic Positioning (DP) at the European DP Conference in London on 6 February.

Rising oil prices have drawn more eyes to the offshore markets. There are signs of green shoots after a period of depressed sentiment that started in late 2014, pushing asset values downwards through 2016.

Transocean Ltd. has announced that it concluded its extraordinary meeting of shareholders approving all of the proposals related to the acquisition of Songa Offshore SE.

Vantage Drilling International have signed a contract which continues their working relationship with their client CPOC.

KCA Deutag has announced that Albert Allan has joined the group as the new Senior Vice President of RDS, its rig design and engineering subsidiary.

The Baker Hughes international rig count for December 2017 was 954, up 12 from the 942 counted in November 2017, and up 25 from the 929 counted in December 2016.

The In-line Compensator has been deployed and operated from a deepwater drill ship in 3500 ft of water.