Oil rig news

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.

The business intelligence group’s report reveals a 10 yr low in oil discoveries in Norway and anticipates a shift in focus in the UK to gas in 2018.

The collaboration between the two companies saw them identify and map oil seepage off the coast of California.

The operator has advised that the SM 71 F2 well had spudded and as at 9.45 pm on 3 December USA Central Standard Time current operations are drilling ahead at 564 ft (172 m) MD.

Po Valley Energy Limited (PVE), the Australian ASX listed natural gas company, has announced that it has spudded the Podere Maiar 1 dir well in the former Selva gas field on Tuesday 21 November.