By Rozanna Latiff and A. Ananthalakshmi KUALA LUMPUR, May 12 (Reuters) - An oil exploration vessel contracted by Malaysian state energy company Petronas that was involved in a standoff with a Chinese survey vessel in the South China Sea left the disputed waters on Tuesday, three security sources and the vessel operator said. Petronas has been conducting exploration … [Read more...]
Offshore Driller Valaris to Explore Bankruptcy with Creditors -Sources
File Photo: ronimiro/Shutterstock By Mike Spector and David French April 21 (Reuters) - Offshore oil driller Valaris PLC is preparing to start talks with creditors to see if they can agree on terms for a possible bankruptcy filing, as it grapples with a $6.5 billion debt burden and an unprecedented plunge in U.S. crude prices, people familiar with the matter said on … [Read more...]
John Fredriksen’s Northern Drilling Snaps Up Newbuild Drillships on the Cheap
John Fredriksen-controlled Northern Drilling has entered into agreements to acquire two newbuild ultra-deepwater drillships from South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) for the bargain price of just US $296 million apiece. The drillships were originally ordered by Seadrill in 2013 when the price tag for modern newbuild drillship was still close to … [Read more...]
Ocean Rig Postpones Delivery of Newbuild Drillship Ocean Rig Santorini at Samsung Heavy
Offshore driller Ocean Rig has announced it has reached a deal with South Korean shipbuilder Samsung Heavy Industries to postpone the delivery of the newbuild drillship Ocean Rig Santorini by a little over two years. Under the agreement with SHI, Ocean Rig said the drillship will now be delivered on September 30, 2019, but delivery may be pushed forward at the option of … [Read more...]
BSEE: Worker Killed Aboard Petrobras 10000 Drillship in U.S. Gulf of Mexico
A drillship worker was killed last week in an accident on the rig floor of a Petrobras-contracted drillship in the U.S. Gulf of Mexico about 172 miles south of Port Fourchon, Louisiana, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) has confirmed. The offshore oil and gas operator, Petrobras America, reported that the fatality occurred onboard the Petrobras … [Read more...]