Wednesday 3 September 2014
 
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North Sea rig closures may hit UK oil output

Britain's oil industry is facing the threat of a cascade of North Sea rig closures, unless ageing platforms can urgently source more gas to help squeeze out the remaining barrels, said experts. The potential threat to oil reve

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NDC inaugurates new rig

A new land rig has been inaugurated by the National Drilling Company (NDC) as part of the company’s fleet expansion programme. The new rig will help the company to step-up its ability to perform specific drilling operations that r

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Asry's rig division eyes opportunities

Ship and rig repair yard Asry's offshore rig repair division is preparing for a possible market surge, chief executive Nils Kristian Berge has said.   He highlighted the

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Dubai-based Shelf Drilling aims $500m IPO

Shelf Drilling plans to raise at least $500 million in an initial public offering on the London Stock Exchange, joining other Gulf-based oil services firms seeking a listing on the bourse. The Dubai-based offshore oil rig operator

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China rig finishes initial work in disputed waters

A giant Chinese oil rig has finished its first round of drilling in South China Sea waters also claimed by Vietnam and moved to another site in the area, the rig's operator, China Oilfield Services (COSL) , said on Tuesday. In

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Drydocks World in $730m rig deal

Drydocks World, the Dubai-based group which has undergone a multi-billion-dollar debt restructuring, said it had been commissioned to construct “Dubai Expo 2020 NS,” the largest rig ever built for the North Sea in a deal worth $730 m

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Rising costs drag oil and gas into factory age

  Oil engineering consultant Steve earns 550,000 Australian dollars ($560,000) a year and is seeing new graduates signed up for six-figure salaries.   These pay rates, along with other rising costs

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Drydocks launches $24m self elevating platform

Drydocks World, a leading ship and offshore repair and new building company, has launched a self elevating platform built at a contract value of $24.6 million from its dedicated rig building facility in Graha, Indonesia. “International dem

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Rowan targeting 11 Saudi rig opportunities

Shallow-water oil rig contractor Rowan Cos is bidding on 11 drilling opportunities in Saudi Arabia, chief executive Matt Ralls said, as the world's top oil exporter seeks to expand its drilling.    Saudi Arabia aims to incr

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Adnoc awards $218m rig deal to China firm

The UAE's state-run Abu Dhabi National Oil Company (Adnoc) has awarded Chinese firm Baoji Oilfield Machinery a $218 million contract to supply onshore oil rigs, Adnoc's drilling unit said in a statement. Baoji is a subsidiary of China's la

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