Statoil Awards Norwegian Continental Shelf Drilling Contract
Statoil has, on behalf of relevant licensees, exercised options for previously awarded drilling service contracts for fixed installations. Options have been exercised for 17 installations on the Norwegian continental shelf. In 2012 Statoil awarded contracts for four years with options for three times two-year extension to Archer, KCA Deutag and Odfjell. The company now extends the contracts with the suppliers, exercising the first option. The option period will last from 1 October 2016 to 1 October 2018, with some changes to the scope awarded. The total contract value for the next two-year
Record Rig Berthing at Drydocks World
World, the international service provider to the shipping, offshore, oil, gas and energy sectors, have simultaneously berthed 11 rigs in the Dubai yard, breaking its record of nine rigs at the yard set in February this year. Clients contributing to the record include Saipem, Saudi Aramco, Shelf Drilling, Aban Offshore and the National Drilling Company. Drydocks World said it has focused its efforts to cater to the offshore market and rig requirements through establishing a dedicated rig division which has worked to market the yard facilities, capabilities, safety records, quality and
An Open Arctic and its Impact on Oil Drilling
William Cho, Head of MatthewsDaniel Weather, a division of the Bureau Veritas Group, explains why improvements in drilling technologies and weather monitoring systems have made offshore shelf drilling operations in the Arctic Circle increasingly attractive to upstream oil and gas companies and their investors. Rising crude oil prices motivate not only technological innovators to explore cheaper alternative energy sources, such as solar panels and wind turbines, but also upstream oil and gas companies to explore new oil reserves which had not otherwise been economical. While the exact amount is less
Drydocks World to Repair “High Island IV”
Drydocks World, the international service provider to the shipping, maritime, offshore, oil, gas, and energy sectors, has been chosen to carry out the drydocking and repairs of the jack-up “High Island IV” for Shelf Drilling, one of the major players in the shallow water drilling market, and owners of 40 rigs worldwide. Drydocks World-Dubai has a successful past with Shelf Drilling, previously completing a variety of work on six of their rigs, ranging from Saudi Aramco specifications to major upgrades and re-activation. The contract signing for the “High Island IV”
Australia's CHAMP Drilling to List on London Bourse
Reuters – Australia 's CHAMP Private Equity said it plans to bypass the local share market to list Shelf Drilling Ltd, the company it formed 16 months ago to run $1 billion worth of shallow water oil rigs, on the London Stock Exchange in May. "We're in the process of moving for a listing of that business on the London Stock Exchange hopefully in mid-May," Nathaniel Childres , CHAMP managing director, told an Asian Venture Capital Journal conference on Friday. Dubai -headquartered Shelf, which CHAMP set up in 2012 to buy 38 shallow-water drilling rigs from New York and Zurich
August 2025
