Daily Archives: March 17, 2017

Report finds 38 rigs retired since 2014

Evercore ISI has released its Offshore Rig Market Snapshot for March, wherein the analyst firm’s Oilfield Services, Equipment & Drilling group examines trends in contracting activity and day rates, fleet operations, and near-term contract coverage. Read Full Article Here For more great articles: Offshore RSS Feed

Polish terminal dispatching LNG to Estonia via trucks

By LNG World News Image courtesy of Polskie LNGLiquefied natural gas from the President Lech Kaczynski LNG terminal in the port city of Swinoujście started dispatching the chilled fuel to Estonia via tank trucks. According to the statement by the Polish gas transmission operator, Gaz-System, the number of loading each day depends on the number…

Rig delivery deferral may not always be the best option for shipyards

By _Offshore_Energy_Today_ Packed full of jackup rigs which owners don’t want to take delivery of, shipyards are doing little to help their situation. They could benefit from a more commercial approach. By David Carter Shinn As we noted in our previous article, 107 jackup rigs are sitting at yards with yards and owners continuing the…

Statoil to save another $1 billion in further cost-cutting push

By Offshore Energy Today.. Norwegian oil and gas giant Statoil will reduce its costs by another $1 billion during 2017. The oil company on Friday presented its annual report for 2016 where it said it expects to achieve an additional $1 billion in efficiency improvements in 2017 for a total of $4.2 billion. While oil…

Sevan Marine to pay ANP fines for Piranema Spirit FPSO

By _Offshore_Energy_Today_ Sevan Marine, a designer of a cylindrically shaped floating platforms, has agreed on a settlement with Piranema LLC for the payment of “ANP fines incurred to date.” ANP or Agência Nacional do Petróleo, Gás Natural e Biocombustíveis is the Brazilian federal government agency regulating the oil and gas sector. Sevan Marine, which used…