Odfjell to build $645M semi in S. Korea Feb 23, 2007
The board of directors of Seadrill-owned Odfjell Invest Ltd. has decided to exercise a contract option and to build another semi-submersible drill rig at the busy yard, Daewoo Shipbuilding & Marine Engineering in South Korea.

Transocean, GlobalSantaFe settle patent row Feb 21, 2007
Drilling contractors Transocean and GlobalSantaFe have settled on a price in a dispute over the patented rights of dual-drilling technology aboard modern rigs.

Petrolia profit outshone by Apache contract Feb 21, 2007
Petrolia Drilling said Wednesday that one of its drill rigs has a new contract with Apache for the SS Petrolia rig, which will earn $300,000 a day.

Asian rig SCORE outperforming rest Feb 21, 2007
The profitability of offshore rigs plying waters in Southeast Asia has risen 64 percent over the past year, it was gleaned from drilling contractor GlobalSantaFe’s SCORE report.

Seadrill secures work for West Triton Feb 16, 2007
Europe’s largest offshore drilling contractor, Seadrill, has found work for in Australia its in-the-works jack-up rig, West Triton.

Seajacks to spring forth on N. Sea maintenance Feb 16, 2007
A Norwegian rig broker and his institutional investors have raised $110 million to launch a new offshore construction and maintenance company to be spearheaded by ships that “jack up”, it was learned Friday.

Transocean Q4 triples as backlog builds Feb 15, 2007
Houston-based  rig giant Transocean has posted fourth-qarter net income of $621 million, more than tripling gains year-on-year on revenues thar rose 16 percent.

Teco turns coats into seasonal gain Feb 15, 2007
Rig surfacing specialist Teco Coating Services posted net income of NOK17 million ($2.8 million) Thursday, a 75-percent improvement over 2005 gained by offering rigs and ships maintenance at sea.

Odfjell earnings report focuses on rig Feb 15, 2007
Bermuda-based rig supplier Odfjell Invest posted on Thursday a tiny, $300,000 profit in the final quarter of 2006, as long-term drilling contracts are sought for its high-spec semi under construction in Korea.

Norway's “zero-emissions” rules go to print Feb 14, 2007
The rules of Norway’s new “zero-emissions” operations offshore have been quietly published, and, judging by documents read by OilGas24, the new ethos looks a lot like those in other sectors of the North Sea oil province.
By WILLIAM STOICHEVSKI

Wood Group to service Indonesia’s Star platforms Feb 13, 2007
Oilfield services company Wood Group been awarded a three-year contract by Star Energy to manage and maintain the four platforms of the Kakap field off Indonesia, it was learned Tuesday.

Fred Olsen profits surge on tight rig market Feb 13, 2007
The profits of Oslo-listed drill-rig owner Fred Olsen Energy soared by nearly NOK960  million ($153,759 million) in 2006 to NOK973.8 million ($156 million) on operating revenues which nearly doubled over 2005 to NOK4 billion ($640.7 million).

Total contract outshines Eastern’s Q4 loss Feb 12, 2007
Shareholders in Seadrill-managed Eastern Drilling were shown a three-year contract with French oil company Total, as the company posted a fourth-quarter loss in 2006 of $91,000.

Dolphin finds winter hire in UK sector Feb 12, 2007
A Dolphin Drilling Ltd. semi-submersible rig will offer itself up as offshore housing for six months starting in late January 2008, it was learned Monday.

Bourbon business up 36% on African wave Feb 9, 2007
Paris-based offshore ship-owner Bourbon said the revenues of its offshore business grew 35.8 percent to €376.6 million during 2006, with 31 new vessels Christened and the massive growth in African and Asian E&P.