Wednesday, December 1, 2010

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Gardner Denver Rigs for sale, Gas and Oil drilling rigs for sale worldwide; Land rigs for sale

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Tuesday, November 23, 2010

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Newfoundland and Labrador. Offshore oil rigs need safety regulator: Inquiry

Newfoundland and Labrador. Offshore oil rigs need safety regulator: Inquiry


Postmedia News November 18, 2010 A report from an inquiry into an offshore helicopter crash that claimed 17 lives last year recommends that an independent regulator be created to improve safety in the province's offshore oil industry. Robert Wells, a retired Newfoundland Supreme Court justice who led the inquiry, said the taxpayer-funded body should have safety as its sole mandate. The inquiry was set up after Cougar Helicopters Flight 491 crashed while trying to return to base in St. John's in March 2009. Only one of the 18 people on board survived.

Thsiis an extract from http://www.ottawacitizen.com/news/Newfoundland+Labrador+Offshore+rigs+need+safety+regulator+Inquiry/3846512/story.html

U.S. Rig Count Retreats

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI - Analyst Report) reported a fall in the U.S. rig count (number of rigs searching for oil and gas in the country), primarily reflecting decreases in the land and offshore rig counts for natural gas drilling.



The Baker Hughes rig counts, issued since 1944, act as an important yardstick for drilling contractors like Transocean Inc. (RIG - Analyst Report), Diamond Offshore (DO - Analyst Report), Noble Corp. (NE - Analyst Report), Pride International (PDE - Analyst Report), Nabors Industries (NBR - Analyst Report), Patterson-UTI Energy (PTEN - Analyst Report) and Helmerich & Payne (HP - Analyst Report) in gauging the overall business environment of the oil and gas industry.


Weekly Summary


Rigs engaged in exploration and production in the U.S. totaled 1,677 for the week ended November 19, 2010. This is down by 8 rigs from the previous week’s rig count and represents the first decline in 4 weeks. Despite this, the current nation-wide rig count is 91% higher than the 2009 low of 876 (set in the week ended June 12, 2009) and significantly exceeds the prior-year level of 1,113. It rose to a 22-year high in 2008, peaking to 2,031 in the weeks ending August 29 and September 12.


Rigs engaged in land operations descended by 5 rigs to 1,637, offshore drilling decreased by 3 rigs to 20, while inland waters activity remained steady at 20 rigs.


Natural Gas Rig Count

The natural gas rig count decreased for the fourth time in six weeks to 936 rigs (a loss of 19 from the previous week). Despite the weekly decline, the number of gas-directed rigs are just 56 short of the 18-month high reached during mid-August, rebounding strongly after bottoming out to a 7-year low of 665 on July 17, 2009. Still, the rig count remains 42% below its peak of 1,606 in late summer 2008. In the year-ago period, there were 726 active natural gas rigs.


Oil Rig Count

The oil rig count was up by 11 rigs to 731, the 15th gain in the last 18 weeks. The current tally is considerably higher than the previous year’s rig count of 375. It has recovered nicely from a low of 179 in June 2009, more than quadrupling in number.


Miscellaneous Rig Count


The miscellaneous rig count (primarily drilling for geothermal energy) at 10 remained unchanged from the previous week.


Rig Count by Type


The number of vertical drilling rigs was down 4 to 532, while the horizontal/directional rig count (encompassing new drilling technology that has the ability to drill and extract gas from dense rock formations, also known as shale formations) also fell by the same number to 1,145.

This is an extract from http://www.zacks.com/stock/news/43621/U.S.+Rig+Count+Retreats

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Tuesday, November 16, 2010

Seadrill disposes of the jack-up rig West Larissa

Hamilton, Bermuda, October 14, 2010 - Seadrill has entered into an agreement to sell the 1984 built jack-up drilling rig West Larissa to a buyer registered in Panama for a total consideration of US$55 million.

Seadrill expects to record a gain on sale of approximately US$26 million in the fourth quarter 2010. Closing of the agreement and transfer of ownership of the unit is scheduled to October/November 2010.

West Larissa is presently working on an assignment for VSP offshore Vietnam. West Larissa will be released from the contract with VSP late October 2010, and Seadrill's 2007 built jack-up West Prospero will simultaneously take over the remaining part of this contract until completion by the end 2011.

Alf C Thorkildsen, CEO of Seadrill Management AS says in a comment: "The disposal of West Larissa is in line with our strategy focusing our company on modern, premium offshore drilling units."
Contact
Jim DÃ¥tland
VP Investor Relations
Seadrill Management AS
+47 51 30 99 19

Seadrill orders two new jack-ups in China for delivery in 2012 and 2013

Hamilton, Bermuda, November 15, 2010 - Seadrill has entered into an agreement for the construction of two jack-up drilling rigs with Dalian Shipbuilding Industry Offshore Co., Ltd (DSIC) in China. The new units are scheduled for delivery in the fourth quarter 2012 and first quarter 2013 respectively, and total project cost is estimated at US$380 million, which include project management, drilling and handling tools, spares and capitalized interest.

In addition, Seadrill has option agreements for construction of further two similar units with DSIC.

The two rigs ordered from Dalian represent the latest generation, high specification jack-up drilling rigs with greater capacities and capabilities than current more conventional units. The units are based on the Friede & Goldman JU2000E design, and are suitable for operations world wide, including the southern North Sea. The units have the capability to operate in water depths up to 400 ft and drill to depths of 30,000ft. They also offer improved drilling efficiencies with off-line pipe handling, simultaneous operations support and increased accommodation capacity.

Alf C Thorkildsen, Chief Executive Officer in Seadrill Management AS, says," We expect market and conditions for premium jack-up rigs to continue to improve. These newbuild orders position our Company to meet the demand from our customers and further strengthen our position as the leading operator of modern, high quality offshore drilling units. Our jack-up rig fleet will, including the recent acquisition of Scorpion and the two recently ordered rigs from Jurong, constitutes the world largest modern jack-up fleet with a total of 18 units built after 2006."
 
Contact:
Esa Ikäheimonen
CFO
Seadrill Management AS
+47 51 30 99 19 

Accommodation Barge with 1600Ton Crane for Sale - Newbuilding- Worldoils Oil, gas and offshore equipment marketplace

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Tuesday, November 9, 2010

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Sunday, October 31, 2010

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Pilot Boats For Sale, Patrol Boats for Sale - 9.5 mts - NEW- Worldoils Oil, gas and offshore equipment marketplace

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Wednesday, September 8, 2010

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Sunday, August 29, 2010

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Sunday, August 15, 2010

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World Oil & Gas Directory - Company Search

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Thursday, July 29, 2010

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Tuesday, June 22, 2010

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Monday, June 21, 2010

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Thursday, June 17, 2010

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Saturday, June 12, 2010

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Friday, June 4, 2010

Accommodation Work Barge for sale - 95.4m 300men

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Friday, April 2, 2010

Industry looks for more than sites to drill on

LOCK HAVEN - Drive the highways and back roads of central Pennsylvania and it becomes abundantly clear the Marcellus Shale natural gas play is intensifying.

The industry isn't just looking for land on which to drill, but to park trucks, tank trailers, pipe - miles and miles of pipe - compressors and equipment, for office space, to treat water, to draw water.

They're looking for housing for employees, boosting occupancy rates at select area hotels and motels in the region ... the list goes on.

To drill and extract the gas from the shale 5,000 to 8,000 feet deep in the earth, they need sand and water - a very great deal of water - and their plans to use area streams and the Susquehanna River create challenges for local governments to balance progress with safety, serenity and conservation.

Drilling has been going on in earnest for some time in northeastern Pennsylvania.

Now it is central Pennsylvania's turn.

Investment to find clean natural gas is well under way and only will ramp up this year, according to industry officials.

Companies are pouring millions of dollars into the "play," as they call it.

Houston, Texas-based Anadarko Petroleum Corp. is a primary player in Clinton County. That company had invested an estimated $340 million through January in the entire Marcellus Shale region, individually and in partnership with Chesapeake Energy Corp., and including operated and nonoperated sites.

Part of that is the roughly $52 million paid to Pennsylvania to lease state forest land for drilling. The firm has 250,000 net acres under lease in Pennsylvania.

"This is significant. We're one of several operators that are ramping up activities," M. Chris Doyle, general manager, Appalachian Basin, for Anadarko, said recently from the company's Williamsport office. "That is sizeable, and it's extremely exciting for us and the Commonwealth."

Pennsylvania College of Technology's Marcellus Shale Education and Training Center did an analysis of public statements from energy companies with operations in this area. That study suggests the number of wells drilled regionally could increase from 21 in 2008 and 26-plus wells in 2009 to 48 wells in 2010.

Principal energy companies operating in this region include Anadarko, Exco North Coast Energy, Chief Oil and Gas, Chesapeake Energy, Rex Energy and Range Resources.

To get an idea of the scope of just Anadarko's ambitions in the Marcellus Shale, the company's CEO, Jim Hackett, recently said the company anticipates "drilling more than 4,500 wells over the coming years."

Putting that in perspective, Doyle said that number represents the firm's full partnership with Chesapeake "over the entire expanse of its Marcellus Shale leases.

"That's 15 to 20 years in the making ... spread out over decades of activity," he said. "That would require virtually every single acre and it's definitely the high end. And in order to even approach that number, we need to work with all of the stakeholders."

Those 4,500 wells come at about four to six per four-acre pad based on the hydro-fracturing technology companies are employing - and because of the mountainous terrain here. That minimizes the environmental footprint, Doyle said.

In simple terms, the wells are drilled vertically, then horizontally into the shale. Special casing is used to protect aquifers. Explosive charges are set deep into the well and exploded to fracture the shale. Water and sand, along with other substances, are injected into the wells at high pressure to push the gas up and out.

Anadarko is looking to "mobilize two more rigs at or by mid-year so that we're at five to seven rigs in the next six months. We're at a slower ramp up than others; we're getting more comfortable with our operations," Doyle said.

"Bouncing" among public and private land leases in Clinton, Lycoming and Centre counties, Anadarko is mobilizing a fourth rig now that should produce its first well any time.

Shale thickness

In Clinton County, geologists have determined the Marcellus Shale runs at thicknesses from 75 to 150 feet, though some estimates go as high as 200 feet. The thickest shale formations are found in areas within Grugan, Gallagher, Beech Creek, Pine Creek, Dunnstable and Leidy townships.

Of course, getting gas from the wells is only half the challenge; getting the gas to market is the other.

So Anadarko hopes to start building a new pipeline in northern Clinton County starting around June (depending on final permit approval) and along an existing pipeline built in the 1980s by Texaco, Doyle said. It should take through August to complete if all goes as scheduled.

"We have nine local hires working on that project; surveying crews, a biologist and others," Doyle said. It will consist of a 10-inch pipeline that should have the capacity to move about 100 million cubic feet of natural gas per day, a "significant volume for Pennsylvania," he added.

In fact, Doyle said gas in the pipeline will "be the first significant royalty generated off of the state forest."

Meanwhile, Anadarko could learn of a critical decision in two weeks when the Chapman Township Zoning Hearing Board resumes its hearing on the firm's request to use a plot of land near Hyner Bridge to pump water from the Susquehanna River to take to its wells to extract gas.

The company pledges to have minimal impact on the plot near Route 120's Hyner Bridge as it works to reduce truck traffic from and to Jersey Shore and Bellefonte to haul water. At last report, the hearing is set for April 13 at the fire hall at North Bend.

Essentially, Anadarko's plans to use .89 of an acre for trucks and a dry hydrant. They say it will minimally impede the view from nearby Hyner View and, importantly, Doyle said, it would "take trucks off the road and reduce emissions" as the firm tries to get as close to its operations as possible.

Local officials say minimizing truck traffic on area roadways is a priority. Sections of state Routes 144 and 44 - in the area of drilling in Grugan and Gallagher townships - are being destroyed by heavy trucks supporting drilling and logging.

Pumping water from the Hyner site "will significantly reduce congestion on that two lane road (Hyner Mountain Road) where there is so little opportunity to pass," added Mary Wolfe, an Anadarko liaison based in Williamsport.

Water would be pumped only at periods of high flow in the Susquehanna so there is "no conflict with the needs and opportunities for recreational boaters ... and the spirit of tourism and recreation are not compromised," she said.

Jobs and skills

Doyle and Wolfe discussed the need for skilled workers as drilling progresses.

They agree that it's quite a challenge, especially for firms that serve as site contractors and suppliers for the exploration companies.

And while the general public might gripe that they're not seeing the kind of job growth industry experts predicted, there are opportunities.

Reportedly, one local gas field support company advertising for positions including welders, truck drivers, pipefitters, general laborers, electricians and more received 400-plus job applications in a matter of two weeks.

As it stands, site contractors are having to import workers from the southwest and Canada, mostly "roughnecks" who know how to work a drilling rig.

But Louis D'Amico, of the Independent Oil and Gas Association of Pennsylvania, said "that is not our long-term solution."

Larry L. Michael, executive director, Workforce and Economic Development at Penn College, co-authored the Marcellus Shale Workforce Needs Assessment released last June.

"On average, a drilling rig is on site from three to five weeks. During that time, there are 20 to 30 subcontractors. You have to figure out who those 20 to 30 contractors are to find the jobs. They could be a water hauler, welder, pipefitter, surveyor, logger and, of course, roughnecks or 'roustabouts' as they're also called," Michaels said.

"Roughnecks by far make up largest percentage of jobs," he continued. "They are typically general labor but need certain training, including safety. In fact, our largest training need is for roughnecks. They need a basic understanding of the industry, need to undergo rigorous safety training and generally obtain certificates to work in the industry."

Matt Carmichael, senior public affairs representative for Anadarko, said it's not just about finding workers to train; recruiting people to do the training is another obstacle.

"There's no critical mass up here, no (drilling industry) retirees who live here and can teach roughnecks how to work a rig floor, for example."

Rhonda Engh, human resource manager for Precision Drilling Inc. - a Canadian-based drilling contractor for the exploration companies here -said the firm's short-term manpower needs are being met by qualified but imported workers "to insure we are operating in a safe and productive manner.

"Our long-term plans include aggressive training for local individuals who haven't had the opportunity, but have the desire to pursue a career in the oil and gas industry," she said.

Asked if Precision is finding qualified local people to work, she said, "The definition of qualified depends largely on the position being filled. However, we have hired at the entry level positions with local people who do have the desire to work in this type of industry.

"Entry level positions do require a minimal qualification due the scope of work they must be able to perform," she added. "However, training is still required for this position, but does not require the level of training as do the more critical positions."

Desire can't be overstated, she said.

Roughnecks and associated drill site laborers typically work 28 straight days of 12 hour shifts, with 14 days off under a three-shift rotation, she said. The firm provides housing for each rig, with some housing on site and some off.

"We use local welders and other craftsmen to support the rig needs," she added.

Though the number likely is higher now, she estimated earlier this year that Precision's labor force was 160 and counting. Precision drills for Anadarko, Range Resources, Fortuna and Ultra Resources. The firm has opened a field office in the Williamsport area.

"Our investment in office construction and moving full time support staff to the area demonstrates Precision's commitment to a long-term presence in the area," she said.

This is an extract from http://www.sungazette.com/page/content.detail/id/541511.html?nav=5011

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Saturday, January 23, 2010

Drilling picks up as prices recover

This is an extract from http://www.canada.com/business/Drilling+picks+prices+recover/2444416/story.html

CALGARY - Oil and gas drilling activity has gained new life in Western Canada during the first two weeks of the year, rising to levels not seen since 2008 but still below industry averages.

Stronger oil prices have sparked renewed interest in drilling from an industry recovering from soft commodity prices, low demand and tight credit markets.

The sector averaged 380 active rigs out of a fleet of 813, about 18 per cent higher than what the association had forecast -- 320 -- for the month.

"It certainly is an encouraging start," said Don Herring, president of the Canadian Association of Oilwell Drilling Contractors. "And if we were able to maintain this kind of activity level compared to the forecast, we will be very pleased."

Spring breakup, when terrain softens and makes moving heavy equipment prohibitive, likely will see the number of active rigs fall, he noted.

The association is forecasting an average of 800 rigs running this year, about 10 per cent less than the high of 2007. The lower numbers also take into account older rigs being retired, he said.

A sharp drop in commodity prices during the second half of 2008 spilled over into last year's budgets, which saw drilling activity -- particularly in Alberta -- fall to near 20-year lows. Natural gas prices lagged far behind crude oil as the economy recovered from a global recession, further dampening what represented more than half of the drilling demand in the province.

Herring attributed the early recovery to sustained oil prices driving interest in light oil plays in west-central Alberta. The area has gained new life with the use of horizontal drilling targeting what geologists call the Cardium formation, part of the Pembina field.

Results from the first Alberta land sales of the year supported a positive trend, raking in a total $46.4 million from the auction of oil and gas rights.

Approximately 79,100 hectares were taken up by companies for an average of $586.89 per hectare, with top bids coming in at $8,515 for a parcel west of Rimbey.

The early numbers compare with $20.12 million collected during Alberta land sales during the same period last year, but still are about 63 per cent lower than in 2007. The record-setting year saw land sales during the first week of January reach $54.24 million, for an average $457.30 per hectare.

Land sales are a leading indicator of where hot plays are developing, and this latest auction points to a shift in the industry's focus to new areas, said Gregg Scott, principal of Scott Land and Lease.

The highest single bid, for a one-million-hectare parcel, in Wednesday's land sale hit $8,515, with the lowest comparative bid for a similar-sized parcel sliding to $6,777.

"It's nice to see the momentum we saw at the end of December carry over into the new year," Scott said.

Alberta more than doubled its land sale total after raking in a near-record $383.9 million from its final auction of oil and gas rights in 2009.

The single-sale tally was more than the $347 million the province took in all year and the highest conventional land sale since Dec. 14, 2006, when the government took in $474.9 million.

Andrew Bradford with Raymond James in Calgary said the first two weeks of 2010 mark the first year-over-year increases in oilfield activity since late 2008.

"It's off to a pretty good start," he said in an interview. "It's been over a year of continuous year-over-year decline. Are we out of the woods? No, not yet, but we're not walking back into the trees."

On the shrinking numbers of rigs, older rigs are being taken out of service while others are shifting south in a development Bradford described as "healthy."

Companies such as Trinidad Drilling Ltd. and Savanna Energy Services have moved rigs to Mexico, while Ensign Energy Services, Precision Drilling Trust and Stoneham Drilling Trust have relocated rigs to several hot plays in the United States, he noted.

The emergence of lighter, more mobile single rigs capable of drilling intermediate depths is making some classes of double rigs obsolete. In addition to being cheaper to move and operate, they are also considerably faster at drilling certain kinds of wells, especially shallow ones. However, the most utilized class of rig remains the deeper triples.

Bradford predicted day rates will trend upwards starting in the second half of the year as a smaller rig fleet "creates the potential for more tightness in the market when things pick up."

domeara@theherald.canwest.com

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