Oil and gas companies Equinor and ConocoPhillips have recently drilled dry wells in the North Sea, offshore Norway, targeting the Poseidon and Lamba prospects, respectively, according to the Norwegian Petroleum Directorate.Equinor, the operator of production licence 1104…
The Biden administration on Monday proposed offshore drilling safety measures that it said would help prevent oil spills and protect workers and the environment.The proposal aims to restore safety provisions put in place by the Obama administration…
No details of an oil and gas licensing round in the British North Sea will emerge until after the official mourning period for Queen Elizabeth ends on Sept. 20, a spokesman for the North Sea Transition Authority said on Monday.New British Prime Minister Liz Truss…
Norwegian oil and gas firm Aker BP has received a Petroleum Safety Authority Norway (PSA) consent to use the jack-up drilling rig Maersk Invincible for drilling activities on the Ivar Aasen field, offshore Norway. The consent includes plugging…
Norwegian oil and gas company Aker BP has added two additional firm wells to its contract with Odjfell Drilling for use of the Deepsea Nordkapp semisubmersible drilling rig. The extension has an estimated duration of approximately six months…
Global oil and gas exploration is set to falter this year as the number of licensed blocks and total acreage fall to near all-time lows as the sector struggles to shake off the effects of the Covid-19 pandemic and the ensuing oil market crash…
Shell has exercised an option to extend the provisioning of the 7th generation drillship Maersk Voyager for drilling services offshore Mexico. The contract extension is expected to commence in April 2023, in direct continuation of the rig’s current contract…
Offshore drilling contractor Transocean on Tuesday announced it has secured two drilling contracts for its ultra-deepwater drillship Deepwater Asgard in the U.S. Gulf of Mexico.The two awards, which come from separate operators and are worth about $181 million combined…
Britain’s oil and gas industry body called for new drilling licenses in the North Sea and rapid investment in the sector to mitigate the impact of high prices on consumers as the country grapples with the worst energy crisis in decades.The incoming…
Island Drilling Company announced it has signed a contract with Trident Energy to provide the Island Innovator drilling unit and associated services for a drilling campaign offshore Equatorial Guinea.Planned to start in September/October of 2023…
Offshore drilling contractor Valaris announced on Tuesday that it has received a payment of $40 million from its joint venture with Saudi Aramco, ARO Drilling, representing a partial early repayment of its shareholder notes receivable.Following this payment…
Namibian offshore oil and gas discoveries by TotalEnergies and Shell are of commercial quantities, likely in the billions of barrels, the southern African nation's mines and energy minister said on Friday. Both companies announced earlier this…
Scana-owned PSW Technology has secured a contract with offshore drilling contractor Odfjell Drilling for the delivery of marine risers to operations in West Africa. The deal includes the leasing of a complete riser package for a minimum of 18 months…
Offshore drilling company Valaris said Thursday it had secured new drilling rig contracts and contract extensions, worth $149 million in total. The contract backlog excludes lump sum payments such as mobilization fees and capital reimbursements…
Offshore drilling company Diamond Offshore Drilling has secured a contract for its Ocean Apex rig with Inpex in Australia. Inpex, based in Japan, will use the rig on the Northwest Shelf of Australia. The new contract covers two wells and is…