Drilling News


Borr Drilling Scoops $332M in Three Jack-Up Rig Contracts

Jul 26, 2024

Offshore drilling contractor Borr Drilling has secured contracts for three of its premium jack-up drilling rigs, which will be put to work in Brazil, Malaysia and Gabon.These contract and extensions for Borr Drilling’s Arabia I, Gunnlod and Norve jack-ups cover a total of 1…

CNOOC, ADNOC Agree to Deepen Cooperation

Jul 25, 2024

China National Offshore Oil Company (CNOOC) said on Thursday it signed strategic alliance agreement with Abu Dhabi National Oil Company (ADNOC) to deepen cooperation.Under the agreement, the companies will cooperate in oil, gas exploration and production…

GA Drilling Teams Up with Petrobras for Next-Gen Downhole Drilling Systems

Jul 25, 2024

Slovakia-based drilling specialist GA Drilling has entered into a technical cooperation program with Brazil’s state-owned oil and gas giant Petrobras to deliver more efficient deep drilling system.In cooperation with Cenpes, Petrobras’ research…

Valaris 123 Rig on Its Way to Drill Selene Well for Shell

Jul 23, 2024

Valaris’ jack-up rig Valaris 123 has been mobilized and is en route to drill the Selene exploration well in the Southern North Sea in Shell-operated license.The Valaris 123 drilling unit was mobilized on July 21 from its current location in the Central North Sea…

Australia Awards New Offshore Acreage

Jul 22, 2024

Australia has awarded new offshore acreage for petroleum exploration and carbon capture and storage (CCS) opportunities.The Minister for Resources and Northern Australia Madeleine King will finalize permits for Esso and Beach Energy in the Otway and Sorrell Basins…

Noble Secures Drilling Work off Poland

Jul 22, 2024

Offshore drilling contractor Noble Corporation announced its first drilling campaign offshore Poland.The jackup Noble Resolve will drill one well for CEP Central European Petroleum BV in the Wolin Concession starting October 2024, in direct continuation after SPS…

Valaris Nets $498M Drillship Contract with Equinor for Ops Offshore Brazil

Jul 22, 2024

Equinor Energy do Brasil, a subsidiary of Equinor, has awarded a multi-year contract to Valaris for its VALARIS DS-17 drillship, which will be deployed offshore Brazil on Raia project.The estimated total contract value is approximately $498 million…

Esgian Week 29 Report: New Drilling Plans in Guyana and Norway

Jul 21, 2024

Esgian provides an update on new drilling plans in Guyana and Norway in its Week 29 Rig Analytics Market Roundup.Report SummaryContractsADES has secured a 10-year contract extension for 250-ft jackup Admarine 657 offshore Saudi Arabia, commencing…

Noble Corporation Plans Delisting from Danish NASDAQ

Jul 19, 2024

Offshore drilling contractor Noble Corporation has set out plans to voluntarily delist from NASDAQ Copenhagen, as the listing no longer justifies the associated costs.Noble said it will remain traded on the New York Stock Exchange (NYSE), as its primary listing exchange…

Diamond Offshore Inks $89M Drillship Deal

Jul 19, 2024

U.S.-based offshore drilling company Diamond Offshore has signed a contract with BOE Exploration & Production for its Ocean BlackRhino drillship, set for work in the U.S. Gulf of Mexico.The Ocean BlackRhino was awarded a contract with a minimum…

CNOOC Reports Major Oil and Gas Breakthrough in Bohai Bay

Jul 15, 2024

China's state-owned oil and gas firm CNOOC said on Monday it achieved an exploration breakthrough in Bohai Bay, with a discovery well tested to produce about 210 cubic meters of crude oil and nearly 1 million cubic meters of natural gas.The…

Esgian Week 28 Report: Rig Activity Robust

Jul 14, 2024

Esgian provides an update on rig activity and discoveries in its Week 28 Rig Analytics Market Roundup.Report SummaryDrilling Activity and DiscoveriesThe Norwegian Ocean Industry Authority (Havtil) has given Equinor consent for exploration drilling in blocks 32/4 and 32/7 in the North Sea…

Equinor Gets Clearance for Exploration Ops in Norwegian Sea

Jul 11, 2024

The Norwegian Offshore Directorate (NOD) has granted Equinor a drilling permit for a wildcat well in the Norwegian Sea with Odfjell Drilling’s Deepsea Atlantic rig.The permit has been issued for wellbore 6610/7-3 in production license 1014, with the entry date set for October 2024…

Wellesley Petroleum Strikes Oil in North Sea

Jul 10, 2024

Oil and gas company Wellesley Petroleum has proven oil and gas in an appraisal well drilled in the North Sea, using COSL Drilling’s COSLPromoter drilling rig.The oil was discovered in the Gnomoria Appraisal (35/10-12 S) well in the North Sea…

MODU Market Shrugs Off Contract Suspensions

Jul 07, 2024

The Middle East Gulf offshore market continues to exhibit strong growth in contract awards, even as it adjusts to the decision by Saudi NOC Aramco to suspend contracts for over 20 jack-up rigs.The Gulf region continues to contribute strongly to contract volumes in 2024…

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