Seadrill Partners LLC said on Tuesday it had filed for Chapter 11 bankruptcy protection as a means to restructure its debt, in another sign of financial difficulties for the wider Seadrill Ltd oil drilling rig group.'The company intends to use the bankruptcy process to ensure that all customer…
Borr Drilling, a Norwegian contractor of shallow-water drilling rigs, warned on Monday that the company continued to face a “very challenging” financial situation after reporting $61.9 million in net loss for the third quarter.The company said…
Norwegian oil giant Equinor has been cleared to drill an exploration well at the Isflak prospect in the Barents Sea.The well 7220/7-4 sits in the production license 532, in a water depth of 351 meters. The approval was granted by the safety regulator PSA Norway…
Oil and gas company CGX, the operator of the Corentyne offshore block in Guyana, has, with its partners been given more time to drill a well in the block.Frontera Energy Corporation, a CGX partner in the Corentyne block, said Friday that, following…
Bahamas Petroleum Company (BPC), an oil and gas firm which is gearing up to spud its first well offshore the Bahamas next month, has raised the cost estimates for the drilling operation, citing COVID-19 mitigation measures.As previously reported…
Australian oil and gas Melbana Energy has been awarded two additional petroleum exploration permits offshore northern Australia, near the license containing the Beehive prospect.The application was made for the permit areas, designated as WA-544-P and NT/P87…
Investments from the global oil and gas exploration and production companies (E&P) in 2021 are forecasted to reach around $380 billion, almost flat year-on-year, a report by Rystad Energy shows.Approximately 20% or $76 billion of the estimated…
Bassoe Analytics, a Norwegian offshore drilling rig data company, said Tuesday it has merged with Greenpact Data. The merged company, called Esgian, has been described as a provider of Environmental, Social, and Corporate Governance (ESG) impact analytics for the energy transition…
French oil major Total has awarded a conditional letter of award to Danish offshore drilling firm Maersk Drilling for the supply of two deepwater rigs, Mærsk Developer and Maersk Valiant, for an exploration and appraisal project in Suriname’s Block 58…
Oslo-listed oilfield services provider Archer has won a five-year contract with the Norwegian oil company Aker BP.The contract is for the provision of platform drilling operations and maintenance services on the Ula and Valhall installations in the Norwegian sector of the North Sea…
Offshore drilling contractor Noble, which filed for chapter 11 bankruptcy protection in August, said Monday that its restructuring plan had received court approval. The offshore drilling company changed its name earlier this month from Noble Corp…
Ivory Coast-based energy firm Foxtrot International will invest $315 million to increase its gas output by a third by 2022 to meet the West African nation's growing power needs, the firm's general manager told Reuters on Monday.Ivory Coast,…
Norwegian oil and gas company Vår Energi has been given consent to use Saipem's Scarabeo 8 drilling rig on the Goliat oil field in the Barents Sea, off Norway.Vår Energi will use the semi-submersible drilling rig for production drilling on the Goliat field…
Norwegian offshore drilling contractor Odfjell Drilling has signed firm drilling contracts with Equinor for the use of two of its offshore drilling rigs in Norway.The contracts are for the use of the Deepsea Atlantic semi-submersible drilling…
Offshore drilling contractor Seadrill has recently won drilling contracts worth $52 million in total. On Friday, the Oslo-listed driller issued its 3Q 2020 trading update and said that the offshore drilling market situation would remain depressed until late 2021…