A group of Seadrill's creditors has agreed to let the offshore drilling rig operator suspend interest payments this month as part of an ongoing effort to restructure its $7.3 billion debt, the Oslo-listed company said on Wednesday.Seadrill,…
Oil and gas company Apache, with its partner Total, is on the hunt for its fourth offshore oil discovery in Suriname.The company has this year announced discoveries at Sapakara West, and Maka Central, and most recently, Kwaskwasi well - all in Block 58…
Thai subsea services company Mermaid Maritime has decided to sell its stake in Asia Offshore Drilling, a drilling joint venture with Seadrill, to limit its exposure to the volatile offshore drilling market.Mermaid, which owns a 33.76% in AOD…
Jack-up drilling contractor Shelf Drilling has canceled a charter deal for two jack-up rigs signed back in February 2019 with China's China Merchants.In February 2019, Shelf Drilling signed a deal to buy two CJ-46 jack-ups from China Merchants…
UK-based offshore decommissioning company Well-Safe Solutions has bought Seadrill's 1993-built West Epsilon jack-up rig, in a move that the company says will create a 100 new jobs.This will be Well-Safe's second rig in the fleet following the…
Turkey will send a second drillship to operate in the Black Sea, Energy Minister Fatih Donmez said on Sunday, weeks after Ankara announced its largest-ever natural gas discovery in the area.'Our drillship Kanuni, whose preparation work is continuing…
Japanese offshore drilling company JDC has won a drilling contract with Mitsui Oil Exploration.JDC said that the contract was for the provision of a jack-up drilling rig 'HAKURYU-11.' According to JDC, which operates a fleet of five jack-ups…
Turkey expects gas suppliers to offer more competitive pricing and flexibility if they want to renew long-term contracts totaling 16 billion cubic meters a year, a senior energy ministry official said.More than a quarter of Turkey's long-term gas contracts expire next year…
Gulf of Mexico operator Talos Energy has clarified that its business will in no way be affected by President Trump's executive order extending moratorium on oil and gas operations in certain areas of the Gulf of Mexico and the Atlantic.The U…
Turkey could save up to a whopping $21 billion in gas import costs with the development of it recently hit Tuna-1 gas discovery in the Black Sea, Norwegian energy intelligence firm Rystad Energy has estimated.As previously reported, Turkish…
Oil and gas company Kosmos Energy said Wednesday it had agreed to sell some of its frontier exploration asset interests to Shell for up to $200 millionShell will acquire Kosmos’ interest in blocks offshore São Tomé & Príncipe, Suriname, Namibia…
Norwegian energy company Equinor has signed a three-well contract with offshore drilling contractor Noble Corp. for the use of the Noble Lloyd Noble jack-up drilling rig at the Valemon field, in the North Sea, offshore Norway. The drilling is slated to begin in the summer of 2021…
U.S. President Donald Trump on Tuesday signed an order to extend a ban until 2032 on offshore oil drilling in the eastern Gulf of Mexico off Florida as he seeks to win support in the state ahead of the Nov. 3 election.The executive order, which…
U.S. oil company ExxonMobil has made an oil discovery at the Redtail-1 well, offshore Guyana. The news of the discovery was shared Tuesday by both Exxon, and Hess, Exxon's partner in the prolific Stabroek Block, This is the U.S. oil major's…
Oil and gas firm Neptune Energy has started drilling on the Bue well in the Fenja field in the Norwegian Sea.The well, drilled by Seadrill's West Phoenix semi-submersible drilling rig will act as a pilot for the location of the Fenja field's…