Owners of floating offshore oil drilling rigs on Wednesday began a final round of wage talks with three Norwegian labor unions in a bid to prevent the outbreak of strike action that could disrupt exploration, but not production, negotiators said…
French oil major TotalEnergies has been named the upstream industry's most admired explorer and has received the Discovery of the Year award in Wood Mackenzie's annual Exploration Survey. This is TotalEnergies' third time winning the most-admired explorer award…
Italian offshore services firm Saipem has won two offshore drilling contracts, one in the Middle East and one in the Mediterranean Sea, worth about $550 million in total.In the Middle East, Saipem said it had ensured the continuity of the ongoing…
ADNOC Drilling on Friday confirmed the award of five 10-year contracts, totaling approximately $2 billion for jack-up rigs in support of ADNOC Offshore’s growing drilling operations. 'The contractual conditions, particularly the duration, were…
More Norwegian oil and gas drilling rig workers warned last Friday of potential strike action [this] week as unions and employers prepared to negotiate over wages, although any labor conflict was still unlikely to affect oil and gas output. The…
Offshore drilling firm Seadrill said Monday it was in active discussions to sell jack-up rigs West Castor, West Telesto, and West Tucana.The three jack-ups which are bareboat chartered by Seadrill to Gulfdrill, a 50:50 joint venture between Seadrill and Gulf Drilling International…
KCA Deutag announced it has been awarded new contracts and extensions with a total value of over $70 million, with existing clients for the provision of drilling and maintenance services in the U.K. North Sea.The awards, each ranging from two…
Offshore drilling contractor Borr Drilling announced it has secured a contract extension for its jack-up drilling rig Mist from Valeura Energy in Thailand.The contract extension covers a firm term of 9 months starting in direct continuation…
Oslo-based offshore drilling contractor Dolphin Drilling announced Thursday it had reached a deal to acquire two semi-submersible drilling rigs, the Paul B. Loyd Jr. and the Transocean Leader from Transocean for a total of $61.5 million (plus an additional $3 million)…
TGT Diagnostics has launched its latest acoustic platform, ChorusX, a new diagnostic resource specifically designed to locate and characterise flow in oil and gas wells.The acoustic array platform enables energy companies to find and map fluid…
Offshore drilling contractor Transocean said its new eighth-generation drillship Deepwater Titan has started its inaugural contract with supermajor Chevron in the U.S. Gulf of Mexico.Built by Singapore's Sembcorp Marine and delivered to Transocean subsidiary Triton Titan GmBH in December 2022…
After a slowdown in activity during 2020/2021 due to soft commodity prices, demand for FPSOs is picking up.With exploration hotspots like Namibia’s Orange Basin and the East Mediterranean delivering new finds, the FPSO market outlook is healthy…
It’s hard to believe that once upon a time the Middle Eastern jackup segment comprised of less than 60 units when today marketed supply sits just shy of three times that amount (180 unitsIt’s hard to believe that once upon a time the Middle…
Oil and gas company BW Energy said Thursday that production had started from second well of the Hibiscus / Ruche Phase 1 development in the Dussafu licence offshore Gabon. 'Production performance from the well has been in line with expectations and is currently stabilized at approximately 6…
India’s Oil and Natural Gas Corporation (ONGC) has recently moved 36 offshore drilling rigs to new locations in advance of the monsoon season, with assistance from ABL.'ABL have assisted as tow master and marine warranty service (MWS) provider on the rig moves…