U.S. crude oil and gasoline inventories last week rose more than forecast, while distillate stockpiles posted a larger-than-expected draw, the Energy Information Administration said on Wednesday.Crude inventories rose by 545,000 barrels to 430…
Offshore drilling contractor Shelf Drilling has received a notice of suspension for its High Island IV jack-up rig from Saudi Aramco.The suspension is for up to one year, according to Shelf Drilling, which added it has the right to market the rig during the suspension…
The Norwegian Offshore Directorate said that Norway's oil and gas production in October exceeded the official forecast by 5 percent.Norway is Europe's biggest supplier of natural gases and oil. However, output can vary from month to months depending…
UK-based oil firm EnQuest has terminated rig contract with Dolphin Drilling for its Borgland Dolphin semi-submersible drilling rig as the joint venture partners in the Kraken field fail to reach agreement on the asset’s 2025 drilling program…
Malaysia-based Velesto Energy has signed a memorandum of understanding (MoU) with Petronas and National Oilwell Varco (NOV) to implement rig mechanized automation processes and integrate robotics into drilling operations.The MoU aims to establish…
Offshore drilling contractor Borr Drilling has received a notice of temporary suspension for its jack-up rig Arabia II, currently under contract with Saudi Aramco.The temporary suspension will be for a period of up to 12 months, Borr Drilling said…
On the back of improving conditions in the offshore rig market, Singaporean asset manager and operator Keppel has set out to secure control over 13 legacy rigs held by Rigco Holding (Asset C) as part of its plan to accelerate monetization of rigs without re-entering the offshore market…
Equinor has awarded a two-year firm contract to Northern Ocean Wind to employ the mobile rig Deepsea Bollsta, operated by Odfjell Drilling, on the Norwegian continental shelf.The contract value for the firm period is calculated at around $335 million…
Equinor has made an oil and gas discovery in the North Sea, off Norway, estimated at between 13 and 28 million barrels of oil equivalent.An exploration well with sidetrack has been drilled about 10 kilometers north of the Troll field in the North Sea…
Global energy technology company SLB has launched Stream high-speed intelligent telemetry, which is said to increase drilling confidence and performance for complex wells.Designed to overcome the bottlenecks and limitations of conventional mud pulse telemetry…
Dolphin Drilling’s Blackford Dolphin deepwater semi-submersible rig has started its long-term exploration drilling contract with Oil India, offshore India.The rig arrived in Indian waters in October and has since completed customs clearance and client acceptance…
The Norwegian Offshore Directorate has granted Orlen Upstream Norway a drilling permit for an exploration well in the Norwegian Sea.The permit is for wellbore 6305/10-1 in production license 1055, operated by Orlen Upstream Norway with 60% working interest…
Oil prices fell more than 2% on Friday as traders grew less fearful of prolonged supply disruptions from a hurricane in the U.S. Gulf of Mexico, while China's latest economic-stimulus packages failed to impress some oil traders.U.S. West Texas Intermediate futures CLc1 led the decline…
U.S. energy firms this week kept the number of oil and natural gas rigs operating unchanged for a record third week in a row, according to energy services firm Baker Hughes' data going back to 1987.The oil and gas rig count, an early indicator of future output…
Former President Donald Trump's return to the White House could mean tougher enforcement of U.S. oil sanctions against Iran, potentially trimming global supplies, but his administration could struggle to get China, Iran's top crude customer…