ADNOC Drilling posted a rise of almost 50% in third-quarter profit on Wednesday, driven by new rigs and reactivation of others this year, in addition to an increase in oilfield services.The unit of Abu Dhabi National Oil Company, which went public last month…
Denmark's Maersk Drilling and U.S. rival Noble Corp will merge in a $3.4 billion deal to form one of the world's largest offshore oil drilling rig companies, they said on Wednesday.The combined company is expected to reap annual cost savings…
Japanese offshore drilling firm Japan Drilling Company has said that one of its jack-up drilling rigs has started a drilling operation in Vietnam.The rig, HAKURYU-11 rig has kicked off the drilling operation based on a subcontract with PetroVietnam Drilling & Well Services Corporation…
Norwegian oil and gas company Aker BP has made a minor oil discovery at the well 24/12-7 - known as Lyderhorn East prospect - in the Norwegian section of the North Sea.The Lyderhorn East well was drilled about 17 kilometers southwest of the Bøyla field in the North Sea…
German oil and gas firm Wintershall Dea has started drilling production wells at its Nova field in the Norwegian North Sea.Using Saipem's Scarabeo 8 semi-submersible rig, Wintershall Dea will drill three production wells and three water injection wells through two subsea templates…
Oil major Shell is set to move the Valaris 122 jack-up drilling rig in the North Sea from the Shearwater field to the Jaws well site in preparation for drilling activities.This is according to Kingfisher Bulletin, a website that provides the…
Velesto Drilling, a Malaysia-based offshore drilling company, has ordered two Chela cranes from NOV's Gusto MSC, to be installed on a jack-up drilling rig.NOV said that the deal marked the first two orders for the 'new and cost-competitive version' of the Crane - the Chela Twins…
Offshore drilling company Noble Corporation has completed the sale of four jack-up drilling rigs in Saudi Arabia to drilling firm ADES.The companies first announced the sale and purchase deal for the rigs Noble Roger Lewis, Noble Scott Marks…
Empyrean Energy has engaged CNOOC EnerTech to manage critical pre-drilling permitting and logistical requirements related to Empyrean's planned drilling operations at the Jade well in Block 29/11, offshore China.CNOOC EnerTech is a subsidiary…
Guyana plans to auction new blocks for offshore oil exploration by the third quarter of 2022, Vice President Bharrat Jagdeo said late on Monday.A consortium led by Exxon Mobil is responsible for all output in Guyana, Latin America's new oil frontier…
Offshore drilling company Transocean on Tuesday posted a third-quarter loss, but the CEO Jeremy Tighpen praised fleet performance, improving market conditions, and rising dayrates.Swiss-based drilling contractor posted a third-quarter net loss of $130 million…
Sapote-1, ExxonMobil's third well in the Canje Block offshore Guyana, has, after the first two wells, Bulletwood-1 and Jabillo-1, failed to unearth evidence of commercial hydrocarbon volumes, too.Westmount Energy, an indirect partner in the Canje Block through its stake in JHI Associates…
Offshore drilling rig reactivations have begun as utilization and dayrates continue their rapid recovery, Esgian's Teresa Wilkie writes.We expected it to happen just not necessarily this soon. But now it’s official, several cold-stacked rigs…
Norwegian oil and gas company Aker BP has made a minor oil discovery at the Mugnetind exploration well in the North Sea, offshore Norway.According to Longboat Energy, Aker BP's partner in the offshore license PL906 where the well is located…
CNOOC Ltd's unaudited third-quarter revenue grew 64% to 59.7 billion yuan ($9.33 billion) on higher prices and output, the Chinese offshore oil and gas major said on Thursday.The state oil firm said it is mapping out an emissions-cutting roadmap…