Offshore drilling company Diamond Offshore said Wednesday it had recently secured $610 million worth of offshore drilling contracts, with the company CEO confident of sustainable long-term demand for offshore drilling services 'for years to come…
Turkey resumed its hydrocarbon drilling operations in the eastern Mediterranean on Tuesday after a two-year hiatus, though President Tayyip Erdogan said its new drillship would operate outside waters also claimed by Cyprus.The Abdulhamid Han…
Norwegian oil and gas company Equinor has this week received two consents from the offshore safety body Petroleum Safety Authority Norway to carry out works on two projects in the Norwegian Sea using the Transocean Encourage and Deepwater Stavanger offshore drilling rigs…
Turkey sent its new hydrocarbons drilling ship to the Mediterranean Sea on Tuesday but President Tayyip Erdogan said it would operate 55 kilometres (34.18 miles) off Turkey's coast, in an area outside waters also claimed by Cyprus.Speaking at the launch ceremony in the southern province of Mersin…
Oil and gas company BW Energy has signed an up to $300 million international Reserve Based Lending (RBL) facility, to finance further development work in a block offshore Gabon.The facility has an initial commitment of $200 million which can be expanded up to an additional $100 million…
Abu Dhabi National Oil Company (ADNOC) and its international partners have awarded two contracts totaling more than $3.4 billion (AED12.6 billion) to ADNOC Drilling to hire eight jack-up offshore rigs. 'The contracts, valued at $1.5 billion (AED 5…
Tullow Oil said on Friday it would abandon drilling operations at Beebei-Potaro exploration well in offshore Guyana after results showed the well bore water.The group, which holds 37.5% of the Kanuku block where the well lies, said it would…
Offshore drilling contractor Borr Drilling on Thursday announced it has received a binding letter of intent (LOI) for one of its jack-up drilling rigs from an undisclosed operator in West Africa.Under the deal, Borr's Prospector 5 will drill…
38 high-impact exploration wells were drilled in the first half of 2022, similar to the same period in 2021 when 39 wells completed, says industry analysts Westwood Global Energy Group. The 38 wells resulted in 13 potentially commercial discoveries at a 34% commercial success rate…
Norway's Equinor has been granted a permit by the Norwegian Petroleum Directorate (NPD) to drill well 6507/8-11 S in the Norwegian Sea.The well, about 160 km offshore, about 10 km north of Heidrun, will be drilled using the Deepsea Stavanger semisubmersible drilling rig…
Offshore drilling contractor Valaris on Wednesday announced that Chris Weber has commenced his role as senior vice president and chief financial officer, having been appointed to the role in late May.Weber previously served as CFO of LUFKIN Industries…
Offshore drilling contractor Transocean on Monday reported it has secured contracts for two of its ultra-deepwater drillships.The company said its Deepwater Conqueror has been awarded a two-year contract by a major operator for work in the U…
U.S. President Joe Biden vowed during his 2020 election campaign to end federal oil and gas drilling as a major step in his strategy to fight climate change.The U.S. Senate Democrats' $430 billion spending bill agreed this week could kill that pledge…
Austrian oil and gas company OMV has commenced drilling operations on the Oswig exploration well in the Norwegian sector of the North Sea.The drilling of the Oswig well 30/5-4 S, operated by OMV (Norge) AS, is being undertaken by the Maersk…
China's CNOOC Ltd has tapped commercial flows of oil and gas from a shale exploration well in the South China Sea, marking the first successfully drilled shale oil well offshore China, state media reported on Thursday.Exploration well Weiye-1…