A U.S. ban on new offshore drilling in the Gulf of Mexico, which presidential hopeful Joe Biden promised to enact if elected, would lead to hundreds of thousands of job losses and billions in lost government revenue over 20 years, an offshore drilling industry group said on Tuesday…
Bahamas Petroleum Company (BPC) has signed an offshore drilling rig contract with Stena Drilling. BPC will use the drilling rig to drill its Perseverance #1 prospect offshore The Bahamas.As previously reported, Bahamas has postponed the Perseverance…
Qatar Petroleum's Saad Sherida Al-Kaabi in a webinar last week said the country was pressing ahead with the giant offshore North Field expansion despite the dire situation in the energy market where he feels it'll take 1-2 years for demand to…
Oil company ConocoPhillips has been given permission to use the Rowan Norway jack-up unit at its Ekofisk field in the Norwegian sector of the North Sea.The consent was granted by the Petroleum Safety Authority Norway and relates to the plugging…
Royal Dutch Shell has begun drilling the Saturn block in the Santos pre-salt basin, the company's Brazil chief said on Thursday, adding that Brazil faces hurdles to remain attractive in a low-price environment.Brazil's No. 2 oil producer after state-run Petroleo Brasileiro…
Jack-up drilling company Borr Drilling has started talks with creditors and shipyards to defer certain payments and is looking to sell some modern drilling rigs to boost its liquidity. The company has said it has executed a company-wide cost…
National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says energy intelligence group Wood Mackenzie.Woodmac said Wednesday its analysis was based on announcements and tracking well plans of 11 top spending NOC explorers…
The coronavirus pandemic has done in a handful of months what even a 27-year civil war did not: it has brought oil drilling to a halt in Angola, Africa's second-largest oil producer.The consequences could be grave for a poor country that relies…
Confidence had returned to global exploration with improved performance and the emergence of several new multi-billion barrel plays. The confidence carried over into 2020 but has evaporated in the face of the Covid-19 crisis and the collapse in oil prices…
HitecVision's NEO Energy company has renegotiated the terms of the acquisition of Total's UK North Sea assets, first announced in July 2019.The original agreement stipulated that Petrogas NEO, a joint venture between Petrogas, the exploration…
French oil major Total has agreed with Odfjell Drilling to keep the Deepsea Stavanger offshore drilling rig idle for a while due to the COVID-19 situation.Odfjell Drilling's semi-submersible drilling unit has a contract with Total to drill this year in South Africa…
Marine coatings specialist Jotun is taking part in the preparation of Odfjell Drilling's Deepsea Stavanger drilling rig for operations in the challenging environment offshore South Africa.Jotun said Monday it was working with Odfjell Drilling…
Norway's oil and gas company Equinor has completed the drilling of the exploration well 35/10-6 in the North Sea, offshore Norway. According to the Norwegian Petroleum Directorate, the well is dry.Equinor drilled the well around 20 kilometers…
Oilfield services companies have collectively lost almost half of their market capitalization, hit by the combination of the coronavirus pandemic and low oil prices, with offshore drillers, in particular, the most affected, Norway's Rystad Energy has said in its analysis released on Friday…
Oil and gas company Wintershall Dea has obtained consent by the Norwegian offshore safety regulator PSA Norway to use the West Mira offshore rig for drilling at the Vega field in the North Sea.Wintershall Dea will be using the West Mira an ultra…