INEOS E&P has completed the acquisition of Hess' subsidiary Hess Denmark for $150 million. Hess will use the proceeds to fund its projects in Guyana.With the acquisition, first announced in March, INEOS has become the owner of 61.5% of the Hess-operated Syd Arne oil field…
Offshore drilling company Noble Corporation said Sunday that all workers aboard three of its drillships in the U.S. Gulf of Mexico were safe and accounted for following Hurricane Ida, with one of the three rigs experiencing hurricane-force conditions…
CGX Resources has exercised an option to drill one more exploration well offshore Guyana using Maersk Drilling's Maersk Discoverer drilling rig, the Danish drilling firm has confirmed.CGX, which started drilling a week ago at its first well…
The UK Government has approved Spirit Energy's decommissioning program for the Ensign platform in the Southern North Sea.The normally unmanned platform, comprising a steel jacket and topsides, is located at Ensign field, approximately 109 km…
Offshore drilling firm Noble Corporation will sell four jack-up drilling rigs to drilling company ADES for $292 million. Noble Corp, which recently acquired Pacific Drilling, expects to generate around $285 million in cash from the ADES transaction net of fees…
UK-based oil and gas company Spirit Energy has said it has discovered more gas at its Grove field in the UK North Sea, close to the UK–Netherlands median line.The Grove North East development well (49/10a-G7) encountered carboniferous reservoir units at the target depth…
The Norwegian offshore oil and gas safety body Petroleum Safety Authority Norway has identified breaches of regulations aboard Dolphin Drilling's Borgland Dolphin drilling rig and has issued the rig owner with a notification of order.The PSA…
Deepwater drilling contractor Transocean has secured a $252 million firm contract at the Shenandoah field in the U.S. Gulf of Mexico for its newbuild ultra-deepwater drillship, the Deepwater Atlas, including a mobilization fee of $30 million…
Norwegian harsh environment offshore drilling company Odfjell Drilling swung to profit in the second quarter of the year, with a reported net profit of $27 million, compared to a loss of $6 million in 2Q 2020.Odfjell Drilling's operating revenue grew to $233 million…
Digitalization and remote monitoring have in the past years been hailed as the next big thing in the offshore oil and gas industry. However, these advancements have made offshore drilling rigs more vulnerable to cyber-attacks, potentially resulting in serious process safety incidents…
Oil and gas firm BW Energy has made an oil find in the Hibiscus North exploration well (DHBNM-1) in the Dussafu Block, offshore Gabon, but the size estimate will have to wait until the drilling has been completed.The well is located approximately…
Canadian-based firm Frontera Energy and CGX Energy have started drilling at the Kawa-1 exploration well, offshore Guyana, using Maersk Drilling's Maersk Discoverer semi-submersible drilling rig. Also, the firms have exercised the option to drill a second well with the rig…
ExxonMobil is taking more time to nominate the prospect target for the second exploration well on the Kaieteur Block, offshore Guyana, its partners in the project said.Westmount Energy, an indirect partner in the block on Monday cited Ration Petroleum…
Offshore drilling rig contractors Transocean Ltd and Dolphin Drilling have made a new offer to buy the assets of stricken rival Seadrill Ltd, Dolphin's chief executive said on Friday.Oslo-listed Seadrill, founded by Norwegian-born tycoon John Fredriksen…
Baron Oil has increased its interest in a UK North Sea offshore block containing the Dunrobin prospect, dubbed one of the few remaining sizeable undrilled UK North Sea targets.Baron Oil said this week that Corallian and Upland, its partners…
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