Offshore drilling firm Aquadrill - ex-Seadrill Partners - has secured a contract for its Capella drillship in Indonesia.The MPD outfitted 6th generation drillship, managed by Vantage Holdings International, will drill two wells, with an option for two more…
Offshore drilling firm Transocean has committed to reducing operating Scope 1 and Scope 2 greenhouse gas emissions intensity by 40% from 2019 levels by 2030.“Globally, almost one billion people lack access to electricity, and all of us desire…
Offshore drilling company Valaris said Tuesday its ultra-deepwater drillship VALARIS DS-12 had become the first vessel in the world to receive the ABS Enhanced Electrical System Notation EHS-E.Valaris upgraded the drillship's electrical system to secure the notation…
UK-based oil and gas company IOG said Monday there had been an issue with one of the legs on the Noble Hans Deul jack-up drilling rig which recently moved to drill a well at its Southwark offshore field in the Southern North Sea.'Over recent…
Offshore drilling company Seadrill said all voting classes of stakeholders accepted its reorganization plan, including all 12 credit facilities and general unsecured creditors and shareholders, labeling the result as an important step to Chapter 11 emergence…
The UK-focused oil company Tailwind has completed the drilling of the Evelyn field development well, at the Triton Cluster on the UK North Sea.In February this year, Tailwind sanctioned the Evelyn field project in the North sea, following approval by the UK oil and gas regulator OGA…
Norwegian oil and gas company Vår Energi has made a smaller than expected discovery at the Rødhette exploration well in the North Sea, off Norway.Vår Energi's partner Longboat said Monday that the well formally named 7122/6-3 S had encountered…
U.S. energy firms this week added oil and natural gas rigs for a fifth week in a row as oil prices soared to their highest since 2014 prompting some drillers to return to the wellpad.The combined oil and gas rig count, an early indicator of future output…
Brazil failed to sell off exploration and production rights in the most promising offshore oil blocks up for sale on Thursday, as its first oil auction since the start of the COVID-19 pandemic brought just 37.1 million reais ($6.7 million) into state coffers…
Swedish oil company Lundin Energy has failed to find hydrocarbons at its Merckx prospect in the North Sea, offshore Norway.The Norwegian Petroleum Directorate said Friday that Lundin, as the operator of production licence 981 where the well is located…
Classification society ABS said it has been selected to class a former drillship that is being converted to a subsea mining vessel.The industry-first project will see Allseas’ 228-meter Vitoria 10000, now renamed Hidden Gem, equipped with a…
U.S. oil major ExxonMobil has made yet another oil discovery in its prolific Stabroek Block, offshore Guyana, and has now increased its estimate of the discovered recoverable resource for the block to approximately 10 billion oil-equivalent barrels…
Brazil is set to sell off exploration and production rights in dozens of offshore oil producing blocks on Thursday, in an auction that is small by local standards but will offer opportunities for majors to snap up potentially prolific assets…
Soaring oil prices could signal the start of an amplified offshore rig market upcycle and this time it might stick around for a while, Esgian's Teresa Wilkie writes.Last week Brent crude touched $80 per barrel for the first time in three years…
Offshore drilling firm COSL has won a four-well contract with Equinor in Norway to drill wells on Statfjord Øst field using the COSLPromoter drilling rig.The drilling will take place from the spring of 2023, and Equinor will have options to…
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