Valaris, the world's largest offshore drilling contractor by fleet size, filed for bankruptcy on Wednesday, in a move to restructure its debt load and reduce debt by more than $6.5 billion.The company has been hit by the combined effects of the global COVID-19 pandemic…
Offshore drilling contractor COSL has signed a drilling rig contract with oil company Chrysaor, following a letter of intent signed more than a month ago.The contract is for the COSLInnovator semi-submersible drilling rig to be used for drilling of two wells in Norway next year…
Russia's largest oil producer Rosneft has started drilling on two wells in the Kara Sea in the Russian Arctic, its Chief Executive Igor Sechin said on Tuesday.It is the company's first project in the Kara Sea since it was forced to suspend a joint venture project in the area with U…
Qatar's state-owned oil and gas company Qatar Petroleum has entered into a farm-in agreement for an acquisition of a stake in an offshore block in Angola.Qatar has reached the deal with Angola's Sonangol, and France's Total to acquire a 30% participating interest in Block 48…
Norwegian energy company Equinor has awarded Odfjell Drilling's Deepsea Atlantic semi-submersible drilling rig more work in Norway.Odfjell Drilling said Tuesday that Equinor had elected to use the rig for three offshore wells.'The wells have…
BPH Energy Limited (ASX: BPH) has continued its extensive work at its exploration well at the Baleen drill target in the PEP11 offshore permit in NSW. Today, the company provided a report on the geochemical support for the planned exploration well within PEP11…
France's Total has restarted oil drilling in Angola and new exploration ships will also soon resume work, the company's country chair Olivier Jouny told trade publication Africa Oil & Power on Monday.All drilling activity ground to a halt in…
Cyprus on Monday criticized European Union partners over what it said was diffidence amounting to 'a policy of appeasement' in dealing with Turkey, locked in a stand-off with Cyprus and Greece over energy exploration in the eastern Mediterranean…
Australian oil company Beach Energy has signed a new contract with drilling company Diamond Offshore for the use of the Ocean Onyx semi-submersible drilling rig.The news comes after Beach in April terminated the previously signed contract for the rig…
North Oil Company, a JV between Qatar Petroleum and Total, has awarded contract extensions for two jack-up rigs owned by Japan Drilling Company.JDC said Monday that the extensions - one year for each rig - have been secured for jack-up drilling…
Oil and gas company Tullow Oil has extended the contract with Maersk Drilling for the use of the Maersk Venturer drillship in Angola, following the contract termination for the same rig announced in March.Namely, Maersk Drilling in March said…
Singapore-based KrisEnergy has signed a letter of award with Vietnam's PV Drilling for PVD III jack-up drilling rig. The 2009-built rig will be used to drill five development wells at KrisEnergy's Apsara Mini-Phase 1A development offshore Cambodia…
Norwegian energy company Equinor has been given consent to use the Deepsea Atlantic offshore drilling rig on the Gullfaks field in the North Sea, offshore Norway.Equinor will use Odfjell Drilling's semi-submersible drilling rig for production…
French oil major Total is expected to start drilling at its Luiperd well, offshore South Africa by the end of August, Africa Energy, Total's partner in the block said Friday.After delays due to COVID-19, Odfjell Drilling's Deepsea Stavanger…
Bahamas Petroleum Company (BPC) has been given more time to begin drilling at its offshore block in The Bahamas.In an update on Thursday, BPC said that it had received formal notification from the Government of The Bahamas that on an interim basis…
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