Norwegian oil and gas company Equinor has terminated a $428 million drilling contract with drilling firm Valaris for the Valaris DS-11 drillship.The drillship, stacked in Las Palmas, Spain, was supposed to start the contract in July 2024 and stay on the contract until December 2027…
Offshore drilling contractor Aquadrill has secured work for two of its drilling units, the Polaris drillship and the T-15 tender assisted drilling barge.Aquadrill and Vantage Drilling, as a manager of Aquadrill's drilling rigs, have reached…
Norwegian oil and gas company Aker BP has made a minor oil and gas discovery at the Overly prospect in the North Sea, offshore Norway.The wildcat well, formally known as well 2/8-19, was drilled about 10 kilometers north of the Valhall field…
Italian energy services group Saipem has agreed to sell its onshore drilling business to Britain's KCA Deutag (KCAD) for $550 million, as it strives to bolster its finances after a profit warning and focuses on offshore drilling.Asset sales…
Vantage Drilling has completed the sale of three jack-up drilling rigs to ADES, through the sale if its subsidiary Emerald Driller Company (“EDC”).ADES acquired EDC for $170,000,000 in cash, together with an additional $34 million in cash in…
Suriname's state oil company Staatsolie plans to hold an auction for deepwater offshore blocks at the end of 2022 and another for shallow water blocks in mid-2023, the company's managing director told Reuters.The South American nation is a small…
U.S. oil company ConocoPhillips has reduced the estimate of the size of its Slagulge oil and gas discovery in the Norwegian Sea, after a nearby appraisal well came up dry.To remind, ConocoPhillips in December 2020 said it had made a „significant“…
Chinese oil and gas company CNOOC International has signed a contract to use Enhanced Drilling’s RMR Riserless Mud Recovery system for two of the wells on the Golden Eagle Development project in the UK North Sea. The contract includes the provision…
Israel is renewing offshore natural gas exploration and hopes to reach an agreement soon for exporting gas to Europe, Israel's energy minister said on Monday.Energy Minister Karine Elharrar had said exploration for new gas fields would be put…
UAE-based drilling contractor ADNOC Drilling said Monday it had signed a sale and purchase agreement to acquire two premium offshore jack-up drilling rigs.The two new drilling rigs, being acquired from Well Target Five Limited and Well Target Six Limited…
Oil and gas company i3 Energy has entered into a contract with Petrofac Facilities Management Limited (Petrofac) under which Petrofac will provide well engineering, operations management, and operator services for the drilling of the Serenity appraisal well on its UK North Sea Licence P…
Australian oil and gas company Western Gas has started drilling the Sasanof-1 exploration well offshore W. Australia, using Valaris' MS-1 semi-submersible offshore drilling rig.Western Gas said Friday that the well had been spudded with the jetting of the 36” conductor at a water depth 1068…
Rental rates for offshore oil and gas rigs have rocketed higher, boosted by a race to lift production because of the war in Ukraine and a recovery in demand after the COVID-19 pandemic.Drilling companies are in a stronger position to demand…
Offshore drilling contractor Valaris on Thursday announced the appointment of three new members to its executive management committee.Chris Weber will join Valaris as senior vice president and chief financial officer, Matt Lyne will join as senior vice president and chief commercial officer…
Turkey's national oil and gas company TPAO has taken delivery of its new, seventh generation drillship, the Cobalt Explorer, acquired from the South Korean shipbuilder Daewoo Shipbuilding Marine and Engineering.The acquisition of the Cobalt Explorer has expanded TPAO's drillship fleet to four units…
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