Offshore Drilling News - page 133

 

Pacific Drilling Set to Emerge from Bankruptcy as Court Approves Reorganization Plan

Dec 23, 2020

Offshore drilling contractor Pacific Drilling, which last month filed for Chapter 11 Bankruptcy, on Tuesday said that the United States Bankruptcy Court for the Southern District of Texas had confirmed its debt reorganization plan.The driller…

ConocoPhillips Makes 'Significant' Oil Discovery Offshore Norway

Dec 22, 2020

ConocoPhillips on Tuesday announced a 'significant' new oil discovery in the Norwegian Sea.The discovery was made in production license 891 on the Slagugle prospect located 14 miles north-northeast of the Heidrun Field in the Norwegian Sea.…

Eni, PTTEP Grab Hold of Giant Offshore Block in UAE

Dec 22, 2020

Italian oil and gas firm Eni and Thailand’s national oil company PTTEP have been awarded exploration concession for Offshore Block 3 in the United Arab Emirates, with the concession deal signed with ADNOC on Monday.Eni is the operator with a 70% stake in the Exploration Offshore Block 3…

Greenpeace Loses Norway Supreme Court Case over Arctic Offshore Drilling

Dec 22, 2020

Norway's supreme court upheld government plans for Arctic oil exploration on Tuesday, dismissing a lawsuit by campaigners who said they violated people's right to a healthy environment.While most of Norway's oil output flows from south of the Arctic…

Trident Energy Books Vantage Jack-Up for E. Guinea Drilling

Dec 21, 2020

Offshore drilling contractor Vantage Drilling has won a two-well contract for its Sapphire Driller jack-up rig.The rig will drill for Trident Energy in Equatorial Guinea, starting in the second quarter of 2021. While Vantage Drilling did not share the financial details of the deal…

Weir to Deliver 1,800 Sets of Wellheads and Trees for PTTEP in Gulf of Thailand

Dec 21, 2020

Oilfield equipment supplier Weir Oil & Gas has signed a five-year contract with Thailand's national oil company PTT Exploration and Production (PTTEP) to supply and install 1,800 sets of wellheads and trees in the Gulf of Thailand. The contract is valued at $70 million…

UK, Norway Offshore O&G Sectors to See Modest Rise in Investment in 2021

Dec 21, 2020

After a turbulent 2020 for the oil and gas industry, 2021 is expected to see a modest rise in investment in the UK and Norway offshore sectors, assuming a US$50 per barrel average oil price.Exploration activity could recover to 2019 levels and investment in new developments is set to increase…

The Bahamas: BPC Spuds Perseverance #1 Offshore Well

Dec 21, 2020

Bahamas Petroleum Company (BPC) has started drilling at its maiden offshore well in the Bahamas, despite the opposition by environmental groups and U.S. Congress members who recently called for a stop of the drilling project off the Caribbean country's coast…

Shelf Drilling Sells Jack-Up Rig to ADNOC for $77.6M

Dec 21, 2020

Oslo-listed offshore drilling company Shelf Drilling has agreed to sell a jack-up drilling rig to UAE-based ADNOC Drilling.Under the agreement, ADNOC Drilling, a drilling subsidiary of UAE's national oil company ADNOC, will buy Shelf Drilling's Shelf Drilling Journey jack-up drilling unit…

MHWirth to Deliver $80M Drilling Equipment Package for Chinese Drillship

Dec 21, 2020

Drilling solutions provider MHWirth has secured an order to deliver a drilling equipment package for a Chinese drillship.The company, part of Norway's Akastor, will deliver drilling equipment for China's Guangzhou Marine Geological Survey (GMGS)…

Odfjell Drilling Nets Four-year Term on Wintershall's Brage Platform

Dec 18, 2020

Offshore drilling services company Odfjell Drilling has won a four-year extension to its drilling services deal with oil company Wintershall Dea on the Brage platform in Norway.The two companies had signed a four-year firm deal in mid-December 2016…

Seadrill Names New COO, CTO

Dec 18, 2020

Offshore drilling company Seadrill has appointed Reid Warriner as Chief Operating Officer and Leif Neilson as Chief Technology Officer.The company, which announced the appointments on Thursday afternoon, said the management changes build upon…

Equinor Adds Two Wells to Deepsea Atlantic Rig Scope

Dec 18, 2020

Norwegian oil and gas firm Equinor has exercised its option to extend the contract for Odfjell Drilling's Deepsea Atlantic semi-submersible drilling rig.Odfjell Drilling said Friday that Equinor had exercised its right to add two new wells to the rig's contract…

First Results Are In: Maersk Drilling's Hybrid Jack-Up Cuts CO2 Emissions by 25%

Dec 17, 2020

Danish drilling contractor Maersk Drilling's Maersk Intrepid jack-up drilling unit, recently converted to a hybrid, low-emission rig, has in its first month of operation since the upgrade, seen its CO2 emissions drop by 25%, and NOx by 95%, according to the rig owner…

DNV GL Scores Work at BHP's Trion FPU

Dec 16, 2020

Australian oil and gas company BHP, working to develop the Trion field offshore Mexico, has hired DNV GL to verify that the new infrastructure built for the Trion project is compliant with local and global safety, as well as other requirements…

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