ADES, a Middle East-focused offshore drilling company, is continuing with its April offshore rig shopping spree.After agreeing to buy four jack-up drilling rigs from Aban Offshore, and one from Maersk Drilling earlier this month, ADES has now…
Shell's and TotalEnergies' Graff and Venus deepwater discoveries off Namibia have put southern Africa under the exploration spotlight. With deepwater offering high productivity reserves, it's a spotlight that's likely to linger for a few years yet…
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…
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…
Australian oil and gas company Western Gas, gearing up to start drilling at its promising Sasanof-1 prospect off W. Australia, has said that the mobilization of equipment to the Valaris MS-1 semisubmersible drilling rig has now started in preparation…
Valaris' MS-1 semi-submersible drilling rig, currently anchored in the Dampier outer harbor in Australia, is on schedule to start tow to the Western Gas' Sasanof-1 location on Monday, May 16, 2022, the oil and gas company said Thursday. 'Western…
Australian oil and gas company Western Gas, the owner of the high-impact Sasanof-1 prospect off W. Australia, expects the Valaris MS-1 offshore drilling rig to move to the well site in May.'Western Gas is pleased to advise that the Valaris MS…
Offshore drilling contractor Valaris on Tuesday announced a new group of contracts for its rigs to be utilized in the U.S. Gulf of Mexico, U.K. North Sea and off the coast of Australia.Valaris said it secured a one-well contract with Kosmos Energy in the U…
Offshore drilling contractor Valaris announced on Monday that it has been awarded new bareboat charter agreements with ARO Drilling for several jackups. ARO Drilling, a joint venture between Valaris and Saudi Aramco, has signed contracts with…
Offshore drilling company Valaris has appointed Anton Dibowitz as President and Chief Executive Officer.Dibowitz, a former Seadrill CEO, has been serving as interim President and Chief Executive Officer of Valaris since September 3, 2021, after the previous CEO Tom Burke stepped down…
Offshore drilling contractor Valaris said Tuesday it had secured two one-well contracts with subsidiaries of Murphy Oil Corporation for its semi-submersible drilling unit Valaris DPS-5.The first contract for the 2012-built offshore drilling rig is in the U…
Offshore drilling firm Valaris said Thursday its CEO Tom Burke would step down from his position as President and Chief Executive Officer and member of the Board of Directors, and that its CFO Jon Baksht would step down, too, both effective September 2…
French oil major TotalEnergies said Thursday it had made a significant discovery of light oil with associated gas on the Venus prospect, located in block 2913B in the Orange Basin, offshore southern Namibia.TotalEnergies said that its Venus…
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…
Following recent reports that Shell has made an oil discovery offshore Namibia, the confirmation came Friday from its partners QatarEnergy and NAMCOR.QatarEnergy, which used to be called Qatar Petroleum, has confirmed that oil was found in a deepwater exploration well drilled in the Orange Basin…
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