Search results for: offshore drilling

117580 results

A list of search results

  • 1 April 2019
    Exploration & Production

    Saipem is reportedly in talks to divest its drilling businesses, both onshore and offshore, according to a report by Bloomberg published on Friday.

  • 8 February 2016
    Exploration & Production

    Diamond Offshore Drilling, a deepwater drilling contractor, on Monday posted a net loss of $245 million for the fourth quarter 2015, compared to net income of $99 million in the fourth quarter of 2014.  Results for the quarter included a non-cash charge of $499 million associated with the impairment of nine drilling units, which resulted in an after-tax […]

  • 20 April 2012
    Business & Finance

    Northern Offshore, Ltd. today announced that both the semisubmersible Energy Driller and drillship Energy Searcher have commenced operations. The Energy Searcher went on dayrate under the contract with the Joint Operating Company Vietgazprom, a joint venture between Petrovietnam and Gazprom, (“VGP”) for their drilling program offshore Vietnam on April 6, 2012. The duration is for […]

  • 21 February 2013
    Equipment, Operations & Maintenance

    Offshore drilling refers to a mechanical process where a wellbore is drilled through the seabed. It is typically carried out in order to explore for and subsequently extract petroleum which lies in rock formations beneath the seabed. Most commonly, the term is used to describe drilling activities on the continental shelf, though the term can […]

  • 10 July 2006

    Along North Carolina’s coastline, a new tone is creeping into conversations about offshore drilling. Where once there was nearly universal opposition to platforms in the ocean, some speak of them in a new way — as a possibility, an inevitability, even a financial benefit to a region long fearful of the damage drilling could do […]

  • 25 June 2010

    Offshore drilling typically refers to the discovery and development of oil and gas resources which lie underwater. Most commonly, the term is used to describe oil extraction off the coasts of continents, though the term can also apply to drilling in lakes and inland seas. Offshore drilling presents environmental challenges, especially in the Arctic or […]

  • 1 September 2010

    The Public is advised that The Ministry of The Environment has suspended consideration of all applications for oil exploration and drilling in the waters of The Bahamas. The Ministry seeks, by this decision, to maintain and safeguard an unpolluted marine environment for The Bahamas, notwithstanding the potential financial benefits of oil explorations.

  • 30 October 2007

    Oil and Gas Development Corporation (OGDC), a UK based oil company has signed a Memorandum of Understanding (MOU) with PSC Tema Shipyard Limited to provide various services on mobile offshore drilling units. The partnership would help promote the energy business in the country as a result of the increased oil and gas activity along the […]

  • 20 June 2008

    President George W Bush has called on Congress to end a 27-year ban on drilling for oil in US coastal waters, to reduce dependence on imports. Mr Bush said existing restrictions on offshore drilling were “outdated and counter-productive”. His move comes as US consumers are calling for action to tackle high oil prices that have […]

  • 17 January 2006

    A state report recommends that Virginia allow offshore exploration for natural gas and oil deposits but take environmental precautions before taking action.

  • 2 May 2016
    Exploration & Production

    Offshore drilling contractor Diamond Offshore Drilling returned to profit in the first quarter of 2016, compared to a loss a year earlier. The company’s revenues on the other hand dropped in the first quarter of 2016.  The drilling contractor posted a net income of $87 million in the first quarter of 2016, compared to a […]

  • 1 May 2017

    U.S. President Donald J. Trump signed an executive order on offshore energy development on Friday which is looking to open more areas for offshore oil and gas exploration to secure American energy independence. The order aims to expand offshore oil and gas exploration and production in the Outer Continental Shelf (OCS) through a review of […]

  • 27 August 2015
    Business & Finance

    Offshore drilling company Seadrill has delayed deliveries of two drillships currently under construction for two years amid volatile market conditions that pushed the company’s profit by 37% in the second quarter of 2015. The drillships in question are the West Draco and West Dorado whose deliveries have been pushed back from the third and fourth […]

  • 27 August 2015
    Business & Finance

    Offshore drilling company Seadrill has delayed deliveries of two drillships currently under construction for two years amid volatile market conditions that pushed the company’s profit by 37% in the second quarter of 2015. The drillships in question are the West Draco and West Dorado whose deliveries have been pushed back from the third and fourth […]

  • 3 December 2015

    The government of Belize, a nation on the eastern coast of Central America, will ban offshore exploration drilling in all seven areas that make up the Belize Barrier Reef Reserve System World Heritage area. According to UNESCO, the decision will effectively exclude the entire World Heritage area from any future oil exploration and make the […]

  • 25 May 2018
    Exploration & Production

    Norwegian offshore drilling specialist Odfjell Drilling sees a better future for the offshore drilling space

  • 10 May 2006

    The Cuban government is seeking to sign a contract with three oil companies in Norway, Spain and India to drill for oil in the Gulf of Mexico. The deal will be between Norway’s Norsk Hydro, Spain’s Respol YPF and India’s ONGC Videsh, Ltd., NRK Web site reported. Drilling is unlikely to begin before 2008 because […]

  • 17 August 2018
    Exploration & Production

    Danish maritime giant Maersk has decided to “demerge” its drilling business Maersk Drilling via a separate listing of Maersk Drilling on Nasdaq Copenhagen in 2019.

  • 25 September 2014
    Business & Finance, Project & Tenders

    The Saipem 10000 drillship has this week reached Cypriot waters, where it will begin drilling operations on behalf of Eni/KOGAS joint venture. According to Cyprus’ media, the country’s energy minister Yiorgos Lakkotrypis will today arrive aboard the drillship, and will stay there until the drill bit reaches the seabed, marking the start of the drilling operations. […]

  • 31 July 2006

    With war raging in an oil-rich part of the world, interest in tapping domestic sources is becoming more acute. And as the Senate gets ready this week to head off on its August break, that interest centers on the waters off the U.S. coast. At stake is a moratorium

  • 20 June 2006

    WASHINGTON – Members of a key House panel have hammered out a deal aimed at opening up more offshore areas to oil and natural gas drilling. Such a step would represent a huge victory for offshore operators, who have long eyed areas of the Outer Continental Shelf off limits to drilling. But the bill also […]