The toll of the Covid-19 on upstream investments in the first two years of the downturn is estimated at $285bn, Rystad Energy reports.
Dolphin Drilling has secured a Letter of Intent with Wellesley Petroleum for the drilling of an HPHT exploration well on the NCS.
Norwegian oil and gas giant Equinor has exercised one additional well for the Odfjell Drilling-owned Deepsea Atlantic rig.
Harbour Energy has drilled a dry exploration well on the Ilder prospect off Norway, ending a two-well campaign with disappointing results.
The Norwegian Petroleum Directorate (NPD) has granted MOL Norge a drilling permit for an appraisal well in the North Sea.
UK oil and gas company Serica Energy has extended the life of its flagship Bruce field in the North Sea through to 2030.
NEO Energy has revealed a set of ambitions to reduce its carbon emissions as part of the energy transition plans.
Just like its rival Transocean, Noble Corp. is optimistic about the outlook with a pipeline of tender opportunities on the horizon.
Offshore rig owner Seadrill Limited has revealed that a termination notice has been received for the West Mira rig from Wintershall Dea.
The now restructured and debt-relieved offshore drilling contractor Valaris has been awarded sixteen new contracts and extensions with more than a dozen different oil and gas companies.
Following new contract awards to its drillships and a harsh environment rig, Transocean is optimistic about contracting throughout the year.
Neodrill has signed a frame agreement with oil and gas operator Lundin Energy to provide its CAN-ductor technology for the company’s Norwegian fields. The agreement will see Neodrill’s CAN-ductor technology installed on Lundin’s future exploration and production wells. The deal was signed for an ini
Spirit Energy and Neptune Energy have agreed to partner on the development of the Pegasus West gas discovery in the UK Southern North Sea.
Baker Hughes has been awarded a subsea equipment contract from Petrobras as part of the Marlim and Voador field revitalization plan.
