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Exploration & Production

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Fossil EnergyBusiness & Finance
Troubled offshore driller to see no more money coming in from biggest shareholder
Exploration & Production

Troubled offshore driller to see no more money coming in from biggest shareholder

Dolphin Drilling’s main shareholder, Bonheur, has decided it will no longer contribute any money in the troubled offshore driller.

about 7 years ago
PHOTO: Jack-up rig Maersk Resolve leaves port for Wintershall job
Exploration & Production

PHOTO: Jack-up rig Maersk Resolve leaves port for Wintershall job

Maersk Drilling-owned jack-up drilling rig Maersk Resolve has left Denmark’s Port of Osbjerg for a job in the Dutch sector of the North Sea.

about 7 years ago
ONGC takes Shelf Drilling jack-up for a three-year spin
Exploration & Production

ONGC takes Shelf Drilling jack-up for a three-year spin

Jack-up drilling specialist Shelf Drilling has been awarded a three-year contract in India for one of its rigs. Shelf Drilling said on Wednesday the contract was for the Ron Tappmeyer jack-up rig with the client being Oil and Natural Gas Corporation (ONGC), India’s national oil company. The contract

about 7 years ago
Transocean raising cash to pay for Deepwater Poseidon drillship
Exploration & Production

Transocean raising cash to pay for Deepwater Poseidon drillship

Transocean said it would use the net proceeds “to partially finance the construction or acquisition of the Deepwater Poseidon [drillship] .”

about 7 years ago
Green light for Lundin to use Leiv Eiriksson rig in North Sea
Exploration & Production

Green light for Lundin to use Leiv Eiriksson rig in North Sea

Lundin has received consent from Norway’s PSA for exploration drilling in the North Sea using the Leiv Eiriksson semi-submersible rig.

about 7 years ago
Seadrill Partners to slash dividend. Cites low rig rates, looming debt maturities
Exploration & Production

Seadrill Partners to slash dividend. Cites low rig rates, looming debt maturities

Seadrill Partners, an affiliate of offshore driller Seadrill, will reduce the quarterly distribution to its common unitholders from 10 cents per unit to 1 cent per unit. “The move reflects the slower than anticipated recovery in dayrates and the company’s desire to preserve liquidity ahead of debt m

about 7 years ago
VIDEO: Former Paragon jack-up leaves Port of Esbjerg
Exploration & Production

VIDEO: Former Paragon jack-up leaves Port of Esbjerg

The Haeva jack-up rig, the previously named Paragon HZ1, has left the Port of Esbjerg.

about 7 years ago
Equinor awards Peregrino well management deal to Schlumberger
Exploration & Production

Equinor awards Peregrino well management deal to Schlumberger

Oil services company Schlumberger has won a contract from Equinor for total well delivery on the Peregrino C platform in the Campos basin offshore Brazil.

about 7 years ago
Ensco postpones general meeting as Rowan evaluates new bid
Exploration & Production

Ensco postpones general meeting as Rowan evaluates new bid

Offshore drilling company Ensco has decided to postpone its general meeting originally scheduled for January 23, 2019.

about 7 years ago
Equinor moving West Phoenix rig to UK for 3-well campaign
Exploration & Production

Equinor moving West Phoenix rig to UK for 3-well campaign

Seadrill’s drilling rig West Phoenix is now being moved from Norway to the UK Continental Shelf to start operations on a three-well drilling campaign for Equinor.

about 7 years ago
Wellesley gains drilling permit for North Sea well
Exploration & Production

Wellesley gains drilling permit for North Sea well

The Norwegian Petroleum Directorate has granted Wellesley Petroleum a drilling permit for a wildcat well in the North Sea.

about 7 years ago
Equinor hits gas and condensate in exploration well offshore Norway
Exploration & Production

Equinor hits gas and condensate in exploration well offshore Norway

Equinor has proven gas and condensate in the Ragnfrid North exploration well, which is located near the Kristin field offshore Norway.

about 7 years ago
Corallian’s Wick well off UK comes up dry
Exploration & Production

Corallian’s Wick well off UK comes up dry

Corallian Energy has failed to find hydrocarbons at its Wick exploration well located off the UK.

about 7 years ago
Ensco raises Rowan bid. Says proposal is final
Exploration & Production

Ensco raises Rowan bid. Says proposal is final

Offshore drilling company Ensco has raised its offer for rival Rowan Companies, offering an increase in the exchange ratio for its all-stock combination with Rowan. The increased offer comes a week after it was announced that one of Rowan’s major shareholders, Canyon Partners, would oppose the merge

about 7 years ago
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