Fred. Olsen Energy (FOE) might be facing bankruptcy if no solution is found to its refinancing, which is being obstructed by one secured lender.
Equinor has made a gas discovery northwest of Atlantis gas discovery located in the Barents Sea offshore Norway.
Jack-up drilling company Borr Drilling is seeing an increase in jack-up rig utilization, especially in the premium jack-up rig segment, mostly in the Middle East, West Africa, Mexico, and the North Sea.
Faroe Petroleum has started drilling the Brasse East exploration well 31/7-3S in the Northern North Sea offshore Norway.
UK driller Ensco and its U.S. rival Rowan have announced the early termination of HSR waiting period related to a proposed merger of the two companies.
Lundin Norway has received consent for exploration drilling in the Barents Sea using the Leiv Eiriksson drilling rig.
Turkey has objected ExxonMobil’s last week’s start of drilling operations in the Block 10, offshore Cyprus, saying the ‘unilateral’ drilling would not bring peace to the Eastern Mediterranean region.
Equinor has received consent from the PSA for exploration drilling in the North Sea using the Transocean Spitsbergen rig.
The PSA has found a non-conformity during an audit of planning and execution of drilling and well operations on the Oda field.
The U.S. oil major ExxonMobil has started drilling an exploration well offshore Cyprus. This was confirmed on Friday by the country’s Ministry of Energy. The ministry said Exxon had started drilling the drilling of “Delphyne-1” well in Block 10, within the Exclusive Economic Zone of the Republic of
Cairn Energy has failed to find commercial hydrocarbons in its Ekland well in the UK North Sea and has decided to farm out its Chimera prospect, also located in the UK North Sea.
Azinor Catalyst has made an oil discovery at its 9/14a-17B well and associated side-track on the Agar-Plantain Prospect located in license P1763 in the UK North Sea.
The PSA has decided to launch an investigation into an incident involving dropped objects on the Maersk Invincible drilling rig.
Jack-up rig specialist Shelf Drilling expects rig utilization to further increase in 2019, but the CEO has acknowledged the dayrates have yet to pick up.
