Azinor Catalyst Limited, the Seacrest Capital Group-backed E&P company, has signed a Letter of Intent (LOI) with Transocean.
The NPD has granted Aker BP a drilling permit for two appraisal wells in the North Sea offshore Norway.
Prosafe has postponed the delivery of three newbuild rigs from a Chinese shipyard.
Awilco Drilling has signed a contract with Shell UK Limited for the provision of WilPhoenix rig for a decommissioning program of 18 firm wells plus options totaling a further eight wells.
Danish maritime industry giant A.P. Moller Maersk is still aiming to sell its offshore drilling and offshore supply vessel businesses by the end of 2018, despite recent reports claiming the drilling business sale might spill over into 2019.
Borr raises $350 million in a matter of minutes as it takes a new bite out of the distressed asset fleet.
Oil companies Upland and Baron Oil have been given consent from the UK Oil and Gas Authority to farm-into Corallian-operated block in the UK North Sea, containing the Wick prospect.
Offshore driller Borr Drilling has signed a master agreement with Singapore’s Keppel, to acquire five jack-up rigs for a total value of approximately $745m.
Danish offshore driller Maersk Drilling has awarded GustoMSC the first order for the new Chela smart crane.
Corallian Energy has entered into a letter of intent with drilling contractor Ensco for the provision of a jack-up drilling rig to drill its Colter and Wick wells offshore the UK.
Where next for jack-up rates?
Noble Corporation has been awarded new drilling contracts in the North Sea and Middle East region for two of its jack-up rigs.
Energy intelligence group Westwood feels that now is the best time to explore for oil and gas in the last decade.
Danish shipping giant AP Maersk Moller might not sell its drilling division Maersk Drilling in 2018, a previously planned.
