Transocean has bought a 33.3% interest in the West Rigel, a newbuild harsh environment semi-submersible rig built.
With a clear strategy and commitment to execution, Northern Drilling is shrewdly maneuvering through the distressed offshore rig world.
Norwegian oil and gas explorer Wellesley Petroleum is about to begin its offshore drilling campaign in the North Sea off Norway.
UK Offshore driller Awilco Drilling is in still in talks with an unnamed client to secure work for its WilPhoenix semi-submersible drilling rig. The company hopes to seal the deal soon.
Aker BP has received consent from the PSA for exploration drilling in the North Sea using the Deepsea Stavanger rig.
John Frederiksen’s Northern Drilling has entered into agreements to buy two newbuild drillships from a South Korean shipyard with an option to buy a third drillship.
The international offshore rig count was up by 6 rigs sequentially but down by 7 year-over-year, according to April 2018 rig count reports released by Baker Hughes, a GE company, on Monday. Baker Hughes’ international rig count includes land and offshore rigs from Latin America, Europe, Africa, Midd
World’s largest offshore accommodation rig supplier Prosafe turned profitable in the first quarter of 2018, after posting a loss in the corresponding period of 2017.
Noways’ anti-corruption agency Okokrim has closed an investigation into Sevan Drilling over the company’s drilling contracts won with Petrobras between 2005 and 2008.
Several breaches of the regulations have been identified the investigation has revealed
Offshore drilling company Noble Corp. is seeing improvement in the offshore rig market, with the jack-up rig market driving the demand uptick.
OOS Energy will join forces with WestGroup and create a new company named OOS Energy Platform Services.
U.S. offshore rig owner Rowan sees the market conditions improving in the shallow water drilling segment, especially in the Middle East and the North Sea. The driller on Tuesday posted a net loss of $112.3 million in the first quarter of 2018, compared to a net profit of $10.3 million in the first q
Danish offshore driller Maersk Drilling has secured three consecutive contracts for the Maersk Resolute and a contract extension for the Maersk Resolve jack-up rigs. Both rigs are operating in the Dutch sector of the North Sea.
