The international offshore rig count for February 2018 decreased both sequentially and year-over-year, according to a Wednesday report by Baker Hughes, a GE company.
The number of offshore rigs in the U.S. sank to 14 units, according to Friday rig count reports by Baker Hughes, a GE company.
The Petroleum Safety Authority has given Lundin Norway its consent to drill an exploration well in the North Sea with the COSLInnovator rig.
MHWirth, a company owned by Akastor, has been selected by Awilco Drilling for delivery of the drilling equipment package, with options for further three packages.
Statoil and its partners have contracted the West Phoenix rig for exploration drilling on the UK and Norwegian continental shelves from the summer of 2018.
U.S. offshore driller Rowan Companies returned to quarterly profit despite lower revenues helped by the sale of rigs to a joint venture with Saudi Aramco. For the fourth quarter 2017 Rowan reported a net income of $112 million compared to a net loss of $24.4 million in the fourth quarter of 2016. Th
This will be the market’s first newbuild offshore rig order in four years.
The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway a drilling permit for an appraisal well in the Barents Sea offshore Norway.
Norway’s Borr Drilling has officially launched its tender offer to buy all outstanding Paragon Offshore shares. The tender offer announcement released on Monday follows last week’s news that Borr Drilling had signed a binding tender deal to offer to purchase Paragon Offshore, in a move to consolidat
UK offshore driller Ensco posted a loss for the fourth quarter of 2017 compared to a profit in the year-ago quarter.
Norwegian oil company Statoil has started drilling at the Oseberg Vestflanken 2 development offshore Norway using the Cat J rig Askepott.
Norway’s Petroleum Safety Authority Norway has given North Atlantic Drilling Limited (NADL) a notice of an order following an audit of the West Phoenix rig.
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French oil company Total is preparing to start drilling at the Absheron field in the Caspian Sea following the launch of the Heydar Aliyev rig into the sea.
