Vantage Drilling booked a loss in the last quarter of 2019 despite increase in revenues driven by higher utilization in both jack-up and deepwater segment.
Equinor and partners Shell and Total have completed the drilling of confirmation well 31/5-7 Eos south of the Troll field in the North Sea as part of the Northern Lights project.
Norwegian offshore safety watchdog has launched an investigation into an incident on February 29, 2020, where the gangway on the Floatel Endurance became disconnected.
Beach Energy’s Lattice Energy has received approval from the Australian offshore regulator to drill the Artisan exploration well, which is located in the Otway Basin, offshore Australia.
Byron Energy has completed operations on its SM71 F4 well in the U.S. Gulf of Mexico and began working on final hook up with production expected in two weeks.
The gradual recovery in the offshore oil and gas sector’s fortunes is reflected in the latest traffic statistics from the UK’s Lerwick Port Authority, with an improving picture throughout 2019.
Maersk Drilling has been awarded a one-well contract for the semi-submersible rig Maersk Discoverer offshore Egypt.
Prosafe and oil major Shell have agreed a contract extension for one of Prosafe’s units for operations in the UK North Sea.
Santos has made a Final Investment Decision on the Van Gogh infill development phase two project off Australia.
Equinor has made an oil discovery near the Gudrun field following the conclusion of the drilling of wildcat wells 15/3-12 S and 15/3-12 A in the central part of the North Sea.
The number of offshore rigs in the U.S. remained unchanged over the last week, according to a Friday report by Baker Hughes Company. Baker Hughes Rig Count: U.S. -1 to 790 rigs U.S. Rig Count is down 1 rig from last week to 790, with oil rigs down 1 to 678, gas rigs unchanged at […]
Borr Drilling believes that the growth in the shallow-water drilling is set to continue in 2020. The average length of a jack-up contract has increased, supported by strong tendering activity, where Borr sees a demand for more than 40 modern jack-up rigs in various tenders across the world.
Odfjell Drilling posted a decrease in quarterly profit despite increase in revenues driven by mobile offshore drilling units segment.
Eni has drilled the Agogo-3, the second appraisal well of Agogo discovery in Block 15/06, offshore Angola, increasing by about 40% the estimate of oil in place, which is now of 1 billion barrels with further upside to be tested in the Northern sector of the field.
