Borr Drilling now has 17 rigs contracted or committed amid strong demand for offshore rigs and is on track to fully contract its fleet by 2022.
Prosafe has achieved the highest quarterly fleet utilisation rate since 2019, nearly quadrupling its revenues when compared to 3Q last year.
Wintershall Dea has begun the last part of the Nova drilling campaign from the Scarabeo 8 rig after originally starting about a year ago.
Providence Resources has completed the site survey at the K drilling location of the Barryroe field in the North Celtic Sea.
Oil and gas company Cairn Energy has revealed plans to change its company name effective from 13 December 2021.
Maersk Drilling has revealed a new contract award for one of its jack-up rigs as well as details on its quarterly financial performance.
Cairn Energy has completed the sale of its interests in the Catcher and Kraken fields located off the UK for $455 million.
Offshore wind spending is nearing that of offshore oil and gas and is anticipated to surpass it in several key markets by 2030, Rystad Energy said, with Europe being the first to count more offshore wind than oil and gas investments, followed by Asia (excluding China) and the US. In Europe, the UK a
Two giant offshore drilling contractors are encouraged by meaningful signs of improvement in the market and increase in rig day rates.
Norwegian oil and gas company Vår Energi has taken out a loan of $6 billion from 12 different banks as part of its refinancing strategy.
Neptune Energy has completed a study with EDF to measure methane emissions on a working UK offshore platform using drone technologies.
Driven by higher oil and gas prices, BP saw its profit soar in the third quarter of 2021 when compared to the same period last year.
Offshore rig owners are reaping the benefits of market recovery with more and more players hiring rigs for their exploration plans.
Following the sail away of two bridges and a flare, McDermott is focusing on completing a final piece of the puzzle for Tyra.
