Borr Drilling is contemplating an equity offering of $30 million in its quest to successfully complete its refinancing plan.
The Petroleum Safety Authority has issued an order to Transocean after discovering a total of eighteen irregularities on one of its rigs.
Shelf Drilling has secured long-term contract extensions with Chevron for two jack-up rigs for operations in the Gulf of Thailand.
Borr has reached agreements in principle with creditors to defer $1.4 bln debt maturities to benefit from market recovery.
Offshore drilling contractor Northern Ocean has reached an agreement with Odfjell Drilling for the management of two of its rigs.
The number of offshore rigs in the U.S. has lost its upward traction and came to a stop, based on Baker Hughes’ weekly rig count report.
Oil major ExxonMobil has started drilling the Glaucus-2 appraisal well located in Block 10 offshore Cyprus.
FAR is encouraged by oil shows and potential reservoirs encountered in its well off The Gambia despite no live oil columns being present.
Maersk Drilling has launched Horizon56 to support and drive forward the digitalisation of offshore drilling processes and the industry.
Vantage Drilling and ADES are taking their relationship to the next level following an agreement under which Vantage will sell three of its jack-ups to ADES.
Island Drilling has secured two new contracts, one with Petrofac in the UK North Sea and another with Maersk Decom for work in Mauritania.
PGNiG has awarded a one-well contract to the offshore drilling contractor Odfjell Drilling for drilling operations offshore Norway.
Carnarvon Energy has informed that the Valaris JU-107 jack-up drilling rig is currently en route to the Buffalo-10 location in the Timor Sea.
Maersk Drilling and Aker BP have agreed to renew a frame agreement for two jack-up rigs. The estimated value of this deal is around $1 bln.
