Maersk Drilling has secured a contract from Petrogas in the Dutch North Sea for the harsh environment jack-up rig Maersk Resilient but it has also received a cancellation for a UK North Sea job.
Prosafe has managed to reduce its quarterly loss despite lower revenues due to lower fleet utilisation and average day rates.
Trading of Pacific Drilling’s shares on the NYSE has been suspended and the contractor is facing delisting following its Chapter 11 filing last week.
Oil and gas operators in the U.S. Gulf of Mexico are returning to their offshore facilities following Hurricane Zeta, which at its highest point closed up to 85 per cent of oil and 58 per cent of gas production from the Gulf.
Transocean booked a profit in the third quarter of 2020 backed by a gain on restructuring and retirement of debt, offset by a loss on disposal of assets.
Independent Oil and Gas (IOG) has awarded a rig contract for its Core Project Phase 1 located in the UK North Sea to a Noble Corporation-owned jack-up rig.
Offshore drilling contractor Dolphin Drilling has secured a new combined contract with Norwegian oil and gas operator DNO Norge.
UAE-based offshore oil rig builder Lamprell has been awarded a medium-sized contract by International Maritime Industries (IMI) for engineering design services.
BW Energy has concluded on an alternative development plan for the Hibiscus/Ruche field in the Dussafu license off Gabon, using a converted jack-up rig.
Norwegian oil major Equinor has made a minor gas discovery near the Maria field in the Norwegian Sea.
Pacific Drilling has filed for Chapter 11 bankruptcy to eliminate $1.1 billion of bond debt amid significant disruption in the offshore drilling market.
The number of offshore rigs in the U.S. remained steady last week but dropped nine units year over year, according to a Friday report by Baker Hughes.
Oil major BP has started drilling the Ironbark-1 well located offshore Western Australia.
Norwegian oil and gas company Equinor has made two oil discoveries offshore Newfoundland, Canada. The wells were drilled using the Transocean Barents rig.
