The U.S. weekly offshore rig count has not changed over the last week, but it remains stuck at 11 units.
Norway’s recent tax relief package for the oil and gas industry is expected to cut breakeven prices by 40 per cent, thereby boosting the country’s rig demand while the UK’s plunges.
Dolphin Drilling has secured a letter of intent with a Norwegian operator for a three-well P&A operation on the Norwegian Continental Shelf.
India’s state-owned Oil and Natural Gas Corporation’s (ONGC) has temporarily suspended operations at two drilling rigs in the Arabian Sea after 54 positive tests for COVID-19 and one death.
Brazilian oil major Petrobras has prolonged the deadline for certain conditions of an agreement and settlement with Sete Brasil related to a charter of four and termination of contracts for 24 drilling rigs.
The Norwegian Petroleum Directorate (NPD) has granted Aker BP a drilling permit for two wells located in the Norwegian Sea.
The US District Court of Texas has rejected a $250 million damage claim filed by Petrobras America against South Korean shipbuilder Samsung Heavy Industries.
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has found irregularities during an audit regarding Maersk Drilling’s application for an acknowledgement of compliance for Mærsk Inspirer.
Keppel has started an arbitration process to resolve a dispute with Awilco Drilling related to a termination of a rig construction contract.
Russian oil and gas company Lukoil has started drilling of an exploration well at the Shirotno-Rakushechnaya prospect, located to the north of the V.I. Grayfer field in the Caspian Sea.
The Norwegian Petroleum Directorate has granted Spirit Energy a drilling permit for a wildcat well in the North Sea offshore Norway.
Seadrill has transitioned to quotation on OTC Capital Markets following its delisting from the NYSE with Oslo Stock Exchange now being its primary listing.
The number of offshore rigs in the U.S. dropped by two units over the last week, according to a weekly report published last Friday by Baker Hughes Company.
Equinor has received consent from the Petroleum Safety Authority (PSA) for exploration drilling in the North Sea using the Deepsea Atlantic rig.
