Mexico’s Grupo R has received an early termination of a drilling contract with Hokchi Energy due to the current market situation.
Borr Drilling has postponed deliveries of five jack-up rigs until mid-2022.
A court in Brazil has accepted a money laundering and corruption complaint against a former Sembcorp Marine employee as part of the widespread Brazilian Car Wash probe.
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has found several irregularities regarding the emergency preparedness on the Valaris-owned Valaris JU-292 rig, formerly known as the Rowan Norway.
COSL Drilling Europe (CDE) has signed a master framework agreement with Equinor on the Norwegian Continental Shelf, that fully enables it to provide additional drilling units and services to the oil major.
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has found one improvement point regarding an application for the Acknowledgement of Compliance (AoC) for the West Bollsta drilling rig.
Prosafe has gained support to an extension to the forbearance arrangement with a majority of its lenders until the end of June while working to agree on a long-term financial solution.
Japanese shipbuilder Kawasaki Heavy Industries (KHI) has placed an order for the first commercial unit of a new Corvus Energy high-density lithium-ion capacitor energy storage system (ESS). Branded Blue Marlin, the product uses lithium-ion capacitor (LiC) cells that sustain very high charge/discharg
Seadrill booked a huge loss in the first quarter of the year due to impairment charges amid a significant reduction in global oil demand.
The number of active offshore rigs in the U.S. remained flat at 12 units for the second week running, according to the latest weekly rig count report by Baker Hughes.
Norwegian offshore safety body, the Petroleum Safety Authority (PSA), has given its consent to Neptune Energy for production drilling on the Gjøa field using the Deepsea Yantai semi-submersible drilling rig.
Norwegian oil company Aker BP has received consent from the Petroleum Safety Authority (PSA) for plugging and removal work at the Valhall drilling platform using the Maersk Invincible drilling rig.
Maersk Drilling believes that continued rig scrapping is needed to obtain a healthier balance between rig demand and supply.
OMV is ready to drill an appraisal well in the Norwegian Sea following an offshore safety approval for the use of a rig and the receipt of a drilling permit from Norwegian authorities.
