Norwegian energy company Equinor has signed a three-well contract with offshore drilling contractor Noble Corp. for the use of the Noble Lloyd Noble jack-up drilling rig at the Valemon field, in the North Sea, offshore Norway. The drilling is slated to begin in the summer of 2021…
Offshore drilling contractor Borr Drilling has received a notice from the New York Stock Exchange informing it that the company is not in compliance with the continued listing standard.The notice is related to the minimum average share price…
ARO Drilling, a Saudi-focused offshore drilling joint venture between Valaris and Saudi Aramco, has appointed new CEO.The offshore drilling company said via social media that Derek Kent was named as its Chief Executive Officer. He succeeds Kelly McHenry…
Offshore accommodation specialist Prosafe has agreed with Shell to defer and amend the charter deal for its DP3 Safe Zephyrus semi-submersible accommodation rig.The flotel company has been hit hard by COVID-19 related cancellations and contract delays in the past months…
Offshore drilling contractor Dolphin Drilling has won a drilling rig contract in Mexico with the country's national oil company Pemex.Dolphin Drilling said Tuesday the contract was for the Blackford Dolphin semi-submersible drilling rig. The value of the contract…
Offshore drilling contractor Stena Drilling said Tuesday that oil company Tullow had hired one of its drillships for drilling offshore Suriname.Tullow Oil has hired the Stena Forth drillship and will use it to drill one well in Block 47, located approximately 260 km north of the coast of Suriname…
Ireland's PSE Kinsale Energy has hired Stena Drilling's Stena Spey semi-submersible drilling rig for a decommissioning campaign at the Kinsale field offshore Ireland.To remind, Kinsale area offshore gas fields in the Celtic Sea officially ceased production last month after more than 40 years online…
E&P companies planning drilling campaigns in British waters next year could face a surprisingly small selection of semisubs to choose from due to ever-shrinking ready supply in the segment.Too many rigs and not enough work has been the norm…
Oil and gas company Neptune Energy has extended the contract for the Deepsea Yantai semi-submersible offshore drilling rig.The rig, owned by China's CIMC and managed by the Norwegian drilling contractor Odfjell Drilling, was recently used to…
Jack-up drilling rig contractor Borr Drilling on Friday reported a $109,6 million net loss for the second quarter of 2020, on revenues of $84 million.For comparison, Borr provided the 1Q 2020 figures, in which it posted a loss of $87 million…
After striking a play-opening gas find offshore South Africa in 2019 with the Deepsea Stavanger drilling rig, the French oil and gas major Total has brought the same rig back to the country and has started drilling on another closely watched prospect - the Luiperd…
Norwegian offshore drilling company Odfjell Drilling will recycle its oldest drilling rig the Deepsea Bergen, to focus on its modern, harsh-environment drilling rigs.In a quarterly update on Thursday, Odfjell said that the Deepsea Bergen rig…
Over the past four months we have been flooded by news of just how badly the offshore rig market has been hit during the double whammy of the Corona pandemic and oil price fallout. We witnessed what seemed like a never-ending wave of contract…
Cash strapped offshore accommodation provider Floatel expects a prolonged downturn in the offshore accommodation market, with no significant improvements expected before 2022.The company, which operates five semi-submersible accommodation rigs…
Valaris, the world's largest offshore drilling contractor by fleet size, said Tuesday that the New York Stock Exchange had decided to suspend its shares and delist them.The offshore drilling company has been hit hard by the blended effects of the global COVID-19 pandemic…
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