Offshore Drilling News - page 2

 

First Jack-up Rig Built for IMI Loaded Out

May 17, 2022

International Maritime Industries (IMI), which describes itself as the largest shipyard in the MENA region, and offshore construction firm Lamprell on Tuesday announced the successful completion of the load-out and float-off of the first jackup drilling unit being constructed for IMI…

Equinor, Exxon Agree to Expand Brazil Offshore Oil Ops

May 17, 2022

Equinor and Exxon Mobil Corp have taken the first steps to expand an $8 billion oil development off Brazil's coast, the Norwegian oil producer told Reuters.The firms want to boost future production from the Bacalhau oil field, Equinor's largest…

Vantage Drilling's Q1 Loss Narrows. Sale of Jack-up Rig Trio to ADES to Close in Q2

May 16, 2022

Offshore drilling company Vantage Drilling International reported a net loss attributable to controlling interest of about  $14.9 million in the first quarter of 2022.For comparison, in the first quarter of last year, Vantage Drilling's net loss attributable to controlling interest was  $36…

Odfjell Drilling Secures More Work with Equinor

May 16, 2022

Norwegian oil and gas company Equinor has awarded further work to Odfjell Drilling's Deepsea Stavanger offshore drilling rig.The extension was awarded under the continued optionality mechanism in the contract entered into by the two companies in May 2021…

Jack-up Rig Utilization, Pricing to Hit Pre-pandemic Levels in 2022, Shelf Drilling CEO Says

May 13, 2022

Tendering activity for jack-up drilling rigs continues to improve, especially in the past two months, with global utilization expected to hit pre-pandemic levels in 2022.This is according to David Mullen, CEO of shallow-water oil and gas drilling rig contractor Shelf Drilling…

Namibia Launches Sovereign Wealth Fund after Offshore Oil Finds Made by TotalEnergies, Shell

May 12, 2022

Namibia on Thursday launched a sovereign wealth fund, months after oil discoveries by TotalEnergies and Shell off its coast.President Hage Geingob said at the launch the Welwitschia Fund would get an initial injection of 262 million Namibian dollars ($16…

Odfjell Drilling Takes Over Management and Marketing of SFL's West Hercules Drilling Rig from Seadrill

May 12, 2022

Norwegian offshore drilling contractor Odfjell Drilling will take over the management of the SFL-owned West Hercules semi-submersible drilling rig from rival Seadrill.Odfjell Drilling said Thursday it had signed a deal with SFL Corporation to…

Sasanof-1 Drilling: Rig Preps, Checks Underway ahead of Offshore Mobilization, Western Gas Says

May 12, 2022

Valaris' MS-1 semi-submersible drilling rig, currently anchored in the Dampier outer harbor in Australia, is on schedule to start tow to the Western Gas' Sasanof-1 location on Monday, May 16, 2022, the oil and gas company said Thursday. 'Western…

Aker BP Drills Duster at Laushornet Prospect Offshore Norway

May 12, 2022

Norwegian oil company Aker BP has drilled a dry well in the production licence 685, in the Norwegian section of the North Sea, according to the Norwegian Petroleum Directorate.The NPD said Thursday that Aker BP had concluded the drilling of wildcat well 35/4-3…

Noble Corp. Shareholders Approve Merger with Maersk Drilling

May 11, 2022

Shareholders of offshore drilling company Noble Corporation have approved the company's proposed plan to merge with the Danish offshore drilling firm Maersk Drilling.'...at the Extraordinary General Meeting of shareholders held today, shareholders…

Probe Launched After 32-tonne Slip Joint Drops on Vessel and Into Sea from Deepsea Atlantic Rig

May 11, 2022

The Norwegian offshore oil and gas safety body PSA Norway has launched an investigation into a lifting incident that happened on the Deepsea Atlantic offshore drilling rig on Sunday, May 8. 'While hoisting a 32-tonne slip joint from a vessel to Deepsea Atlantic…

PetroRio Acquires Semi-submersible Rig from Aquadrill

May 10, 2022

Brazilian oil company PetroRio announced on Tuesday it entered into an agreement with U.K.-based Aquadrill to acquire the semi-submersible drilling rig Capricorn for $40 million.The Friede & Goldman ExD millennium design rig was delivered in…

Frontera, CGX Energy Say Light Oil, Gas Condensate Found in Guyana

May 10, 2022

A joint venture formed by Canada-based firms CGX Energy and Frontera Energy on Monday said results from a well drilled in Guyana's offshore Corentyne block showed the presence of light oil and gas condensate.'The joint venture encountered hydrocarbons in multiple zones…

Neptune Energy Eyes Spending More than $1B to 'Support UK Energy Security'

May 10, 2022

Oil and gas company Neptune Energy said Tuesday it would spend more than $1 billion over the next five years 'securing energy supplies for the UK and speeding the transition to net zero.'The amount planned for investment includes capex and pre-development…

Lamprell to Upgrade Three Jack-up Rigs for International Rig Operator

May 10, 2022

Offshore construction firm Lamprell said Tuesday it was engaged with an international rig operator for major upgrade work on three jack-up drilling rigs in readiness for their deployment in the Gulf region.The first of the rigs will arrive at Lamprell's Hamriyah quayside this month…

Current News

UK North Sea Oil Producers See Shares Drop after Windfall Tax News

UK North Sea Oil Producers See Shares Drop after Windfall Tax News

Trident Energy Wraps Subsea Work in Brazil to Boost Pampo Field Output

Trident Energy Wraps Subsea Work in Brazil to Boost Pampo Field Output

Enauta's Atlanta FPSO to Be Operated Under ABS Class

Enauta's Atlanta FPSO to Be Operated Under ABS Class

Oil Plus Wins Produced Water Projects Off Qatar

Oil Plus Wins Produced Water Projects Off Qatar

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