Eni has not found oil at its Ehecatl-1 exploration well in Block 7, offshore Mexico, Cairn, a partner in the project has said.Cairn said on Tuesday operations had been completed at the Eni-operated Ehecatl-1 exploration well in the Sureste Basin…
W-Industries, a global integrated technology and engineering solutions provider, has been awarded a significant contract by Total E&P Mozambique Area-1, Limitada, a wholly owned subsidiary of Total S.A, for its Mozambique LNG project.Since 2010…
Equatorial Guinea has granted oil and gas companies two-year extensions on their exploration programs, a statement from the hydrocarbons minister said.The move is an effort to keep investments flowing into the nation's energy industry amid a…
Thai energy company PTT Exploration and Production Pcl said on Monday its joint venture had made two deep-water oil discoveries in the Salina Basin, offshore Mexico.The Mexican subsidiary of PTTEP, Thailand's largest oil and gas producer, and…
Awilco Drilling has said that it has reached a deal with Petrofac to delay the start of the plug and abandonment works with Awilco's WilPhoenix offshore rig.Awilco in March announced the rig deal with Petrofac Facilities Management for its 1982…
Oil and gas company Spirit Energy has been given the approval to drill an offshore well in the Barents Sea, offshore Norway.The country's offshore oil and gas safety body PSA Norway, said this week that it had given Spirit Energy permission to drill the 7321/8-2 S offshore well…
Offshore drilling contactor Valaris, which is exploring a bankruptcy restructuring, on Thursday said it could take up to two years to reactivate idle equipment as contracts dry up during a historic rout in oil prices.Global oil markets have…
Offshore drilling company Transocean reported a net loss for the first quarter of $392 million, or $0.34 per diluted share. The company expects delays with new contracts due to COVID-19 but says it expects to continue to deliver offshore drilling 'industry’s best margins…
Jack-up rig specialist Borr Drilling has sold two jack-up drilling rigs and backlog associated with them effective from April 1, 2020, for $15.8 million.The two jack-ups, the Dhabi II and Paragon B152, built in 1981 and 1982, respectively, are on contracts with UAE's ADNOC…
Offshore drilling contractor Valaris on Thursday reported a net loss of $3.01 billion, or $15.19 per share, for the first quarter 2020 compared to a net loss of $216 million, or $1.09 per share, in fourth-quarter 2019.First-quarter 2020 results included a non-cash asset impairment charge of $2…
Danish offshore drilling company Maersk Drilling has won an 11-month contract extension for its jack-up drilling rig Maersk Intrepid with Equinor in Norway, which will see the drilling firm earn more than $100 million.Maersk Drilling said Thursday…
Norwegian oil and gas company Equinor has completed drilling of the offshore exploration well Helleneset, formally known as well 30/6-31 S, without finding hydrocarbons.The well was using the West Hercules semi-submersible drilling rig drilled…
Keppel Offshore & Marine, an offshore construction subsidiary of Singapore's Keppel Corp, expects challenging conditions ahead due to the drop in oil prices but says its business diversification into gas and renewables has paid off.The company…
Oil and gas company Neptune Energy has started a drilling campaign on the Fenja field offshore Norway, with the spud of the first well carried out by the West Phoenix drilling rig.Fenja is Neptune’s first operated development project on the Norwegian Shelf and is estimated to contain 97 million boe…
Bankrupt Diamond Offshore Drilling Inc has sued Australian oil and gas producer Beach Energy Ltd for abruptly terminating a $65 million drilling contract.Beach Energy ended the agreement, claiming Diamond Offshore missed a 'contractual milestone to deliver the rig'…
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