Offshore Drilling News

 

UK: Offshore Drilling Crews Call Off Strike, Accept 10% Pay Increase

Oct 26, 2022

More than 450 offshore drilling and drilling maintenance workers covered by the United Kingdom Drilling Contractors Association (UKDCA) have accepted an improved offer of 10% on their rates of pay back dated to June 1, 2022, Unite the union said Wednesday.Sharon Graham, Unite general secretary said: “By standing together, Unite's members covered by UKDCA have an improved offer that they are willing to accept…

3-Year Deal: Survitec to Maintain Life Saving Equipment on Valaris' Offshore Rigs

Nov 30, 2022

Offshore drilling operator Valaris has extended its service agreement with Survitec, a provider of survival technology solutions, for another three years.The master service and supply contract, originally signed in 2016, covers the annual and five-year inspection…

Seadrill Wraps Sale of 7 Jack-up Drilling Rigs to ADES

Oct 19, 2022

Offshore drilling firm Seadrill said Tuesday it had completed the previously proposed sale of seven jack-up drilling rigs to ADES in Saudi Arabia.The two companies announced the initial sale and purchase agreement on September 1. With the sale now completed…

APA Strikes Oil in Block 53 Offshore Suriname

Aug 23, 2022

Oil and gas company APA Corporation on Tuesday said it had discovered oil at Baja-1 well in Block 53, offshore Suriname, using the Noble Gerry de Souza drillship.Baja-1 was drilled to a depth of 5,290 meters (17,356 feet) and encountered 34…

ENI Ups Ivory Coast Field Estimates

Jul 29, 2022

Italian explorer Eni has reported 'excellent results' from its latest exploration well offshore Ivory Coast, West Africa, resulting in a 25% increase in the resource estimate for the Balaine field. The Baleine East 1X well was the first exploration…

Borr Drilling Finds Buyer for Three Under-construction Jack-ups

Jun 27, 2022

Jack-up drilling rig owner Borr Drilling has signed a binding letter of intent with an unnamed buyer for the sale of three high-spec jack-up drilling rigs currently under construction with Keppel FELS shipyard for $320 million.Borr Drilling…

Noble Corp. Finds Buyer for Five North Sea Rigs, Paving Way for Maersk Drilling Merger Completion

Jun 23, 2022

Noble Corporation has found a buyer for five jack-up rigs in a move that could alleviate concerns raised by the UK Competition and Markets Authority.Namely, the CMA said in April it had found that Noble Corp. and Maersk Drilling merger - first…

SapuraOMV Drills Duster at Kanga Prospect Offshore W. Australia

Jun 03, 2022

Oil and gas company SapuraOMV has recently completed drilling operations at the Kanga-1 well offshore Western Australia without encountering commercial hydrocarbon volumes.SapuraOMV used the Diamond Offshore Ocean Apex semi-submersible drilling rig…

Norway Oil Firms and Labor Unions Seek Mediation to Avert Strike as Wage Talks Break Down

May 05, 2022

Wage talks between Norwegian oil firms and three labor unions broke down on Wednesday and will switch to state-led mediation in a bid to prevent strike action by workers, the unions and companies said.If Norway's government-appointed mediator is unable to broker a deal…

Odfjell Oceanwind Names Knudsen CFO

Apr 01, 2022

Odfjell Oceanwind, a Norwegian company that plans to make floating wind turbines to power offshore oil and gas drilling rigs and platforms, has appointed Eirik Knudsen as its Chief Financial Officer.'We are happy to welcome Eirik Knudsen as Chief Finance Officer to the Odfjell Oceanwind team…

Saipem to Cut Costs, Scale Back Green Push, Focus on Traditional Offshore Oil Business

Feb 24, 2022

Troubled energy contractor Saipem will cut costs, sell assets, and scale back green ambitions to focus more on its core oil and gas business after plunging deep into the red last year.The Italian group stunned investors in January when it downgraded…

Namibia Aims for First-ever Oil Output by 2026 after Shell Offshore Find

Feb 07, 2022

Namibia aims to fast-track the development of its first oilfield to have production by 2026 following a significant offshore discovery by Shell, a senior energy official told Reuters on Monday.Shell on Friday said the exploration well off the…

Petrofac Hires Stena Don Offshore Drilling Rig for Tailwind's UKCS Well

Feb 01, 2022

Offshore drilling contractor Stena Drilling has signed a contract with Petrofac for the hire of its Stena Don semi-submersible drilling rig.The Stena Don has been hired for a one-firm well campaign on Tailwind Energy's Gannet E field in the UK Continental Shelf…

Maersk Drilling Launches Horizon56 Branch to Digitalize Offshore Drilling

Dec 21, 2021

Danish offshore drilling company Maersk Drilling has for the past two years lead the development of what it says is 'a first-of-a-kind product' to support the digitalization of offshore drilling processes. The solution, named RigFlow, has now…

ADNOC Drilling's Q3 Profit Rises Almost 50%

Nov 10, 2021

ADNOC Drilling posted a rise of almost 50% in third-quarter profit on Wednesday, driven by new rigs and reactivation of others this year, in addition to an increase in oilfield services.The unit of Abu Dhabi National Oil Company, which went public last month…

Current News

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Philippines Must Find Way to Exploit South China Sea Resources, says President Marcos

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