Offshore Drilling News


Lebanon's Prime Minister Seeks Clarification over Halliburton's Offshore Drilling Deal in Israel

Sep 20, 2021

Lebanon's Prime Minister Najib Mikati has asked his foreign minister to seek clarification from the international community after Israel granted U.S. oilfield services group Halliburton an offshore drilling contract in the Mediterranean.Lebanon…

Odfjell Drilling Swings to 2Q Profit. Backlog Increased to $2.4B

Aug 26, 2021

Norwegian harsh environment offshore drilling company Odfjell Drilling swung to profit in the second quarter of the year, with a reported net profit of $27 million, compared to a loss of $6 million in 2Q 2020.Odfjell Drilling's operating revenue grew to $233 million…

Sapura Hires Halliburton for Offshore Drilling Services Support

Aug 11, 2021

Malaysian offshore drilling contractor Sapura Drilling has awarded oilfield services giant Halliburton an offshore integrated contract.Sapura Drilling will, with Halliburton as its technical partner, execute an Integrated Rig Drilling Completion…

Petrobras Books Constellation's Drillship Laguna Star

Jul 07, 2021

Brazilian offshore drilling contractor Constellation has signed a long-term offshore drilling contract with Petrobras.The contract is for Constellation's Laguna Star drillship. The drillship will begin its 1,095-day charter offshore Brazil in January 2022…

Australia: Advent Energy Issues Call for Offshore Drilling Rig to Drill Baleen-1 Well

Jun 09, 2021

Australian oil and gas company Advent Energy has issued a call for tender for the delivery of offshore drilling services for its Baleen-1 well, off Newcastle, Australia.The tender has been issued to multiple drilling contractors who have semi-submersible drilling units in the region…

Wind-Powered Offshore Drilling Rigs in Canada: Saitec, WESI Get Gov't Funding

May 11, 2021

The Government of Canada has approved funding for Waterford Energy Services Inc. (WESI) and Saitec Offshore's project designed to power offshore drilling rigs using a plug-and-play renewable energy solution.The funding program aimed to support…

Noble Corp. Completes Pacific Drilling Acquisition

Apr 16, 2021

Offshore drilling contractor Noble Corporation has completed the acquisition of Pacific Drilling. Noble Corporation said Friday the Pacific Drilling hi-spec ultra-deepwater drillship fleet would further enhance Noble's global position 'as an…

Offshore Drilling Market Poised for Growth, Rystad Says

Mar 23, 2021

Norwegian energy intelligence group Rystad Energy expects to see an increase in offshore wells drilled this year and the next one, compared to 2020, when the number was hit by low oil prices and the pandemic.Now, with oil and gas demand recovering supported by vaccinations and OPEC+ supply cuts…

Valaris Set to Emerge from Bankruptcy as Reorganization Plan Approved

Mar 05, 2021

Offshore drilling company Valaris, the world's largest by fleet size, has received approval from the United States Bankruptcy Court for the Southern District of Texas of its prearranged plan of reorganization, and has agreed with Korea's Daewoo to delay deliveries of two newbuild drillships…

Lundin Energy Hires Deepsea Stavanger Offshore Drilling Rig

Mar 02, 2021

Norwegian offshore drilling company Odfjell Drilling has signed a firm contract with the oil firm Lundin Energy for the use of the Deepsea Stavanger semi-submersible drilling rig.The firm contract follows a letter of intent announced in January…

Baker Hughes, Akastor in Offshore Drilling Equipment JV

Mar 02, 2021

Oilfield services giant Baker Hughes and Norway's Akastor on Monday said they would create a joint venture that will bring together Baker Hughes’ Subsea Drilling Systems (SDS) business with Akastor’s subsidiary, MHWirth AS (MHWirth).MHWirth provides advanced drilling solutions and services…

Eni Extends Saipem 10000 Drillship Term until 2023

Feb 25, 2021

Italian oil giant Eni has recently extended the contract for Saipem's Saipem 10000 drillship.The news was shared by the Italian energy services company Saipem on Thursday in its full-year and fourth-quarter 2020 report.'The most significant…

Vantage Drilling Agrees to Manage Seadrill Partners' Floaters

Feb 12, 2021

Offshore drilling contractor Vantage Drilling's subsidiary Vantage Holdings International has signed an agreement to manage and market some of Seadrill Partners' offshore drilling rigs.Under the deal, signed on February 9, VHI will provide marketing…

Offshore Driller Transocean Launches Wearable Tech to Boost Drill Floor Safety

Feb 11, 2021

Offshore drilling contractor Transocean on Thursday announced the deployment of what it said was the offshore drilling industry’s first safety system that integrates a wearable locating device with drill floor equipment and machine stoppage controls…

Seadrill's Subsidiary Asia Offshore Drilling Files for Chapter 11

Feb 08, 2021

Offshore driller Seadrill said Sunday that Chapter 11 bankruptcy protection cases have been filed in the Southern District of Texas in respect of Seadrill's subsidiaries Seadrill GCC Operations Ltd, Asia Offshore Drilling Limited, Asia Offshore Rig 1 Limited…

Current News

BW Ideol Inks Deal with EDF, Maple Power for Floating Wind Project in Mediterranean

BW Ideol Inks Deal with EDF, Maple Power for Floating Wind Project in Mediterranean

BW Offshore: One-year Charter Extension for FPSO in Ivory Coast

BW Offshore: One-year Charter Extension for FPSO in Ivory Coast

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Iran, Oman Eye Joint Development of Hengam Offshore Oil Field

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Norway's Hammerfest LNG Plant Extends Outage

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