Offshore Drilling News

 

Valaris Skips $13.3M Interest Payment

Jun 15, 2020

Offshore drilling contractor Valaris said Monday it had elected not to make the $13.3 million interest payment due on June 15, 2020, related to its 7.375% Senior Notes due 2025.The offshore drilling company, which had more than $6.5 billion of debt at the end of the first quarter…

NOIA: U.S. Offshore Drilling Ban Would Crush Jobs, Govt Revenues

May 26, 2020

A U.S. ban on new offshore drilling in the Gulf of Mexico, which presidential hopeful Joe Biden promised to enact if elected, would lead to hundreds of thousands of job losses and billions in lost government revenue over 20 years, an offshore drilling industry group said on Tuesday…

Awilco Drilling Posts 'Nil' in 1Q Revenue. In Talks for Newbuilds Funding, Deployment

May 13, 2020

Oslo-listed offshore drilling contractor Awilco Drilling did not generate revenue during the first quarter of 2020, and it on Wednesday reported a net loss of $9,4 million. However, the company is optimistic about the future, that is, when its high-end rigs…

Saudi Aramco 'Suspends' Noble Corp. Jack-Up Rig

May 07, 2020

Offshore drilling company Noble Corp has said that its jack-up rig Noble Scott Marks, located offshore Saudi Arabia, will be suspended at the request of its client.The rig is on a contract with Saudi Aramco, which, as Noble Corp. said in April…

New Round of Layoffs at Maersk Drilling

May 07, 2020

Offshore drilling company Maersk Drilling has announced a new wave of layoffs and has revised its financial guidance for 2020, citing oil and gas companies' budget cuts and delays and cancellations in offshore drilling tenders.As previously reported…

Maersk Drilling to Mothball Several Rigs, Reduce North Sea Headcount

Apr 24, 2020

Danish offshore drilling contractor Maersk Drilling is set to mothball several offshore drilling rigs, and as a consequence, reduce the number of offshore workers, citing low oil prices and the impact of COVID-19 pandemic as the reason.'The…

Offshore Drilling Firm Valaris in NYSE Listing Warning

Apr 21, 2020

Offshore drilling contractor Valaris is facing delisting of its shares from the New York Stock Exchange over noncompliance with continued listing standards.Valaris, the world's largest offshore drilling company by fleet size, said Tuesday it…

Beach Energy Ends Diamond Offshore Drilling Rig Deal Citing Late Arrival Date

Apr 20, 2020

Australian oil and gas company Beach Energy has terminated the contract for Diamond Offshore's Ocean Onyx semi-submersible drilling rig, citing delays in the rig's arrival.The rig was to be used by Beach Energy at the Victorian Otway Basin, however…

270 Offshore Rigs Were Active in February Worldwide

Mar 06, 2020

There were 270 offshore drilling rigs in the world actively drilling for oil and gas in February 2020, a slight increase compared to January 2020 (at 268), but also a slight dip versus February 2019 (at 272). This is according to Baker Hughes' February rig counts…

Transocean Drilling Revenues up at $792M

Feb 18, 2020

Transocean, the world's largest offshore drilling contractor, said that its total contract drilling revenues were $792 million (total adjusted contract drilling revenues of $839 million), compared with $784 million in the third quarter of 2019…

Long-Term Deal with Petrobras for Constellation's Offshore Rig

Feb 11, 2020

Brazilian offshore contractor Constellation has won an offshore drilling rig contract with Petrobras.Constellation said last week that Petrobras had hired its Atlantic Star semi-submersible drilling rig.In a LinkedIn post, the offshore drilling…

Latin America, Africa Keep January Offshore Rig Count Up

Feb 07, 2020

There were 268 offshore drilling rigs active in the world in January 2020, oilfield services giant Baker Hughes said in its monthly rig count report released Friday.This is a slight increase compared to 266 offshore rigs actively exploring for oil and gas counted in January 2019…

Virginia Lawmakers Vote to Block Offshore Drilling

Feb 05, 2020

Virginia Democratic-led lawmakers on Tuesday passed a bill to block future oil and gas development off the state's coastline, reflecting opposition to the Republican Trump administration's efforts to open Atlantic waters to fossil fuel exploration…

U.S. Offshore Rig Count Bumped Up

Jan 27, 2020

The U.S. weekly offshore rig count rose by one unit last week, Baker Hughes' weekly rig count report released on Friday showed.According to the report, there were 21 offshore drilling rigs active in the U.S. during the week, up from 20 during the previous week…

JDC Wins Contract Extension for Rig

Nov 18, 2019

Japanese offshore drilling contractor Japan Drilling Company has been awarded a contract extension for one of its jack-up rigs.JDC said its Hakuryu-14 rig would remain on a contract with Pertamina Hulu Mahakam at the Mahakam block, offshore Indonesia…

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