Chapter 11 Bankruptcy News


Norway Grants Permit for Aker BP’s Drilling Ops in North Sea

Apr 15, 2025

The Norwegian Offshore Directorate (NOD) has issued Aker BP a drilling permit for a wildcat well in the North Sea.The Permit is for wellbore 30/11-16 S in production license 873, operated by Aker BP with 47.7% working interest.Aker BP’s partners…

Vietnam to Open Bidding Round for Three Offshore Oil Blocks

Apr 04, 2025

Vietnam's state oil firm PetroVietnam will invite oil companies to bid to develop three offshore oil blocks, the government said on Friday.They include Block 17 in Cuu Long Basin and Block 10/11 and Block 10&11-1 in Nam Con Son Basin, all on Vietnam's continental shelf…

Valaris Rig Checks In at Jadestone Energy’s Montara Field Off Australia

Mar 31, 2025

Jadestone Energy, an Asia-Pacific focused oil and gas company, has informed that Valaris’ Valaris 247 jack-up rig has arrived on location at the Montara field offshore Australia for an upcoming drilling operation.Valaris 247 will drill the Skua-11 well side-track at the field…

CNOOC Sees 11% Profit Growth in 2024 Driven by Record Oil Production

Mar 27, 2025

China National Offshore Oil Company (CNOOC) has posted an 11.4% net profit growth in 2024, marking a record year of oil and gas production, which has been increased by 7% compared to a year earlier.In 2024, CNOOC recorded a net oil and gas production of 726…

Current News

BOEM Initiates Process for Potential Mineral Lease Sale Offshore Virginia

Jumbo Scoops Two Offshore Wind Contracts

Wood Nets Long-Term Maintenance Contract for Rio Grande LNG Facility

TechnipFMC to Supply Subsea Systems for Chevron’s Gas Project off Australia

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