Offshore Drilling News

Schlumberger CEO: Stage is Set for Oil Demand Recovery

Jan 22, 2021

Schlumberger on Friday joined rivals in predicting a steady recovery in the oil industry this year after the world's top oilfield services provider's fourth-quarter results beat estimates, aided partly by growing drilling demand.Easing of COVID…

Norway to Award Arctic Offshore Drilling Permits in Q2

Jan 21, 2021

Norway expects to award oil and gas exploration permits in frontier regions of the Arctic in the second quarter, Oil and Energy Minister Tina Bru told parliament on Thursday.The government in November said it would offer drilling permits in nine offshore regions containing 136 blocks…

Elon Musk's Firm Buys Two Offshore Rigs to Serve as Launchpads for SpaceX Rockets

Jan 20, 2021

Two offshore drilling rigs, previously used for oil and gas exploration beneath the seabed, could soon help with space exploration.Namely, according to multiple reports this week, a company linked to billionaire Elon Musk bought two deepwater semi-submersible drilling rigs last year…

Beacon Offshore Energy Finds Oil in U.S. Gulf of Mexico

Jan 19, 2021

Beacon Offshore Energy has made an oil discovery at the Winterfell offshore well in the U.S. Gulf of Mexico, Kosmos Energy, a partner in the project has informed.Kosmos, which owns a 17.5% interest in the project said that the Winterfell infrastructure…

The 2020 Offshore Rig Market - A Year in Review

Jan 18, 2021

Just how bad was it?The year 2020 has to be one of the toughest and most challenging for the offshore rig market. After starting on a high with the knowledge that the previous oil price crash was now well and truly in the past, demand, dayrates…

Equinor Adds One More Well to Deepsea Atlantic Rig Term

Jan 18, 2021

Norwegian energy company Equinor has exercised an option to add one more well to the contract it has with Odfjell Drilling for the use of Deepsea Atlantic semi-submersible drilling rig.The news comes exactly a month after it was announced that Equinor had added two wells to the contract…

Petronas Hires Pacific Khamsin Drillship for Drilling Project in Mexico

Jan 18, 2021

Malaysian oil and gas company Petronas has chartered Pacific Drilling's drillship Pacific Khamsin for an offshore drilling project in Mexico.Pacific Khamsin is currently located in the U.S. Gulf of Mexico region, where it in November completed a well for the French oil major Total…

OMV Petrom Spuds Two New Wells in Black Sea

Jan 18, 2021

Romanian oil and gas firm OMV Petrom said Monday it had started drilling two new development wells in the shallow waters of the Istria block, in the Black Sea.The first drilling operations started at the end of December 2020 and the drilling…

Drilling Deals Confirmed for Two Maersk Rigs in Suriname

Jan 18, 2021

Following a conditional letter of the award signed with the French oil giant Total last November for the supply of two offshore drilling rigs in Suriname, Danish offshore drilling firm Maersk Drilling said Monday Total has firmed up the contracts…

ADNOC Cuts Short Two Shelf Drilling Rig Contracts

Jan 18, 2021

UAE-based firm ADNOC Drilling has decided on the early termination of two jack-up rig contracts with drilling contractor Shelf Drilling.Shelf Drilling, a company with one of the largest jack-up rig fleets in the world, said Monday that the customer…

Exxon Strikes Out at Hassa-1 Offshore Guyana

Jan 15, 2021

Exxon Mobil Corp said on Friday that its latest exploration well in the prolific Stabroek block off Guyana's coast did not find oil in its target area, the second setback to its drilling campaign in recent months.Exxon, which operates the Stabroek…

Dana Petroleum Terminates Maersk Drilling Rig Deal

Jan 15, 2021

Oil company Dana Petroleum has terminated a contract for the use of a Maersk Drilling rig in Denmark.The one-well contract was initially expected to start in May 2020.However, the two companies then in October 2020 said the contract start-up for the yet to be nominated rig would be deferred…

Energean Sanctions Karish North Gas Field Project. Gets $700M Loan

Jan 14, 2021

Mediterranean Sea-focused oil and gas company Energean has taken Final Investment Decision ('FID') on the Karish North gas development, offshore Israel.The gas discovery was announced in April 2019. In November 2020, DeGolyer and MacNaughton…

Total, Apache Make Another Oil Find Offshore Suriname

Jan 14, 2021

French oil giant Total and its partner Apache said Thursday they'd made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname. This follows previous offshore discoveries in the Block at Maka Central…

Current News

Spirit Energy in 5-year Agreements with Subsea 7, TechnipFMC, and DNV GL

Solstad Offshore Vessel Trio Gets Renewables, Subsea Deals

Schlumberger CEO: Stage is Set for Oil Demand Recovery

Russian Pipelaying Vessels En Route to Nord Stream 2 Work Site

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