Offshore Drilling News

Schlumberger Profit Rises as Higher Oil Prices Drive Drilling Services Demand

Jan 21, 2022

Schlumberger NV, the world's largest oilfield services company, reported a rise in fourth-quarter profit on Friday, as higher crude and natural gas prices drove up demand for its services and equipment.Oil prices surged about 50% last year and…

Seadrill New Finance Emerges from Chapter 11. To be Renamed Paratus Energy Services

Jan 21, 2022

Offshore drilling firm Seadrill Limited's unit Seadrill New Finance (the Issuer) has emerged from chapter 11 after successfully completing its pre-packaged restructuring pursuant to its chapter 11 plan of reorganization.The Plan was confirmed…

Suriname Will Give Brazil's Petrobras Priority in Oil Exploration - Bolsonaro

Jan 21, 2022

Brazil's President Jair Bolsonaro said on Thursday that Suriname will give Brazilian state-controlled oil company Petrobras priority in the exploration of oil and gas reserves recently discovered off-shore.Bolsonaro spoke by webcast to supporters in Brazil from Paramaribo…

Baker Hughes Posts Q4 Profit as Higher Oil Prices Spur Drilling Demand

Jan 20, 2022

Baker Hughes Co on Thursday reported an adjusted quarterly profit compared with a year-ago loss, as producers took advantage of a rise in crude prices that fueled demand for oilfield service equipment.Oil prices surged more than 50% last year…

Murphy Oil Books Valaris Floater for Gulf of Mexico Wells

Jan 19, 2022

Offshore drilling contractor Valaris said Tuesday it had secured two one-well contracts with subsidiaries of Murphy Oil Corporation for its semi-submersible drilling unit Valaris DPS-5.The first contract for the 2012-built offshore drilling rig is in the U…

Chariot Completes 'Very successful' Drilling Campaign Offshore Morocco

Jan 18, 2022

Morocco-focused oil and gas company Chariot has completed its successful gas drilling operations on the Anchois gas project within the Lixus licence, offshore Morocco. Chariot, which last week announced a 'transformational' gas find at Anchois well…

Oil Prices Climb to Highest Since 2014

Jan 18, 2022

Benchmark oil prices climbed to their highest since 2014 on Tuesday as possible supply disruption after attacks in the Mideast Gulf added to an already tight supply outlook.Brent crude futures rose by $0.74, or 0.9%, to $87.22 a barrel at 1446 GMT…

Equinor Wins 26 Production Licenses Off Norway. Plans to Drill 25 Exploration Wells in 2022

Jan 18, 2022

Norwegian oil and gas firm Equinor has been awarded 26 new production licenses by Norway’s Ministry of Petroleum and Energy Award in Predefined Areas. In total, Norway has offered 28 companies ownership interests in a total of 53 offshore oil…

APA 2021: Norway Offers Offshore Acreage to 28 Oil Firms

Jan 18, 2022

Norway has offered 28 companies ownership interests in a total of 53 offshore oil and gas production licences on the Norwegian Shelf in the Awards in Predefined Areas (APA) 2021.Awards in predefined areas (APA) is an annual exploration round in the most mature areas on the Norwegian shelf…

Transocean's Offshore Drilling Rig to Drill Carbon Injection Well in Norway

Jan 18, 2022

Offshore oil and gas drilling firm Transocean said Tuesday that one of its drilling rigs would later this year be used for a not-so-typical project for an offshore oil rig.Namely, the Norwegian oil firm Equinor plans to use the Transocean Enabler…

U.S. Gulf of Mexico: 'Encouraging Result' at Winterfell-2 Offshore Well

Jan 18, 2022

The drilling of Beacon Offshore Energy's Winterfell-2 appraisal well on Block 943 in the Green Canyon area of the U.S. Gulf of Mexico has been completed with the well showing encouraging results, Kosmos Energy, a partner in the project said Tuesday…

Inpex to Drill for Gas Offshore Japan

Jan 18, 2022

Japan's biggest oil and gas explorer Inpex Corp will conduct exploratory offshore drilling off western Japan from March to July in the hope of finding natural gas, the company and a ministry of industry official said.The project, off the Yamaguchi and Shimane prefectures…

Norway: Inflation to Lead to Hefty Cost Increase in Offshore Oil and Gas Goods & Services

Jan 17, 2022

Norway, the world’s top market for subsea tie-back projects in coming years, is facing an inflation-driven cost increase of $6.5 billion on upcoming contract awards for goods and services in the offshore oil and gas industry through 2026, a Rystad Energy report reveals…

Lundin's Melstein Prospect in Norwegian Sea Comes Up Dry

Jan 17, 2022

Oil and gas company Lundin Energy has drilled a dry well at the Melstein prospect in the production licence 886, offshore Norway.The wildcat well has been drilled about 72 km east of the Ormen Lange field in the Norwegian Sea and 55 km northwest of Kristiansund…

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