Offshore Drilling News - page 10

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…

Dolphin Drilling names HSEQ Director

Apr 24, 2020

Offshore drilling contractor Dolphin Drilling has appointed Marianne Leiknes Ulriksen in the new role of Director HSEQ.Joining the company from PSW Group, she will be reporting directly to CEO Bjørnar Iversen, who made the announcement of the HSEQ Director appointment via social media…

Neptune Drills Duster in Norwegian Sea

Apr 24, 2020

Oil and gas company Neptune Energy has failed to find hydrocarbons at its offshore exploration well 6507/8-10 S in the Norwegian Sea.The well - known as the Grind prospect - was drilled about 10 kilometers east of the Heidrun field in the Norwegian Sea and 215 kilometers west of Brønnøysund…

Valaris Hit with Slew of Rig Deal Cancellations

Apr 23, 2020

Offshore drilling contractor Valaris has been hit with a slew of contract terminations, and dayrate and term reductions, its rig quarterly fleet status update released on Wednesday shows.The news of contract terminations comes as no surprise…

Keppel Delivers New Jack-Up Drilling Rig to Borr Drilling

Apr 23, 2020

Singapore-based offshore drilling rig builder Keppel Offshore & Marine has delivered a newbuild jack-up drilling rig to Norway's Borr Drilling.The rig, named Hild, was built to Keppel's KFELS Super B Class design. The Hild is the sixth jack-up that Keppel has delivered to Borr Drilling…

No Blanket Royalty Waiver for U.S. Offshore Oil Industry

Apr 23, 2020

The Trump administration will not make a broad cut to the royalty rate oil and gas companies must pay on their offshore drilling operations despite a historic oil price collapse that has put the industry in crisis, a Gulf Coast lawmaker briefed on the matter told Reuters on Wednesday…

Chevron Barred from Drilling, Transporting Oil in Venezuela

Apr 23, 2020

Chevron Corp has been banned from drilling or transporting oil in Venezuela and its assets there are 'mothballed' as the Trump administration cracks down on money going to the government of socialist President Nicolas Maduro, a senior U.S. official said on Wednesday…

Saipem Unable to Offer Guidance after Coronavirus, Oil Collapse

Apr 23, 2020

Italian oil services group Saipem said on Thursday it could not offer new guidance for the year because of the highly unstable environment created by the COVID-19 pandemic and falling oil prices.Last week the group pulled its 2020 outlook saying…

Jadestone Delays Stag, Montara Drilling

Apr 22, 2020

After recently delaying projects in Vietnam, London-listed oil company Jadestone Energy has decided to postpone infill drilling programs at its Stag and Montara offshore fields in Australia, in a move to reduce cash spending due to the oil price rout…

Valaris to Explore Bankruptcy With Its Creditors

Apr 21, 2020

Offshore oil driller Valaris PLC is preparing to start talks with creditors to see if they can agree on terms for a possible bankruptcy filing, as it grapples with a $6.5 billion debt burden and an unprecedented plunge in U.S. crude prices, people familiar with the matter said on Tuesday…

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…

Down But Not Out – High Impact Drilling to Fall up to 35% in 2020

Apr 21, 2020

Following the double whammy of the collapse in the oil price and the COVID-19 pandemic, exploration plans are being redrawn and the well count is expected to drop by as much as 35% on 2019 levels.At the start of the year, the high impact well…

TGS Wraps Russian Far East Offshore Data Work

Apr 21, 2020

Norwegian multi-client offshore seismic data firm TGS has completed the reprocessing of a 21,631-square kilometer regional 2D seismic survey offshore Sakhalin Island, in the Russian Sea of Okhotsk.TGS, a provider of offshore data to exploration & production (E&P) companies…

What Did Scientists Learn from Deepwater Horizon?

Apr 20, 2020

April 20, 2020, marks the tenth anniversary of the Deepwater Horizon rig explosion, the offshore oil industry's biggest environmental disaster.Eleven people died, 17 others were injured, Transocean's drilling rig sank, and an incident caused more than four million barrels of oil to spill into the U…

Norwegian Supreme Court to Hear Lawsuit Against Arctic Drilling

Apr 20, 2020

Norway's supreme court will hear a lawsuit opposing the country's Arctic oil exploration brought by Greenpeace and other environmental groups, it said on Monday, in a landmark case for Western Europe's largest oil and gas producer.The environmental…

Current News

Noble Corp: New Rig Deals in UK, Extensions in Qatar and Suriname, Cancellation in Vietnam

Gibdock Repairs Shearwater Duo

Hermitage Offshore Services Gets a Short Breather from Creditors

Norway-linked Firms Might Bid for Petrobras' Golfinho Field Offshore Brazil

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