Offshore Drilling News - page 2


Aker BP Set for New Drilling Campaign with Noble’s Jack-up Rig

Feb 19, 2024

The Norwegian Ocean Industry Authority (Havtil) has granted Aker BP consent for exploration drilling in the North Sea, which will be conducted using Noble Corporation’s Noble Integrator jack-up rig.The consent is for 24/6-5 exploration well in the North Sea at the Alvheim Deep prospect…

Equinor Gets Green Light for Exploration Well in North Sea

Feb 19, 2024

Norwegian oil and gas firm Equinor has received consent from the Norwegian Ocean Industry Authority (Havtil) for exploration drilling in North Sea offshore Norway.The consents awarded by the country’s offshore industry safety watchdog, formerly known as the Petroleum Safety Authority Norway…

Esgian Week 7 Report: Earnings Season Starts

Feb 18, 2024

Esgian has released its Week 7 Rig Analytics Market Roundup saying “The earnings season for offshore drilling contractors is officially open following Odfjell Drilling's quarterly report on Thursday. Additionally, new contract awards have been confirmed for Borr Drilling…

Equinor Drills Dry Well in North Sea

Feb 16, 2024

Norwegian energy giant Equinor has drilled a dry exploration well in the North Sea offshore Norway.The exploration well 35/11-28 in the North Sea, part of 258 C license, has proved to be dry, according to the Norwegian Offshore Directorate.The…

Transocean Collects $326M in New Drilling Rig Deals

Feb 15, 2024

Offshore drilling contractor Transocean has secured contracts for three of its drilling rigs – semi-submersible Transocean Barents and drillships Deepwater Skyros and Deepwater Invictus – worth approximately $326 million.In its quarterly fleet status report…

Dolphin Drilling Starts Operating Two Semi-Sub Rigs Acquired from Transocean

Feb 15, 2024

Oslo-listed offshore drilling firm Dolphin Drilling has concluded final transfer of ownership from Transocean and started operating two semi-submersible drilling rigs - Paul B. Loyd, Jr. and Transocean Leader.The agreement to acquire the rigs was made in June 2023…

TotalEnergies and Eni Confirm ‘Excellent Well Deliverability’ at Gas Discovery Offshore Cyprus

Feb 15, 2024

TotalEnergies and Eni, the equal partners in Block 6 offshore Cyprus, have completed the drilling and production test of the Cronos-2 appraisal well, confirming excellent deliverability and well production capacity in excess of 150 mmscfd.The…

Noble Resolute Rig on Extended Stay in North Sea

Feb 14, 2024

Offshore drilling contractor Noble Corporation has secured contract extension for its harsh-environment jack-up rig Noble Resolute in the North Sea.The contract extension for Noble Resolute comes from Petrogas E&P Netherlands, part of Oman-based Petrogas E&P…

Vår Energi Comes Up Dry in Norwegian North Sea

Feb 14, 2024

Norwegian oil and gas company Vår Energi has drilled two wells in the North Sea offshore Norway, both of which were dry.The wells 25/7-12 S and A, were drilled in production license 917, 200 kilometers northwest of Stavanger, that was awarded in 2017…

TWMA Secures $62.5 Million Sustainability Linked Bond

Feb 13, 2024

Drilling waste management company TWMA on Tuesday announced it has closed on a $62.5million Sustainability Linked Bond on the Nordic ABM in Oslo.Qualifying for a Sustainability Linked Bond required third party recognition that TWMA’s sustainability…

Island Drilling Contests Contract Termination for Island Innovator Rig

Feb 13, 2024

Island Drilling has started evaluating all legal recourse at its disposal to contest the termination of contract for its Island Innovator semi-sub rig, by Trident Energy and its partners in the Block G offshore Equatorial Guinea, deeming the claims on safety issues with the unit ‘not accurate’…

Valeura Buys Nong Yao Field’s FSO Aurora and Expands Wassana Drilling Campaign

Feb 13, 2024

Valeura Energy has bought the Nong Yao field’s FSO Aurora for $19 million, and expanded the drilling program at its Wassana field in light of favorable initial results.In a February 13 update shared by the company, Valeura said it had exercised…

Borr Drilling Secures $82M for Three Jack-up Rigs

Feb 12, 2024

Offshore drilling contractor Borr Drilling has secured contract commitments totalling 495 days and $82.2 million in revenue for three of its jack-up rigs, excluding mobilization and demobilization compensation.Firstly, BW Energy has extended…

Esgian Week 6 Report: New Contracts and a New JV

Feb 11, 2024

Esgian has released its Week 6 Rig Analytics Market Roundup saying that several new contracts have been confirmed across three major types of offshore drilling rigs and an interesting new joint venture between an operator and a rig owner has been announced…

Trident Terminates Island Innovator Rig Contract Offshore Equatorial Guinea

Feb 09, 2024

The contract for the Island Drilling’s semi-submersible Island Innovator rig has been terminated by Trident Energy due to safety concerns, putting the drilling campaign at the Block G, offshore Equatorial Guinea, on pause.The decision to terminate…

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