Oil and gas firm Ithaca Energy has extended the stay of Prosafe’s Safe Caledonia accommodation rig at the Captain field in the U.K. sector of the North Sea.Ithaca has exercised a further seven weeks of options for the Safe Caledonia, extending its stay through to early February 2026…
Offshore drilling contractor Odfjell Drilling has signed a $480 million deal to acquire Deepsea Bollsta semi-submersible drilling rig from Northern Ocean, while securing also securing a job for its Deepsea Aberdeen rig.Deepsea Bollsta has been…
ConocoPhillips Australia has confirmed a natural gas discovery at its Essington-1 exploration well in the Otway Basin, marking the first find in the basin since 2021.The well, located in permit VIC/P79 about 53 km offshore Port Campbell and 12 km from existing production infrastructure…
Vår Energi has confirmed its Zagato oil discovery in the Barents Sea following successful results from appraisal well 7122/8-4 S, drilled just north of the Goliat field.The well, located in production license 229, about 90 kilometers from Hammerfest…
Offshore drilling contractor Northern Ocean and oil and gas firm Rhino Resources have signed a contract extension for Deepsea Mira semi-submersible drilling rig for work offshore Namibia.The contract for Deepsea Mira with Rhino Resources, signed in July 2025…
As oil exploration and production goes, so goes the market for Offshore Service Vessels (OSVs) and Platform Supply Vessels (PSVs). Throughout 2025, the prices of oil- which drives exploration and production (E & P), have softened, moving down…
Odfjell Oceanwind has been granted Basic Design Approval (BDA) from DNV for the Deepsea Star floating offshore wind design.The BDA covers the use of Siemens Gamesa’s SG DD-236 15 MW wind turbine generator in a wide range of conditions, including…
Equinor and its partners have drilled a dry well in the Snorre area in the North Sea, offshore Norway.The wildcat well 34/6-9 S, or Avbitertang, was drilled in production license 554, 35 kilometers northeast of the Snorre field and 125 kilometers west of Florø…
Offshore drilling contractor Dolphin Drilling is seeking to recover $105 million awarded in arbitration against Nigeria’s General Hydrocarbons Limited (GHL), after the country’s debt recovery agency appointed a receiver to take control of the company…
Aker BP and its partners have drilled a well in the Yggdrasil area in the North Sea, which proved to be dry.The well 30/11-16 S, or ‘Natrudstilen’, was drilled in production license 873, just over one kilometer east of Fulla and 155 kilometers west of Bergen…
The Norwegian Offshore Directorate has granted Equinor a drilling permit for a wildcat well in the Barents Sea.The permit is for a wellbore 7220/7-5 in production license 532, operated by Equinor with 46.3% working interest.Equinor’s partners in the license are Vår Energi with 30%…
Aker BP is already using AI to shape the future of its subsea infrastructure integrity management. The company plans to more than double its subsea infrastructure by 2027 and is moving toward a new operational paradigm.“Our vision is to deliver…
Seadrill Limited announced its third quarter 2025 results.Quarterly Highlights:Secured contract awards across five rigs, adding over $300 million to Order Backlog.West Gemini, Sonangol Libongos and Sonangol Quenguela secured an estimated 1,000 days of incremental work in Angola…
Borr Drilling has announced unaudited results for the nine months ended September 30, reporting total operating revenues of $277.1 million, an increase of $9.4 million or 4% compared to the second quarter of 2025.Net income of $27.8 million was a decrease of $7…
ADNOC Drilling said on Wednesday it would buy an 80% stake in regional drilling and oilfield services provider MB Petroleum Services for an enterprise value of $204 million (749 million dirhams), marking a further expansion in the Gulf.The deal…
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