Norwegian company Equinor has become the third major fossil fuel producer to abandon plans to drill for oil in the Great Australian Bight, after years of work. Previously, BP and Chevron canceled their drilling plans in the area, in 2016, and 2017 respectively…
Offshore geotechnical engineering and drilling company Geoquip Marine has announced the conclusion of an extensive conversion and upgrade to its most recently acquired multipurpose geotechnical vessel, the Geoquip Speer, making it suitable for international DP operations…
Tendeka has appointed a new business development manager for South America as the company increases its support for oil and gas operators in the region.Renato Barbedo will work with operators across the continent to deploy Tendeka’s broad range of products and technologies…
Despite a string of good-news messages in recent weeks, the price of oil continued its weeklong slide on Monday, taking with it many of Norway’s oil-focused stocks.A large swathe of listed offshore suppliers and energy companies took a pounding…
Weekly U.S. offshore drilling rig count dipped last week, but the overall rig count rose, by one unit.According to Baker Hughes' Rig Count report released Friday, U.S. Rig Count was up 1 rig from the previous week to 791, with oil rigs up 1 to 679…
UK-based company Survivex is set to open what it describes as a new training center of excellence for drilling and well control in Aberdeen.The center is aimed at training drilling and well control personnel in the onshore and offshore oil and gas industry…
Greenpeace and its partners on Monday asked Norway's supreme court to rule on the legality of the country's Arctic oil and gas exploration licenses, in a case that could block the petroleum industry's expansion plans. If the supreme court takes up the case…
Turkish President Tayyip Erdogan has reportedly confirmed that the country, through its national oil company TPAO, has expanded its offshore drilling fleet with another drillship.TPAO has been using its two drillships the Fatih and the Yavuz – bought in 2017…
OMV Norway has applied for an environmental permit to drill the Hades appraisal well in the Norwegian Sea about 280 kilometers north of Kristiansund.The subsidiary of Austria's OMV plans to use the Island Innovator semi-submersible drilling…
Offshore drilling company Valaris on Thursday posted a net loss of $216 million for the fourth quarter of 2019, compared to a loss of $197 million in the third quarter of 2019. According to its CEO, more losses are to be expected in 2020.Valaris' fourth-quarter revenues fell to $512 million…
Oil company Canadian Overseas Petroleum Limited (COPL) has borrowed CAD$200,000 from its CEO Arthur Millholland. The company said the loan would help it „progress“ OPL 226 project offshore Nigeria.In a statement on Friday, COPL explained it…
Arabian Drilling Company has tapped the German industrial giant Siemens to modernize a complete and integrated drilling-drives lineup, including auxiliaries and controls, that will be installed on an offshore jack-up drilling rig for a customer in the Middle East…
On the surface, in-well surveillance and monitoring seems like an obvious and beneficial thing to do. Learning about what’s happening in wells can mean operators can make them produce more, change injection or gas-lift, methodologies, unlock shut-in wells…
Offshore drilling company Noble Corp. has announced that Julie J. Robertson will resign as President and Chief Executive Officer of the company at the next annual general meeting. She will take on the newly created role of executive Chairman of the Company's Board of Directors…
In another sign of improving deepwater market conditions, drillship day rates are on-the-rise from Canada to China, judging by a new report by numbers crunchers, Rystad Energy. Although not the only deepwater floaters, drillships are still on order at Asian shipyards…
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