Equinor and Exxon Mobil Corp have taken the first steps to expand an $8 billion oil development off Brazil's coast, the Norwegian oil producer told Reuters.The firms want to boost future production from the Bacalhau oil field, Equinor's largest project outside of Norway with more than 1 billion barrels of oil, the company said.A second drilling rig and a second floating production platform are being considered for the next phase along with a more than 100-mile-long gas pipeline…
Offshore drilling company Vantage Drilling International reported a net loss attributable to controlling interest of about $14.9 million in the first quarter of 2022.For comparison, in the first quarter of last year, Vantage Drilling's net loss attributable to controlling interest was $36…
Norwegian oil and gas company Equinor has awarded further work to Odfjell Drilling's Deepsea Stavanger offshore drilling rig.The extension was awarded under the continued optionality mechanism in the contract entered into by the two companies in May 2021…
Tendering activity for jack-up drilling rigs continues to improve, especially in the past two months, with global utilization expected to hit pre-pandemic levels in 2022.This is according to David Mullen, CEO of shallow-water oil and gas drilling rig contractor Shelf Drilling…
Namibia on Thursday launched a sovereign wealth fund, months after oil discoveries by TotalEnergies and Shell off its coast.President Hage Geingob said at the launch the Welwitschia Fund would get an initial injection of 262 million Namibian dollars ($16…
Norwegian offshore drilling contractor Odfjell Drilling will take over the management of the SFL-owned West Hercules semi-submersible drilling rig from rival Seadrill.Odfjell Drilling said Thursday it had signed a deal with SFL Corporation to…
Valaris' MS-1 semi-submersible drilling rig, currently anchored in the Dampier outer harbor in Australia, is on schedule to start tow to the Western Gas' Sasanof-1 location on Monday, May 16, 2022, the oil and gas company said Thursday. 'Western…
Norwegian oil company Aker BP has drilled a dry well in the production licence 685, in the Norwegian section of the North Sea, according to the Norwegian Petroleum Directorate.The NPD said Thursday that Aker BP had concluded the drilling of wildcat well 35/4-3…
Shareholders of offshore drilling company Noble Corporation have approved the company's proposed plan to merge with the Danish offshore drilling firm Maersk Drilling.'...at the Extraordinary General Meeting of shareholders held today, shareholders…
The Norwegian offshore oil and gas safety body PSA Norway has launched an investigation into a lifting incident that happened on the Deepsea Atlantic offshore drilling rig on Sunday, May 8. 'While hoisting a 32-tonne slip joint from a vessel to Deepsea Atlantic…
Offshore construction firm Lamprell said Tuesday it was engaged with an international rig operator for major upgrade work on three jack-up drilling rigs in readiness for their deployment in the Gulf region.The first of the rigs will arrive at Lamprell's Hamriyah quayside this month…
SapuraOMV has started drilling at the Kanga-1 well in the WA-412-P offshore license in Western Australia, Finder Energy, a partner in the project said Tuesday.The well is located in the Dampier Sub-basin, around 20 km east of the Mutineer/Exeter and Fletcher/Finucane oil fields…
Australian oil and gas company Karoon Energy has extended the contract for the use of Maersk Drilling's Maersk Developer semi-submersible drilling rig offshore Brazil.Karoon Energy has exercised its option to add the drilling of up to two wells…
Offshore drilling contractors Noble Corporation and Maersk Drilling are making progress with regards to the completion of their proposed merger transaction, as the UK Competition and Markets Authority said Monday it might accept the two companies' proposed solution to alleviate competition concerns…
Harsh environment offshore drilling services provider Dolphin Drilling has appointed Michael Boyd to the role of VP of Marketing, as the firm eyes further growth and boosts its presence in the North Sea market.Boyd, who first joined Dolphin…
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