UK-based drilling contractor Awilco Drilling has been awarded a contract by Petrofac Facilities Management for its 1982-built semi-submersible drilling rig WilPhoenix.According to the offshore drilling contractor, the contract was signed for…
Norwegian offshore suppliers on Monday endured a perfect storm of economic shockwaves after the oil price collapsed 30 percent over the weekend and sent oil stocks plummeting en masse in a way not seen for two decades.By around midday in Oslo…
Jack-up drilling leasing company Shelf Drilling has won a contract extension for one of its offshore drilling units in Egypt.The drilling contractor said Monday it had won a one-year contract extension for the Trident 16 jack-up rig. The contract…
Equinor has received regulatory approval to use the Deepsea Atlantic offshore drilling unit for operations at Tordis and Vigdis fields in the North Sea, offshore Norway.The Petroleum Safety Authority said Friday that the drilling and completion operations…
There were 270 offshore drilling rigs in the world actively drilling for oil and gas in February 2020, a slight increase compared to January 2020 (at 268), but also a slight dip versus February 2019 (at 272). This is according to Baker Hughes' February rig counts…
Swiss bank UBS won't fund new offshore oil and gas projects in the Arctic, and will 'enhance due diligence' on some deepwater drilling projects.In a statement on Thursday, UBS said it had, in 2019, reduced carbon-related assets on its balance sheet to USD 1…
Large Diameter Drilling (LDD) and Barge Master have completed what the companies claim to be 'a world first' - drilling from a diving support and construction vessel (DSCV) in water deeper than 270 meters.The two companies deployed LDD’s reverse…
Equinor, with its partners Shell and Total, has completed the drilling of confirmation well 31/5-7 Eos south of the Troll field in the North Sea. The purpose was to determine the suitability of the reservoir in the Johansen formation for CO₂ storage…
Offshore drilling contractor ARO Drilling has deployed IFS Applications on 16 of its offshore drilling rigs. IFS, a software solutions company, said in a statement its applications helped ARO „to unify mission-critical business processes across…
The Norwegian energy company Equinor has received a regulatory consent to use the Topaz modular drilling rig at the Heimdal field in the North Sea, offshore Norway. More specifically, the Petroleum Safety Authority Norway has given its approval for the Equinor to install…
Australian oil and gas company Santos will not be farming into Melbana Energy's Beehive prospect sitting in the shallow waters in the Bonaparte Basin off W. Australia.Santos had an option to acquire an 80 percent interest in the offshore block in exchange for drilling costs of one exploration well…
Somalia has agreed an initial roadmap with a Shell/Exxon joint venture to explore and develop potential offshore oil and gas reserves, the Ministry of Petroleum and Mineral Resources said on Monday.'I am delighted we have agreed an initial roadmap with the Shell/Exxon joint venture…
Tower Resources has found a farm-in partner for its Thali block offshore Cameroon. The company on Monday said it had executed binding heads of terms for a farm-out of a Thali block share with OilLR Pty Ltd. The farm-out covers US$7.5 million…
Offshore energy stocks, about 34 of them, soared in value on Monday, as investors ignored corona-virus fears and heeded instead a number of U.S. and Norwegian market reports.Shares in Northern Drilling soared 31.48 percent by mid-morning in Oslo (before settling 12 percent up)…
Danish offshore drilling contractor Maersk Drilling has secured a one-well contract for the semi-submersible rig Maersk Discoverer offshore Egypt with an unnamed client.The contract has an estimated duration of 21 days and is expected to start in March 2020…
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