Singaporean conglomerate Keppel Corp said on Tuesday it had identified assets worth S$17.5 billion ($12.8 billion) that could potentially be monetized, including through sales, and started a review of its loss-making offshore and marine (O&M) business…
Thai offshore service provider Mermaid Maritime has completed the previously proposed exit from Asia Offshore Drilling, a joint venture firm with drilling contractor Seadrill.Earlier this month, Mermaid said it would exercise its put option and sell its 33…
Australian oil and gas operator Woodside has signed a contract with Norway's drilling equipment firm Enhanced Drilling to equip its Senegal-bound drillships with EC-Drill controlled mud level system.In Senegal, Woodside is working to bring online Senegal's first offshore oil development Sangomar…
Bahamas Petroleum Company (BPC) expects to spud its maiden well offshore The Bahamas called Perseverance #1, in December 2020, using the Stena IceMAX drillship.BPC in May signed a drilling contract with Stena Drilling for a sixth-generation drilling rig…
Brazilian oil firm Petrobras has awarded Singapore's POSH two long term charters for the semi-submersible accommodation vessels POSH Arcadia and POSH Xanadu.The offshore accommodation rigs will be used for maintenance and accommodation support…
Three Norwegian labor unions agreed on a wage deal with the owners of floating offshore oil rigs, preventing a strike that could eventually have halted the exploration for new oil and gas reserves, the unions, and companies said in separate statements on Thursday…
Offshore drilling contractor Seadrill said Thursday its Brazilian subsidiary had been served with a search and seizure warrant in relation to a bribery investigation.'Seadrill Limited confirms that today its subsidiary Seadrill Serviços de Petroleo…
Oil rig operator Borr Drilling Ltd has agreed with lenders to postpone the deadline for repayment of some of its debt, and aims to raise capital through equity as it seeks to overcome a demand slump, the company said late Tuesday.Borr, which is dual-listed in Oslo and New York…
Spanish oil firm Repsol has awarded a drilling contract to offshore drilling contractor Stena Drilling for a drilling campaign in Mexico.Stena Drilling said Monday that it had signed a contract with Repsol after a competitive tender exercise…
Norwegian oil company Aker BP has signed a drilling contract with Odfjell Drilling.The contract is for the use of Odfjell Drilling's 2010-built Deepsea Stavanger semi-submersible drilling rig.The rig is currently employed by the French oil major Total in South Africa on a $438…
Oil major BP has secured final approvals required to start drilling at its Ironbark-1 offshore well in exploration permit WA359-P in W. Australia, around 170 km offshore from Karratha.The Well Operations Management Plan and the Safety Case for…
Gulf Marine Services, a provider of jack-up service vessels for the offshore energy industry, has received a letter from Seafox, a rival, and a holder of 29.9% of shares in GMS, seeking removal of four of GMS' directors from the board.To remind…
Oil major BP has terminated the contract for Odfjell Drilling's Deepsea Aberdeen semi-submersible drilling rig that was due to end in April 2022, the drilling contractor said Monday. Under the contract terms, BP will pay Odfjell Drilling an…
Danish offshore drilling company Maersk Drilling has set a target to cut the intensity of CO2 emissions from its drilling operations by 50% by 2030. Jørn Madsen, CEO of the company which leased drilling rigs to oil companies said:'Climate change…
A fire broke out earlier this week on a fast rescue craft aboard the Siem Diamond offshore support vessel in the Atlantic Ocean, east of St. John's Canada.According to the C-NLOPB, the offshore oil and gas safety body for the Newfoundland and Labrador area…
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