Offshore Drilling News - page 2

 

IOG's Southwark Drilling Hits Snag as Issue Found on Jack-up Rig's Leg

Oct 11, 2021

UK-based oil and gas company IOG said Monday there had been an issue with one of the legs on the Noble Hans Deul jack-up drilling rig which recently moved to drill a well at its Southwark offshore field in the Southern North Sea.'Over recent…

Seadrill Says Its Reorganization Plan Accepted by Creditors, Shareholders

Oct 11, 2021

Offshore drilling company Seadrill said all voting classes of stakeholders accepted its reorganization plan, including all 12 credit facilities and general unsecured creditors and shareholders, labeling the result as an important step to Chapter 11 emergence…

Tailwind Wraps Drilling at Evelyn Development. First Oil in Q4, 2022

Oct 11, 2021

The UK-focused oil company Tailwind has completed the drilling of the Evelyn field development well, at the Triton Cluster on the UK North Sea.In February this year, Tailwind sanctioned the Evelyn field project in the North sea, following approval by the UK oil and gas regulator OGA…

Vår Energi Makes Discovery at Rødhette Offshore Well

Oct 11, 2021

Norwegian oil and gas company Vår Energi has made a smaller than expected discovery at the Rødhette exploration well in the North Sea, off Norway.Vår Energi's partner Longboat said Monday that the well formally named 7122/6-3 S had encountered…

US Drillers Add Oil and Gas Rigs for Fifth Week in a Row

Oct 08, 2021

U.S. energy firms this week added oil and natural gas rigs for a fifth week in a row as oil prices soared to their highest since 2014 prompting some drillers to return to the wellpad.The combined oil and gas rig count, an early indicator of future output…

Brazilian Offshore Oil Round Disappoints as Only Shell, Ecopetrol Bid

Oct 08, 2021

Brazil failed to sell off exploration and production rights in the most promising offshore oil blocks up for sale on Thursday, as its first oil auction since the start of the COVID-19 pandemic brought just 37.1 million reais ($6.7 million) into state coffers…

Norway: Lundin Drills Duster at Merckx Prospect in North Sea

Oct 08, 2021

Swedish oil company Lundin Energy has failed to find hydrocarbons at its Merckx prospect in the North Sea, offshore Norway.The Norwegian Petroleum Directorate said Friday that Lundin, as the operator of production licence 981 where the well is located…

ABS to Class Allseas' Deep Sea Mining Ship

Oct 07, 2021

Classification society ABS said it has been selected to class a former drillship that is being converted to a subsea mining vessel.The industry-first project will see Allseas’ 228-meter Vitoria 10000, now renamed Hidden Gem, equipped with a…

ExxonMobil Hikes Offshore Guyana Resource Estimate to 10 Billion Barrels, as Another Well Strikes Oil

Oct 07, 2021

U.S. oil major ExxonMobil has made yet another oil discovery in its prolific Stabroek Block, offshore Guyana, and has now increased its estimate of the discovered recoverable resource for the block to approximately 10 billion oil-equivalent barrels…

Chevron, Shell, Total Among Potential Bidders in Brazil Offshore Oil Round

Oct 07, 2021

Brazil is set to sell off exploration and production rights in dozens of offshore oil producing blocks on Thursday, in an auction that is small by local standards but will offer opportunities for majors to snap up potentially prolific assets…

Watch Out Offshore Drillers! Oil at $80 Feels a Lot Different This Time Around

Oct 07, 2021

Soaring oil prices could signal the start of an amplified offshore rig market upcycle and this time it might stick around for a while, Esgian's Teresa Wilkie writes.Last week Brent crude touched $80 per barrel for the first time in three years…

Equinor Hires COSL Offshore Drilling Rig for Statfjord Øst Wells

Oct 07, 2021

Offshore drilling firm COSL has won a four-well contract with Equinor in Norway to drill wells on Statfjord Øst field using the COSLPromoter drilling rig.The drilling will take place from the spring of 2023, and Equinor will have options to…

Seadrill Seeks to Keep Bankruptcy Control As it Aims for Ch. 11 Exit

Oct 07, 2021

Update: This article, originally published by Reuters, has been updated to include a statement by Seadrill addressing a reported inaccuracy in its lede.Offshore driller Seadrill Ltd has requested an additional four months to retain control of its bankruptcy proceeding…

Valaris Nets Charter Extension for Jack-Up Drilling Rig in Saudi Arabia

Oct 06, 2021

Offshore drilling rig company Valaris said Wednesday it had won a contract extension with ARO Drilling for Valaris JU-36 jack-up drilling unit.The rig, formerly known as Charles Rowan, is a standard duty jack-up and will stay with ARO Drilling…

Lebanon Can't Dictate Terms in Sea Border Talks, Israel's Energy Minister Says

Oct 05, 2021

Israel is ready to renew efforts to solve its dispute with Lebanon over the delineation of their territorial waters in the Mediterranean, but it will not accept that Beirut dictates the terms of the negotiation, its energy minister said on Tuesday…

Current News

Exxon to Close Two Houston-area Office Towers

Exxon to Close Two Houston-area Office Towers

US Takes Step Toward Oil and Gas Auction Off Alaska Coast Next Year

US Takes Step Toward Oil and Gas Auction Off Alaska Coast Next Year

Italian Bank Could Fund Novatek's Giant Arctic LNG 2 Project

Italian Bank Could Fund Novatek's Giant Arctic LNG 2 Project

Shell Expects Ida-hit Offshore Platform to Restart in November

Shell Expects Ida-hit Offshore Platform to Restart in November

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