Offshore Drilling News - page 2

 

Borr Drilling Regains NYSE Listing Compliance

Jul 03, 2020

Jack-up drilling rig specialist Borr Drilling has regained compliance with the continued listing standard on the New York Stock Exchange, avoiding delisting risk.Borr Drilling said in May it had been informed by the NYSE that the company was…

Global Offshore Rig Count in June Falls to 208. Africa Suffers the Biggest Loss

Jul 02, 2020

The global active offshore drilling rig count for June 2020 was lower by 65 units, compared to June 2019, Baker Hughes' monthly rig count report has shown.Latin America was the only region that saw its offshore rig count rise, Europe and North America saw their numbers halved…

Deepsea Stavanger Rig Sets Off to Drill for Total in South Africa

Jul 02, 2020

Odfjell Drilling's Deepsea Stavanger semi-submersible drilling rig has finally started mobilization to South Africa where it will drill Total's Luiperd well.As reported in May, Total and Odfjell Drilling agreed to keep the Deepsea Stavanger…

Asia Pacific Drilling Technology Event Delayed for 2021

Jul 02, 2020

Asia Pacific Drilling Technology Conference and Exhibition (APDT) originally scheduled for September 1-2 2020 in Yangon, Myanmar has been postponed for next year due to the COVID-19 pandemic.'Due to the ongoing global public health concerns related to COVID-19…

Safety Regulator Approves Three Drilling Projects Off Norway

Jul 02, 2020

The Norwegian offshore safety regulator PSA Norway has in the past two days approved three offshore drilling projects in the North Sea and the Norwegian Sea.On Wednesday, the PSA gave consents for ConocoPhillips' Warka and Wellesley Petroleum' Schweinsteiger exploration wells…

Eni Strikes Gas at Bashrush Well Offshore Egypt

Jul 01, 2020

Italian energy company Eni has made a gas discovery with the first exploration well in the North El Hammad license, waters of the Nile Delta, on the prospect called Bashrush.The new discovery is located in 22 meters of water depth, 11 km from…

Eni Charters Vantage Jack-Up to Drill Offshore Montenegro

Jul 01, 2020

Italian energy company Eni has chartered Vantage Drilling's Topaz Driller jack-up drilling rig for drilling operations in the Adriatic Sea, offshore Montenegro.Under the contract announced by Vantage on Tuesday, the 2009-built Topaz Driller will provide drilling services for 180 days…

Saudi Aramco Suspends Seadrill's AOD II Jack-Up Rig

Jun 30, 2020

Saudi oil giant Saudi Aramco has suspended the contract for the Seadrill co-owned jack-up drilling rig AOD II.The rig has an $89,900 a day contract with Saudi Aramco in Saudi Arabia running until April 2023. The contract was signed in April 2020…

Petronas Hires Maersk Developer Rig for Suriname Drilling

Jun 30, 2020

Malaysian oil company Petronas has hired Maersk Drilling's semi-submersible drilling rig Maersk Developer to drill in Suriname.The contract is for ar a one-well exploration campaign in Block 52 offshore Suriname. Maersk Drilling said Tuesday the contract was expected to start in Q3/Q4 2020…

CNOOC Makes 'Significant' Discovery Offshore China

Jun 29, 2020

Chinese oil and gas company CNOOC has said it has made a significant discovery of Huizhou 26-6 in the Eastern South China Sea.CNOOC on Monday said the discovery was expected to become the first mid-to-large sized condensate oil and gas field in the shallow water area of Pearl River Mouth Basin…

Dolphin Drilling Inks 3-Well LoI with Norwegian Operator

Jun 26, 2020

Offshore drilling contractor Dolphin Drilling has signed a letter of intent with an unnamed Norwegian oil company for a three-well plugging and abandonment campaign.The news was shared Friday morning by Dolphin Drilling's CEO Bjørnar Iversen…

Aker BP Secures Approval for Two Norwegian Sea Wells

Jun 25, 2020

Norwegian oil company Aker BP has secured regulatory approval from the Norwegian Petroleum Directorate to drill two wells in a block in the Norwegian Sea.Under the plan, Aker BP will drill wells 6607/12-4 and 6607/12-4 A in the production license 127 C…

Norway Plans Large Expansion of Arctic Oil Exploration

Jun 24, 2020

Norway is planning a major expansion of oil exploration in the Arctic, despite commitments to tackling global warming and opposition from environmental groups.Minister of petroleum and energy Tina Bru said on Wednesday the expansion was needed to protect jobs and generate wealth…

Offshore Drillers Facing Second Wave of Bankruptcies

Jun 24, 2020

The companies that operate offshore drilling rigs for major oil producers face a second wave of bankruptcies in four years amid a historic drop in energy prices that likely will leave surviving drillers more closely tied to big oil firms.A collapse of the offshore industry will have broad impact…

Keppel Starts Arbitration Against Awilco Drilling

Jun 23, 2020

Keppel Corporation has launched arbitration proceedings against offshore drilling company Awilco Drilling over the latter's recent move to terminate a semi-submersible rig construction contract worth about $425 million.Awilco earlier in June…

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