Sonadrill, Seadrill's 50:50 joint venture with an affiliate of Sonangol, has secured a 12-well extension in Angola for the Libongos drillship at $402,500 per day.The total contract value for the firm part of the deal is around $327 million, inclusive of additional services…
French seismic data firm CGG said Monday that its Sensing & Monitoring division Sercel had completed the acquisition of ION Geophysical Corporation’s (“ION”) software business.ION's software business includes Orca: a navigation system dedicated to streamers…
Denmark-based offshore wind developer Ørsted and ATP, Denmark’s largest institutional investor, which want to build an energy island offshore Denmark have signed an agreement with digital infrastructure and connectivity player GlobalConnect…
Norwegian oil and gas company Equinor has terminated a $428 million drilling contract with drilling firm Valaris for the Valaris DS-11 drillship.The drillship, stacked in Las Palmas, Spain, was supposed to start the contract in July 2024 and stay on the contract until December 2027…
Offshore drilling company Seadrill has secured contracts for two of its drilling rigs, the West Neptune and the Sevan Louisiana in the U.S. Gulf of Mexico. The contracts are worth $105 million in total.The West Neptune, a 6th generation ultra-deepwater drillship…
Offshore drilling firm Sonadrill, a 50:50 joint venture between Seadrill and an affiliate of Sonangol, has secured a ten-well contract with options for up to eight additional wells in Angola for the West Gemini drillship.The total contract value…
Oslo-listed drilling contractor Northern Ocean on Thursday said Thursday that it would change the names of its two semi-submersible drilling rigs West Bollsta and West Mira.The two 6th generation offshore drilling rigs, used for drilling operations offshore Norway…
French oil major TotalEnergies said Thursday it wouldn't sanction the North Platte deepwater project in the U.S. Gulf of Mexico and that it would withdraw from it. Equinor said it was disappointed with the decision, but that it would move forward with the development…
Partners Group, a global private markets firm, has agreed, on behalf of its clients, to buy North Star, a UK-based operator of emergency response and rescue vessels, which has recently also dived into the offshore wind sector with several orders…
Energy company Kistos has spudded the Q11-B appraisal well offshore the Netherlands using Borr Drilling's Prospector-1 jack-up drilling rig.Kistos, the operator of the block containing the well, said that the Q11-B appraisal well would take a minimum of 6 weeks to drill and test…
Swedish oil and gas company Lundin Energy has drilled a dry well at the Dovregubben prospect in the North Sea, offshore Norway.The exploration well 17/8-1 was drilled about 70 kilometers southeast of the Johan Sverdrup field in the North Sea and 140 kilometers southwest of Stavanger…
Britain faces a fossil fuel dilemma: it can burnish its green credentials by halting new oil and gas development in the North Sea, yet doing so will leave it more reliant on imported fuel.How Britain charts a course to achieve net-zero emissions…
There are tentative signs of the start of a renewal in the work class ROV fleet. But what form will it take?The work class ROV (WCROV) market has taken something of a battering over the past few years. The 2014 downturn and then a pandemic has…
UK North Sea focused oil and gas company Deltic Energy has entered into a binding, conditional farm-out agreement in relation to five of its gas licences in the Southern North Sea with Cairn Energy.Cairn will acquire a 60% interest in each of…
Integrated logistics and materials management firm ASCO has won a contract with Petrofac to provide logistics and supply base services for Phase One of IOG's development project in the Southern North Sea (SNS).Petrofac, as Well Operator for IOGs’ development of the Southwark…
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