Malaysia's largest oil and gas services company Sapura Energy narrowed third-quarter net losses as broader operating income more than offset losses at its drilling business.Sapura's third-quarter net loss was 31.1 million ringgit ($7.5 million)…
The oil and gas exploration company with licences in highly prospective regions in Guyana and Namibia, Eco Atlantic Oil & Gas announced its drilling plans for 2019 on the Orinduik Block, offshore Guyana.The Canadian company has confirmed that…
Switzerland-based offshore driller Transocean Ltd. announced Wednesday that it has completed the acquisition of Greek peer Ocean Rig UDW Inc.The $2.7 billion cash-and-stock deal adds nine high-specification ultra-deepwater drillships, two harsh environment semisubmersibles…
Faroe Petroleum announced Wednesday the commencement of the Cassidy exploration well 8/10-7 S in the Norwegian North Sea.The Cassidy prospect sits within the PL405 Oda licence (discovered in 2011) and is being drilled back-to-back with the production wells on the Oda structure…
Maersk Drilling A/S announced Wednesday that it has signed a Master Alliance Agreement (MAA) with Seapulse Ltd. under which Maersk Drilling will provide fully integrated services, including provision of drilling rigs, related drilling services…
Faroe Petroleum has struck a deal to swap Norwegian oil and gas assets with Equinor, in a move that could raise the price that hostile bidder DNO has to pay to secure the British energy company.While Faroe Petroleum's Chief Executive Graham…
Norway's Equinor said it intends to ramp up its use of wired drill pipe to acquire subsurface real-time data during drilling operations as it prepares for automated drilling.U.S. based firms NOV and Schlumberger have been awarded corporate frame…
EnVen Energy Corporation announced that it spud its King Crab well on Ewing Bank Block 873 in its Lobster field in the Gulf of Mexico. The King Crab well targets an oil-focused reservoir approximately 14,000 feet subsea with seismic amplitudes…
U.S. based drilling contractor Rowan Companies announced Monday that ExxonMobil has exercised the first two options for the drillship Rowan Relentless. The options will be used for operations in the U.S. Gulf of Mexico and have an expected duration of 30 days each…
Rig company Northern Drilling has appointed Scott McReaken as chief executive officer (CEO).The John Fredriksen-controlled company said in a press release that McReaken will succeed Gunnar Winther Eliassen who will continue to support the company through Seatankers Consultancy Services…
Transocean, international provider of offshore contract drilling services for oil and gas wells, has announced that its shareholders approved the acquisition of Ocean Rig UDW, by approving the proposals presented at Transocean’s Extraordinary General Meeting…
ABS awarded GE Service Provider recognition for GE’s Marine Solutions’ SeaStream Insight—a data analytics-informed solution that provides health and performance monitoring of rig equipment via a digital twin—enabling condition-based maintenance on ABS classed rigs…
The wheels of discovering and exploiting hydrocarbon resources offshore the Union of the Comoros, off Africa's east coast, may have been moving albeit slowly since 2008 when the government first invited bids for exploration of oil and gas in the Indian Ocean's volcanic archipelago…
Norwegian offshore drilling rig firm Seadrill Ltd sees the contracting rigs market improving from 2019-20, as it reported its first quarterly results on Tuesday since emerging from Chapter 11 bankruptcy in July.The company, controlled by Norwegian-born billionaire John Fredriksen…
Rolls-Royce said it has signed agreements for the supply of mooring equipment to drilling rigs under construction at Singapore’s KeppelFELS yard and China Merchants Heavy Industry’s facility in Jiangsu, China.The 12-point mooring system Rolls…