Transocean, the world's largest offshore drilling contractor, said that its total contract drilling revenues were $792 million (total adjusted contract drilling revenues of $839 million), compared with $784 million in the third quarter of 2019…
Dolphin Drilling will establish its international headquarters in Aberdeen, showing its commitment to the North Sea at a time of increasing optimism for the drilling industry, the offshore drilling contractor announced on Friday.The company…
Norway-based Songa Bulk AS, an investment vehicle established to invest in dry bulk assets, has made an agreement to merge with company Axxis Geo Solutions (AGS).Per deal, Songa Bulk will assume the assets, rights and obligations of the Houston…
Rising oil prices are proving the fountain of youth for aging rig fleets, and the resultant surge in rig relevance is stirring financiers to find new ways of hanging on to rig revenues.There’s no better example of the new finance fondness for…
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…
Statoil's 2017 three-well UK North Sea drilling campaign has resulted in a discovery in the Verbier well, but leaves behind two disappointments, the firm reports today. On Verbier, after initial disappointing results in the target formation…
2017 is set to be a record year for exploration in the Barents Sea, with one prospect in particular getting most of the attention. Edison Investment Research’s Elaine Reynolds explores the scene. Tapping Korpfjell: the Songa Enabler…
Transocean is taking a US$1.4 billion impairment in Q3 2017 following the drilling contractor’s decision to scrap five ultra deepwater floaters, and one deepwater rig. The Sedco Express ultra deepwater floater will be scrapped…
Statoil has said it has made a small, but non-commercial gas discovery in its much anticipated Korpfjell well in the Barents Sea. The well is the first exploration well drilled in the Norwegian section of a formerly disputed area between Norway and Russia…
Statoil and partners OMV and Petoro have made a non-commercial gas discovery in the Gemini North well, northeast of the Wisting discovery in the Barents Sea. The well found a small amount of oil. The well was drilled in license PL 855…
Statoil has received the green light from the Norwegian Petroleum Directorate (NPD) for a drilling permit for the Koigen Central wildcat (well 7317/9-1) in the Barents Sea. Map of 7317/9-1, Koigen Central…
Norway’s Petroleum Safety Authority (PSA) has given Statoil the go-ahead to drill the Gemini Nord exploration well in the Barents Sea. Statoil will use the Songa Enabler semisubmersible to drill Well 7325/4-1 well in the Hoop area approximately 275km from Nordkapp and 200km from Bjørnøya…
The Norwegian Petroleum Directorate (NPD) on Wednesday granted Statoil Petroleum AS the exploration drilling permit for the Kayak prospect in the Barents Sea. Statoil will use the Songa Enabler to drill wildcat well 7219/9-2 in production license 532…
The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum a drilling permit for well 7121/8-1, named Blåmann in the Barents Sea. Well 7121/8-1 will be drilled from the Songa Enabler drilling facility, after completing the…
Statoil has received consent from Norway’s Petroleum Safety Authority (PSA) to drill exploration well 7121/8-1 named Blåmann in the Barents Sea, with the possibility of a sidetrack well. Blåmann is in production license 849, around 113km northwest of Hammerfest and 25km from Goliat…
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