London-based, independent oil and gas company Tower Resources Plc has sighed with relief after the repayment of its $750,000 short term loan facility was extended to August 31 this year to enable the company finalize arrangements for the drilling…
Brazilian state-controlled oil company Petróleo Brasileiro SA said on Friday it had made a $700 million payment to oil services provider Vantage Drilling Company in a case involving a contract that it had terminated.Petrobras, as the oil company is known…
Dana Gas said it commenced drilling operations on Monday at its Merak-1 well, offshore Egypt in the hopes of finding world-class natural gas resources in a basin where several giant discoveries have been made in recent years.The location is in 755 meters of water in the North El Arish concession…
Texas-based offshore drilling contractor Vantage Drilling International reported a net loss of $52.2 million for the three months ended December 31, 2018 as compared to a net loss of $36.6 million for the three months ended December 31, 2017…
Brazilian state-run oil firm Petroleo Brasileiro SA reported its first annual profit in five years on Wednesday as it swung to a net profit in the fourth quarter, although one-time provisions and writedowns led it to miss estimates.In a securities filing…
UK-based Tower Resources has announced it has contracted US offshore driller Vantage Drilling International to provide drilling operations at the NJOM-3 well offshore Cameroon. The well is located in Tower’s 100%-owned Thali licence.The Topaz Driller is a Baker Marine Pacific Class 375 jack-up…
Brazilian federal prosecutors on Thursday charged the former chief executive of U.S. oil services company Vantage Drilling with corruption and money laundering, accusing him of offering $31 million in bribes to public officials.Federal prosecutors…
The U.S. Department of Justice (DoJ) has closed its investigation into Vantage Drilling International over Vantage’s possible violations of the Foreign Corrupt Practices Act. DoJ in a letter acknowledged Vantage’s full cooperation into the investigation…
India's Oil and Natural Gas Company (ONGC) has agreed to a three-year contract to Vantage Drilling for use of the ultra-deepwater drillship Platinum Explorer offshore India. The Platinum Explorer is due to mobilize to India in Q4 2017…
Ophir Energy has reached a final investment decision (FID) for the fourth phase of its Bualuang oil field in the Gulf of Thailand, with first oil set for next year. Operations in the Gulf of Thailand…
Vantage Drilling International has acquired the Hercules 260, a Marathon LeTourneau Class jackup drilling unit, from Hercules Offshore for an undisclosed amount, and has renamed the rig the Vantage 260. As part of the acquisition, Vantage…
Vantage Drilling has been awarded a nine-month extension for the Aquamarine Driller jackup that is operating in the Malaysia/Thailand joint development area. The jackup has been under contract with Carigali-PTTEP Operating Co. (CPOC)…
Image of Toma, from IhabToma.com. Former Schlumberger and Transocean executive Ihab Toma has been appointed as Vantage Drilling International’s next chief executive officer (CEO)…
Houston's Vantage Drilling has signed an agreement for a two-year extension of the ultra-deepwater drillship Tungsten Explorer contract. The contract, initially signed in 2013, and running from mid-2014 for two years, is now anticipated…
Houston-based Vantage Drilling’s subsidiary Offshore Group Investment Ltd. (OGIL) filed for bankruptcy last week, in a debt-for-equity deal that will result in a reduced debt of about US$1.45 billion. The Titanium Explorer…
Subscribe
