*+-The oil drilling industry faces a wave of take-overs in the next two years as crude prices are expected to remain under $85 per barrel, said Claus Hemmingsen, chief executive of Danish Maersk Drilling, on Tuesday.
*+-In a bold move of aggression on Saturday morning, Spanish Navy rigid-hulled inflatable boats repeatedly slammed into Greenpeace protesters off the Canary Islands. The activists were protesting against an offshore drilling campaign headed up by Repsol utilizing the Rowan Renaissance drillship. In the following video released by Greenpeace, an activist suffered a broken leg as […]
*+-For the Transocean Spitsbergen and the Songa Trym, 2014 will end mid-November. Due to overcapacity in Statoil’s rig portfolio, the company has decided to take these two new rigs offline for the rest of the year and possibly into 2015, according to a statement released on Thursday. Statoil’s chief procurement officer Jon Arnt Jacobsen notes that […]
*+-For the past 70 to 80 days, a meander of the North Atlantic gyre has put offshore drilling on hold for many deepwater drilling rigs within the Green Canyon, Mississippi Canyon and Walker Ridge regions of the Gulf of Mexico. According to Matthew Cadwallader at Horizon Marine, a Marion, Massachusetts-based firm that tracks and monitors […]
*+-Platform drilling firm Archer Limited announced today that it will continue drilling operations at the Greater Ekofisk area for at least another five years as part of a contract extension awarded today by field operator ConocoPhillips. This contract extension for platform drilling slides the expiration date five years to June 30, 2020. The original contract was […]
*+-ST PETERSBURG, Russia/OSLO, May 24 (Reuters) – Russia’s Rosneft could buy a controlling stake in the world’s largest offshore driller, Norway’s Seadrill, after saying it was in talks to acquire a significant stake in Seadrill subsidiary North Atlantic Drilling. The announcement comes as Rosneft and North Atlantic Drilling signed a cooperation agreement on Saturday, one […]