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offshore drilling

Tuesday, February 13, 2024
The Island Innovator drilling rig courtesy Island Offshore

Rig Safety Dispute Leads to Contract Termination Off Equatorial Guinea

Trident Energy and its partners Panoro Energy and Kosmos Energy have terminated the contract for the Island Innovator semi-submersible drilling rig off the

February 13, 2024
Total Views: 5750

Monday, February 12, 2024
FILE PHOTO: An oil and gas drilling platform stands offshore in the Gulf of Mexico in Dauphin Island, Alabama, U.S., October 5, 2013. REUTERS/Steve Nesius/File Photo

President Biden’s Offshore Drilling Leases Plan Faces Legal Challenges

Feb 12 (Reuters) – Oil and gas companies and environmental groups on Monday filed dueling legal challenges to the Biden

February 12, 2024
Total Views: 1667

Tuesday, February 6, 2024
The Ocean GreatWhite semi-submersible drilling rig

Diamond Offshore Semi-Submersible ‘Ocean GreatWhite’ Loses Lower Marine Riser Package

Offshore drilling contractor Diamond Offshore Drilling has confirmed an equipment failure involving its semi-submersible rig Ocean GreatWhite in the UK. The

February 6, 2024
Total Views: 6200

Thursday, December 21, 2023
offshore drillship

Valaris Acquires Two New High-Spec Drillships at Bargain Price

Valaris Limited, a leading offshore drilling contractor, has announced it has exercised its options for the delivery of two newbuild ultra-deepwater

December 21, 2023
Total Views: 3794

Sunday, December 17, 2023
Drillship West Capella with US Naval Escort

Philippines Wants To Drill The South China Sea

by Karen Lema (Reuters) – Philippine President Ferdinand Marcos Jr said his country is working to resolve “exploration issues” in

December 17, 2023
Total Views: 12584

Tuesday, December 12, 2023
Transocean Barents offshore drill rig at sea. Photo courtesy Transocean

Transocean Secures Offshore Drilling Contract in Black Sea at $465,000 Per Day

Offshore drilling contractor Transocean Ltd. (NYSE: RIG) has announced a significant contract for its harsh-environment drilling rig, Transocean Barents, in

December 12, 2023
Total Views: 4317

Tuesday, November 7, 2023
north sea oil rig

Will UK’s New Push for Oil Drilling Boost Energy Security?

(Bloomberg) — British Prime Minister Rishi Sunak will this week announce a mandate for annual auctions of new licenses for oil and gas exploration in the

November 7, 2023
Total Views: 824

Wednesday, October 18, 2023
File photo of an offshore drillship

Transocean Adds $745 Million to Contract Backlog

Transocean added $745 million to its contract backlog in the last quarter, reflecting continued demand for offshore drilling rigs. The new contracts were

October 18, 2023
Total Views: 2707

Monday, September 18, 2023
A DOF offshore vessel underway

DOF Wins $260 Million Contract Extension in Brazil

Norwegian offshore vessel owner DOF has secured three new service contracts worth over $260 million with Petrobras in Brazil. The contracts involve survey and

September 18, 2023
Total Views: 884

Thursday, September 14, 2023
Drillship Offshore Brazil

Transocean Announces $486 Million Drillship Contract in Brazil

Offshore drilling contractor Transocean has announced a three-year contract for its newbuild ultra-deepwater drillship Deepwater Aquila in Brazil. The contract

September 14, 2023
Total Views: 1166

Wednesday, August 30, 2023
File photo of an offshore drillship

Transocean Reveals $222 Million Drillship Contract in India

Offshore drilling contractor Transocean (NYSE: RIG) has announced a new $222 million contract for its drillship Dhirubhai Deepwater KG1 in India. The contract

August 30, 2023
Total Views: 2221

Tuesday, August 22, 2023
Fire boat response crews battle the blazing remnants of the off shore oil rig Deepwater Horizon April 21, 2021. U.S. Coast Guard Photo

Biden Administration Tightens Obama-Era Offshore Drilling Safety Rules Relaxed by Trump

The U.S. Department of the Interior has announced new measures to enhance worker safety and ensure offshore oil and gas operations in federal waters are

August 22, 2023
Total Views: 1863

Saturday, August 19, 2023
Offshore drilling rig photo via Shutterstock / James Jones Jr

Namibia Plans $2.1 Billion Port Expansion For Oil Developments

By Kaula Nhongo (Bloomberg) –Namibia is seeking private investment for a 40 billion Namibian dollar ($2.1 billion) port infrastructure expansion

August 19, 2023
Total Views: 4114

Monday, August 14, 2023
The Hercules drilling rig underway. Photo courtesy Odfjell Drilling

SFL Secures Offshore Drilling Contract with Equinor in Canada

SFL Corporation (NYSE: SFL) has secured a drilling contract in Canada with Equinor ASA for the semi-submersible rig Hercules, with an estimated value of $100

August 14, 2023
Total Views: 1166

Tuesday, August 8, 2023
offshore rigs Mobile offshore drilling units stand in the Port of Cromarty Firth in Cromarty, U.K.

Offshore Drillers See No New Rigs Even as Demand Nears 2019 Peak

(Bloomberg) — As the world’s biggest offshore drillers gear up for more than $500 billion in new investments in the coming years, don’t expect rig

August 8, 2023
Total Views: 1817

Tuesday, August 1, 2023
Transocean Sees Increased Demand for High-Specification Floaters Amid Offshore Market Rebound

Transocean Sees Increased Demand for High-Specification Floaters Amid Offshore Market Rebound

Offshore drilling contractor Transocean (NYSE: RIG) says it is seeing increased demand for its fleet of high-specification semi-submersible rigs and

August 1, 2023
Total Views: 1032

Monday, July 31, 2023
File photo of an offshore drillship

Valaris to Reactivate Drillship for $364 Million Contract

Offshore drilling contractor Valaris (NYSE: VAL) will active its VALARIS DS-7 drillship after receiving a 12-well contract offshore West Africa. The contract

July 31, 2023
Total Views: 1999

Tuesday, July 18, 2023

Transocean Lands $518 Million Contract for Ultra-Deepwater Drillship in Mexico

Offshore drilling contractor Transocean (NYSE: RIG) gas announced a $518 million contract for one of its ultra-deepwater drillships off Mexico. Transocean said

July 18, 2023
Total Views: 2054

Monday, July 3, 2023
offshore oil and gas rig

Oil Giants Drill Deep as Profits Trump Climate Concerns

By Ron Bousso and Nerijus Adomaitis LONDON, July 3 (Reuters) – Oil and gas companies have intensified the hunt for new deposits in a long-term

July 3, 2023
Total Views: 2949

Tuesday, June 20, 2023
Mike McCormick, Principal at Rystad Energy

High-Spec Drillships and Harsh Weather Rigs Are Dominating Deepwater Industry

by John Konrad (gCaptain) This afternoon at the Marine Money Week conference in New York, Mike McCormick, principal at Rystad Energy, offered valuable insights

June 20, 2023
Total Views: 880


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