Offshore drilling contractors Noble Corporation and Pacific Drilling will combine in an all-stock transaction that will see Noble will acquire Pacific Drilling. A definitive merger agreement was unanimously approved by...

Norwegian energy company Equinor has announced a new oil discovery at a well near the Johan Castberg field in the Barents Sea. Equinor and its partners Vår Energi and Petoro...

OSLO, Jan 21 (Reuters) – Norway is proceeding with plans to award oil and gas exploration permits in frontier regions of the Arctic later this year, Oil and Energy Minister...

NYSE-listed offshore drilling contractor Pacific Drilling has filed for Chapter 11 bankruptcy in an effort to restructure $1.1 billion in bond debt. It’s the second time in three years the...

NEWPORT NEWS, Va., Sept 25 (Reuters) – U.S. President Donald Trump said on Friday he had extended a ban until 2032 on oil drilling off the coast of North Carolina...

(Bloomberg) – President Donald Trump helped to clinch an unprecedented deal among the world’s largest crude producers, but the pact hasn’t stopped America’s oil industry from bleeding. “Offshore drilling is structurally...

Activists on board the Greenpeace ship Esperanza have discovered a large methane leak located in the British exclusive economic zone in the North Sea. Using a Remotely Operated Underwater Vehicle,...

By Paul Burkhardt (Bloomberg) –Total SA has deployed a rig to South Africa to look for more oil near a massive discovery, in a rare example of exploration in a...

By Liz Hampton and Nerijus Adomaitis DENVER/OSLO, June 24 (Reuters) – The companies that operate offshore drilling rigs for major oil producers face a second wave of bankruptcies in four...

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by Daren Butler (Reuters) – Libya’s internationally recognized government and Turkey have signed an agreement on maritime boundaries in the Mediterranean Sea that could complicate Ankara’s disputes over energy exploration...

Deepwater drilling contractor Transocean says it has deployed that world’s first hybrid battery system on floating drilling rig to supplement power needs during drilling operations. They hybrid energy storage system...

Offshore drilling contractor Seadrill has announced a contract award from an undisclosed customer for its ultra-deepwater drillship West Gemini in West Africa. The nine-well contract includes three options, each for...

By Paul Burkhardt (Bloomberg) — Royal Dutch Shell Plc is planning to acquire an oil-block stake in a second deal in South Africa’s relatively unexplored waters, months after a major...

By Jennifer A. Dlouhy (Bloomberg) — The Trump administration is poised to relax offshore drilling requirements imposed in response to the Deepwater Horizon disaster that killed 11 people in 2010 and unleashed...

by Carlyann Edwards (Bloomberg) More than half the registered voters in Republican-controlled South Carolina supported Donald Trump in a poll last month, but there’s at least one area where state...

By Bate Felix and Wendell Roelf PARIS/CAPE TOWN, Jan 29 (Reuters) – Total is launching its biggest exploration campaign for years in 2019 as part of a turnaround plan that...

By Jennifer A. Dlouhy (Bloomberg) — The Trump administration is taking a major step toward allowing a first-in-a-generation seismic search for oil and gas under Atlantic waters, despite protests that...

By John Benny Oct 15 (Reuters) – Battered oil and gas drilling companies are finally seeing piecemeal signs that the prices they charge for offshore rigs are bottoming out with...

Norwegian energy giant Equinor has signed an agreement to acquire Chevron’s 40% operated interest in the Rosebank project, one of the largest undeveloped fields on the UK Continental Shelf (UKCS)....