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offshore drilling

Tuesday, August 1, 2023
Transocean_enabler. Photo: Jan Arne Wold / Equinor

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: 1040

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: 2031

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: 2068

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: 2953

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: 886

Tuesday, June 13, 2023
offshore oil rig

China Drills in Deeper Waters to Cut Reliance on Foreign Oil

(Bloomberg) — A concrete expanse the size of Monaco jutting off China’s southern coastline is the imposing centerpiece in Beijing’s efforts to slow

June 13, 2023
Total Views: 2577

Monday, June 12, 2023
Seadrill drillship on the horizon

Offshore Drilling Rates Approaching $500,000 Per Day Mark

The global offshore drilling market is continuing to experience a significant rebound with rig utilization now returning pre-pandemic levels, leading to a 40%

June 12, 2023
Total Views: 4136

Thursday, May 18, 2023
offshore drilling rig brazil. Stock Photo: Shutterstock / marchello74

Brazil Blocks Drilling at Key Offshore Exploration Zone

(Bloomberg) — Brazil’s environmental authority has rejected Petrobras’s request to drill its first well at an offshore oil frontier known as the

May 18, 2023
Total Views: 2363

Wednesday, May 10, 2023
offshore oil and gas rig

Transocean Lands Latest Contract Award in Australia

Transocean Ltd., a leading offshore drilling contractor, has announced that its Transocean Equinox has been awarded a five-well contract in Australia by a

May 10, 2023
Total Views: 1478

Tuesday, May 9, 2023
Offshore oil and gas platform

The Gulf of Mexico Has a $30 Billion Unplugged Oil Well Problem

(Bloomberg) — In the roughly 160 years since Edwin Drake drilled the first US oil well in the hills of northwestern Pennsylvania, more than 4.5 million

May 9, 2023
Total Views: 5286

Tuesday, May 2, 2023
File photo of an offshore drillship

Valaris Expands Contract Backlog with New Wins and Extensions

Offshore drilling company Valaris Limited (NYSE: VAL) has announced strong first quarter results for 2023, with new contracts and extensions announced worth

May 2, 2023
Total Views: 1825

Thursday, April 13, 2023
offshore rig north sea

Guyana Delays Highly Anticipated Oil Auction to July

April 13 (Reuters) – Guyana’s closely watched auction of 14 offshore oil blocks faces a delay with the South American country

April 13, 2023
Total Views: 838

Friday, April 7, 2023
Offshore oil and gas platform

More UK North Sea Oil Workers to Start Striking This Month

By Rachel Graham (Bloomberg) — About 1,350 workers servicing North Sea oil platforms for energy majors such as BP Plc, Shell Plc and TotalEnergies SE

April 7, 2023
Total Views: 1268

Wednesday, April 5, 2023
Vantage Drilling Said to be Weighing Sale

Vantage Drilling Said to be Weighing Sale

By Rachel Butt (Bloomberg) — Vantage Drilling International is exploring strategic options including a potential sale, according to people familiar with

April 5, 2023
Total Views: 3303

Tuesday, April 4, 2023
Seadrill drillship on the horizon

Seadrill Completes Aquadrill Acquisition, Creating Leading Offshore Drilling Company

Offshore drilling company Seadrill Limited has announced the successful all-stock acquisition of Aquadrill LLC. The acquisition, valued at $958 million,

April 4, 2023
Total Views: 1226

Wednesday, March 29, 2023
offshore rig north sea

Transocean Reveals Additional Harsh Environment Contract Awards

Transocean Ltd. (NYSE: RIG) has secured additional contract fixtures for two of its harsh environment semisubmersibles in what is the latest development in the

March 29, 2023
Total Views: 1546

Tuesday, March 28, 2023
Transocean_enabler. Photo: Jan Arne Wold / Equinor

Transocean Signs Offshore Drilling Contracts with Equinor

Equinor has awarded Transocean two major offshore drilling contracts for the harsh-environment Transocean Encourage and Transocean Enabler rigs, primarily in

March 28, 2023
Total Views: 1739

Tuesday, January 3, 2023
Sembcorp Marine Delivers Second 8th Generation Drillship

Sembcorp Marine Delivers Second 8th Generation Drillship

Singaporean offshore shipbuilder Sembcorp Marine has delivered the world’s second 8th generation drillship, named Deepwater Titan, to a subsidiary of

January 3, 2023
Total Views: 1588

Friday, December 23, 2022
Seadrill drillship on the horizon

Seadrill Acquires Aquadrill in All-Stock Deal

Offshore drilling contractor Seadrill (NYSE and OSE: SDRL) has entered into a definitive agreement to acquire UK-based Aquadrill in an all-stock transaction.

December 23, 2022
Total Views: 715

Tuesday, November 15, 2022
Saipem Awarded Offshore Drilling Contracts Worth $800 Million

Saipem Awarded Offshore Drilling Contracts Worth $800 Million

Italian-based Saipem has been awarded new offshore drilling contracts in the Middle East and West Africa worth approximately $800 million. The five contracts

November 15, 2022
Total Views: 2463


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