offshore drilling

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

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

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

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

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

(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

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

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

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

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

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

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

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

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

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

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

(Reuters) – Guyana, one of the world’s hottest oil drilling zones, will offer 14 offshore exploration blocks under terms that

By William Mathis (Bloomberg) — The UK will soon offer new licenses to explore areas of its seabed for oil and gas, but even if the drilling is

Offshore drilling contractor Transocean says the market for offshore drilling services is clearly recovering after eight “extremely challenging”

WASHINGTON, July 15 (Reuters) – The United States on Friday applauded efforts by Lebanon and Israel seeking to reach a decision