Offshore Drillers Face New Round of Bankruptcies
By Liz Hampton and Nerijus Adomaitis DENVER/OSLO, June 24 (Reuters) – The companies that operate offshore drilling rigs for major oil producers face 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
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by Daren Butler (Reuters) – Libya’s internationally recognized government and Turkey have signed an agreement on maritime boundaries in the
Deepwater drilling contractor Transocean says it has deployed that world’s first hybrid battery system on floating drilling rig to supplement power needs
Offshore drilling contractor Seadrill has announced a contract award from an undisclosed customer for its ultra-deepwater drillship West Gemini in West Africa.
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
By Jennifer A. Dlouhy (Bloomberg) — The Trump administration is poised to relax offshore drilling requirements imposed in response to the
by Carlyann Edwards (Bloomberg) More than half the registered voters in Republican-controlled South Carolina supported Donald Trump in a poll last month, but
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
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
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
Norwegian energy giant Equinor has signed an agreement to acquire Chevron’s 40% operated interest in the Rosebank project, one of the largest undeveloped
By Amy Stillman (Bloomberg) — Mexico’s oil auction winners BHP Billiton Ltd and DEA Deutsche Erdoel AG are hopeful that the slowdown in bid rounds is a
WASHINGTON, Sept 27 (Reuters) – The Trump administration on Thursday eased safety rules on offshore oil and gas production put in place after the deadly
By David Wethe (Bloomberg) — Deep-sea oil drillers are once again riding the wave of investor enthusiasm that next year will be better for
Norwegian energy giant Equinor announced today it has awarded Transocean a six-well contract on the Norwegian continental shelf (NCS) for the newbuild harsh
By Mikael Holter (Bloomberg) — Tor Olav Troim, who took advantage of a brutal downturn to build Borr Drilling Ltd. from scratch into a $2.3 billion
By Nerijus Adomaitis (Reuters) – Drilling rig contractor Maersk Drilling will provide strong competition for its peers when it is spun off from the
By Henry Goldman (Bloomberg) — New York Governor Andrew Cuomo vowed to enlist a “citizens fleet” of leisure boats and fishing vessels to block any
By Liz Hampton HOUSTON, May 3 (Reuters) – At BP’s massive Thunder Horse oil platform in the U.S. Gulf of Mexico, a dog-sized robot called Maggie
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