Offshore driller Valaris (NYSE: VAL) said its “transitional period” post-Chapter 11 bankruptcy will continue into the second quarter of this year as it deals with costly rig reactivations.
More than 20 floating production storage and offloading (FPSO) vessels are currently awaiting redeployment across the globe.
Aberdeenshire-headquartered offshore services group Altera Infrastructure reported a pre-tax loss of $127 million for 2021, as vessel impairments continue to drag on performance.
Edda Wind has ordered three more commissioning service operation vessels (CSOVs), as it expands its fleet to meet growing appetite from offshore wind developers.
TotalEnergies (LSE: TTE) has picked Danish firm Maersk Drilling to carry out well intervention services in the North Sea.
Swiss-based private equity firm Partners Group is to acquire Aberdeen-headquartered North Star Group.
How close are Scotland’s ferries to running off hydrogen? Peter Ranscombe sets sail to find out.
Island Drilling has secured a new contract with services group Petrofac to conduct a workover on Tailwind Energy’s Orlando field next year.
Aker BP has agreed to book up two Maersk Drilling oil rigs for five years in a deal worth an estimated $1billion.
Following the completion of tests in Australia, Blue Ocean Seismic Services (BOSS) is preparing to carry out work in the North Sea in June.
Danish firm Maersk Drilling said today that Dana Petroleum Denmark had terminated a rig deal between the two firms.
Borr Drilling said in its new fleet status report that it had added $35.1 million over 480 days to its total backlog.
ShipFC, a frontier-busting, pioneering maritime innovation project looking to install the world’s first ammonia-powered fuel cell on a ship, has taken an important step forward with the award of a contract to the German institute Fraunhofer IMM to develop a catalytic afterburner system.
Dutch vessel contractor Boskalis is buying Rever Offshore’s subsea services business, formerly known as Bibby Offshore.
Westwood Global Energy reports that as of December 28 there was one exploration well and one appraisal well active in the UK.
Borr Drilling has hired Magnus Vaaler as its new chief financial officer, replacing Christoph Bausch with immediate effect.
The direction of travel appears clear; around a quarter of the current offshore floater rig fleet - ships and semi-submersibles - will be sent to the scrapyard near-term.
Westwood Global Energy reports that as of December 2 there was one exploration well active in the UK. So far in 2020, four exploration wells have completed. At the time of writing, the first appraisal well of the year was preparing to spud.
A new layer has been added to the bitter feud between Awilco Drilling and rig builder Keppel FELS, with a second arbitration process on the cards.
Floating production vessel contractor Altera Infrastructure is relocating its headquarters from Bermuda to its premises in Westhill, near Aberdeen.
Independent Oil and Gas (IOG) has awarded the rig contract for phase one of its core project to Noble Corporation.
Seven Nigerian men detained after British special services stormed an oil tanker off the Isle of Wight have been bailed, police said.
Use of offshore drilling rigs globally has seen the largest monthly drop in 20 years, according to analysis from Rystad Energy.
Crew members on an oil vessel in Cromarty Firth are isolating after a colleague who remains on board tested positive for Covid-19.