Consortium shares offshore green hydrogen jack-up rig production concept
A consortium of energy firms has announced plans to develop an innovative concept for North Sea green hydrogen production.
Borr Drilling
Borr signs West African contracts as optimism rises
Borr Drilling sees better times ahead, predicting all its rigs might be in work by the end of 2022.
Borr Drilling wins more work for Gunnlod rig in Malaysia
Norwegian offshore drilling company Borr Drilling has received a letter of award covering a 105-day contract for its Gunnlod jack-up working for an undisclosed operator in Malaysia.
Andrew Austin’s Kistos kicks of 2021 North Sea drilling campaign
London-headquartered energy sector firm Kistos has kicked off its drilling campaign for 2021.
Vaalco contracts Borr jack-up
Vaalco Energy has signed a contract with Borr Drilling for a jack-up for work on the Etame Marin block.
CNOOC limbering up for second Glengorm appraisal well
Chinese firm CNOOC is preparing to drill the second of two appraisal wells on its Glengorm field in the UK North Sea.
Hope for Glengorm discovery remains despite initial appraisal setback, analyst says
The Glengorm gas discovery, hailed as the biggest in the UK North Sea for more than a decade, could still turn out to be a major find despite suffering a setback, an analyst has said.
Neptune hands $21.4m deal to Borr for Dutch and UK North Sea jobs
Neptune Energy will use Borr Drilling’s new Prospector 1 rig for a range of jobs offshore Netherlands and UK as part of a $21.4 million contract.
Petrodec reactivates 40-year-old rig for UK decommissioning work
Petrodec has announced reactivation of a 40-year-old rig, which has been converted as its second decommissioning vessel for work in the UK North Sea.
Borr Drilling ‘encouraged’ by increased activity as $35m added to backlog
Borr Drilling said in its new fleet status report that it had added $35.1 million over 480 days to its total backlog.
Borr Drilling names new CFO
Borr Drilling has hired Magnus Vaaler as its new chief financial officer, replacing Christoph Bausch with immediate effect.
China harasses PTTEP’s exploration activity off Malaysia
The Chinese coast guard has been harassing a drilling rig contracted to Thailand’s PTTEP in Malaysian waters off Sarawak as the company attempts to appraise its biggest ever gas discovery.
Borr Drilling takes 30% hit to revenues as operators cancel contracts
Borr Drilling has taken a 30% knock to its revenues after a series of cancellations and delays to contracts by oil and gas operators.
Borr Drilling sells third rig in a month in $4.5million deal
Borr Drilling has announced the sale of its third rig in a month as the firm seeks to consolidate its fleet size.
BW buys stacked jack-ups, plans Dussafu work
BW Energy has acquired two jack-up rigs and hatched a new plan for the development of the Hibiscus/Ruche field, offshore Gabon.
Glengorm appraisal operations expected to start this month
Westwood Global Energy reports that as of October 28 there was one exploration well active in the UK. So far in 2020, four exploration wells have completed. There has been no appraisal drilling to date this year.
Borr Drilling appoints CFO who was replaced amid Weatherford bankruptcy
Borr Drilling has appointed a new CFO who was replaced by Weatherford last year as the oil services giant underwent bankruptcy.
Borr Drilling receives notice from New York Stock Exchange regarding continued listing standard
Borr Drilling has received a written notice from the New York Stock Exchange (NYSE) after it was found not to be in compliance with continued listing standards.
Borr Drilling appoints Patrick Schorn as new chief executive
Borr Drilling has appointed Patrick Schorn as its new chief executive officer, succeeding Svend Anton Maier who will remain with the company as a special adviser.
Borr Drilling ‘extremely pleased’ with £250million financial lifeline
Borr Drilling has agreed a debt restructuring deal which will improve the liquidity of the rig operator by more than £250million for the next two years.
Aberdeen MSP tells North Sea firms not to ‘turn their back’ on workers during Covid-19 crisis
An Aberdeen MSP has written to a clutch of North Sea firms calling on them to reconsider their decision to terminate hundreds of staff rather than use a UK Government-backed furlough scheme.
UK Government extends eligibility date for coronavirus furlough scheme to help ‘200,000’ workers
The UK Government has extended the cut-off date for workers to be eligible for its coronavirus jobs retention scheme, expected to benefit 200,000 people.
Borr Drilling urged to reconsider redundancy plans for 230 North Sea workers
An offshore drilling firm has been urged to reconsider its plans to make 230 North Sea employees redundant.
BW Energy delays Dussafu work on turmoil
Work at the Dussafu Marin licence in Gabon has slowed as a result of the coronavirus outbreak.
Price plunge fires up short sellers
As prices have plunged, interest in short selling of oil companies has increased.