Biden bans US offshore oil and gas drilling ahead of Trump’s return
Analysts say the ban will have little practical impact on US oil and gas production, but sends a "strong political signal" to other nations including the UK.
offshore drilling
Oil driller Borr sees wave of shallow-water rigs retiring
Offshore oil contractor Borr Drilling Ltd. (NYSE:BORR) expects almost a third of the world’s fleet of shallow-water rigs to be retired in the coming years because of their age, leading to higher daily leasing rates.
Drilling firm Noble to acquire competitor Diamond Offshore
US offshore drilling rig operator Noble Corp has announced it will acquire smaller rival Diamond Offshore in a cash and stock deal worth around $1.59 billion (£1.25bn).
Odfjell Drilling wins £250m two year contract extension with Aker BP for Deepsea Nordkapp
The two-year contract extension will keep the semi-submersible rig with Aker BP until the end of 2026
Island Innovator rig en route to UK to begin work imminently for Dana Petroleum
A huge semi-submersible drilling rig is bucking the current industry trend and setting course for the UK North Sea.
Equinor books Odfjell Drilling rigs for additional work
Norwegian energy giant Equinor (OSLO: EQNR) has tied down two Odfjell Drilling rigs for further well campaigns.
Noble backlog nears $5bn as drilling market continues to tighten
Noble Corporation (NYSE: NE) is reaping the benefits of a “steady tightening” drilling market as the US group’s order backlog nears $5 billion.
Odfjell Drilling posts 2022 profits of $88m as sector continues bounce back
Odfjell Drilling (OSLO: ODL) remains comfortably in the black after a “highly impactful and exciting year” for the contractor.
Global offshore rig utilisation to average 95% this year, says Westwood
Activity in the North Sea is a “bit questionable” though given the current windfall tax, which has prompted some operators to send rigs elsewhere.
Aberdeen’s Dolphin Drilling secures contract in Nigeria worth £84m
Aberdeen-headquartered Dolphin Drilling has bagged a yearlong contract worth $96 million (£84m) for work offshore Africa.
Valaris adds $95m to backlog after securing deals with TotalEnergies, Aramco, BP
Offshore drilling contractor Valaris (NYSE: VAL) has announced a handful of new deals and extensions.
Dolphin Drilling returns to capital markets after three year absence
After three years away, Dolphin Drilling has today returned to the capital markets, with a view to a public listing at the end of next month.
Dolphin Drilling to bring Borgland rig to UK to support North Sea push, plans for IPO in autumn
“Offshore drilling is coming back, big time,” Bjornar Iversen, chief executive of Dolphin Drilling, excitedly told a room of senior company figures, and myself, during a visit to the Borgland Dolphin rig in Norway last month.
Valaris secures £51m North Sea contract extension with Shell
Shell has handed drilling contractor Valaris $60 million (£51.8m) to continue using one of its jack-ups in the North Sea.
Oil driller W&T opens internal probe after whistle-blower letter
W&T Offshore has hired Skadden, Arps, Slate, Meagher & Flom to conduct an internal investigation of management’s close relationship with information-technology vendor AAIT, according to people with knowledge of the situation.
Noble floater fleet 100% contracted in Q2 as oil companies scramble to secure units
All of Noble’s floating drilling units were contracted in the second quarter of the year, as offshore drilling continues its renaissance.
Transocean seals contracts worth over $1bn, expects offshore drilling recovery to continue
Offshore drilling giant Transocean (NYSE: RIG) has announced two new contract wins totalling more than $1 billion.
Awilco Drilling secures £3.2m loan for working capital
Offshore contractor Awilco Drilling has secured a short-term, multi-million pound shareholder loan to fund its operations.
Well-Safe Solutions adding 100 jobs after agreeing £12.4m deal to buy WilPhoenix from Awilco Drilling
Dozens of roles are to be added to Well-Safe Solutions after the company struck a multi-million pound deal to buy a semi-submersible rig.
Maersk Drilling lands contracts with Shell for Maersk Voyager
Maersk Drilling has been awarded contracts with Shell for the provision of its Maersk Voyager vessel for drilling services offshore multiple countries.
Borr Drilling backs rig day rates to increase as market tightens
The market for shallow water offshore drilling is on the up sparked by higher oil and gas prices and tight supply.
Seadrill bags two contracts worth £412m for work in Brazil
Offshore drilling firm Seadrill has today announced that it has secured two contracts with Petrobras for work on the Buzios field, off Brazil.
Neptune Energy extends North Sea contract with Odfjell Drilling
Neptune Energy has extended a contract for Odfjell Drilling’s Deepsea Yantai drilling rig.
Flagship IOG project back on track for first gas after repairs to damaged oil rig
Work is due to resume shortly on IOG’s (LON: IOG) flagship North Sea project after repairs were successfully carried out on an oil rig.
Updated: Noble Corporation and Maersk Drilling announce merger
Maersk Drilling and Noble Corporation have announced a merger between the two offshore drilling companies.