Boost for North Sea as Valaris unveils swathe of rig deals
Offshore drilling contractor Valaris (NYSE:VAL) has announced a swathe of new contracts and extensions, with its order backlog rising to $1.14 billion.
Offshore drilling contractor Valaris (NYSE:VAL) has announced a swathe of new contracts and extensions, with its order backlog rising to $1.14 billion.
An oil platform was forced to shutdown and four people were affected after a fire broke out on Monday night, local time.
Energy services group Three60 Energy has signed a deal with BP to provide well engineering services across the supermajor’s global operations.
Oil and gas giant BP (LON: BP) has struck a deal with Oslo-listed Prosafe (OSLO: PRS) to charter one of its vessels for use in the Caribbean.
The 1990s were a brutal time in the North Sea, with the oil & gas industry largely pre-occupied with trying to recover from the 1986 global price crash and culminating with the second crash, the slide for which began in 1997 and bottomed out late 1998/early 1999.
Predator Oil & Gas is biding its time in Morocco for its drilling programme as the country faces a mounting coronavirus outbreak.
LNG production in Trinidad and Tobago was disrupted after a power outage shut down the Atlantic LNG export terminal.
Trinidad-focused Columbus Energy Resources is on course to ramp up its resources after agreeing to buy Steeldrum Oil Company.
Oil firm Trinity Exploration and Production has conditionally raised £13.7 million through the placement of new shares.
Trinity Exploration and Production swung back to the black in 2017 - the year the firm completed a major financial restructuring.
Shares in Trinity Exploration and Production were up 5% this morning after the company reported a 74.6% increase in operating profits to $11million in 2017.
Trinity E&P said today that the sale of a package of assets in Trinidad to Range Resources had been blocked by regulators.
Rowan Drilling is to provide two rigs for an upcoming BP campaign in Trinidad and Tobago.
Trinity Exploration and Production said it had delivered a marked turn around in its financial performance in the first half of 2017.
LGO Energy's revenue nearly halved last year while it went through a "transitional" period due to restrictions on growth.
LGO's drilling campaign in the Gourdron Field in Trinidad continues to pay-off for the firm.
LGO is aiming to hits its production stride in Trinidad once again, according to its latest operational update.
Oil major BP said its new Juniper platform has started its journey towards the southeast coast of Trinidad.
LGO today today said it was nearing the kick-off of its 2017 drilling campaign in Trinidad.
LGO Energy has started production from the GY-277 oil well, the fourth of its planned heavy work-overs at the Goudron Field in Trinidad.
Range Resources plans to drill a development well on its acreage in Trinidad early next month after reviewing its workover programme to focus on the "most economic" wells.
LGO Energy said it has reached a further agreement on the terms of the loan understanding with its subsidiary Goudron E&P.
Independent exploration and production company Trinity has agreed a further extension to the moratorium on principal repayments related to its outstanding debt.
Trinidad focused Range Resources has begun injection on its flagship Bean Marcelle waterflood project.
Range Resources is to drill a second development well in Trinidad, following the "highly encouraging results" from its MD250 well.