Italian oil giant Eni has recently extended the contract for Saipem's Saipem 10000 drillship.The news was shared by the Italian energy services company Saipem on Thursday in its full-year and fourth-quarter 2020 report.'The most significant…
ƶijϻ drilling contractor Vantage Drilling's subsidiary Vantage Holdings International has signed an agreement to manage and market some of Seadrill Partners' offshore drilling rigs.Under the deal, signed on February 9, VHI will provide marketing…
ƶijϻ drilling contractor Transocean on Thursday announced the deployment of what it said was the offshore drilling industry’s first safety system that integrates a wearable locating device with drill floor equipment and machine stoppage controls…
ƶijϻ driller Seadrill said Sunday that Chapter 11 bankruptcy protection cases have been filed in the Southern District of Texas in respect of Seadrill's subsidiaries Seadrill GCC Operations Ltd, Asia ƶijϻ Drilling Limited, Asia ƶijϻ Rig 1 Limited…
U.S. offshore drilling contractor Diamond ƶijϻ, which filed for Chapter 11 bankruptcy in April 2020, said Monday it had entered into an agreement with certain creditors over its financial restructuring that should see $2.1 billion eliminated…
Brazilian oil company Petrobras has divested its stake in offshore drilling company Sete Brasil.The company on Wednesday transferred today to companies of Sete Brasil Group, for the symbolic total amount of 7 euros, the equity interest of 15%…
Corvus Energy, energy storage solutions provider for the offshore energy industry has been selected by National Oilwell Varco (NOV) to supply the Energy Storage System (ESS) to be used on an offshore drilling rig.Corvus will deliver its ESS…
Thai offshore service provider Mermaid Maritime has completed the previously proposed exit from Asia ƶijϻ Drilling, a joint venture firm with drilling contractor Seadrill.Earlier this month, Mermaid said it would exercise its put option and sell its 33…
U.S. President Donald Trump said on Friday he had extended a ban until 2032 on oil drilling off the coast of North Carolina and Virginia, weeks after a similar extension affecting offshore drilling in the waters off Florida, Georgia, and South Carolina…
Thai subsea services company Mermaid Maritime has decided to sell its stake in Asia ƶijϻ Drilling, a drilling joint venture with Seadrill, to limit its exposure to the volatile offshore drilling market.Mermaid, which owns a 33.76% in AOD…
ARO Drilling, a Saudi-focused offshore drilling joint venture between Valaris and Saudi Aramco, has appointed new CEO.The offshore drilling company said via social media that Derek Kent was named as its Chief Executive Officer. He succeeds Kelly McHenry…
Norwegian offshore drilling company Odfjell Drilling will recycle its oldest drilling rig the Deepsea Bergen, to focus on its modern, harsh-environment drilling rigs.In a quarterly update on Thursday, Odfjell said that the Deepsea Bergen rig…
Valaris, the world's largest offshore drilling contractor by fleet size, said Tuesday that the New York Stock Exchange had decided to suspend its shares and delist them.The offshore drilling company has been hit hard by the blended effects of the global COVID-19 pandemic…
U.S. Congressman Frank Pallone, Jr., the representative for New Jersey's 6th congressional district, announced that the House Democrats’ appropriations bill for the fiscal year 2021 would ban offshore drilling in the Atlantic Ocean. In May,…
The global active offshore drilling rig count for June 2020 was lower by 65 units, compared to June 2019, Baker Hughes' monthly rig count report has shown.Latin America was the only region that saw its offshore rig count rise, Europe and North America saw their numbers halved…