Jack-up drilling rig owner Borr Drilling has signed a binding letter of intent with an unnamed buyer for the sale of three high-spec jack-up drilling rigs currently under construction with Keppel FELS shipyard for $320 million.Borr Drilling…
Noble Corporation has found a buyer for five jack-up rigs in a move that could alleviate concerns raised by the UK Competition and Markets Authority.Namely, the CMA said in April it had found that Noble Corp. and Maersk Drilling merger - first…
Oil and gas company SapuraOMV has recently completed drilling operations at the Kanga-1 well offshore Western Australia without encountering commercial hydrocarbon volumes.SapuraOMV used the Diamond ƶijϻ Ocean Apex semi-submersible drilling rig…
Wage talks between Norwegian oil firms and three labor unions broke down on Wednesday and will switch to state-led mediation in a bid to prevent strike action by workers, the unions and companies said.If Norway's government-appointed mediator is unable to broker a deal…
Odfjell Oceanwind, a Norwegian company that plans to make floating wind turbines to power offshore oil and gas drilling rigs and platforms, has appointed Eirik Knudsen as its Chief Financial Officer.'We are happy to welcome Eirik Knudsen as Chief Finance Officer to the Odfjell Oceanwind team…
Troubled energy contractor Saipem will cut costs, sell assets, and scale back green ambitions to focus more on its core oil and gas business after plunging deep into the red last year.The Italian group stunned investors in January when it downgraded…
Namibia aims to fast-track the development of its first oilfield to have production by 2026 following a significant offshore discovery by Shell, a senior energy official told Reuters on Monday.Shell on Friday said the exploration well off the…
ƶijϻ drilling contractor Stena Drilling has signed a contract with Petrofac for the hire of its Stena Don semi-submersible drilling rig.The Stena Don has been hired for a one-firm well campaign on Tailwind Energy's Gannet E field in the UK Continental Shelf…
Danish offshore drilling company Maersk Drilling has for the past two years lead the development of what it says is 'a first-of-a-kind product' to support the digitalization of offshore drilling processes. The solution, named RigFlow, has now…
ADNOC Drilling posted a rise of almost 50% in third-quarter profit on Wednesday, driven by new rigs and reactivation of others this year, in addition to an increase in oilfield services.The unit of Abu Dhabi National Oil Company, which went public last month…
Update: This article, originally published by Reuters, has been updated to include a statement by Seadrill addressing a reported inaccuracy in its lede.ƶijϻ driller Seadrill Ltd has requested an additional four months to retain control of its bankruptcy proceeding…