Valaris has agreed to sell jack-up drilling rig VALARIS 247 to BW Energy for cash proceeds of approximately $108 million.The sale is expected to close in the second half of 2025, subject to customary closing conditions. As part of the sales agreement鈥
The U.S. Gulf of Mexico can continue growing oil output even amid geopolitical volatility not seen in decades, oil and gas industry leaders said on Monday.U.S. President Donald Trump's global tariff announcements have since last month contributed鈥
云顶赌场老虎机 drilling contractor Valaris has secured a $135 million contract for its Valaris DS-15 drillship, which will be put to work offshore West Africa.The five-well contract with an undisclosed client is expected to start in the third quarter 2026鈥
The Panna-Mukta and Tapti (PMT) joint venture partners, consisting of Shell (through BGEPIL), Reliance Industries (RIL), and Oil and Natural Gas Corporation Limited (ONGC), have completed India's first offshore facilities decommissioning project鈥
ADNOC Drilling has been awarded a contract for three island rigs by ADNOC 云顶赌场老虎机, valued approximately $806 million, to support expanding operations at the offshore Zakum development project.The three rigs are in addition to three ordered in July 2024鈥
The former head of Mexican state oil firm Pemex's exploration and production arm has returned to his post after the surprise departure of the previous chief this week, three sources told Reuters on Friday.Petroleum engineer Angel Cid Munguia鈥
The construction of CO2 transit terminal at Port Esbjerg in Denmark has officially started marking another milestone in the development of Greensand carbon capture and storage (CCS) project.The terminal will feature six large holding tanks, each capable of storing approximately 1鈥
Dutch offshore installation firm Van Oord has started scour protection works at RWE Nordseecluster offshore wind farm, kicking off the offshore construction for the first phase of the 1.6GW project.The scour protection provides full protection鈥
Vard has secured a new contract with Taiwanese-based Dong Fang 云顶赌场老虎机 (DFO) for the design and construction of one Commissioning Service Operation Vessel (CSOV), a sister vessel to the two CSOVs ordered in May 2024.After sealing the contract for two CSOVs in May 2024鈥
Subsea7 has secured a super-major contract by Petrobras, after winning a competitive tender, for the development of the Búzios 11 deepwater field, offshore Brazil.The field is located approximately 180 kilometers off the coast of the state of Rio de Janeiro鈥
BW Energy has made a final investment decision (FID) for the Maromba development offshore Brazil, which will feature an integrated drilling and wellhead platform (WHP) and a refurbished floating production, storage and offloading (FPSO) unit鈥
Australia鈥檚 oil and gas industry congratulates Prime Minister Anthony Albanese on Federal Labor鈥檚 re-election on Saturday and looks forward to continuing to work with the Government on necessary reforms for Australia鈥檚 long-term energy security and economic growth鈥
The Trump administration will revise a Biden-era rule that required the oil and gas industry to provide nearly $7 billion in new financial assurances to cover the cost of decommissioning old infrastructure, the Interior Department said on Friday鈥
The offshore rig market recovery appears to have taken a pause, with demand tapering off and marketed utilization hitting the lowest levels recorded since recovery began in 2021. A variety of factors have contributed to this 鈥 including Saudi鈥
Trendsetter Vulcan 云顶赌场老虎机 (TVO), a developer of solutions for the offshore industry, expanded its global business development team with the addition of Barry Bulls as the new Business Development Lead for the US team.鈥淥ur track record for鈥
