Transocean booked a profit in the third quarter of 2020 backed by a gain on restructuring and retirement of debt, offset by a loss on disposal of assets.
Independent Oil and Gas (IOG) has awarded a rig contract for its Core Project Phase 1 located in the UK North Sea to a Noble Corporation-owned jack-up rig.
Oslo-listed Solstad Offshore has won two contracts within subsea and renewable energy representing around 500 vessel days in 2021. Normand Tonjer has secured a firm contract until November 2021, plus options for further extension of 2 x 12 months. The vessel has been on contract with Magseis Fairfie
UK oil and gas company Premier Oil has received creditor support for the proposed merger with Chrysaor announced in October.
Hibiscus Petroleum has completed the St Joseph minor sands infill and major sands redevelopment infill drilling campaign.
The Covid-19 pandemic and energy transition are expected to expedite peak oil demand to 2028 and cut demand levels to 102 million bpd, according to Rystad Energy.
Oil and gas company CNOOC Limited has started production from the Liuhua 29-1 gas field in the South China Sea.
Offshore drilling contractor Dolphin Drilling has secured a new combined contract with Norwegian oil and gas operator DNO Norge.
Norwegian oil and gas major Equinor has revealed its ambition to become a net-zero company by 2050 as its new boss is taking over his position.
BW Energy has concluded on an alternative development plan for the Hibiscus/Ruche field in the Dussafu license off Gabon, using a converted jack-up rig.
Norwegian oil major Equinor has made a minor gas discovery near the Maria field in the Norwegian Sea.
The number of offshore rigs in the U.S. remained steady last week but dropped nine units year over year, according to a Friday report by Baker Hughes.
Oil major BP has started drilling the Ironbark-1 well located offshore Western Australia.
U.S. oil major ConocoPhillips recorded a loss in the third quarter of 2020 compared to a profit in the same period last year.
