Maersk Drilling believes that continued rig scrapping is needed to obtain a healthier balance between rig demand and supply.
OMV is ready to drill an appraisal well in the Norwegian Sea following an offshore safety approval for the use of a rig and the receipt of a drilling permit from Norwegian authorities.
Hurricane Energy’s request to extend the deadline for activities planned on the Lincoln license off the UK has been approved by UK authorities.
Petrofac’s Engineering & Production Services business has begun the activity on its previously awarded well decommissioning contract for the Rubie and Renee fields located off the UK.
Beach Energy is preparing for exploration drilling in the Canterbury Basin offshore New Zealand, which could include up to 11 wells.
Bahamas Petroleum has signed a drilling contract with Stena Drilling for the provision of a rig for its Perseverance #1 well, located offshore The Bahamas, thereby ditching its previous plans to use a Seadrill-owned rig.
Russian oil and gas company Lukoil completed the installation of a jacket for an accommodation platform topside at the V.I. Grayfer field in the Caspian Sea.
An independent resources audit of the Conrad Petroleum-operated Mako gas field, located in the Duyung PSC offshore Indonesia, has confirmed a significant upgrade, showing that the Mako field is one of the largest gas fields ever discovered in the West Natuna Basin.
Beach Energy has cancelled its proposed Otway development pre-drilling anchoring program, which was under evaluation by Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA).
With few profitable investment alternatives, operators are now likely to increase spending in decommissioning work, according to Rystad Energy.
ConocoPhillips has received consent from the Petroleum Safety Authority to use the Rowan Norway rig on the Ekofisk field offshore Norway.
The number of offshore rigs in the U.S. remained unchanged over the last week, according to the latest weekly rig count report by Baker Hughes.
Petronas saw its profit and revenues drop in the first quarter of 2020 after being hit by lower average realised prices for LNG, petroleum products, and crude oil & condensates.
Hurricane Energy has shut-in one of two wells at the Lancaster Early Production System due to interference between two producing wells.
