Offshore drilling contractor Valaris booked a bigger quarterly loss as its revenues declined due to fewer rig operating days. Valaris on Thursday reported a net loss attributable to the company of $216 million for fourth quarter 2019 compared to a net loss of $197 million in the third quarter 2019.
Noble Corporation has managed to keep its net loss flat in the last quarter of 2019 while its revenues increased during the period.
Energean Oil and Gas has conducted a successful production test on the Karish Main-02 development well located offshore Israel.
After refusing to participate in Byron Energy’s SM71 F4 well in the Gulf of Mexico, Otto Energy decided that it would be participating in the drilling of the next well, named SM71 F5.
Malaysia’s oilfield services provider Tanjung Offshore Services (TOS) has received a letter of award from Petronas Carigali for the leasing, operating, and maintenance of a mobile offshore production unit (MOPU) for the Bayan Gas Development Project Phase 2.
German multinational conglomerate Siemens has been awarded a contract by Arabian Drilling Company to modernize an offshore jack-up drilling rig for a customer in the Middle East.
Masirah Oil has completed the Yumna 1 well, located in Block 50 offshore Oman, and flowed first oil into the Aframax tanker.
Italian oil and gas major Eni has started drilling what is reportedly the first ever deepwater offshore exploration well in Oman’s waters.
The South East Etame 4P appraisal wellbore drilled from the Vaalco-operated South East Etame North Tchibala (SEENT) platform offshore Gabon in the Etame Marin permit area has encountered oil sands in the Gamba formation.
The Norwegian Petroleum Directorate has granted Lundin Norway a drilling permit for a well in the Barents Sea offshore Norway.
Transocean has booked a loss for the last quarter of 2019 as its revenues increased. The company has reduced the loss sequentially and year-over-year helped by gain on termination of construction contract, tax items, and disposal of assets
Transocean has secured more work for its fleet of offshore drilling rigs and brought its total contract backlog to over $10 billion.
An investigation has been launched into an incident on a Valaris-owned jack-up drilling rig, currently working for Chrysaor in the North Sea, following an incident involving the rig’s crane.
Eni has made a new oil discovery on the Saasken Exploration Prospect in Block 10, located in the mid-deep water of the Cuenca Salina in the Sureste Basin, offshore Mexico.
