Brazilian state-owned oil and gas giant Petrobras has reached a possible settlement with its compatriot rig lessor Sete Brasil to charter four and terminate contracts for 24 drilling rigs.
The Petroleum Safety Authority has given Lundin Norway its consent to drill an exploration well in the North Sea with the COSLInnovator rig.
MHWirth, a company owned by Akastor, has been selected by Awilco Drilling for delivery of the drilling equipment package, with options for further three packages.
Statoil and its partners have contracted the West Phoenix rig for exploration drilling on the UK and Norwegian continental shelves from the summer of 2018.
U.S. offshore driller Rowan Companies returned to quarterly profit despite lower revenues helped by the sale of rigs to a joint venture with Saudi Aramco. For the fourth quarter 2017 Rowan reported a net income of $112 million compared to a net loss of $24.4 million in the fourth quarter of 2016. Th
This will be the market’s first newbuild offshore rig order in four years.
The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway a drilling permit for an appraisal well in the Barents Sea offshore Norway.
Oil and gas industry intelligence group Westwood has acquired RigLogix, an offshore rig market data specialist, from DHI Group, Inc (NYSE: DHX). Andrew Reid, CEO of Westwood Global Energy Group said on Wednesday: “With the acquisition of RigLogix we inherit a strong, global team and capability, whic
Norway’s Borr Drilling has officially launched its tender offer to buy all outstanding Paragon Offshore shares. The tender offer announcement released on Monday follows last week’s news that Borr Drilling had signed a binding tender deal to offer to purchase Paragon Offshore, in a move to consolidat
Italian oil company Eni has started the mobilization of the Saipem 12000 drillship to drill the RD-1 well offshore Morocco.
UK offshore driller Ensco posted a loss for the fourth quarter of 2017 compared to a profit in the year-ago quarter.
Oil and gas exploration company Chariot Oil & Gas is working to secure funds to drill a well on its Prospect S offshore Namibia.
Ocean Rig has signed a new drilling contract with Tullow Namibia for a one-well drilling program plus options for drilling offshore West Africa.
Norwegian oil company Statoil has started drilling at the Oseberg Vestflanken 2 development offshore Norway using the Cat J rig Askepott.
