Borr has reached agreements in principle with creditors to defer $1.4 bln debt maturities to benefit from market recovery.
Taylor Energy has agreed to pay millions in settlement of the Gulf of Mexico oil spill, which started 17 years ago.
Havila Shipping has secured a new contract for one of its platform supply vessels (PSVs) with Harbour Energy for operations in the UK.
Solstad has been awarded a long-term contract for one of its anchor handling tug supply vessels by Petrobras for operations offshore Brazil.
Jurong Shipyard is facing arbitration under four separate contracts due to allegations of a breach of contract and payment claims.
CNOOC Petroleum and Flotation Energy are working on a project, which would see one of the UK’s largest oil and gas assets electrified with power from a floating offshore wind farm.
Offshore drilling contractor Northern Ocean has reached an agreement with Odfjell Drilling for the management of two of its rigs.
Cooper Energy has revealed it will be getting a new CFO in the spring of next year by hiring the current CFO of Jadestone for the role.
Sevan SSP has revealed its concept was chosen for the Equinor-operated Wisting field development in the Barents Sea.
An analysis of oil and gas discoveries in 2021 by Rystad has revealed that discovered volumes are on track to hit lowest level in 75 years.
Eidesvik Offshore has secured a contract extension with the compatriot oil company, Equinor, for one of its platform supply vessels (PSVs).
The number of offshore rigs in the U.S. has lost its upward traction and came to a stop, based on Baker Hughes’ weekly rig count report.
Oil major ExxonMobil has started drilling the Glaucus-2 appraisal well located in Block 10 offshore Cyprus.
FAR is encouraged by oil shows and potential reservoirs encountered in its well off The Gambia despite no live oil columns being present.
