Borr Drilling now has 17 rigs contracted or committed amid strong demand for offshore rigs and is on track to fully contract its fleet by 2022.
Wintershall Dea has begun the last part of the Nova drilling campaign from the Scarabeo 8 rig after originally starting about a year ago.
Offshore drilling contractor Noble Corporation has completed the sale of four jack-up rigs to a subsidiary of ADES International Holding.
Maersk Drilling has revealed a new contract award for one of its jack-up rigs as well as details on its quarterly financial performance.
Empyrean Energy has made significant operational progress towards spudding of an exploration well at the Jade prospect offshore China.
Two giant offshore drilling contractors are encouraged by meaningful signs of improvement in the market and increase in rig day rates.
Offshore rig owners are reaping the benefits of market recovery with more and more players hiring rigs for their exploration plans.
Following two previous dry wells, ExxonMobil has also failed to find commercial hydrocarbons in its third well on the Canje Block, off Guyana.
Norwegian oil and gas giant Equinor has confirmed oil discovery in the Egyptian Vulture exploration well located in the Norwegian Sea.
After slowly climbing up for two weeks, the number of offshore rigs in the U.S. stopped its upward movement and remained flat at 13 last week.
Aker BP has found a minor oil discovery on its Mugnetind exploration well, however, the findings are below pre-drill expectations.
Longboat Energy has announced ‘a material light oil’ discovery at the Egyptian Vulture exploration well, offshore Norway.
Dana Petroleum has signed a contract with Island Drilling Company to drill one well on the UK Continental Shelf (UKCS).
Lamprell has signed a $45 million revolving trade loan facility with two banks to cover the costs for the building of two IMI jack-up rigs.
