The now restructured and debt-relieved offshore drilling contractor Valaris has been awarded sixteen new contracts and extensions with more than a dozen different oil and gas companies.
Following new contract awards to its drillships and a harsh environment rig, Transocean is optimistic about contracting throughout the year.
India’s offshore drilling contractor Aban Offshore has suspended operations on one of its jack-up drilling rigs due to the Covid-19 outbreak.
A jack-up drilling rig owned by Malaysia’s Velesto Energy has sunk offshore Malaysia while working for the oil major ConocoPhillips.
Valaris has completed its financial restructuring, emerging from the Chapter 11 bankruptcy and eliminating $7.1 billion of debt.
The number of offshore rigs in the U.S. increased by two units over the last week, according to a Friday rig report by Baker Hughes.
Offshore drilling contractor Valaris booked a $910 million loss in the first quarter of the year but hopes to re-emerge from bankruptcy sooner rather than later.
Offshore drilling contractor Diamond Offshore Drilling and its debtor-affiliates have emerged from their Chapter 11 process after completing a financial reorganization under their joint plan of reorganization.
Northern Offshore’s Northern Producer floating production facility (FPF) has arrived at the Kishorn Port in Scotland following removal from EnQuest’s Don fields in the North Sea.
Offshore drilling contractor Seadrill has secured a four-year firm contract with four one-year options, for the West Saturn drillship with Norwegian oil major Equinor in Brazil.
The number of active offshore rigs in the U.S. is down by one unit over the last week, according to a weekly rig count report by Baker Hughes.
Shelf Drilling has received a three-year contract for one of its jack-up drilling rigs with Oil and Natural Gas Corporation (ONGC) in India.
Maersk Drilling has been awarded a one-well contract by CGX Resources for the semi-submersible rig Maersk Discoverer for drilling off Guyana.
Neptune Energy has started drilling operations on four production wells on the Duva field in the Norwegian sector of the North Sea.
