Borr Drilling has come up with a liquidity improvement plan with the support of creditors as part of its efforts to strengthen its financial footing.
The number of offshore rigs in the U.S. increased by one unit over this week, according to a weekly rig count by Baker Hughes.
Norwegian Supreme Court has ruled against environmental groups and in favour of the government following a lawsuit claiming the government violated the people’s right to a healthy environment by issuing new exploration licences for Arctic drilling.
Pacific Drilling expects to emerge from Chapter 11 bankruptcy by year-end following the confirmation of its prearranged plan of reorganization.
PetroRio has bought a semi-submersible drilling rig for a symbolic price of $1. The rig will be used for well interventions and completions.
ConocoPhillips has made a new oil discovery in production license 891 located 14 miles north-northeast of the Heidrun field in the Norwegian Sea.
Bahamas Petroleum Company (BPC) has started drilling its eagerly anticipated Perseverance #1 well offshore the Bahamas and using the Stena IceMAX drillship.
Gulf Marine Services (GMS), a provider of self-propelled self-elevating support vessels to the offshore energy industry, has won contract extensions for two K-Class (small) vessels.
Offshore drilling firm Shelf Drilling has agreed to sell a jack-up drilling rig to UAE-based ADNOC Drilling.
The number of offshore rigs in the U.S. climbed up by three units over the last week, according to a report by Baker Hughes Company.
Offshore drilling contractor Vantage Drilling has been awarded a contract for one of its jack-up drilling rigs by Trident Energy.
Equinor has received consent from the country’s offshore safety watchdog to use the Deepsea Atlantic rig on a well in the North Sea off Norway.
Norwegian authorities have granted consent for the start-up of two new wells on the Neptune Energy-operated Gjøa field in the North Sea.
Offshore drilling contractor Odfjell Drilling has secured more work for its Deepsea Atlantic drilling rig with Equinor for operations in Norway.
