Offshore oil and gas operators are resuming operations on platforms and rigs in the Gulf of Mexico following Tropical Storm Cristobal.
Keppel has denied and rejected the termination of a rig construction contract by Awilco.
Awilco Drilling has decided to cancel a semi-submersible rig order with rig builder Keppel due to breaches under the construction contract.
The number of offshore rigs in the U.S. is up by one unit over the last week, according to a weekly rig count report by Baker Hughes.
The worldwide offshore rig count in May 2020 dropped 54 rigs year-over-year and 37 rigs sequentially, according to rig count reports by Baker Hughes.
Mexico’s Grupo R has received an early termination of a drilling contract with Hokchi Energy due to the current market situation.
Borr Drilling has postponed deliveries of five jack-up rigs until mid-2022.
A court in Brazil has accepted a money laundering and corruption complaint against a former Sembcorp Marine employee as part of the widespread Brazilian Car Wash probe.
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has found several irregularities regarding the emergency preparedness on the Valaris-owned Valaris JU-292 rig, formerly known as the Rowan Norway.
COSL Drilling Europe (CDE) has signed a master framework agreement with Equinor on the Norwegian Continental Shelf, that fully enables it to provide additional drilling units and services to the oil major.
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has found one improvement point regarding an application for the Acknowledgement of Compliance (AoC) for the West Bollsta drilling rig.
Prosafe has gained support to an extension to the forbearance arrangement with a majority of its lenders until the end of June while working to agree on a long-term financial solution.
Japanese shipbuilder Kawasaki Heavy Industries (KHI) has placed an order for the first commercial unit of a new Corvus Energy high-density lithium-ion capacitor energy storage system (ESS). Branded Blue Marlin, the product uses lithium-ion capacitor (LiC) cells that sustain very high charge/discharg
Seadrill booked a huge loss in the first quarter of the year due to impairment charges amid a significant reduction in global oil demand.
