Oil and gas exploration is likely to continue to have an important role in the decades to come, a view reinforced by the 2022 energy crisis and growing energy security needs, according to energy intelligence group Westwood.In the offshore drilling space, Westwood says that the year 2022 has seen a continued increase in jackup, semisubmersible, and drillship demand, utilisation, and dayrates, all of which have reached highs not seen since 2014…
The recovering deepwater drilling market has encouraged drilling contractors to expand their fleet, and companies are now starting to purchase stranded assets in shipyards.A joint venture that includes Transocean recently announced the purchase of the stranded 7th Generation drillship West Aquila…
Chinese offshore drilling contractor China Oilfield Services Limited (COSL) said Monday it had recently signed several long-term drilling rig service contracts in the Middle East. The contracts are worth around RMB14 billion (~$1,92 billion) in total…
UK's workers' union Unite said Monday it would ballot over 300 offshore drilling and contract maintenance workers covered by the United Kingdom Drilling Contractors Association (UKDCA) on strike action.The ballot, which opened Monday and closes on September 27…
Scana-owned PSW Technology has signed a one-year extension of its frame agreement with the Norwegian offshore drilling contractor Odfjell Drilling.The frame-agreement is for maintenance and recertification of marine riser and subsea equipment for all of Odfjell Drilling's offshore drilling rigs…
The America Bureau of Shipping (ABS), one of the world's largest ship classification societies, is withdrawing all class services involving Russian vessels, assets and companies, over the Russian invasion of Ukraine.'After careful consideration…
The International Marine Contractors Association has suspended its Russian members from the association over Russia's invasion of Ukraine.IMCA CEO Allen Leatt said: 'We are all deeply saddened at IMCA by the events unfolding in Ukraine and the…
UK-based offshore well plug and abandonment company Well-Safe Solutions has appointed Chris Hay as Director of Strategy and Business Development.'Chris brings over 16 years of energy industry experience to Well-Safe Solutions, with the majority…
In a deal with Singapore's offshore rig builder Keppel Fels, offshore drilling contractor Dolphin Drilling said it has secured the marketing rights for the KFELS Moss Maritime CS60 ECO MW semi-submersible drilling rigs.While the drilling company did not explicitly say it…
Offshore drilling contractor Borr Drilling received a Letter of Award for one of its jack-up rigs from an unnamed international oil company for additional work in Mexico. 'The program is expected to commence in the second quarter of 2022 for a duration of approximately 150 days…
Offshore drilling contractor Dolphin Drilling said Wednesday it's become 'the first company of its kind' to secure Energy Management System ISO 50001:2018 certification.The company, which owns a fleet of offshore drilling rigs, said the certification…
Offshore drilling contractor Vantage Drilling's subsidiary Vantage Holdings International has signed an agreement to manage and market some of Seadrill Partners' offshore drilling rigs.Under the deal, signed on February 9, VHI will provide marketing…
Offshore drilling company Dolphin Drilling has appointed Ronny Bjørnådal (48) as a Non-Executive Director of its Board of Directors.Bjørnådal was previously Managing Director and Head of Global Maritime Loans in Nordea, the largest financial institution in the Nordics…
Jack-up drilling rig contractor Shelf Drilling has reported a sequential drop in quarterly revenue, citing rig utilization levels fall, and decreased day rates due to the COVID-19 pandemic.Revenue was $155.0 million in Q2 2020 compared to $181…
Asia Pacific Drilling Technology Conference and Exhibition (APDT) originally scheduled for September 1-2 2020 in Yangon, Myanmar has been postponed for next year due to the COVID-19 pandemic.'Due to the ongoing global public health concerns related to COVID-19…
