Brazilian oil company Petrobras has divested its stake in offshore drilling company Sete Brasil.The company on Wednesday transferred today to companies of Sete Brasil Group, for the symbolic total amount of 7 euros, the equity interest of 15%…
Corvus Energy, energy storage solutions provider for the offshore energy industry has been selected by National Oilwell Varco (NOV) to supply the Energy Storage System (ESS) to be used on an offshore drilling rig.Corvus will deliver its ESS…
Offshore drilling contractor Dolphin Drilling has secured a new combined contract for exploration and plug and abandonment with the Norwegian oil and gas company DNO.'The contract will see Dolphin Drilling support both ends of the well lifecycle…
Thai offshore service provider Mermaid Maritime has completed the previously proposed exit from Asia Offshore Drilling, a joint venture firm with drilling contractor Seadrill.Earlier this month, Mermaid said it would exercise its put option and sell its 33…
U.S. President Donald Trump said on Friday he had extended a ban until 2032 on oil drilling off the coast of North Carolina and Virginia, weeks after a similar extension affecting offshore drilling in the waters off Florida, Georgia, and South Carolina…
Thai subsea services company Mermaid Maritime has decided to sell its stake in Asia Offshore Drilling, a drilling joint venture with Seadrill, to limit its exposure to the volatile offshore drilling market.Mermaid, which owns a 33.76% in AOD…
ARO Drilling, a Saudi-focused offshore drilling joint venture between Valaris and Saudi Aramco, has appointed new CEO.The offshore drilling company said via social media that Derek Kent was named as its Chief Executive Officer. He succeeds Kelly McHenry…
Norwegian offshore drilling company Odfjell Drilling will recycle its oldest drilling rig the Deepsea Bergen, to focus on its modern, harsh-environment drilling rigs.In a quarterly update on Thursday, Odfjell said that the Deepsea Bergen rig…
Valaris, the world's largest offshore drilling contractor by fleet size, said Tuesday that the New York Stock Exchange had decided to suspend its shares and delist them.The offshore drilling company has been hit hard by the blended effects of the global COVID-19 pandemic…
U.S. Congressman Frank Pallone, Jr., the representative for New Jersey's 6th congressional district, announced that the House Democrats’ appropriations bill for the fiscal year 2021 would ban offshore drilling in the Atlantic Ocean. In May,…
The global active offshore drilling rig count for June 2020 was lower by 65 units, compared to June 2019, Baker Hughes' monthly rig count report has shown.Latin America was the only region that saw its offshore rig count rise, Europe and North America saw their numbers halved…
Offshore drilling contractor Valaris said Monday it had elected not to make the $13.3 million interest payment due on June 15, 2020, related to its 7.375% Senior Notes due 2025.The offshore drilling company, which had more than $6.5 billion of debt at the end of the first quarter…
A U.S. ban on new offshore drilling in the Gulf of Mexico, which presidential hopeful Joe Biden promised to enact if elected, would lead to hundreds of thousands of job losses and billions in lost government revenue over 20 years, an offshore drilling industry group said on Tuesday…
Danish offshore drilling contractor Maersk Drilling is set to mothball several offshore drilling rigs, and as a consequence, reduce the number of offshore workers, citing low oil prices and the impact of COVID-19 pandemic as the reason.'The…
Offshore drilling contractor Valaris is facing delisting of its shares from the New York Stock Exchange over noncompliance with continued listing standards.Valaris, the world's largest offshore drilling company by fleet size, said Tuesday it…
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