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Offshore rig owner Seadrill is prepared to make acquisitions if opportunities arise amid ongoing consolidation in the industry, the company's chief executive told Reuters on Sept. 12.
A 25-year period for Denmark as a net oil exporter is set to end this year following output declines in the North Sea, the country’s energy agency said on Aug.30 after slashing its long-term oil production forecast.
An enhanced connector improves structural integrity and fatigue performance on a GoM fixed-platform installation.
Around 40 rig workers started a 24-hour strike on July 23 on the Alwyn, Elgin and Dunbar platforms in the British North Sea, curbing gas flows to shore, but stored crude was expected to mitigate any oil supply disruption.
With the successful installation of the drilling topsides onto its jacket, a history-making NCS project draws closer to first oil.
Transparency and competitive fiscal terms encourage foreign investment.
Shell shares Malikai update while Exxon Mobil offers Hebron report.
Global demand for offshore rig rentals is starting to recover from its worst downturn ever.
US Rigs Up For Second Straight Week For First Time Since August
Crude oil's flirtation with $50 per barrel drive U.S. weekly rig count up for only second time in 2016.
The U.S. oil rig count dropped by 11 to 332 this week, compared to last week.
Total U.S. rig count down 12 rigs from last week to 502total U.S. rig count down 12 rigs from last week to 502.