The next year will be another challenging time for offshore drillers due to continuing supply overhang even though prices are starting to improve, the CEO of rig firm Seadrill told Reuters on Nov. 27.

ADES International Holding Ltd. has completed the acquisition of twelve onshore rigs from Weatherford International Plc in Kuwait, the company said on Nov. 2.

Wellesley Petroleum AS, an exploration company focused on the Norwegian Continental Shelf (NCS) on Oct. 29 announced the successful appraisal of the Grosbeak Discovery in the Northern North Sea by wells 35/11-21S and 35/11-21A. The wells were drilled in production license Pl248I where Wellesley holds a 60% operated interest.

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.

Transparency and competitive fiscal terms encourage foreign investment.

With the successful installation of the drilling topsides onto its jacket, a history-making NCS project draws closer to first oil.

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

Pages