TRANSOCEAN LIMITS LOSSES AND STAYS THE COURSE IN CHALLENGING ENVIRONMENT

May 01, 2020

Swiss offshore drilling contractor Transocean reported net loss attributable to controlling interest of $392 million for the ...

Read More+
HYBRID JACKUP MAERSK INTREPID TO DRILL FOR MARTIN LINGE FIELD

May 01, 2020

The hybrid jack-up rig Maersk Intrepid has been awarded a contract for the drilling of three wells and plugging of one on the...

Read More+
VALARIS REPORTS $3 BILLION NET LOSS AND FLEET UTILIZATION DECLINE TO 59%

April 30, 2020

Offshore drilling giant Valaris reported a net loss attributable to the Company of $3.01 billion for first quarter 2020 compa...

Read More+
DOLPHIN DRILLING SECURES NEW CONTRACT AND ONE CONTRACT EXTENSION

April 28, 2020

Dolphin Drilling has secured a one well plus one optional well with Wellesley Petroleum for a programme of drilling work on t...

Read More+
DIAMOND OFFSHORE FILES FOR CHAPTER 11 BANKRUPTCY

April 27, 2020

US offshore contract driller Diamond Offshore has filed for Chapter 11 Bankruptcy hit by debts of more than $2.6 billion in t...

Read More+
MAERSK DRILLING ADAPTS OFFSHORE CREW POOL TO DETERIORATED MARKET ENVIRONMENT

April 24, 2020

The COVID-19 pandemic and the lower oil price environment are impacting offshore drilling activity. Some tenders and projects...

Read More+
VALARIS HIT BY A FLOOD OF REDUCED RATES AND CONTRACT TERMINATIONS

April 24, 2020

The last fleet status report released by Valaris brought little good news with a few short term contracts:
• Semi-submer...

Read More+
KEPPEL DELIVERS JACKUP HILD TO BORR DRILLING

April 23, 2020

Keppel Offshore & Marine Ltd (Keppel O&M) has, through its wholly-owned subsidiary Keppel FELS Ltd (Keppel FELS), del...

Read More+
BEACH ENERGY TERMINATES OCEAN ONYX DRILLING CONTRACT IN OTWAY BASIN

April 21, 2020

Beach, as operator of the Victorian Otway Basin Joint Venture, advises it has issued the Ocean Onyx rig operator Diamond Offs...

Read More+