A planned overhaul of how the world’s most important benchmark crude price is calculated has caused a surge in trading of swaps used to hedge North Sea oil prices.
Chapter 11 cases have been filed in the Southern District of Texas for Seadrill’s wholly-owned subsidiaries under the Asia Offshore Drilling brand.
One of the most famous rig builders in the world is exiting the business. Singapore’s Keppel Corporation has announced that Keppel Offshore & Marine, which is up for sale, will undergo a major restructuring which will see it exit the offshore rig building
The Netherlands Enterprise Agency (RVO.nl) and Fugro are taking steps to make seabed research at the IJmuiden Ver offshore wind farm zone more sustainable.
Egyptian offshore driller ADES International has sealed a new contract for 1981-built jackup rig Admarine 5 in the Gulf of Suez.
Oil and gas company Lundin Energy came up dry in the Bask prospect in the Barents Sea following results from an exploration well drilled with the West Bollsta rig, which will now drill another well for Lundin.
HitecVision’s NEO Energy has entered into exclusive negotiations to buy ExxonMobil’s upstream assets located in the central and northern North Sea.
Frank Coles, Chief Executive Officer of the Wallem Group, has resigned and will be leaving the Wallem Group shortly, the company’s board confirmed.
Offshore driller Pacific Drilling has been awarded a new contract in Mexico by Petronas for 2013-built drillship Pacific Khamsin.
Maersk Drilling has received notice of early termination of convenience from Dana Petroleum for a one-well contract.
The company said some of the jobs were linked to the project for decommissioning the Brent Charlie platform, which was set to complete in the following two years.
The vessel is currently performing deep water node laying in the US Gulf, and will be equipped with ROV technology and recovery systems from Evotec as part of the new contract.
Offshore drilling contractor Vantage Drilling has been awarded a contract for one of its jack-up drilling rigs by Trident Energy.
French offshore services provider Bourbon Maritime has emerged from reorganization after eliminating 1.5 billion euros in debt.
The Brazilian federal prosecutor has pressed charges against Maersk and its former executives over allegations regarding the payment of bribes to the country’s national oil company Petrobras, Reuters reports.
Danish offshore drilling contractor Maersk Drilling has appointed a new Chief Financial Officer as its current CFO is planning to leave the company early next year.
Australian marine services provider Go Marine has been awarded a contract by compatriot Santos for the provision of an anchor handler in support of drilling campaign offshore Australia.
Nord Stream 2 has picked a ship to finish laying sections of its pipeline under the Baltic Sea, a German agency overseeing the work said, indicating the Russian company has found a way to get around U.S. sanctions that have halted the project.
Offshore projects in the United Arab Emirates (UAE) are part of the Supreme Petroleum Council’s approval of a US$120Bn energy budget