Offshore drilling contractor Valaris — which until a 2019 name change was called EnscoRowan — reports that on April 30, 2021, it completed its financial restructuring and emerged from Chapter 11 bankruptcy.
After a challenging 2020, oil and gas demand recovery — supported by vaccination efforts and OPEC+ supply cuts — is proving good for drilling activity, says Oslo, Norway, headquartered consultancy Rystad Energy.
DECEMBER 31, 2018 — In a year-end morale booster for the offshore drilling industry, Transocean Ltd. (NYSE: RIG) reported Friday that it had signed a rig design and construction management contract, as
OCTOBER 4, 2018 — In another sign of increasing optimism in the offshore drilling market, Tor Olav Troim’s Borr Drilling Limited has decided to start the activation of four additional newbuild jack-ups.
SEPTEMBER 4, 2018 — Offshore drilling contractors Transocean Ltd. (NYSE: RIG) and Ocean Rig UDW Inc. (NASDAQ: ORIG) report that they have entered into a definitive merger agreement under which Transocean will
MAY 25, 2018 — Equinor (the company formerly known as Statoil) has awarded Odfjell Drilling a contract for the sixth-generation semisubmersible Deepsea Atlantic for six firm wells with an estimated total duration
MAY 7, 2018 — The Trump Administration’s plans to open up Atlantic waters for offshore drilling continue to face mounting resistance from coastal states. Back in March, New York Governor Andrew Cuomo
JANUARY 12, 2018 — There’s growing opposition to plans announced January 4, by Interior Secretary Ryan Zinke to make “over 90 percent of the total OCS acreage and more than 98 percent
APRIL 28, 2017 — Setting the stage for many likely legal challenges, President Donald J. Trump today issued an Executive Order aimed at implementing an America-first offshore energy strategy. As well as
DECEMBER 21, 2016 — Oil and gas industry voices are already calling on the incoming Trump administration to reverse “permanent” restrictions on drilling in the Arctic and Atlantic announced yesterday by President