Kistefos considers class action lawsuit over Solstad restructure deal
Solstad Offshore warned one of its investors is considering bringing a class action lawsuit over losses it allegedly incurred as a result of a recent refinancing deal.
Solstad Offshore warned one of its investors is considering bringing a class action lawsuit over losses it allegedly incurred as a result of a recent refinancing deal.
Rig operator Diamond Offshore Drilling (NYSE:DO) posted a loss of $145 million as it released its fourth quarter results.
Aberdeen-headquartered Dolphin Drilling (OSE:DDRIL) has announced its fourth quarter (Q4) results as the company's order backlog rises above $1.1 billion (£870m).
Noble Corporation (NYSE: NE) has landed a clutch of drilling deals in the North Sea as demand continues to see rigs being booked up.
Drillers will “undoubtedly be considering moving more rigs elsewhere” if offered higher rates and longer time frames, analysts say.
An exodus of drilling rigs from the North Sea could curb plans to drill the hundreds of wells needed to make the basin’s carbon storage ambitions a reality.
Dolphin Drilling announced the official transfer of two Transocean rigs bought last year as it looks to meet rising demand in the UK North Sea.
Diamond Offshore Drilling Inc. said equipment on a rig under lease to BP Plc (LON:BP) accidentally broke free during a storm and sank to the bottom off the UK coast. No one was injured and no crude leaked into the ocean.
Operator NEO Energy submits environmental statement for Buchan redevelopment in Moray Firth.
Aberdeen's Three60 Energy has secured two engineering and construction contracts with BW Offshore (BWO) across its Catcher and Adolo production vessels.
Dolphin Drilling has vowed to appeal.
Offshore drilling contractor Valaris (NYSE:VAL) has announced a swathe of new contracts and extensions, with its order backlog rising to $1.14 billion.
A marine energy consultancy and HSE specialist have teamed up to create what they say will be the leader in the Aberdeen rig inspection market.
Westwood expects offshore rig dayrates to continue their upward trajectory across the board in 2024 as supply tightens.
The operators of the BW Catcher FPSO vessel have announced its contract has been extended beyond its fixed term.
Unclear information and in some cases "contradictory" procedures meant the rig operator did not act on weather warnings in time to save its mooring systems, an HSE investigation found.
Drilling company Valaris (NYSE: VAL) has been fined £130,000 by an Aberdeen court following a North Sea crane boom collapse in 2016.
An exodus of oil rigs means the North Sea market is expected to “tighten considerably” over the next two years, according to new analysis.
A lack of spare HLV capacity in the North Sea continues to cast serious doubt over the UK's loft offshore wind ambitions.
Sun sets on Perseverance rig's time in the North Sea, with Shelf Drilling announcing a 16 month contract with PetroVietnam.
Forth Ports Group chief executive officer Charles Hammond has announced he will step down from the role next year after 23 years in charge of the Edinburgh-based company.
Now that rates are rising, Middle Eastern demand is slowing – but Southeast Asia has been touted as the next step.
“We’re very much still moving in through an investment phase as I see it on Anasuria over the next few years, which is really exciting."
Safety inspectors have ordered Dana Petroleum to improve practices on its Western Isles vessel over concerns control room staff are not suitably trained to work unsupervised.
Dolphin Drilling (OSLO: DDRIL) has said two North Sea rigs will join its growing fleet in the first quarter of next year.