Despite the political and social turmoil in Myanmar, South Korea’s Posco International is sending a second deep-water drilling rig to the troubled Southeast Asian state to continue development work at the Shwe gas field.
Even when the Covid-19 downturn is finally past us, operators will have to continue exploring new avenues for cost reductions to be better equipped to withstand future market declines. In a report that looked into the adoption of robotics across the petroleum industry, Rystad Energy found that existing solutions could replace hundreds of thousands of oil and gas jobs globally and reduce drilling labor costs by several billion dollars by 2030, if there is an industry push for such a transition.
Use of offshore drilling rigs globally has seen the largest monthly drop in 20 years, according to analysis from Rystad Energy.
Scrapping of offshore oil rigs needs to be significantly ramped up in order to end the “bankruptcy nightmare” of their owners, according to Bassoe Offshore.
Oil and gas decommissioning firm Well-Safe Solutions has acquired a second rig in a move it claims will spark the creation of about 100 new jobs.
UK operators will "struggle” to find semi-submersible rigs for work in the North Sea next year, according to new analysis.
Offshore drilling contractors are going bust at the fastest pace in three years as explorers spurn high-cost drilling to deal with a worldwide slump in commodity prices.
Diamond Offshore has received a warning from the safety regulator after “asbestos debris” was spread on a North Sea rig.
What in recent offshore industry terms were regarded as five of the most powerful brands in US drilling history are in deep trouble and the situation can only get worse.
Diamond Offshore Drilling Inc., the rig contractor controlled by Loews Corp., filed for bankruptcy amid an unprecedented crash in crude prices that’s wrecking demand for oil exploration at sea.
Shell and Diamond Offshore have “mutually agreed” the release of the Ocean Valiant rig from its contract.
A trio of oil rigs whose departure from the UK was blocked two years ago amid safety and environmental concerns are still in the Cromarty Firth.
A senior diving boss has described how his son has been “crippled by incompetence” while preparing an oil rig for work in the North Sea.
Diamond Offshore has announced a £39million extension with Apache in the UK North Sea as part of £480million in new work secured in 2019.
Australia’s FAR has signed a deal to allocate its share of crude from Senegal’s Sangomar field to Glencore Energy.
Apache and partner Chrysaor have started drilling an exploration well in the UK North Sea.
Lower dayrates and fewer revenue-earning days saw profits drop by more than 90% at Diamond Offshore’s UK business.
Oil giant Shell has brought in Diamond Offshore's Ocean Endeavor for drilling work at its Fram gas field in the North Sea.
Aberdeen-based Diamond Offshore has continued its streak of widening losses, reporting a near doubling of its pre-tax figure from the same period last year.
Simulator training to prepare crews for the specific drilling conditions at Blackrock off Shetland has proved so successful it is being rolled out across other projects.
Diamond Offshore has reported a more than doubling of its losses in the first half of 2019.
Unite is seeking to re-establish negotiations with a “breakaway” group of drilling firms after workers last month rejected a “derisory” pay offer.
Diamond Offshore saw its losses widen in the first part of 2019.
An Aberdeen-headquartered firm has reached a major milestone in its quest to become the oil and gas industry’s top well-decommissioning specialist.
Diamond Offshore has confirmed one of its rigs has been newly-hired by Shell for work in the North Sea.