Norwegian-headquartered company Dolphin Drilling ASA has filed for bankruptcy, but has transferred all operating subsidiary businesses into a new holding firm.
North Sea oil firm i3 Energy has signed a letter of intent with Dolphin Drilling for a multi-well job this summer.
Fred. Olsen Energy (FOE) has binned its restructuring plans after commodity price volatility derailed its efforts to sell a vessel for £266 million.
Oil major BP has booked a Dolphin Drilling rig for a UK North Sea job for just under £6million.
A termination for convenience notice was received by Dolphin Drilling from Anadarko Petroleum Company, ending what was a four-year contract.
Norway's Petroleum Safety Authority has said Statoil can use the Bideford Dolphin rig to drill and complete a well on the Snorre field.
Dolphin Drilling is in consultation over further redundancies from its North Sea operations.
Dolphin Drilling will make up to 180 job losses from its operations in Norway.
Dolphin Drilling will cut more than 150 jobs in a fresh round of redundancies, the company has confirmed.
Wintershall and its drilling contractor Dolphin Drilling have been given a deadline of August 2 to tell Norwegian authorities how it will make improvements and correct non-conformities in its emergency preparedness on the Borgland Dolphin drilling rig.
Dolphin Drilling is in consultation with staff over potential job reductions across its offshore fleet. The company’s offshore activities, which are controlled from offices in Scotland, Norway and Mozambique, have confirmed the move. A spokeswoman for Dolphin Drilling said talks were being carried out with those likely to be affected.