Offshore rig rates are due to surge within two years as activity accelerates, according to new data.
Texas, home to the world’s largest oil reserve and America’s biggest source of coal-fired power, is on the verge of a clean-energy boom.
Aberdeen-based KCA Deutag saw its losses widen by 68% in its full year accounts yesterday, despite a “robust” performance from its North Sea business.
Offshore is ready for the limelight again.
A north-east drilling and engineering company has continued its hot streak of contract wins for global onshore jobs.
North Sea contractor Awilco Drilling has ordered a new semi-submersible rig for £325 million – and found a new chief executive.
Rig contractor Ensco has increased its takeover offer for rival firm Rowan.
UK Continental Shelf
After more than 3 years of taking a hammering, drillers are set to rise.
The government shutdown is now delaying the rollout of President Donald Trump's plans to expand offshore drilling.
Five workers are missing following a gas explosion at a drilling site in Oklahoma, according to a news report.
Westwood Global Energy reports that in the UK in December there was just one new well spud in the Central North Sea, whilst operations on four wells were completed. 2017 saw a total of 23 E&A wells* completed. At the end of December, just one exploration well was active on the UKCS.
A Perth-based extended reach drilling company has moved to an employee ownership model as it looks to drive growth and take advantage of an improving oil and gas market.
Oil and gas exploration company, Pantheon Resources, has kicked-off the drilling of its Wilcox formation development.
Norwegian operator Statoil has been given the green light for drilling on the giant Troll gas field, in the North Sea.
Senate Republicans set the stage for using the budget to end the 37-year ban on oil and gas drilling in Alaska’s pristine Arctic National Wildlife Refuge.
West Texas drillers again left scores of untapped wells in their wake last month as they drilled and pumped even more oil into the oversupplied market.
Caution lights are flashing for the oil industry.
Norway's offshore safety watchdog has given Aker BP its blessing to drill an exploration well on the Nordfjellet prospect in the North Sea.
The struggling offshore energy sector may have finally bottomed out, analysts said, with Ensco leading the rebound by winning several new West African drilling contracts.
The US drilling surge could begin to plateau soon as operators grapple with both falling prices and growing constraints on equipment and labor.
Seadrill subsidiary North Atlantic Drilling (NADL) has extended the deadline for closing a landmark deal with Russia's state-run Rosneft.
Lundin has been granted consent to drill an exploration well in the Alta prospect in the Barents Sea.
At the time of writing, there were no April E&A (exploration & appraisal) well spuds to report, ergo the new well count for 2017 stays at two. The number of active wells also remains at just two, including one carried over from 2016.