A stack more floaters are headed for the chop
The direction of travel appears clear; around a quarter of the current offshore floater rig fleet - ships and semi-submersibles - will be sent to the scrapyard near-term.
Noble
Assessing energy merger and acquisition opportunities in a time of pandemic
Mergers and acquisitions have been slowed by the COVID-19 outbreak. But as companies embrace the energy transition opportunities will arise
Offshore rigs need scrapped to end industry’s ‘bankruptcy nightmare’ – Bassoe
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.
Beijing rattles oil companies in South China Sea off Vietnam
Beijing has increased pressure on Hanoi thereby derailing yet another upstream project in the South China Sea.
Debt hyenas are circling stricken rig contractors
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.
Apache and Total celebrate ‘significant oil discovery’ off Suriname
Apache and Total have announced a “significant oil discovery” off the South American nation of Suriname.
Noble rig gets extension with Total in UK
Drilling rig operator Noble has given an update on its fleet, including two new contract extensions in the UK and Middle East.
OGUK announces Safety Awards finalists
The finalists have been revealed for an awards ceremony celebrating companies and people who have made an outstanding contribution to offshore health and safety.
Union wants breakaway North Sea drillers ‘back around negotiating table’
Unite is seeking to re-establish negotiations with a “breakaway” group of drilling firms after workers last month rejected a “derisory” pay offer.
North Sea drillers snub ‘inferior’ pay offer from ‘breakaway group’
Scores of offshore drillers have rejected an "inferior" pay offer from a group of companies accused of snubbing a collective agreement.
‘Breakaway’ drilling contractors condemned by union over ‘inferior offer’
A "breakaway" group of drilling contractors looking to offer different terms to workers have been condemned by a trade union.
DNV GL appoint new decom lead
Energy accreditation and consultancy firm DNV GL has appointed Neil Fraser as its new decommissioning lead.
Noble to move to Stratus building
An Aberdeen-based subsidiary of global drilling giant Noble is relocating from Farburn Industrial Estate, Dyce, to the Stratus building at ABZ Business Park.
Apache, Noble sign on for EPIC Permian oil pipeline
Houston oil producers Apache Corporation and Noble Energy have signed on as the primary customers for the massive EPIC Crude Oil Pipeline that will traverse Texas from the booming Permian Basin near the New Mexico border to Corpus Christi.
Singapore’s reputation at risk as Noble Group battle rages
Noble Group Ltd. dissident shareholder Goldilocks Investment Co. says the Singapore regulator’s handling of the trader’s drawn-out battle for survival is being closely followed by overseas investors, highlighting the importance of the case for the city-state’s reputation as a financial hub.
Fieldwood Energy files for bankruptcy, makes $700m acquisition on same day
Debt-strapped Fieldwood Energy is filing for Ch. 11 bankruptcy protection the same day it said it would acquire Noble Energy's Gulf of Mexico assets in a roughly $700 million deal.
Spirit Energy books Noble jack-up rig
Oil rig firm Noble said today that Spirit Energy has booked one of its rigs for work in the North Sea.
Noble brings in new chief executive
US drilling contractor Noble's chief executive David Williams has been replaced by Julie Robertson following his retirement.
Noble lenders commit to $1.5bn credit facility
Offshore drilling contractor Noble said today that it had agreed a new credit facility with lenders.
Noble forms JV to buy Saddle Butte pipeline for $625m
Noble Energy's pipeline business created a new joint venture to buy Colorado's Saddle Butte Pipeline for $625 million.
Noble Group warns of loss topping $1billion as Vitol buys unit
Embattled commodity trader Noble Group Ltd. agreed to sell most of its oil-liquids business to Vitol Group to help pare down debt, while warning that it’s set to post a net loss of more than $1 billion for the third quarter as its access to financing remains constrained.
Man who helped bury Lehman turns to saving troubled Noble
As Noble Group Ltd. investors head for the door, the embattled commodity trader has turned to a man whose resume is a roll-call of Asia’s highest-profile corporate collapses.
Noble Group jumps as trader confirms strategic stake talks
Noble Group Ltd. surged the most in over a year after it said it’s in discussions with a strategic investor, which sources identified as China’s Sinochem Group.
Leviathan field partners agree development plan
The partners in the Leviathan gas field in the Mediterranean have approved the development plan and are targeting start-up by the end of 2019.
Shell idles Noble rigs
Shell has exercised its right to idle two Noble ultra-deepwater drillships.