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.
Mergers and acquisitions have been slowed by the COVID-19 outbreak. But as companies embrace the energy transition opportunities will arise
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 has increased pressure on Hanoi thereby derailing yet another upstream project in the South China Sea.
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 have announced a “significant oil discovery” off the South American nation of Suriname.
Drilling rig operator Noble has given an update on its fleet, including two new contract extensions in the UK and Middle East.
The finalists have been revealed for an awards ceremony celebrating companies and people who have made an outstanding contribution to offshore health and safety.
Unite is seeking to re-establish negotiations with a “breakaway” group of drilling firms after workers last month rejected a “derisory” pay offer.
Scores of offshore drillers have rejected an "inferior" pay offer from a group of companies accused of snubbing a collective agreement.
A "breakaway" group of drilling contractors looking to offer different terms to workers have been condemned by a trade union.
Energy accreditation and consultancy firm DNV GL has appointed Neil Fraser as its new decommissioning lead.
An Aberdeen-based subsidiary of global drilling giant Noble is relocating from Farburn Industrial Estate, Dyce, to the Stratus building at ABZ Business Park.
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.
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.
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.
Oil rig firm Noble said today that Spirit Energy has booked one of its rigs for work in the North Sea.
US drilling contractor Noble's chief executive David Williams has been replaced by Julie Robertson following his retirement.
Offshore drilling contractor Noble said today that it had agreed a new credit facility with lenders.
Noble Energy's pipeline business created a new joint venture to buy Colorado's Saddle Butte Pipeline for $625 million.
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.
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 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.
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 has exercised its right to idle two Noble ultra-deepwater drillships.