Analysts are expecting a backlash from Beijing as Malaysian national oil company (NOC) Petronas prepares to drill in gas-rich Block SK 316 in the South China Sea off the eastern Malaysian state of Sarawak.
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.
Transocean Ltd. is exploring strategic alternatives to address its $9 billion of debt as the world’s biggest owner of deep-water oil rigs confronts history’s worst crude crash.
Noble Corp., the offshore drilling contractor, filed for bankruptcy with a plan to cut more than $3.4 billion of debt after a crash in crude prices made undersea oil wells too expensive.
Transocean said in its latest fleet status report that Hurricane Energy had terminated its contract for the Paul B Loyd Jr drilling rig.
Transocean Deepwater plans to lay off as many as 110 workers after the Houston offshore driller could not secure a new contract for one of its drillships amid low oil prices.
Climate activist group Greenpeace has been hit with an £80,000 fine over North Sea protest action in 2019.
A Greenpeace boss has vowed that his organisation “will not be silenced” despite facing a lengthy prison sentence over North Sea protest action in 2019.
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.
Rig operator Transocean has seen its pre-tax losses more than double year-on-year as it tackles the effects of Covid-19 and the oil price crash.
Climate activist group Greenpeace has a “good chance” of challenging BP’s North Sea permit for the Vorlich field, according to the organisation’s director.
Burullus Gas has ended a contract for Transocean’s Deepwater India rig, which had been operating in Egypt.
Transocean has said it is “taking precautions” after two crew members tested positive for Covid-19 on one of its rigs offshore UK.
The UK Government has been ordered to pay the costs of Greenpeace seeking a judicial review after it rubber-stamped BP’s drilling plans for a North Sea field without telling the public.
A judge will decide next month whether to punish an executive director of Greenpeace for his hand in a protest on board an oil rig last year.
Drilling contractor Transocean will today ask a Scottish court to slap Greenpeace with heavy fines and send one of its bosses to prison over a high-profile protest last year.
With margins staying “razor thin” and cost pressures continuing to bear down, the offshore supply chain may take on a “whole new look” this year, according to a Wood Mackenzie analyst.
Drilling contractor Transocean is understood to pushing for jail time and fines against Greenpeace bosses, despite receiving a favourable ruling halting any further North Sea action.
A Greenpeace climate boss has warned that "increased" North Sea protest action will take place if strong measures on tackling emissions aren’t executed by oil and gas firms.
Equatorial Guinea expects $1.4 billion to be invested in the country in the 2020 fiscal year, with a mix of exploration and appraisal drilling.
One of the world’s biggest offshore drilling contractors will go to court today seeking action against Greenpeace following a massive demonstration earlier this year.
Shares in Hurricane Energy slid on Monday despite the company confirming oil at a field west of Shetland.
Losses widened at drilling contractor Transocean in a third quarter marked by a hefty impairment on vessels which are being taken out of service.
One of the most serious safety issues associated with North Sea drilling could soon be a thing of the past thanks to a new technology created and developed in Aberdeen.
Transocean has a hybrid energy storage system on its Spitsbergen drilling rig, currently deployed at the Snorre field in Norway.