Updated: Coastguard mounts rescue operation as drillships get into trouble off Ayrshire
Coastguard teams launched a major rescue operation after “very high winds” caused a drillship to break free of its moorings in Ayrshire.
Valaris
Covid on Premier Oil Balmoral platform puts fourteen workers into quarantine
More than a dozen workers are in quarantine after a crew member on the Premier Oil Balmoral platform tested positive for Covid-19.
Workers removed from Forties Bravo platform due to Covid
Apache has confirmed that a pair of workers have been removed from the Forties Bravo installation due to Covid-19.
SpaceX converting former Valaris rigs to spaceports
Two former Valaris rigs are set for a new role – as launch sites for SapceX’s next generation of rockets.
Workers evacuated from Valaris oil rig after New Year’s Day Covid outbreak
Workers were evacuated from a Valaris oil rig after a Covid outbreak on board on New Year’s Day, with questions raised on testing procedures.
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.
Chris Johnston joins Acteon as InterMoor group managing director
Subsea specialist Acteon Group has appointed Chris Johnston as group managing director for InterMoor.
Use of offshore rigs sees ‘largest monthly drop for 20 years’ – Rystad
Use of offshore drilling rigs globally has seen the largest monthly drop in 20 years, according to analysis from Rystad Energy.
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.
UK operators will ‘struggle’ to find rigs for North Sea work in 2021 – Bassoe
UK operators will "struggle” to find semi-submersible rigs for work in the North Sea next year, according to new analysis.
‘Structurally broken’ offshore drilling sees wave of firms go bust
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.
Valaris, world’s largest offshore driller, files for Chapter 11 bankruptcy
Valaris, the world’s largest offshore drilling firm, has filed for Chapter 11 bankruptcy with a plan it said would reduce its debt by $6.5billion.
Aramco pauses Shelf contract
Saudi Aramco has paused its contract for the High Island IV jack-up rig, owned by Shelf Drilling.
Acteon hires ex-Ensco boss as new CEO
Marine energy service firm Acteon Group has hired Carl Trowell as its chief executive, replacing Richard Higham.
Furlough extension ‘welcomed’ but unlikely to halt North Sea redundancies, industry chiefs warn
North-east energy sector chiefs largely welcomed an extension of the UK Government furlough scheme, but cautioned it may do little to roll back the tide of oil and gas redundancies.
Multiple workers evacuated from Valaris North Sea rig with suspected Covid-19 symptoms
A group of workers have been evacuated from a Valaris drilling rig working in the North Sea due to concerns over an outbreak of Covid-19 onboard.
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.
Aberdeen MSP tells North Sea firms not to ‘turn their back’ on workers during Covid-19 crisis
An Aberdeen MSP has written to a clutch of North Sea firms calling on them to reconsider their decision to terminate hundreds of staff rather than use a UK Government-backed furlough scheme.
Impairments sink Valaris to a £2.5billion loss
Rig operator Valaris fell to a £2.5billion pre-tax loss for the first quarter of 2020 due to write-downs on its oil and gas assets.
Valaris sets out plans to cut up to 332 jobs
Drilling firm Valaris has set out plans to cut up to 332 jobs across its offshore rig fleet as contracts are cancelled amid the Covid-19 pandemic.
Texo Group tackles integrated service on Valaris 123
Texo Group has been delivering a range of services on Valaris 123 at the Port of Dundee including its rebranding.
Valaris could make up to 600 workers redundant as rig contacts dry up
Drilling firm Valaris has informed staff it could make hundreds of redundancies as rig contracts have dried up due to the recent slump in oil prices.
Valaris set to undertake drilling works at Premier Oil’s Catcher field
Drilling firm Valaris is set to undertake drilling and subsea work at Premier Oil's North Sea Catcher field next week.
Total, Chevron terminate Valaris rigs off Angola
Total and Chevron have cancelled rigs contracted from Valaris, working in Angola, the drilling company has announced.
Price plunge fires up short sellers
As prices have plunged, interest in short selling of oil companies has increased.