The extension is in direct continuation of Shelf Drilling's current contract in the Arabian Gulf. The contract dayrate allows for annual rate adjustments based on the previous 12-month average Brent crude oil price.

The Trident XII is expected to begin work under the three-year contract in Q4 2021. According to the company’s March 2021 fleet status report, the jackup had been under contract with ONGC from January 2018 to May 2021.

Slovakian company GA Drilling, Finnish company Finest Bay Area Development Oy (FEBAY) and the Finnish Pyhäjärvi city-owned development company Callio have agreed to start testing, developing and operating the GA Drilling PLASMABIT-based geothermal

The company's Plan of Reorganization was approved and confirmed by the US Bankruptcy Court for the Southern District of Texas on 3 March. As of 30 April, it has $615 million of available cash, $40 million of restricted cash and $550 million of debt. Valaris had filed for Chapter 11 on 19 August 2020.

The contract for the Deepwater Asgard drillship is expected to run from June to October 2021 at a dayrate of $240,000, according to Transocean’s latest fleet status report.

Increasing stakeholder and investor pressure and the growing marketability of low-carbon products could be motivating factors for NOCs to adopt low-carbon strategies in the near future, says the global consultancy group.

Odfjell Drilling's Deepsea Yantai semisubmersible will drill four production wells in the North Sea field as part of the campaign, which is expected to last 110 days. Duva is a fast-track project being developed as a subsea installation tied back to the Neptune-operated Gjøa semi-submersible platform.

Mr Lawler's departure is effective 30 April. Mike Wichterich, Chair of the company's Board of Directors, will serve as Interim CEO while the company conducts a search for a new CEO, which it expects to complete over the coming months.

The Uaru-2 discovery is ExxonMobil's 16th discovery in the block, which is estimated to hold 9 billion BOE in reserves. Drilling at Uaru-2 encountered approximately 120 ft of high quality oil bearing reservoirs including newly identified intervals below the original Uaru-1 discovery.

Trident Energy, Perenco and PetroRio among E&P companies joining Petrobras to revitalize the basin’s aging assets, drill new wells By Stephen Forrester, Contributor A lack of investments into Brazil’s Campos Basin in the past decade-plus has led to a clear production decline even while the country’s overall production has increased. However, the basin is nowhere near being put out to pasture. In fact, several independent E&Ps in Brazil, along with Petrobras, appear to have strong plans to lead a full Campos revitalization. Some of that work has already been carried out, achieving early successes in attracting new investment and expanding the labor market, according to panelists speaking at December’s virtual Rio Oil and Gas Conference. In particular, the acquisition of fields ...