Helmerich & Payne has announced its quarterly dividend and provides an operational and capital expenditures update. On 4 September 4 2019, the Board of Directors of H&P held a meeting and declared a quarterly cash dividend of $0.71/share on its common stock...

Sonadrill, Seadrill's 50:50 joint venture with an affiliate of Sonangol, has secured a nine-well contract with six options, each for one well, in Angola for the Libongos drillship. The estimated total contract value is $101 million...

Maersk Drilling has announced that it has entered a contract with Petrogas to drill an appraisal well at the Birgitta field in the central part of the UK North Sea. The contract value is $7.6 million...

Although the Permian Basin still dominates US land drilling and will continue to do so in the near future, the pace of growth in this region has slowed significantly since late 2018...

The uncertainty in oil prices since late 2018 has led many operators in the Permian to pull back their activities this year as they strive for more capital discipline. This has been true for Parsley Energy, a Permian-focused independent oil and gas company founded in 2008...

Though set to become the world’s third largest gas producer by 2027, China’s imports will still grow in the long term. According to recent research by Wood Mackenzie, one key contributing factor is lower forecast in domestic gas production, particularly in shale gas and coal bed methane...

BP has announced that it has agreed to sell its entire business in Alaska to Hilcorp Alaska, based in Anchorage, Alaska. Under the terms of the agreement, Hilcorp will purchase all of BP's interests in the state for a total consideration of $5.6 billion...

According to new research published by the leading representative body for the industry, total employment supported by the UK offshore oil and gas sector is now back in line with industry’s long-term trend...

Equinor has announced the second class of global start-up companies selected to participate in the Techstars Energy Accelerator. Three Norwegian companies participate in the program. The ten start-up companies have been selected from hundreds of applicants across 42 countries...

Valaris has announced new contracts and contract extensions, with associated revenue backlog of $84 million, awarded subsequent to filing the company’s most recent fleet status report on July 25, 2019...