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...

Helmerich & Payne has announced its wholly owned subsidiary, Helmerich & Payne Technologies, has acquired DrillScan, a leading provider of proprietary drilling engineering software...

Sparrows Group has announced the award of its first contract to deliver deck operations services in the UK Continental Shelf (UKCS) from BP. The contract builds on the company’s existing long-term relationship with the E&P organization to become a single point of contact for all lifting and handling operations...

Well Conveyor, a Norwegian downhole technology company, has received equity investment from Chevron Technology Ventures (CTV), a division of Chevron. Combined with additional investments, the company raised $1.8 million...

Trelleborg’s offshore operation has been awarded a fast track contract to produce over 80 laminated elastomeric bearings for MODEC. The first delivery was in July 2019 and the bearings will be installed on a floating production storage and offloading (FPSO) vessel for use in the Area 1 block offshore Mexico...

Rival Downhole Tools (Rival), a portfolio company of EV Private Equity, has secured a five-year collaborative supply agreement for drilling motors for US Land from a major oilfield services provider...

Baker Hughes, a GE company, announced that the Baker Hughes international rig count for July 2019 was 1,162, up 24 from the 1,138 counted in June 2019, and up 165 from the 997 counted in July 2018. The worldwide rig count for July 2019 was 2,238...