With uncertainty and mounting challenges on the horizon for the oil industry, many rig owners are already - or will soon - be facing the question of whether or not it is time to stack their offshore drilling rigs...

CNOOC Limited announced that Qinhuangdao 33-1S oilfield phase I project has commenced production. A total of 13 producing wells are planned, including nine production wells and four water injection wells...

The Norwegian Petroleum Directorate issued a drilling permit for the two-well campaign, which will be performed Odjfell’s Deepsea Yentai after the semisubmersible finishes drilling production wells on the Duva field, also operated by Neptune.

Equinor and Aker BP have entered into an agreement on commercial terms for a coordinated development of the licenses Krafla, Fulla and North of Alvheim on the Norwegian Continental Shelf...

DNV GL and ABB have signed a new Memorandum of Understanding to accelerate digitalization in the maritime industry. The agreement was signed remotely in an online ceremony...

The Bureau of Safety and Environmental Enforcement (BSEE) Hurricane Response Team continues to monitor offshore oil and gas operators in the Gulf as operators resume operations on platforms and rigs following Tropical Storm Cristobal...

Baker Hughes has announced that the Baker Hughes international rig count for May 2020 was 805 down 110 from the 915 counted in April 2020, and down 321 from the 1,126 counted in May 2019. The international offshore rig count for May 2020 was 195, down 33 from the 228 counted in April 2020...

According to Wood Mackenzie, the oil price crash has come at a time when the US Gulf of Mexico is leaner and nimbler and is better prepared to weather the storm compared to the last downturn...

The Offshore Operators Committee Oil & Gas Blockchain Consortium announced the successful completion of its first pilot leveraging blockchain technology...

The Department of Petroleum Resources, on behalf of the Federal Government of Nigeria, has announced the commencement of its 2020 Marginal Field Bid Round exercise.