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Drilling & production

Valaris files for Chapter 11 restructuring

Valaris has reached an agreement with approximately 50% of its noteholders on a prearranged plan that would reduce debt by more than US$6.5 billion.


Aker BP extends contract for low-emission rig

In direct continuation of its previously announced work scope, the Maersk Integrator rig will move to the Ula field offshore Norway in April 2021 to drill the Ula F – Producer 1 well.


Lundin Energy appoints new CEO

Nick Walker will become President and CEO of Lundin Energy following Alex Schneiter’s decision to step-down from the position.


Equinor appoints new CEO

Anders Opedal will assume the position of president and CEO of Equinor from 2 November 2020.


Hurricane Energy reports risk of material downgrade

Hurricane has concluded that there is a reasonable probability that the oil water contact in the Lancaster field is shallower than the range of oil water contacts envisaged in the 2017 Competent Person’s Report by RPS Energy.