Oil rig news
Two COSL rigs awarded drilling contracts
Equinor has awarded COSL Offshore Management AS two contracts and will employ COSLPromoter and COSLInnovator on the Norwegian continental shelf.
Southeast Asia focus spending on cleaner energy initiatives
Southeast Asia's renewable investment to top US$76 billion by 2025, boosting energy independence and competitiveness.
New US$100 million contract for semi-submersible rig Hercules
SFL has announced that it has signed a drilling contract in Canada with a value of approximately US$100 million.
Chesapeake Energy have agreed to sell its remaining Eagle Ford assets
Chesapeake Energy Corporation has announced that it has executed an agreement to sell its remaining Eagle Ford assets to SilverBow Resources, Inc. for US$700 million.
Archer secures decommissioning contract in Fulmar field
Archer has secured a US$165 million Repsol Sinopec contract for P&A decommissioning in the Fulmar field and the Halley field.
Wood secures extension to brownfield projects contract with Woodside Energy
Wood has been awarded a contract extension by Woodside Energy to support ongoing operations of the North West Shelf project in Australia.
Odfjell Drilling sign two North Sea rig contracts with Equinor
Odfjell drilling has announced the signing of two rig contracts and a strategic collaboration agreement with Equinor for operations in the North Sea.
Dry well near the Troll field in the North Sea
Equinor Energy AS, has completed the drilling of wildcat well 31/2-24. The well was drilled about 3 km west of the Troll field in the North Sea and about 115 km Northwest of Bergen.
Floating rig utilisation rebounds to pre-COVID levels
Rig demand is expected to increase 20% from 2024 – 2025, meaning rates are up 40% from the past year.
Equinor Energy AS concludes drilling of wildcat well 34/6-6 S
The well was drilled about 10 km north of the Visund field, and about 190 km northwest of Bergen.