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Offshore Drilling Newsletter
  • Oil Drilling Recovery Unlikely This Year, Baker Hughes Says 26 Jul 2024 22:17 GMT

    … 2024 1:05 PM, EDT Oil Services Provider Cuts US Spending … saying an anticipated recovery in oil drilling is no longer likely this … The world’s No. 2 oil services provider by market value … forecasting growth for international and offshore oil activity while U.S. …

  • Borr Drilling Scoops $332M in Three Jack-Up Rig Contracts 26 Jul 2024 18:53 GMT

    Offshore drilling contractor Borr Drilling has secured contracts for three … Marathon Oil in Equatorial Guinea. "These new awards reinforce Borr Drilling… , Chief Commercial Officer of Borr Drilling. Additionally, the company previously announced …

  • More offshore oil & gas acreage for Jadestone in Malaysian waters 26 Jul 2024 16:47 GMT

    AIM-listed and Singapore-headquartered oil and gas player Jadestone Energy … sharing contract (PSC) offshore Peninsular Malaysia with Malaysia Petroleum Management, an affiliate … is optimistic about future infill drilling across the existing SFA cluster …

  • Borr Drilling’s 22-strong rig fleet booked: Three jack-ups pick up gigs in Brazil, Malaysia, and Gabon 26 Jul 2024 16:47 GMT

    … , which finished operations with ROC Oil in Malaysia and started operations … its subsequent contract with Marathon Oil in Equatorial Guinea. The 2011 … the top ten drilling contractors continue to dominate the offshore drilling market, Westwood …

  • OPEC Oil Reserves in Decline 26 Jul 2024 16:06 GMT

    … derisked thanks to intensified drilling operations across the Vaca … oil group’s members hold 1,215 billion barrels of crude … . 4. West African Oil Investment Slumps As Erstwhile … oil companies’ appetite to invest, even TotalEnergies’ Preowei offshore

  • Jadestone Energy Secures Four Shallow Water Fields Offshore Malaysia 26 Jul 2024 12:49 GMT

    Asia-pacific focused oil and gas company Jadestone Energy … Cluster PSC) offshore Malaysia by Petronas, through Malaysia Petroleum Management. The SFA … significant upside from future infill drilling across the existing SFA Cluster …

  • How Dangerous Is Extreme Weather for Oil and Gas Companies In 2024? 26 Jul 2024 12:26 GMT

    oil and gas operations, Frederick J. Lawrence, the ex-Independent Petroleum … in addition to top oil and gas exporter), increased … Mexico,” Wald continued. “Offshore drilling platforms in this area will … assessed and repaired for oil production to recommence,” …

  • Noble-Diamond Offshore merger process is off to a good start: Will it prompt further rig market consolidation moves? 26 Jul 2024 11:15 GMT

    Two Texas-headquartered offshore drilling giants, Noble Corporation and Diamond Offshore, have gotten … growth opportunities in the dynamic offshore drilling ecosystem, especially the last … oil and gas operators and players show a decisive pivot to offshore

  • GA Drilling partners Petrobras to enhance drilling efficiency   26 Jul 2024 10:58 GMT

    … deep drilling processes.   The collaboration involves the Brazilian state-owned oil and … people, conducts research in the oil and gas sector to support … to enable the drilling of deep and complex offshore wells from lighter …

  • Global recoverable oil reserves hold steady at around 1500 billion bbl 26 Jul 2024 10:36 GMT

    … have shifted from offshore capacity expansions to onshore infill drilling. The only … expected slump in both oil demand and crude prices. “The world’s … remaining oil reserves are insufficient to support oil

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