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Noble Corp. Shareholder to Vote Against Maersk Drilling Merger
Following the announcement of a proposed merger between offshore drillers Maersk Drilling and Noble Corporation on Wednesday, a Noble shareholder said it would vote…
Standard Drilling Sells Stake in VLCC Gustavia S
Norwegian investment company Standard Drilling said Tuesday it had sold its 33.3% ownership in the VLCC Gustavia S, following the updated company strategy. Standard Drilling…
“It’s alive!”: Offshore Drillers Start Resuscitating Idle Drillships
Offshore drilling rig reactivations have begun as utilization and dayrates continue their rapid recovery, Esgian's Teresa Wilkie writes.We expected it to happen just not necessarily this soon. But now it’s official, several cold-stacked rigs are about to be reactivated for new jobs in the Golden Triangle, and Valaris is taking the lead. Just last week, the driller confirmed that it will reactivate 6th generation…
U.S. Offshore Wind Expansion: Here’s How Officials Decide Where Turbines May Go
The Biden administration has announced ambitious plans to scale up leasing for offshore wind energy projects along the Atlantic, Gulf, and Pacific coasts. In an announcement released on Oct. 13, 2021, the U.S. Department of the Interior stated that it will “use the best available science as well as knowledge from ocean users and other stakeholders to minimize conflict with existing uses and marine life.” University of Massachusetts Boston public policy scholar David W.
California Lawmakers Look to Ban Offshore Drilling after Spill
Democratic members of Congress from California seized on the oil spill off the state's coast to promote federal legislation to ban all offshore oil drilling, as investigators searched for what caused the pipeline to burst.About 3,000 barrels (126,000 gallons) of crude oil spilled into the Pacific Ocean, killing wildlife, soiling the coastline, and forcing officials to close beaches in several cities in Orange County, just south of Los Angeles.
Lebanon Can't Dictate Terms in Sea Border Talks, Israel's Energy Minister Says
Israel is ready to renew efforts to solve its dispute with Lebanon over the delineation of their territorial waters in the Mediterranean, but it will not accept that Beirut dictates the terms of the negotiation, its energy minister said on Tuesday.The talks mediated by the United States were launched a year ago to try to resolve the dispute, which has held up exploration in the potentially gas-rich area. The talks stalled in May.U.S.
'Catastrophic' California Offshore Oil Spill Kills Fish, Damages Wetlands
A large oil spill off the southern California coast left fish dead, birds mired in petroleum and wetlands contaminated, prompting local officials to call it an environmental catastrophe.The U.S. Coast Guard, heading a clean-up response involving federal, state, and city agencies, said on Sunday there was an around-the-clock investigation into how the spill occurred.An estimated 126,000 gallons, or 3…
Gulf Coast Oil Firms Return to Ida Recovery as Storm Nicholas Recedes
Energy companies worked to restore pipeline service and electricity after Tropical Storm Nicholas passed through on Tuesday, allowing them to return to repairing the significant damage caused by Hurricane Ida two weeks ago.Nicholas, downgraded to a tropical depression late Tuesday, caused rain, flooding, and power outages in Texas and Louisiana, where some refineries remained offline in the wake of Hurricane Ida. The earlier storm shuttered most U.S.
Seadrill Closer to Chapter 11 Emergence as Court Nod Granted
Offshore drilling company Seadrill has moved a step closer to reaching bankruptcy emergence after the United States Bankruptcy Court for the Southern District of Texas approved the disclosure statement for the company's proposed plan of reorganization.Seadrill said Friday that the court had authorized the company to distribute the disclosure statement and solicit votes from all lenders on the Plan.
Coast Guard: No Active Discharge Near Reported Oil Spill Sites in Gulf of Mexico
Following reports of oil spills found along the Southeast Louisiana coast in the aftermath of Hurricane Ida, the U.S. Coast Guard said Monday it had conducted overflights Sunday that focused on two locations previously identified for further investigation."Members of the National Strike Force aboard a Coast Guard HC-144 flew over Bay Marchand, south of Port Fourchon, Louisiana, and the Enterprise Offshore Drilling rig in the Gulf of Mexico…
Noble Corp. Sends Force Majeure Notice to Shell over Drillship Damaged in Storm
Offshore drilling contractor Noble Corporation has sent a force majeure notice to its client Shell over the Noble Globetrotter II drillship contract after the rig…
U.S. Offshore Oil Firms Eye New Bases after Storm Damages Key Hub in Louisiana
Offshore energy companies have started searching for new bases away from Louisiana's devastated ports as oil and gas companies launch efforts to resume their Gulf of Mexico operations.Port Fourchon, a key hub for the offshore industry, was slammed by Ida on Sunday when it made landfall with winds over 150 miles per hour (240 kph). Supply boat, fuel and air ferry services were still unable to access…
Transocean and Dolphin Drilling Make New Bid for Seadrill
Offshore drilling rig contractors Transocean Ltd and Dolphin Drilling have made a new offer to buy the assets of stricken rival Seadrill Ltd, Dolphin's chief executive said on Friday.Oslo-listed Seadrill, founded by Norwegian-born tycoon John Fredriksen, is seeking to emerge from U.S. Chapter 11 bankruptcy proceedings under an alternative financial plan filed in court last month."I can confirm that Dolphin and Transocean submitted an updated bid yesterday…
Northern Drilling Cancels Drillship Order with DSME. Seeks $90M+ Refund
Billionaire John Fredriksen-owned offshore drilling company Northern Drilling said Tuesday it had canceled a drillship resale contract with the South Korean shipbuilder…
Transocean Reels In Two Deepwater Drillship Deals in Gulf of Mexico
Offshore drilling firm Transocean said Wednesday it had secured contracts for two offshore drilling rigs in the Gulf of Mexico. The contracts are worth $55.5 million…
Florida Senators Move to Firm Up Offshore Drilling Ban
U.S. Senators Marco Rubio (R-FL) and Rick Scott (R-FL) introduced the American Shores Protection Act to codify the moratorium on oil and gas drilling off the coasts of Florida that was put in place by September 8, 2020, Executive Order by then-President Trump. Under the legislation, the moratorium would be in place for the Eastern Gulf of Mexico and South Atlantic until 2032.Congressman Michael Waltz (R-FL) introduced companion legislation in the U.S. House of Representatives.
VIDEO: Jack-up Unit Tilts Off China. Four Missing
Four people fell into the sea and went missing after an offshore construction unit tilted off the coast of Huzhou City, China, CGTN, a Chinese state-backed news website, said Monday.According to CGTN, there were 65 people on board when the incident took place.CGTN said in a video tweeted on Monday that four people had been missing, with the rest of the crew rescued.The news agency further said that…
Transocean Sees Multiple Offshore Rig Deals Awarded, One Terminated in Q2
Offshore drilling contractor Transocean on Wednesday released its quarterly offshore drilling rig fleet status report, which shows one contract terminated in Norway…
Saipem Charters Ultra-deepwater Drillship from Samsung Heavy Industries
Italian oilfield services giant Saipem has chartered a newbuild drillship directly from South Korea's Samsung Heavy Industries shipyard.Saipem expects the drillship - named Samsung Santorini - to be delivered in November 2021, when the Italian firm will take the 7th generation rig on a two-year charter. No dayrate details have been shared. Recent fixtures for 6th/7gen rigs saw dayrates in the $190.000-$210.000 per day range…
Biden May Hinder Oil and Gas Drilling Despite Court Loss
U.S. President Joe Biden’s administration has the power to stymie oil and gas development on government-controlled lands and waters, industry and environmental experts said, even though a court decision ended his freeze on federal drilling auctions.Some options, they said, include offering sparse acreage or imposing more time-consuming permitting requirements."We lived through the Obama administration…