Industry News

Noble Corporation announced new contract awards for nine rigs worth approximately $1.3 billion of backlog, including a three-year contract for the harsh environment semisubmersible Noble

Beacon Offshore Energy started oil and natural gas production from the Zephyrus field in the US Gulf of Mexico, following startup of the initial development

Equinor and its partners have discovered oil in wildcat well 6507/8-12 S in production license 124 B on the Norwegian Continental Shelf. The well tested

Vår Energi announced the completion of the appraisal well with two production tests on the Zagato structure in the Goliat Ridge discovery in the Barents

Patterson-UTI signed a multi-year agreement to lease two high-spec APEX 1500 drilling rigs to Archer. The rigs will support Archer’s operations in Argentina’s Vaca Muerta

The Norwegian Ministry of Energy has offered 57 new production licenses to 19 companies on the Norwegian continental shelf in the APA 2025 licensing round.

Saipem will restart operations of the Perro Negro 7 jackup in Saudi Arabia beginning this month. The contract, which was awarded to Saipem in 2011

Archer was awarded an integrated Plug and Abandonment (P&A) contract with Equinor for 30 subsea wells. The firm contract term is three years including two