Borr Drilling CEO speaks up on new drilling contract model

The driller is offering performance based drilling contracts to oil firms.

Norway: Eidesvik Offshore Signs Contract with Statoil ...

Eidesvik Offshore said its subsidiary Eidesvik Shipping has signed a contract with Statoil for platform supply ...

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Scotland: Bredero Shaw to Provide Coat Pipeline ...

ShawCor Ltd.announced its pipe coating division, Bredero Shaw, has received a contract with a value in excess of ...

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France: Technip Completes Construction of State of the ...

Technip announced that it has successfully completed the construction of its new vessel, the Apache II, at its ...

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Scotland: Heerema Completes Installation of Buzzard ...

At Heerema Hartlepool, one of the three large production locations of Heerema Fabrication Group , the 6,500 tonne ...

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UK: RBG Awarded $10 Million Diving Contract from Maersk ...

RBG announced the award of a $ 10 million inspection, repair and maintenance (IRM) diving contract from Maersk Oil ...

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UK: Schaeffler Completes Modifications on Subsea 7 ...

Schaeffler has successfully completed the removal and replacement of a drive-end bearing on the pipe-storage and ...

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Russia: Alexander Khloponin Cheers for Tax Reductions ...

The government’s new envoy to the restive Caucasus, Alexander Khloponin, said Friday that he would support oil ...

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The Netherlands: DAMENs Multi Purpose Vessel Set to ...

DAMEN’s new Multi Purpose Vessel, particularly suited for oil spill response, is set to enter service in the next ...

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Norwegian sea: Faroe Petroleum Announces Kickoff of ...

Faroe Petroleum plc, the independent oil and gas company focusing principally on exploration, appraisal and ...

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Norway: Statoil Strikes Gas North of Mikkel Field

Statoil has struck gas in an exploration well north of the Mikkel field in the Norwegian Sea. The discovery is ...

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Norway: Safer Drilling System in Development

In the wake of the oil disaster in the Gulf of Mexico, many are questioning the safety of offshore drilling. One ...

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DOF Subsea Norway Grabs Several Important Contracts for ...

Bergen-based specialist subsea service company DOF Subsea Norway AS has been awarded several significant contracts ...

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Denmark: Eiva Releases NaviCat Software For AHT ...

EIVA announced the release of NaviCat software featuring catenary simulations related to anchor handling tug ...

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Perenco Awards Jee a 3 Year Contract Extension for ...

Jee, a pipeline, riser and subsea engineering firm, has been awarded a 3 year contract extension, with a further ...

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Dragon Oil to Invest $700 Million in Caspian Projects ...

Dragon Oil plc , an international oil and gas exploration and production company, today announces further details ...

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Norway: Farstad Supply AS Sells PSV Far Viscount

Farstad Supply AS, a wholly owned company of Farstad Shipping ASA, has sold the platform supply vessel “Far ...

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Aberdeen: Northern Offshore Secures $120 M Refinance Package

At the start of May the drilling rigs and operating services provider, Northern Offshore, which has offices in ...

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ILX Group to Help KCA DEUTAG to Deliver Major Global ...

ILX Group plc, the best practice training company, today announced that it has won a major global contract to help ...

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Norway: Det Norske Discovers More Oil Than Previously ...

Det norske oljeselskap ASA  has discovered more oil in Draupne. The oil discovery ranks as one of the largest on ...

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East Irish Sea: Serica Energy Commences Drilling Conan ...

Serica Energy announces that on Monday 10th May it commenced drilling the Conan exploration well in Block 113/26b ...

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North Sea: Valiant Petroleum Reports Oil Discovery

Valiant Petroleum announced that its operated Tybalt exploration well 211/8c-4 (License P1632) has discovered ...

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North Sea: Subsea 7’s Diving Support Vessel ...

Subsea 7’s new diving support vessel (DSV), the ‘Seven Atlantic’, one of the largest and most capable ...

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Switzerland: Transocean Ltd.’s First Q Results (2010)

Transocean Ltd. reported net income attributable to controlling interest of $677 million, or $2.09 per diluted ...

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Russia to Stimulate Caspian Sea Offshore Energy Project

Russian leaders are hoping that the launch of the country’s first major Caspian Sea offshore energy development ...

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Aberdeen: OEG Offshore Strengthens Operations Team

Oil services firm OEG Offshore has announced several key appointments to head up the operations team at its ...

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Norway:Ulstein Verft. Delivers Norman Ranger to Solstad ...

Normand Ranger for Solstad Offshore is delivered from Ulstein Verft. Completion of the anchor handling vessel has ...

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France: Bourbon Offshore Maritima to Deliver 13 New ...

Bourbon Offshore Maritima, formerly Delba Maritima Navegacao, the BOURBON subsidiary inBrazil, has strengthened its ...

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