#oilfield, #oil and gas, #drilling, #rig, #roughneck, #cowboy The Biden administration is selling drilling rights across the Gulf of Mexico on Wednesday in an auction that will test the oil industry’s appetite amid White House efforts to shift away from fossil fuels. The sale will take place despite pleas from environmental activists for its cancellation, […]
oilfield Transocean Ltd. (NYSE: RIG) has announced that it has been awarded two contracts, which, on aggregate, contribute approximately $55.5 million in backlog. The company noted that the Deepwater Conqueror was awarded a one well deal with a “major operator” in the U.S. Gulf of Mexico. The value of this contract adds approximately 85 days and $28.5 million in backlog, according to Transocean. The Deepwater […]
#drilling,#oilfield,#roughneck,#rig,#oilfieldcowboy After offshore drillers Maersk Drilling and Noble Corporation announced their intent to merge, a Noble shareholder stated that it would vote against such a move. In a mutual statement, Maersk Drilling and Noble Corp. shareholders said that the shares of the combined company would be distributed 50-50 between the current shareholders of the two […]