Norway’s Petroleum Safety Authority (PSA) has granted consent for ConocoPhillips Skandinavia to undertake exploration drilling in Block 25/7 in the Norwegian part of the North Sea. With the approval, ConocoPhillips Skandinavia can now move ahead with the drilling of Well 25/7-9 S in production licence PL 917 where it will evaluate the Hasselbaink prospect. Well […]
Energy acquisition news : Transocean, a Swiss offshore drilling contractor, has agreed to acquire its peer Ocean Rig, a Greece-based operator of semi-submersible oil rigs and UDW drillships, for $2.7 billion in a cash-cum-stock deal. Transocean acquisition of Ocean Rig is expected to help the Swiss firm bolster its fleet of ultra-deepwater and harsh-environment floating […]