ConocoPhillips Skandinavia gets PSA consent for drilling in North Sea

ConocoPhillips Skandinavia gets PSA consent for drilling in North Sea

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 […]

Transocean to acquire rival offshore drilling contractor Ocean Rig

Transocean to acquire rival offshore drilling contractor Ocean Rig

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 […]