The agreement adds around $239m (£177.68m) to the company’s firm contract backlog.

Vantage Drilling said it has agreed to a takeover by Eldorado to create a more scalable offshore drilling platform.

Norwegian offshore driller Dolphin Drilling has secured a binding contract worth $239 million for Borgland Dolphin, one of ...

Halting offshore drilling expansion, along with the phase-down of existing production of fossil fuels as clean energy is adopted, would deliver up to 13% of the annual emission reductions needed to ...

The offshore drilling industry was destroyed by the COVID crisis, with many companies like Valaris (NYSE: VAL) going bankrupt due to low oil prices. But the industry is rebounding, and drilling ...

"The campaign for the largest boundary to protect vulnerable waters is a great story of bi-partisan work," writes columnist ...

“Stopping the expansion of offshore drilling has the potential to reduce emissions more than any other ocean-based solution,” said Dr. Kathryn Matthews, chief scientist at Oceana Offshore drilling ...

WASHINGTON (AP) — President Joe Biden is moving to ban new offshore oil and gas drilling in most U.S. coastal waters, a last-minute effort to block possible action by the incoming Trump administration ...

Public support for offshore drilling off the U.S. coast has fell from 59.2% of all Americans in 2022 to 52.4% in 2024. Opposition to offshore drilling is even prevalent in some of the most Republican ...

Seadrill Limited, an offshore drilling contractor, Kongsberg Maritime AS, a global technology leader, and Hanwha Drilling, a provider of offshore drilling services, announced a strategic alliance to ...

“President Biden continues to limit American energy production” while “begging foreign countries like Russia and Saudi Arabia to produce oil for us,” fumes House Republican Whip Steve Scalise. He’s ...