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

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 ...

The scope of the contract includes drilling four infill wells and three exploration wells, with options for up to two ...

“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 ...

A draft proposal would allow for drilling off the California and Florida coasts, including two of the largest areas used for ocean-based military training.

Florida’s congressional delegation is sending an aggressive message to the White House as President Donald Trump weighs opening new waters to offshore drilling: Keep our state out of your plans. The ...

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 ...

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 ...

“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 ...

U.S.-based offshore drilling contractor Noble Corporation on Wednesday announced it has completed its acquisition of peer Diamond Offshore Drilling. The merger creates the industry's largest fleet of ...