drilling

US offshore operator files for bankruptcy amid COVID-19

Amid COVID-19 crisis and the negative impacts that has brought, Diamond Offshore Drilling Inc. filed for bankruptcy following the unprecedented crash in crude prices that’s affecting demand for oil exploration at sea, as Bloomberg reported.

[test] US offshore operator files for bankruptcy amid COVID-19

Amid COVID-19 crisis and the negative impacts that has brought, Diamond Offshore Drilling Inc. filed for bankruptcy following the unprecedented crash in crude prices that’s affecting demand for oil exploration at sea, as Bloomberg reported.

US offshore operator files for bankruptcy amid COVID-19

Amid COVID-19 crisis and the negative impacts that has brought, Diamond Offshore Drilling Inc. filed for bankruptcy following the unprecedented crash in crude prices that’s affecting demand for oil exploration at sea, as Bloomberg reported.

JPMorgan Chase further commits to support clean energy transition

Following its two sustainability commitments in 2017, New York-based bank JPMorgan Chase announced additional steps to address climate change and further promote sustainable development. Among others, the bank committed to stop financing coal-fired power plants or oil and gas exploration projects in the Arctic.

Norway to limit Arctic oil drilling

Reuters reports that Norway may restrict oil firms’ access to offshore resources in the Arctic by moving the so-called ice edge, a line that sets a legal limit on the extent to which companies can go north in search of oil.

US weekly offshore rig count up to 21 units

According to the weekly rig count for the U.S. and Canadian drilling activity issued by Baker Hughes on Friday, January 24, the amount of offshore rigs in the U.S increased by one unit in comparison to the previous week. 

APM Terminals, Brasco to support oil explorations

APM Terminals shake hands with Brasco, a Wilson Sons Group company and inked an agreement in order to boost oil exploration operations. Specifically, Brasco as an offshore security support company, will further secure oil explorations located at Pecém Industrial and Port Complex. 

Greenpeace loses the battle against Arctic oil drilling

After the environmental groups Greenpeace and Nature and Youth taken legal action against the Norwegian government in an attempt to stop oil drilling in Norway’s Arctic waters back in 2018, an Oslo appeals court recently approved Norway’s plans for more oil exploration in the Arctic.

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