The anticipated upcycle in deepwater drilling has been deferred to 2026 or later due to factors like FPSO lead times, regulatory approvals, and capital discipline.

U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row to the highest level since June, energy ...

Aker BP ASA drilled a dry well in the Bounty Updip prospect in the Norwegian Sea. Wildcat well 6306/6-3 S, the second in production license 886, was drilled using the Scarabeo 8 drilling rig to a ...