Offshore drilling contractor Valaris, which had filed for bankruptcy in August 2020, said Monday it had on April 30, 2021, successfully completed its financial restructuring and emerged from chapter 11.

Neptune Energy has acquired a 38.75% equity interest from Spirit Energy in the Pegasus West offshore discovery in the UK Southern North Sea, in a move that will see the discovery developed as a tie-back to the Cygnus offshore platform.

A jack-up rig owned by Malaysian drilling contractor Velesto tilted and submerged at a location offshore Sarawak, Malaysia on Tuesday, the rig owner said.

Arabian Drilling Co., a Saudi oilfield-services company partly held by Schlumberger NV, is preparing an initial public offering that could give it a valuation of around $2 billion, according to people familiar with the matter.

Chesapeake Energy Corp., the once mighty shale explorer that exited bankruptcy earlier this year, is seeking to sell oil-producing assets in South Texas for as much as $2 billion, according people familiar with the plan.

 Exxon Mobil snapped a record streak of losses as rising oil and natural gas prices bolstered one of the biggest dividends in the S&P 500 Index.

Norwegian oil firm Equinor has, with its partners, decided to develop the Askeladd Vest field, located in the southern Barents Sea, off Norway. The investment is close to NOK 3.2 billion (~$385 million).

Bristow Group Inc. announced a three-year contract extension until August 2024 with Aker BP to support air transportation crew change services for their operations in the Norwegian continental shelf.

Norwegian offshore vessel operator Havila Shipping has won contract extensions for two of its platform supply vessels with Total in Denmark.

Norway's Equinor, with partners Petoro, Shell, Total, and ConocoPhillips, has decided to electrify the Troll West field offshore Norway and has submitted the plan for development and operation to the Norwegian minister of petroleum and energy.