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Month: November 2018

BP’s Mad Dog gets a companion with Argos, ex-Mad Dog 2

November 27, 2018
| Archives

  HOUSTON — BP announced today that the new floating production unit for the Mad Dog 2 project in the deepwater Gulf of Mexico will be named Argos. BP’s Argos Logo Courtesy of BP The name, chosen by the project team and an employee survey, is a reference to Odysseus’ loyal dog from “The Odyssey,†and a nod to the Mad

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Seadrill grabs work with Petronas for the West Capella

November 27, 2018
| Archives

London, United Kingdom, November 27, 2018 – Seadrill Partners LLC (“SDLP†or “the Companyâ€) has secured a one well contract with two options with PETRONAS Carigali Sdn Bhd., for the West Capella in Malaysia. Backlog for the firm portion of the contract is expected to be approximately $11 million and commencement is expected in Q3 2019. Currently the rig is

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CAODC drilling forecast, flat year over year

November 27, 2018
| Archives

Projected 2019 wells drilled: 6,962—an increase of 51 from 2018 (6,911*)Projected 2019 operating days: 69,617—an increase of 507 from 2018 (69,110*)Rig fleet expected to decrease by 58 (580 drilling rigs to 522 drilling rigs)Pricing differentials and pipeline delays will continue to curtail capital expenditures Despite a recovery in the price of oil, and LNG Canada’s positive announcement early

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History- 1930, Oil Boom Helps Hilton Expand in Texas

November 26, 2018
| Archives

November 20, 1930 – Oil Booms help Hilton expand in Texas Conrad Hilton visited Cisco, Texas, intending to buy a bank. When the deal fell through, he went from the train station across the street to a two-story red brick building called the Mobley Hotel. He noticed roughnecks from the Ranger oilfield waiting in line for a room. Visit the

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JDC bags 4 well deal from Premier Oil in Indonesia

November 26, 2018
| Archives

Japan Drilling Co., Ltd. (JDC) is pleased to announce that its subsidiary company “P.T. Japan Drilling Indonesia†together with a shipping company in Indonesia has entered into a drilling contract with Premier Oil Natuna Sea B.V. for the provision of a jack-up drilling rig “HAKURYU-11â€. The main terms of the drilling contract are as follows: 1. Operating Area ：Offshore

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Maersk Drilling gets four-month extension for Maersk Intrepid

November 26, 2018
| Archives

Equinor has exercised two options of two months each for jack-up rig Maersk Intrepid. As a result, the rig is now contracted to Equinor until the end of February 2020. Two options of two months each remain undeclared on the contract. In the four-month extension period, Maersk Intrepid is expected to be utilised for accommodation activities at the

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OutPut’s Weekly Top 5

November 26, 2018
| Weekly Rundown

This week at the top of the list is a forecast across the next year or so on hopefully what will be the opening of some of the Permian’s choke points as well as a few other things, now more than ever it will be a people issue, that’s our opinion anyway. Just behind that we have

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Chevron’s Bigfoot announces “First Oilâ€

November 22, 2018
| Archives

SAN RAMON, Calif. – Nov. 21, 2018 – Chevron Corporation (NYSE:CVX) today announced that the Chevron-operated Big Foot deepwater project, located in the U.S. Gulf of Mexico, has started crude oil and natural gas production. The field is located approximately 225 miles (360 km) south of New Orleans, La., in a water depth of approximately 5,200 feet (1,584

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Rig Count Down By 3 This Week

November 22, 2018
| Weekly Rig Count

  The US drilling rig count is down 3 units to 1,079 rigs working for the shortened holiday week ended Nov. 21, according to Baker Hughes data. However, the count is up 156 units from the 923 rigs working this time a year ago. Land-based drilling was down 6 units this week to 1,052 rigs working vs. last week.

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Happy Thanksgiving

November 21, 2018
| Archives

From Our Family to Yours, Happy Thanksgiving!  Check out our other current stories! Rowan and Ensco announce early termination HSR waiting period Rowan Reliance will stay stacked, contract transferred to the Resolute Trident XIV gets 1 year extension with options

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