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Month: January 2019

Shelf tallies up work for Trident 16

January 31, 2019
| Archives

Shelf Drilling, Ltd. announced on Monday by Press release that it has received an award for a one-year contract for the Trident 16 jack-up rig with Belayim Petroleum Company (Petrobel) for operations in the Gulf of Suez, offshore Egypt. The contract includes mutually agreeable options, and the planned start-up of operations is Q1 2019. Petrobel is a joint

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Gulf Drilling brings in more work for two jackups

January 31, 2019
| Archives

Gulf Drilling keeps the Al Khor working and puts down fresh ink on the Dukhan in Qatar. In their latest fixtures update, the team over at Bassoe Analytics has noted that the 2007 Keppel Fels Mod VB “Al Khor†has singed up for what looks like an extension with current operator Shell until June 30th of this year

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Diamond to reactivate the Ocean Onyx

January 31, 2019
| Archives

Beach Energy said in its 4Q 2018 report on Thursday that they reached agreement with Diamond Offshore in December for the contracting of the offshore semi-submersible rig Ocean Onyx to undertake Beach’s Victorian Otway offshore drilling program. The Ocean Onyx is a deepwater, semi-submersible rig, well-suited to operating in locations such as the offshore Otway

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Medco wins with sweetened cash bid for Ophir

January 31, 2019
| Archives

(Reuters) – Indonesian oil and gas group Medco agreed to buy London-listed Ophir Energy for a sweetened cash bid of $511 million, as it looks to boost its Southeast Asia portfolio and gain access to international assets. Medco’s offer of 55 pence per Ophir share came after Ophir rejected a previous $437 million, or 48.5 pence per share,

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Rowan Viking grabs up 7 well deal with options from Lundin

January 31, 2019
| Archives

Rowan Companies plc announced that the Rowan Viking, an N-Class ultra-harsh environment jack-up rig, has been awarded a seven-well program by Lundin Norway AS in Norway for a minimum duration of 265 days.  The contract is expected to commence in Q2/Q3 2020 and has four additional one-well priced options.  The Rowan Viking has just completed the first

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Episode 2 – Weekly Rundown

January 29, 2019
| Weekly Rundown

YouTube Broadcast Audiocast So many errors in this, full and uncut audio! Welcome to the Rig Lynx Weekly Rundown where we share the highlights of the previous week from our social media outlets. We give you what was fun, not so fun, the current oil and gas news, oil prices and rig count. Stay tuned, it coming up right here,

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3 Drilling Contractors Bag Long Term Contracts

January 26, 2019
| Archives

According to Bassoe Analytics, drilling contractors Aban Offshore, Jindal Drilling and Greatship have been awarded contracts all in the duration of 3 years with ONGC. Details of each: CompanyRig StartEndDayrateModelYear In ServiceJindal Jindal StarApril 15 2019April 15 202226,000LeTourneau Super 116E Class2013Jinadl Discovery 1April 15 2019April 15 202226,000KFELS B Class2008GreatshipGreatdrill ChinaApril 15 2019April 15 202226,000KFELS B Class2009Aban Aban IVApril 15 2019April 15 202226,000Baker Marine

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Interesting: Record-Setting Ice Hole Drilled In Antarctica

January 25, 2019
| Archives

  Using a hot-water drill, British scientists have dug a 2,151.89m borehole through the Antarctic ice sheet. The comically long ice hole is the largest ever for West Antarctica, and it’s meant to improve our understanding of climate-related sea level rise. This project, run by the British Antarctic Survey, is called “Bed Access, Monitoring and Ice Sheet History,†or

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Ensco’s New Proposal For Rowan Is Still Not Good Enough

January 24, 2019
| Archives

(Seeking Alpha) Back in October, offshore drilling giant Ensco launched a bid to acquire fellow British contractor Rowan Companies. As some readers may recall, I was not a fan of this deal and I questioned the benefits of it to Rowan. There has been quite a bit of investor pushback over the deal and one private equity firm even

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