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Month: January 2019

OutPut’s Weekly Top 5

January 7, 2019
| Weekly Rundown

Welcome to OutPut’s first weekly top 5 of 2019! For this week, we are a bit late but with the holidays and traveling about but let’s get right to it! Borr is back in the Top 5 with some new contracts and updates with their first fleet status report of 2019, Mexico seems to be having a bit of fuel

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Odfjell Drilling takes delivery of Deepsea Nordkapp

January 7, 2019
| Archives

Odfjell Drilling has today taken delivery of Deepsea Nordkapp from Samsung Heavy Industries in Korea. Deepsea Nordkapp is the latest addition to Odfjell Drilling’s fleet of harsh environment drilling units. The semi-submersible is an enhanced Moss Maritime CS-60 design, winterized and purposely built for harsh environment areas.  The unit will meet Odfjell Drilling’s requirements for delivering highly efficient

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Texas Snaps 2-Year Streak of Oilfield Job Growth

January 7, 2019
| Archives

(Bloomberg) Jobs in the Texas oil patch dropped for the first time in almost two years, according to the state’s workforce commission. The number of workers handling exploration and drilling duties fell by 500 to 247,700 in November compared with the previous month, according to the latest data from the Texas Workforce Commission. Snapping a streak of 23

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U.S.-based Erepla Services LLC jumps into PDVSA for half of everything produced

January 7, 2019
| Archives

(Bloomberg) With brand-name drillers unwilling to jump in, Venezuela is resorting to a newly formed U.S. company for help in shoring up production from its crude reserves, the largest in the world. Schlumberger Ltd. and Halliburton Co., the world’s biggest oil-service providers, have announced over $2 billion in combined write-offs for unpaid bills in Venezuela since the second quarter of

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This Weeks Rig Count

January 4, 2019
| Weekly Rig Count

Baker Hughes Rig Count: U.S. -8 to 1,075 rigs U.S. Rig Count is down 8 rigs from last week to 1,075, with oil rigs down 8 to 877 and gas rigs unchanged at 198. U.S. Rig Count is up 151 rigs from last year’s count of 924, with oil rigs up 135 and gas rigs up 16. The U.S. Offshore

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1st Borr Drilling Fleet Status Update for 2019 Shows Continued Rig Contracting

January 4, 2019
| Archives

Seems the latest report available from Borr shows some good kick off points for 2019: ODIN- New contract: March 2019 to November 2019, Operator Undisclosed, Mexico FRIGG- Exercised Option: January 2019 to October 2019, Total, Nigeria and Assigned from April 2019 to October 2019, Shell, Nigeria C20051- Exercised Option: January 2019 to February 2019, Total, Netherlands and

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Bassoe Offshore Rigs 2018: The Year In Review

January 4, 2019
| Archives

A great start, a disturbing ending, and a lot of excitement. Here’s our 2018 recap. Happy New Year! A lot of us might want to forget 2018, but there’s a lot worth remembering.  We’ll be back later with our thoughts on 2019.  Presented with no further comment, here’s our summary of the year gone by. Full article available here PDF Available Here Download © Copyright Albert Bridge and

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Oil set for biggest weekly gain since 2016

January 4, 2019
| Archives

  (Bloomberg) — Brent crude headed for its biggest weekly gain since December 2016 as Saudi Arabia’s production cuts outweighed concerns over the health of the global economy. The global benchmark is on track for an 9.4% advance this week, ending three consecutive weeks of losses. Prices rallied as Saudi Arabia reduced output even before OPEC’s cuts deal went

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Sable Offshore permanently shuts down after nearly 20 years

January 2, 2019
| Archives

HALIFAX — A government agency says all production from the Sable Offshore Energy Project off the coast of Nova Scotia has been permanently shut down. The Canada-Nova Scotia Offshore Petroleum Board says production from all of the Sable project’s fields ended on Monday, as planned. The natural gas field, about 300 kilometres southeast of Halifax, started producing in late 1999 and consists of seven offshore platforms

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Medco Energi’s potential takeover deal with Ophir Energy

January 2, 2019
| Archives

(Reuters) – Medco Energi Internasional Tbk PT would boost its valuations and gain access to international assets if its potential takeover of London-listed Ophir Energy occurs, analysts said on Wednesday. Medco confirmed this week that it was in talks with Ophir about a possible cash offer for the oil and gas exploration and production company currently based in

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