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Month: February 2019

Noble grabs up another jackup from PaxOcean and a 3 year contract to go with it

February 14, 2019
| Archives

Noble Corporation plc today announced that it has exercised an option for the purchase of a second newbuild Gusto MSC CJ46 design jackup rig from the PaxOcean Group (PaxOcean) for $83.75 million. Noble will pay $30.1 million of the $83.75 million purchase price in cash, with the remainder of the purchase price, or $53.6 million, to be seller-financed at a 4.25% interest rate paid in cash and

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Rystad: New Shale Trends

February 14, 2019
| Archives

February 14, 2019 With US shale activity in 2019 beset by uncertainty, Rystad Energy identifies three trends for US light tight oil production that will have a profound impact on the evolution of the industry in 2019 and 2020: New Mexico emerging as a rising starA faster expansion among private operators and majors compared to public E&P playersA steepening

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BOEM puts up 78 million acre region-wide lease in March

February 14, 2019
| Archives

The Bureau of Ocean Energy Management will offer 78 million acres in a region-wide lease sale in March. Lease Sale 252 will include all available unleased areas in federal waters of the Gulf of Mexico. The sale will include about 14,696 unleased blocks, located from 3 to 231 mi (5 to 372 km) offshore, in the Gulf’s Western, Central

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Ocean Apex awarded a contract with BP Developments in Australia

February 13, 2019
| Archives

Diamond Drilling’s Ocean Apex has been awarded a contract for the drilling of the Ironbark prospect in exploration permit WA-359-P, offshore Western Australia. The semisubmersible drilling rig has been contracted by BP Developments Australia Pty Ltd (BP), which is acting as operator on behalf of Cue Exploration Pty Ltd (Cue) under a co-ordination agreement. Cue Energy CEO

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Rowan Renaissance awarded a contract with Petronas in Mexico

February 13, 2019
| Archives

Rowan Companies plc announced yesterday that the Rowan Renaissance has been awarded a one-well contract in Mexico by PC Carigali Mexico Operations, S.A. de C.V. (“Petronasâ€) for an estimated duration of 80 days that is expected to commence in the second quarter of 2019.  Following the initial contract term, Petronas has a one-well priced option with an

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6th Gen Drillship lines up for the scrapyard

February 12, 2019
| Archives

  In Transocean’s fleet status report yesterday it notated that they intend to scrap the Ocean Rig Paros in an environmentally responsible manner; the rig is classified as held for sale. Just to remind our readers that the Ocean Rig Paros was originally the Cerrado that was owned by Schahin Oil and Gas, the company filed bankruptcy in April

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EDC grabs a 5 year contract for the Setty

February 12, 2019
| Archives

Bassoe has reported that the Setty, a 2010 Baker Marine Pacific Class 375 owned by Egyptian Drilling Company or EDC, has been awarded a 5 year contract with Saudi Aramco starting in August of this year, they are estimating the dayrates to be in the range of 65k per day. The rig is currently in Bahrain in the

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Weekly Rundown

February 11, 2019
| Weekly Rundown

Welcome back to the weekly rundown where we show you all the hottest posts from the week here at Rig Lynx. This week we had Seadrill joining up with Sonangol to form Sonadrill, which will be 2 of Seadrill’s ships and 2 of Sonangol’s ship for a term of 5 years in Angola, sounds like a killer

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Bassoe: February’s Floater Report

February 11, 2019
| Archives

  According to the recent floater report from Bassoe today: It’s been a good month for contract awards in Australia, with Diamond winning three semisub awards, including a six-well contract with Beach Energy for the 1973-built Ocean Onyx which is being reactivated and upgraded. Transocean also announced a 4+4 well contract with Chevron in Australia for the DD KG2

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Ensco 107 grabs a contract with Jadestone Energy

February 11, 2019
| Archives

February 11, 2019—Singapore: Jadestone Energy Inc. an independent oil and gas production company focused on the Asia Pacific region, is pleased to announce that it has signed a rig contract for infill drilling on the Stag oilfield, located offshore Australia (Jadestone 100%). Ensco Australia Pty Limited has agreed to provide the Ensco 107 jack-up drilling rig to Jadestone, after

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