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Month: April 2019

Bassoe: Jackup Report

April 24, 2019
| Archives

Jackup fixtures continue to roll in, and utilization has reached its highest point since 2015. As major tenders, such as QatarGas (up to 8 rigs), PEMEX, and Petronas are concluded, we expect utilization to rise further during 2019. Dayrates are moving up, but still only modestly due to new build supply. This should resolve itself as more

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5.5 bbo Yellowtail 1 marks ExxonMobil’s 13th find in Guyana

April 21, 2019
| Archives

IRVING, Texas – ExxonMobil said it made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of approximately 5.5 billion oil-equivalent barrels on the Stabroek Block. Yellowtail-1 is the fifth discovery in the Turbot area, which ExxonMobil expects

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Transocean’s backlog breaches 12 billion with new contract announcements

April 18, 2019
| Archives

Transocean Ltd. today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs. Since its last report Transocean added approximately $373 million in contract backlog, bringing total backlog to $12.1 billion. This quarter’s report includes the following new contracts: Development Driller III – Customer exercised a six-month option offshore Equatorial Guinea;Leiv Eriksson – Customer exercised

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Noble grabs two extensions and one new contract

April 18, 2019
| Archives

Today Noble Corp released their fleet update status which included the following: Southeast Asia – Noble Clyde Boudreaux – Contract extension Mid-March 2019 to Mid-March 2020 US GOM – Noble Don Taylor – Contract extension Mid-April 2019 to Early June 2019 South America – Noble Don Taylor – 1-year contract Early October 2019 to Early October 2020 Full fleet update status

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MHWirth awarded drilling packages from Keppel FELS

April 15, 2019
| Archives

MHWirth, a company owned by Akastor ASA, today signed a contract with Keppel FELS for delivery of one drilling equipment package for a new mid water semisubmersible drilling rig. This is the first out of three options that were given when Keppel FELS and MHWirth signed a contract in April 2018 for a similar drilling equipment package.

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Bolette Dolphin will be sold to refocus on mid-water fleet

April 15, 2019
| Archives

Lenders under the Company’s USD 2,000 million secured credit facility holding more than 78% of the principal amount outstanding under such facility (the “Majority Lenders“) have entered into an agreement for the reorganization and recapitalization of the drilling business of the Group (the “Drilling Recapitalization“). The Majority Lenders include Danske Bank, DNB, SEB and Swedbank, as well

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ADES grabs another contract with Sonatrach

April 15, 2019
| Archives

ADES International Holding PLC, a leading oil & gas drilling and production services provider in the Middle East and North Africa, is pleased to announce that it has secured two new contracts for its onshore rigs ADES 2 and ADES 3 in Algeria with Groupement Sonatrach AGIP (GSA). ADES 2 contract comprises one firm well and four optional

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Weekly Rig Count

April 12, 2019
| Weekly Rig Count

Baker Hughes, a GE company has posted Weekly Rig Count reports. Baker Hughes Rig Count: U.S. -3 to 1,022 rigs U.S. Rig Count is down 3 rigs from last week to 1,022, with oil rigs up 2 to 833, gas rigs down 5 to 189, and miscellaneous rigs unchanged at 0. U.S. Rig Count is up 14 rigs

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