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Month: April 2019

Chevron Announces Purchase of Anadarko

April 12, 2019
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Chevron Corporation announced today that it has entered into a definitive agreement with Anadarko Petroleum Corporation to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, or $65 per share. Based on Chevron’s closing price on April 11, 2019 and under the terms of the agreement, Anadarko shareholders

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Ensco Rowan plc, Industry-Leading Offshore Driller Merger Complete

April 11, 2019
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  Ensco Rowan today announced the completion of the previously disclosed merger of Ensco and Rowan Companies, which follows the satisfaction of the transaction’s closing conditions including overwhelming approval by each company’s shareholders and sanction by the UK Court of the scheme of arrangement implementing the transaction. The Company will trade on the New York Stock Exchange under

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Dolphin Drilling’s Borgland lines up for i3 drilling campaign

April 11, 2019
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  On 9 April 2019, i3 and Dolphin Drilling Limited (“Dolphinâ€) executed a contract to utilize the Borgland Dolphin semi-submersible drilling rig for a 94-day programme which is due to commence between 15 July and 15 August 2019. This drilling commencement window has been agreed by the Company and Dolphin to ensure the availability of necessary equipment and to

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April 10th proclaimed “Halliburton Day†in Houston, Texas

April 11, 2019
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  Photo: (left) Halliburton Chairman, President and CEO Jeff Miller receives City of Houston Proclamation declaring Wednesday, April 10, 2019, as Halliburton Day from (right) Mayor Sylvester Turner. HOUSTON – Halliburton Company is pleased to announce the City of Houston declared Wednesday, April 10, 2019, as Halliburton Day in honor of the company’s 100 years of growth, innovation, and

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Diamond’s Ocean Guardian sold to Well-Safe

April 9, 2019
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The asset, currently owned by Diamond Offshore, has been a stalwart in the North Sea, drilling hundreds of wells since entering service in 1985. Upon delivery, Well-Safe will start work immediately on an upgrade of the semi-submersible, which will be renamed the ‘Well-Safe Guardian’, converting the asset into a bespoke plug and abandonment (P&A) unit. Well-Safe will invest in

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Bassoe: Floater Report – April 2019

April 8, 2019
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Floater fixtures have been relatively slow since our last report with only a few new contracts being awarded. The Maersk Deliverer’s 3-year contract with Inpex in Australia at $270,000 is strong even for a high-cost area. Fixtures in the North Sea continue to roll in, with the Odfjell-managed newbuild Beacon Atlantic securing 400-days with Neptune and the

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Saipem grabs up new drilling contracts totaling 200 million plus

April 6, 2019
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Saipem has been awarded new contracts in Offshore Drilling in Norway and Middle East totalling over 200 million USD. One contract was signed with the German company Wintershall for the drilling of 2 wells plus 2 optional ones in continuity with previous engagements for operations offshore Norway. The contract will be executed by the sixth-generation semi-submersible rig Scarabeo

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9.5 Billion Ecuador Judgment is Unenforceable Against Chevron

April 6, 2019
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Canada’s Supreme Court on Thursday declined to hear an appeal from a group of Ecuadoran villagers seeking compensation from the Canadian subsidiary of US energy giant Chevron over oil pollution in the Amazon jungle. The indigenous villagers from central Ecuador want the company to pay for pollution of native lands between 1964 and 1992 by Texaco, a US

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