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Month: May 2019

Island Drilling grabs one well deal with Faroe Petroleum

May 2, 2019
| Archives

Island Drilling Company AS is pleased to announce that the company has been awarded a contract with Faroe Petroleum Norge AS, to drill one well on PL888 Canela license, located west of Heidrun field. Block 6507/7. Drilling is scheduled to commence in Q3 2019. Island Drilling Management will be responsible for the operation of the Island Innovator. Island Drilling

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Tough and Humble but Always Remember

May 2, 2019
| Archives

I wanted to start this off with saying how much I appreciate all of our followers out there and share a few things that have been with me my entire career as well as a few pictures to show ya’ll I wasn’t always a desk jockey! From the beginning of my career the oilfield wasn’t what I

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Northern Offshore and GDI bag long term drilling contracts

May 1, 2019
| Archives

Qatar Petroleum announced that it has awarded contracts for a total of eight offshore Jackup Drilling Rigs required for the North Field Expansion Project. The drilling rigs are planned to be mobilized and ready for drilling activities starting from January 2020.  Contracts for six of the eight rigs were awarded to Gulf Drilling International (GDI), while the contracts

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Northern Drilling publishes finance planning to acquire the 7th Gen Cobalt Explorer

May 1, 2019
| Archives

Northern Drilling announced it has exercised the option for Cobalt Explorer, a 7th generation DP3 and ultra-deepwater drillship from Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME) for a total consideration of $350 million and flexible delivery until end Q1 2021. Cobalt Explorer is a high-spec Tier 1 UDW drilling ship being purchased at close to 50%

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Is the Chevron bid `dead’ after Buffett backs Occidental?

May 1, 2019
| Archives

After Warren Buffett’s Berkshire Hathaway Inc. committed $10 billion to rival bidder Occidental Petroleum Corp., Chevron Corp.’s offer to buy Anadarko Petroleum Corp. is essentially “dead†according to Chicago-based investment firm Harris Associates.“Before this announcement came out, my opinion was that Chevron would have to increase their bid to be competitive,†said Bill Nygren, chief investment officer

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