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Month: July 2019

“Called the bottom too soon†says CEO of rig owner H & P

July 26, 2019
| Archives

America’s biggest owner of drilling rigs fell the most in seven months after the chief of Helmerich & Payne Inc. said he called the bottom too soon. Three months ago, when Helmerich had 220 of its rigs hired out, Chief Executive Officer John Lindsay told investors the second quarter would be the nadir for his fleet. But after

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Record breaking Permian Basin horizontal well finished

July 24, 2019
| Archives

Drilling of the longest horizontal oil and gas well in the history of the Permian Basin was completed as oil production in the basin continued to center around shale in southeast New Mexico and West Texas. Basic Energy Services announced the well was completed in the Wolfcamp, a shale of the Delaware Basin, which sits below most of Eddy

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Sterling signs $3bn deal with Nigeria’s NNPC

July 24, 2019
| Archives

Signing ceremony of $3.15bn Financing & Technical Services Agreement between @NNPCgroup and Sterling Oil Exploration & Energy Production Company Limited (#SEEPCO) for the Development of OML -13, a 100% Equity Asset of #NPDC, @NNPCgroup‘s Upstream subsidiary, today. VIDEO 📹: Signing ceremony of $3.15bn Financing & Technical Services Agreement between @NNPCgroup and Sterling Oil Exploration & Energy Production

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Maersk bags a contract for the Resilient

July 24, 2019
| Archives

Maersk announced on their LinkedIn page this morning: Extra work! Our Maersk Resilient is now contracted to IOG to drill the Harvey appraisal well in the UK North Sea. The contract has an estimated duration of 37 days, extending to 60 days in a success case, and is expected to commence in the beginning of August. The Maresk

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Constellation Announces New Contract Awards for Alpha Star, Gold Star and Lone Star

July 23, 2019
| Archives

Constellation Oil Services Holding S.A. announced today that three of the Company’s ultra-deepwater (UDW) rigs, Alpha Star, Gold Star, and Lone Star, have been awarded new firm contracts with Petrobras S.A. (“Petrobrasâ€) for two years. The drilling activities will be performed offshore of Brazil and operations under each contract is expected to commence by January 2020. “Securing these three contracts, together with the

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Venezuelan ex-oil executive Márquez found dead in Madrid

July 23, 2019
| Archives

Police in the Spanish capital, Madrid, are investigating the death on Sunday of Juan Carlos Márquez, a former executive at Venezuela’s state-run oil company PDVSA. Mr Márquez, 48, had appeared in court on Friday over his alleged involvement in a money-laundering scheme. While he denied the allegations of money-laundering, he had reportedly agreed to collaborate with an investigation into

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Popular News – Top 5 from this past week!

July 22, 2019
| Weekly Rundown

Below are our top 5 articles for the week of July 15 – July 21! #1 with 963 views GOM region wide lease of 77.8 million acres set for August #2 with 299 views Seadrill grabs multi-well contract for the West Gemini #3 with 173 views Seadrill lands one well gig for the West Polaris #4 with 147 views Popular News – Top 5 from

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Maersk puts the ink down for the Resolute on a new contract with Perenco

July 22, 2019
| Archives

From Maersk Drilling LinkedIn Page: Exciting Monday morning news! Our jack-up MaerskResolute has been awarded a three-well contract with Perenco. The rig will move to the UK NorthSea to work on the Wollaston and Ravenspurn fields for an estimated 150 days, commencing in October this year. The contract includes eight one-well options. Looks like from other sources that

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Saipem grabs contracts for the Scarabeo 9 and Perro Negro 8

July 22, 2019
| Archives

Saipem has been awarded new offshore drilling contracts in Romania and Abu Dhabi for a total value of over 160 million USD. The contract involves the drilling of a well in Romanian waters of the Black Sea. Work is scheduled to start in the fourth quarter of 2019. The Scarabeo 9 semi-submersible vessel will be used, a drilling

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Noble scores two contract extensions

July 21, 2019
| Archives

Noble released their fleet status report with the below contract extensions: United Kingdom: • Noble Sam Hartley – Contract extension with Total, Mid-July 2019 to Mid-April 2020, as previously reported. Sam Hartley is a F&G JU-3000N jack up designed to work in 400′ of water. It was built at Jurong Shipyard and put into service in 2014. Saudi Arabia:

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