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Month: October 2019

Shell aims to operate Egypt concessions in second half, 2020

October 18, 2019
| Archives

  Royal Dutch Shell is aiming to start operating in its concession areas in Egypt in the second half of 2020, a senior executive said. Shell won three oil and two gas concessions in Egypt in February. Eni, BP and Exxon Mobil also won some of a total of 12 tenders as Egypt looks to sustain an investment upswing spurred

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Maersk drillship awarded three-well contract from POSCO International

October 18, 2019
| Archives

Maersk Drilling has secured a contract for the 7th generation drillship Maersk Viking which will be employed by the POSCO International Corporation, a Korean operator, for a three-well campaign offshore Myanmar. The contract is expected to commence in the end of 2019, with an estimated duration of 154 days. The value of the firm contract is USD 33m,

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Transocean adds 3 new contracts equaling $75 million to the backlog

October 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 $75 million in contract backlog, bringing total backlog to $10.8 billion. This quarter’s report includes the following new contracts: Paul B. Loyd, Jr. – Awarded a

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Shell CEO:“We have no choice†but to invest in long-life projects.

October 16, 2019
| Archives

  Royal Dutch Shell still sees abundant opportunity to make money from oil and gas in coming decades even as investors and governments increase pressure on energy companies over climate change, its chief executive said. But in an interview with Reuters, Ben van Beurden expressed concern that some shareholders could abandon the world’s second-largest listed energy company due partly

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Exxon Mobil and India’s ONGC team up

October 16, 2019
| Archives

Global energy giant Exxon Mobil Corp will offer its expertise and technology to India’s biggest state-owned explorer Oil and Natural Gas Corp Ltd to help develop its resources in offshore blocks, according to two sources directly privy to the development. The memorandum of understanding (MoU), signed late Monday, will be later signed as a definitive deal after Exxon

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Brazil’s $1.45 billion expectations from 6th pre-salt round

October 15, 2019
| Archives

Brazil’s government expects to bring 6 billion reais ($1.45 billion) into state coffers from the so-called sixth pre-salt oil bidding round scheduled for Nov. 7, a finance ministry official said on Monday. The minimum signing bonuses owed to the government in that round come to 7.85 billion reais, though it is possible not all areas will fetch bidders.

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Borr takes the KFELS B Class jackup the “Hermod†from Keppel O & M

October 15, 2019
| Archives

Keppel Offshore & Marine Ltd (Keppel O&M) has, through its wholly-owned subsidiary Keppel FELS Ltd (Keppel FELS), delivered the state-of-the-art jackup rig, Hermod, to Borr Drilling Limited (Borr Drilling) safely, on time and within budget. Built to Keppel’s proprietary KFELS B Class design, Hermod is the fourth of eleven jackup rigs that Keppel is building for Borr Drilling. Mr Tan

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Popular News – Top 5 from this past week!

October 14, 2019
| Weekly Rundown

We had 5k page views this past week and the top 5 grabbed up 3k of them, below are our top 5 articles for the week of Oct 7 – Oct 13! #1 with 1052 views Bankrupt drilling contractor Oro Negro auctions off jackups #2 with 795 views ADES Teaming with Vantage Secures Second Deepwater Drilling Campaign in Egypt #3 with 627

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ADES Teaming with Vantage Secures Second Deepwater Drilling Campaign in Egypt

October 11, 2019
| Archives

ADES International Holding PLC (“ADES†or the “Companyâ€), a leading oil & gas drilling and production services provider in the Middle East and North Africa (MENA), is pleased to announce that it has entered, through its subsidiary ADES S.A.E., into a second deepwater drilling campaign with a top tier international oil company, for deepwater drilling services in

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