+1(833) 396-4204 info@riglynx.com
Menu

Month: November 2019

Maersk announces more work for the fleet in Q3 update

November 27, 2019
| Archives

Maersk released their 3rd quarter trading statement and below are the highlights from the backlog section of the report: Maersk Resilient was awarded a one-well contract with IOG in the UK. The contract has since concluded. Further, Maersk Resilient was awarded a 70-day contract with Petrogas in the UK with expected commencement in March 2020. Maersk Resolute was

Read More...

Seadrill bags a 4 well deal for the West Carina

November 27, 2019
| Archives

The West Carina secured a four well contract with up to six optional wells with PTTEP, formerly Murphy, in Malaysia. Total contract value for the firm portion of the contract is expected to be approximately $47 million, inclusive of ROV services. Commencement is expected in January 2020 and running through June 2020. The options could add up

Read More...

Borr Chairman says “a strengthening market outlook for 2020â€

November 27, 2019
| Archives

  Borr Drilling Limited announces unaudited results for the three and nine months ending September 30, 2019. The Chairman of the Board, Paal Kibsgaard, commented: “The jack-up market tightened further in the third quarter, with strong tendering activity, improving dayrates and a strengthening market outlook for 2020. We continued to execute well throughout our rig operations, as well as

Read More...

Valaris Adds $285 Million to the Backlog with New Contracts

November 27, 2019
| Archives

Valaris plc announced today new contracts and contract extensions, with associated revenue backlog of approximately $285 million, awarded subsequent to a prior fleet status report dated October 25, 2019. VALARIS DS-18 (Relentless) contract extended due to the exercise of a one-well priced option with EnVen in the U.S. Gulf of Mexico, with an estimated duration of 45 days

Read More...

Brazil’s Petrobras plans to drill up to eight oil wells in 2020

November 25, 2019
| Archives

Brazilian state-run oil firm Petroleo Brasileiro SA plans to drill up to 8 oil wells in 2020, mostly in the pre-salt area, its Exploration & Production director, Carlos Alberto de Oliveira, said on Monday. Petrobras, as the company is known, is expected to disclose details in a meeting with investors later this year, after releasing its business plans

Read More...

Popular News – Top 5 from this past week!

November 25, 2019
| Weekly Rundown

We had 5.3k page views this past week and the top 5 grabbed up 3.5k of them, below are our top 5 articles for the week of Nov 18 – Nov 24! #1 with 1123 views Billionaire Fracking Brothers Hammered by Permian Holdings #2 with 1046 views CNOOC hires Valaris ship for exploratory wells #3 with 577 views Seadrill issues 3rd Q

Read More...

North America Rig Count: U.S. down 3 and Canada up 3

November 23, 2019
| Weekly Rig Count

  Baker Hughes Rig Count: U.S. -3 to 803 rigs U.S. Rig Count is down 3 rigs from last week to 803, with oil rigs down 3 to 671, gas rigs unchanged at 129, and miscellaneous rigs unchanged at 3. U.S. Rig Count is down 276 rigs from last year’s count of 1,079, with oil rigs down 214, gas rigs

Read More...

CNOOC hires Valaris ship for exploratory wells

November 23, 2019
| Archives

The CNOOC subsidiary, China Offshore Oil Corporation E&P Mexico, has signed a drilling contract with Valaris for the Valaris Renaissance drilling vessel that recently completed drilling of the first exploratory wells in Mexico for the French Total and the Malaysian Petronas. CNOOC won the CNH-R01-L04-A1.CPP contract in Bid 4 of the 2016 oil round for Contract Area 1

Read More...

Seadrill issues 3rd Q results

November 22, 2019
| Archives

Seadrill Limited (SDRL) – Third quarter 2019 results Hamilton, Bermuda, November 21, 2019 – Seadrill Limited (“Seadrill†or “the Companyâ€) (NYSE:SDRL, OSE:SDRL), a world leader in offshore drilling, announces its third quarter results for the period ended September 30, 2019. Highlights Lower economic utilization of 93%1 primarily due to the West Linus 5-year classingRevenue up 14% at

Read More...