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Month: December 2019

Transocean awarded 1 year contract for the DD III in Trinidad

December 16, 2019
| Archives

Transocean Ltd. announced that the semisubmersible Development Driller III has been awarded a one year contract off the coast of Trinidad and Tobago. The contract is expected to commence in the second quarter 2020 and will contribute approximately $91 million dollars of contract backlog, excluding mobilization reimbursement. Source: Transocean Check out our other current stories! Popular News – Top 5 from this past week!Island Drilling

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Popular News – Top 5 from this past week!

December 16, 2019
| Weekly Rundown

We had 3k page views this past week and the top 5 grabbed up 1.3k of them, below are our top 5 articles for the week of Dec 9 – Dec 15! #1 with 556 views Noble and Shell complete JV agreement for Bully I and Bully II #2 with 284 views Northern contemplates spinning off their Harsh Env rigs to

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Island Drilling picks up 1 well deal for the Innovator

December 12, 2019
| Archives

  Island Drilling Company AS is pleased to announce that the company has been awarded a Contract with OMV (Norge) AS the 12th of December, to drill one well on License 644, close to Aasgaard Field in the North Sea. In addition, a separate agreement has been signed with OMV, which applies to up to 3 option wells

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Velesto grabs 7 well deal for the Naga 4

December 12, 2019
| Archives

The Board of Directors of Velesto Energy Berhad (“VEBâ€) is pleased to announce that Velesto Drilling Sdn. Bhd. (“VEDâ€), a wholly-owned subsidiary of Velesto Malaysian Ventures Sdn. Bhd. (“VMVâ€), which in turn is a wholly-owned subsidiary of VEB, has received a Letter of Award from Mubadala Petroleum’s entity, MDC Oil & Gas (SK 320) Ltd (Mubadala Petroleum),

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Archer receives 2 year LOI for the Topaz

December 12, 2019
| Archives

Archer has entered into a Letter of Intent (LOI) with a North Sea operator for the provision of drilling services using the modular drilling rig Archer Topaz. The LOI is for a firm contract period of 2 years and 3 months, with options for an additional 7 months of work following the initial contract period. A final

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Energy Drilling picks up 3 year contract with PTTEP for the EDrill-1

December 12, 2019
| Archives

Energy Drilling has been awarded a contract by PTT Exploration & Production International (PTTEP) on the 4th December 2019 to provide drilling services on the Arthit field in Gulf of Thailand. This contract secures employment for the high specification tender rig EDrill-1, for a firm term of 3 years and 4 months with an option period of

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U.S. holds most successful Alaska oil and gas lease sale in 13 years

December 12, 2019
| Archives

The United States held its most successful Alaska oil and gas lease sale in more than a decade, officials said, with the majority of bids coming from a new player, North Slope Exploration LLC. There were more than $11 million in total high bids for about 1 million acres (0.4 million hectare) in the National Petroleum Reserve of

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JDC awarded a 4 well deal for the Hakuryu 11

December 11, 2019
| Archives

Japan Drilling Co., Ltd. agreed to provide drilling services with a jack-up drilling rig “HAKURYU-11†to a certain operator based on the subcontract with PetroVietnam Drilling & Well Services Corporation who secured the additional drilling contract from the operator. The main terms of the additional drilling contract are as follows: 1. Period of Contract：4 firm wells (approx. 300 days)

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ADES awarded drilling contracts from Baker Hughes

December 11, 2019
| Archives

ADES International Holding PLC, a leading oil & gas drilling and production services provider in the Middle East and North Africa (MENA), is pleased to announce that it has secured its first onshore deep drilling contracts under a Lump Sum Turnkey (“LSTKâ€) project in Kuwait with Baker Hughes for ADES 180 and ADES 878. Both contracts were awarded

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Exxon wins the climate change case against New York

December 11, 2019
| Archives

Exxon Mobil Corp. won a closely watched trial over its accounting for the financial risks of climate change, in an outright rejection of New York state’s claim that the energy giant engaged in a cynical scheme to mislead investors for years. Tuesday’s ruling, by New York Supreme Court Justice Barry Ostrager in Manhattan, is a blow to the state’s attorney general,

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