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Month: December 2019

Noble and Shell complete JV agreement for Bully I and Bully II

December 9, 2019
| Archives

Noble Corporation plc, a public limited company incorporated under the laws of England and Wales (“Nobleâ€), completed the previously disclosed transaction with a subsidiary of Royal Dutch Shell plc (“Shellâ€) relating to the two joint ventures in which Noble and Shell each held a fifty percent interest (the “Bully I and Bully II joint venturesâ€). In such

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Northern contemplates spinning off their Harsh Env rigs to Northern Ocean LTD

December 9, 2019
| Archives

Northern Drilling Ltd. is contemplating to spin-off its two harsh environment rigs, West Mira and West Bollsta, together with related operating companies through its wholly-owned subsidiary Northern Rig Holding Ltd. (to be renamed Northern Ocean Ltd.) (“NOLâ€). With West Mira having commenced operations for Wintershall Norge AS and West Bollsta on schedule for contract start-up with Lundin

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International Rig Count up 105 units since November 2018

December 9, 2019
| International Rig Count

Baker Hughes issued their international rig count data, here is the break down: The international rig count for November was 1,096, down 35 from the 1,131 counted in October and up 105 from the 991 counted in October 2018. Latin America is up 7 units to 196 from October’s count of 189 units and is 7 units year-over-year. The Asia-Pacific

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Shelf Drilling Secures Contract Extension on the Trident XIV

December 9, 2019
| Archives

Shelf Drilling, Ltd. announced today that it has secured a one-year extension on the Trident XIV jack-up rig in direct continuation of its current contract for workover operations offshore Nigeria. The expected availability of the rig is now February 2021. Source: Shelf Check out our other current stories! Bassoe: Jackup ReportPirates Board a Supertanker Off Nigeria, Kidnap 19 Crew MembersStena

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Bassoe: Jackup Report

December 5, 2019
| Archives

Jackup fixtures maintain their trend as we move into the last few weeks of the year. A mix of long and short awards in the North Sea, SE Asia, and Mexico have solidified dayrates at their highest level since 2015. We expect more tenders and more contracts to follow, especially in the Middle East and SE Asia.

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Pirates Board a Supertanker Off Nigeria, Kidnap 19 Crew Members

December 5, 2019
| Archives

Pirates boarded a fully loaded supertanker off the coast of Nigeria, an act that is sure to ring alarm bells for insurers about the risk of collecting oil from Africa’s biggest producer. Nineteen crew were kidnapped and remain missing, a spokeswoman for Navios, the ship’s owner said by phone Wednesday. The incident happened late Tuesday about 77 nautical

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Stena Drilling announce new contracts in interim report

December 5, 2019
| Archives

In Stena Drilling’s latest 9 month report it is stated that they have been awarded two new drilling contracts. One is with EnQuest for the drilling unit Stena Don regarding two firm wells (90 days), commencing in February 2020. The other is with Exxon for the drilling unit Stena DrillMAX for two firm wells (140 days) plus two

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Popular News – Top 5 from this past week!

December 2, 2019
| Weekly Rundown

We had 3.7k page views this past week and the top 5 grabbed up 2k of them, below are our top 5 articles for the week of Nov 25 – Dec 1! #1 with 682 views Seadrill bags a 4 well deal for the West Carina #2 with 530 views Valaris Adds $285 Million to the Backlog with New Contracts #3

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