February 2020 - Page 4 of 7

ENI begins drilling Omanâ€™s first deepwater offshore well

February 17, 2020

In a move that bodes well for efforts to harness Omanâ€™s untapped offshore hydrocarbon potential, the local subsidiary of global energy major Eni has commenced drilling of what is billed as the first deep-water well in the Sultanateâ€™s history. A drillship chartered by Eni Oman commenced drilling activities in Block 52, a vast deepwater concession that extends off

Borr Drilling enters into new financing arrangement for a newbuild jack-up

February 17, 2020

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Borr Drilling Limited is pleased to announce that the Company has entered into a new financing arrangement for the newbuild jack-up rig Tivar, scheduled to be delivered from the yard in July 2020. The existing US$50 million bank delivery financing for the rig will be replaced with a new US$100 million take out facility maturing in December

Popular News â€“ Top 5 from this past week

February 17, 2020

| Weekly Rundown

This past week we had 7.5k page views and the top 5 grabbed up 3.6k of them, below are our top 5 articles for the week of Feb 9 â€“ Feb 15! #1 with 1,306 views Noble announces continuation of drilling services with ExxonMobil In the Guyana-Suriname basin #2 with 934 views Valaris issues fleet update status with a slew of

Remembering the Ocean Ranger

February 16, 2020

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February 15th marks the anniversary of the 1982 ODECO Ocean Ranger drilling rig disaster in which 84 offshore workers lost their lives. ODECO Ocean Ranger Ocean Ranger was a semisubmersible drilling rig, designed to operate in the worldâ€™s harshest offshore environments, with the capacity to withstand wind speeds of 100 knots (190 km/h) and wave heights of 110 feet

Valaris issues fleet update status with a slew of contracts for their floaters

February 14, 2020

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Valaris issued its fleet updates status with a slew of new contracts for their floaters. Below are the highlights: Floaters 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 from March 2020 to April 2020; the rig has also

Transocean adds on $366mm to its back log with recent fleet update status

February 14, 2020

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Transocean Ltd.Â today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the companyâ€™s fleet of offshore drilling rigs. Since its last Fleet Status Report in October,Â TransoceanÂ added approximatelyÂ $366 millionÂ in contract backlog, bringing total backlog toÂ $10.2 billion. This quarterâ€™s report includes the following new contracts: Leiv Eiriksson.Â â€“ Awarded a two-well contract, plus three one-well options

North America Rig Count: U.S. unchanged and Canada down 2

February 14, 2020

| Weekly Rig Count

Baker Hughes Rig Count: U.S. unchanged at 790 rigs U.S. Rig Count is unchanged from last week at 790, with oil rigs up 2 to 678, gas rigs down 1 to 110, and miscellaneous rigs down 1 to 2. U.S. Rig Count is down 261 rigs from last yearâ€™s count of 1,051, with oil rigs down 179, gas rigs

Talos taps Transocean for work in GOM, contracts the Discoverer Inspiration

February 13, 2020

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Talos has contracted the Transocean Discoverer Inspiration (the â€œInspirationâ€) ultra-deepwater dual-activity drillship for its 2020 deepwater drilling and completions program in the U.S. Gulf of Mexico. The Inspiration will assist with the Bulleit completion and tieback project, development activity in the Phoenix complex and potentially one or more high-impact exploration drilling projects, which are currently being evaluated.

Prosafe SE: Update on financial situation, process with lenders and merger with Floatel

February 13, 2020

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Prosafe refers to the information on its financial status and process with lenders that was provided in the Q4 2019 report published on 6 February 2020, as well as previous update on lender discussions provided on 14 January 2020. The discussions with its lenders continue and remain constructive. Pending conclusions, Prosafe has received consent from all lenders to

Well-Safe Solutions awards significant work scope for downhole services

February 13, 2020

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Well-Safe Solutions has announced the award of a significant work scope to Schlumberger for the provision of Plug and Abandonment Well Services. The scope includes the supply of cementing service, wireline services, wellbore fluid services and fishing, milling and swarf recovery services. The appointment of Schlumberger was the result of a highly competitive selection process through which Schlumberger demonstrated

Month: February 2020

ENI begins drilling Omanâ€™s first deepwater offshore well

Borr Drilling enters into new financing arrangement for a newbuild jack-up

Popular News â€“ Top 5 from this past week

Remembering the Ocean Ranger

Valaris issues fleet update status with a slew of contracts for their floaters

Transocean adds on $366mm to its back log with recent fleet update status

North America Rig Count: U.S. unchanged and Canada down 2

Talos taps Transocean for work in GOM, contracts the Discoverer Inspiration

Prosafe SE: Update on financial situation, process with lenders and merger with Floatel

Well-Safe Solutions awards significant work scope for downhole services

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