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Month: February 2020

Popular News – Top 5 from this past week

February 10, 2020
| Weekly Rundown

This past week we had 6k page views and the top 5 grabbed up 2.8k of them, below are our top 5 articles for the week of Feb 2 – Feb 8! #1 with 1,106 views Noble Fleet Update Status #2 with 699 views International Rig Count up 54 units since January 2019 #3 with 437 views Borr Drilling’s jackup Mist gets an

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International Rig Count up 54 units since January 2019

February 7, 2020
| International Rig Count

Baker Hughes issued their international rig count data, here is the break down: The international rig count for January was 1,078, down 26 units from the count in December and up 54 from the 1024 counted in January 2019. Latin America is down 12 units to 179 from December’s count of 191 units and is down 16 units year-over-year. The

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Tullow reduces headcount in Kenya

February 7, 2020
| Archives

Tullow Oil Plc will reduce its headcount in Kenya by about 40% as part of a company-wide restructuring following poor performances at its Africa and Guyana operations. About 35 workers will become redundant, Tullow Kenya Managing Director Martin Mbogo said in an emailed response to questions. The reduced team “will focus†on achieving a final investment decision for the Kenya project

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Saipem racks up $500mm worth of new contracts

February 7, 2020
| Archives

The first EPCI contract has been awarded by Saudi Aramco in the Kingdom of Saudi Arabia as part of the Long-Term Agreement in force until 2021. The scope of the offshore work encompasses the design, engineering, procurement, construction and installation of a 36†carbon steel pipeline onto the existing network around the Ju’aymah area and brownfield services

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Noble Fleet Update Status

February 7, 2020
| Archives

Today Noble Corp released their fleet update status which included the following: Myanmar • Noble Clyde Boudreaux – Mid March 2020 to Late April 2020 at a dayrate of $135,000. Trinidad • Noble Regina Allen – February 2021 to March 2021 (extension). See full fleet update status here Source: Noble Check out our other current stories! Sembcorp in talks for completion of 2 drillshipsMaersk

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Sembcorp in talks for completion of 2 drillships

February 7, 2020
| Archives

Sembcorp Marine Ltd refers to its announcement of 7 October 2019 in relation to the settlement reached with various subsidiaries of Sete Brasil (the “Sete Groupâ€). The settlement agreement for all contracts with the Sete Group is subject to certain conditions precedent being fulfilled. The Company wishes to inform that all conditions precedent have been fulfilled and the

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Maersk Fleet Update Status

February 5, 2020
| Archives

See full fleet update status here After the end of Q4 2019, the following contracts and extensions were signed: Maersk Integrator: Awarded extension from Aker BP in Norway with a minimum contractual duration of 93 days in direct continuation of the rig’s current work scope. The extension has a firm value of approximately USD 25.5m, excluding a potential performance

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Brazil offshore oil auctions, U.S. set to assist

February 5, 2020
| Archives

The U.S. government is ready to help Brazil design more effective oil auctions, the U.S. secretary of energy said on Sunday, after the South American nation’s attempt to sell tens of billions of dollars of production rights to private firms last year largely flopped.  In November, Brazil, a staunch U.S. ally under far-right President Jair Bolsonaro, tried to

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Helmerich and Payne see “modest†increase in rig activity

February 5, 2020
| Archives

U.S. drilling contractor Helmerich and Payne anticipates customer spending declining about 10% in 2020 from last year’s level, the company’s finance chief said on Tuesday. The reduced spending would imply that U.S. producers will drill 2,300 fewer wells this year than 2019’s total of about 16,400 wells. That would mark a 14% year-over-year decline, the company said. Even so,

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