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Month: August 2020

Maersk Drilling secures one-well gig for the Integrator

August 20, 2020
| Archives

Maersk Drilling has been awarded an additional one-well contract from Aker BP for the low-emission jack-up rig Maersk Integrator. In direct continuation of its previously announced work scope, the rig will move to the Ula field offshore Norway to drill the Ula F – Producer 1 well. The contract has an estimated duration of 85 days and

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How Rig Lynx exploded the online visibility of a Houston Non-Profit

August 19, 2020
| Case Studies

Introduction In 1938, the term ‘networking’ for the oilfield salesperson had not been coined, but a pioneer drilling equipment inventor named Elmer Decker recognized the need for it. Sales trips by U.S. oilfield equipment representatives- including Decker- to other countries were becoming necessary. Few oilfield equipment salespeople knew what to expect outside the U.S. when it came to

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COSL announces contract plans for the Innovator

August 19, 2020
| Archives

Earlier this summer, COSL Drilling Europe announced the signing of a letter of intent for the 6th generation, semi-submersible drilling rig the Innovator. It can now be confirmed that the rig will be used on license PL 973, where Chrysaor is the operator and owner together with its partners Okea and Petoro. The operation will take place

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Valaris announces agreement for significant debt restructure, Lazard ltd to serve as investment banker

August 19, 2020
| Archives

Valaris plc today announced that it has entered into a binding Restructuring Support Agreement (the “RSA”) and Backstop Commitment Agreement (the “BCA”) with approximately 50% of its noteholders (“Consenting Noteholders”). Valaris will undergo a financial restructuring that is intended to reduce its debt load substantially, support continued operations during the current lower demand environment and provide a

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Rig Lynx announces Connected Community to be utilized by Intercontinental Des Services in West Africa

August 18, 2020
| Press Releases

Houston, Texas – August 18 2020 – Rig Lynx, a specialized social network and provider of oil and gas online networking solutions announced today a partnership with Intercontinental Des Services (ICS), a labor contracting and offshore support company based in Pointe Noire, Republic of Congo. Through this partnership Rig Lynx will provide ICS with their Connected Community

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Turkey Confronts EU With New Energy Survey Off Cyprus Coast

August 18, 2020
| Archives

Turkey dispatched a drilling ship to an area off the southwestern coast of Cyprus on Tuesday, in a move that could fuel territorial disputes with EU member states in the eastern Mediterranean. Ankara resumed its search of the contested waters last week after German-mediated negotiations with Greece collapsed when Athens announced a maritime delimitation agreement with Egypt on

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JDC lands 1 year extension for jackup pair

August 18, 2020
| Archives

Jack-up drilling rigs "HAKURYU-10" and "HAKURYU-12", both operated by JDC's subsidiary company "Japan Drilling (Netherlands) B.V." at Al-Shaheen Oil Field, offshore Qatar, have been awarded a one-year contract extension as the second option by North Oil Company ("NOC") under the 2 years firm + 2 x 1 year options contract respectively. Photo: Hakuryu-11 JDC Source: JDC

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Equinor exercises more work for Deepsea Atlantic

August 18, 2020
| Archives

Equinor has today exercised three new wells for Deepsea Atlantic. The wells have been exercised under the Continued Optionality mechanism in the contract entered into between the parties in May 2018, as part of the overall Master Frame Agreement. The work shall commence after the completion of the current scope estimated to be in Q4 2020. The commercial

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