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Month: March 2021

Shelf announces new work and extensions in recent fleet status update

March 4, 2021
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Shelf Drilling issued their fleet status update today and below are the recent events: Shelf Drilling Enterprise completed its contract preparation & rig acceptance for Chevron Thailand and commenced the contract in January 2021. High Island IV returned early to operations for Saudi Aramco in January 2021 from up to 12-month suspension. Main Pass IV completed planned OOS and returned

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Deepwater to have record growth in coming years

March 4, 2021
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Offshore project commitments are expected to not only recover going forward, but their number is also set to reach a new record in the five-year period towards 2025, cumulatively almost 600 projects, a Rystad Energy report shows. Deepwater commitments will enjoy the largest growth as their cost has now become much more competitive against greenfield continental shelf

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Seadrill takes $2.9 billion non-cash impairment for second half of 2020

March 4, 2021
| Archives

Seadrill said on Thursday it had taken an additional $2.9 billion non-cash impairment on its assets due to a bleak outlook for the sector, which has reduced demand for its drilling rigs. Seadrill, which in February filed for Chapter 11 bankruptcy protection in the United States for the second time in four years, said it expected offshore drilling

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Chevron announce carbon capture project with Microsoft and Schlumberger

March 4, 2021
| Archives

Chevron Corp is partnering with Microsoft Corp, oilfield services firm Schlumberger NV and privately held Clean Energy Systems to build a carbon capture plant in California, as the U.S. oil major expands investments in renewable technology. Fossil fuel companies have faced increased pressure in recent years to reduce emissions, spend more on low-carbon energy and disclose the impact

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ENI extends Saipem 10000 until 2023

March 3, 2021
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Italian offshore service provider Saipem has secured a contract extension from Eni for its Saipem 10000 drillship. Saipem said in its latest financial report that the contract of the ship has been extended until 2023 for worldwide operations. Saipem 10000 has been chartered to Eni since 2009. Saipem operates a fleet of 15 offshore drilling rigs of various types. The company

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Fugro awarded more work with ENI Angola

March 3, 2021
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Fugro has been awarded multiple contracts by Eni Angola to carry out geotechnical and environmental surveys off the coast of Angola between now and May, and two Fugro vessels from their world’s largest fleet of specialist geotechnical and geophysical vessels are currently active in the region. Multipurpose survey vessel the Fugro Scout, specifically designed for seabed sampling and in

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Noble awarded more work for the Tom Prosser

March 3, 2021
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Carnarvon Petroleum Limited is pleased to confirm that the Noble Tom Prosser jackup drilling rig has been contracted to drill the Pavo-1 and Apus-1 exploration wells. The drilling program is expected to commence in late 2021 with the Pavo-1 well and will be immediately followed by the Apus-1 well. Both prospects have the potential to materially increase

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A major shift with API as they look at endorsing carbon emission pricing

March 3, 2021
| Archives

The main U.S. oil industry lobby group, the American Petroleum Institute, is weighing endorsing a price on carbon emissions, a major shift after long resisting mandatory government climate policies, a source familiar with the decision-making said. The American Petroleum Institute, which includes most of the world’s biggest oil companies, is considering endorsing carbon pricing “among other policy solutions

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