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Month: March 2021

KCA Deutag awarded $110 million in land drilling contracts

March 29, 2021
| Archives

KCA Deutag has secured contracts worth around $110 million for its Land Drilling business in Pakistan, Russia, Kurdistan, south-eastern Europe and Germany. The new business is made up of a mix of contract wins, allowing us to mobilize stacked rigs, and contract extensions. The Group has secured a new five-year contract with a major oil company for

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Maersk bags nine month gig for the Reacher

March 29, 2021
| Archives

Maersk Drilling has been awarded a contract with Aker BP for the ultra-harsh environment jack-up rig Maersk Reacher to assist with well intervention, stimulation and accommodation at the Valhall field offshore Norway. The contract is expected to commence in July 2021 and has a firm duration of 270 days. The firm contract value is approximately USD 33.4m.

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Rig Lynx Weekly Rundown – Noble Drilling and Pacific Drilling Announce Merger

March 28, 2021
| Weekly Rundown

Noble Drilling and Pacific Drilling Announce Merger Noble Corporation and Pacific Drilling Company LLC announced that they have entered into a definitive merger agreement under which Noble will acquire Pacific Drilling in an all-stock transaction. Read More Vantage Drilling and Seadrill Partners finalize agreement on management of SDPL floaters Vantage Drilling International will provide operating, management and marketing services to Seadrill

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Mozambique Restart, Port Harcourt Refinery and Eni Congo Suit WEST AFRICA WEEKLY EP 8

March 27, 2021
| West Africa Weekly

Listen to "EP 8: Mozambique Restart, Port Harcourt Refinery and Eni Congo Suit" on Spreaker. Welcome back to another episode of West Africa Weekly with Greg and Arvy This week they talk about: -Oil Prices -Total Restarting in Mozambique -Nigeria Puts $1.5 Billion Into Refinery Restoration -Eni Asks to Pay $14 Million to Settle Congo Suit -Sparrows Lands 3 Contracts in Angola SUBSCRIBE TO THE

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What is stuck in the Suez Canal, Big O&G Cuddle Up to President Biden and What Does DoorDash and Dirt Have in Common OVERTIME EP 14

March 27, 2021
| OVERTIME

Listen to "Ep 14: What is stuck in the Suez Canal, Big O&G Cuddle Up to President Biden and What Does DoorDash and Dirt Have in Common" on Spreaker. Join Greg and Ryan for another episode of Overtime Live! -Oil Prices -Drilling Expected to Grow Over Next Two Years -What Is Stuck in the Suez Canal? -Big O&G Cuddle Up to President Biden -BKFC 16 Card Results -BKFC

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North America Rig Count: U.S. adds 6 and Canada drops 11

March 27, 2021
| Weekly Rig Count

Baker Hughes Rig Count: U.S. +6 to 417 rigs U.S. Rig Count is up 6 from last week at 417 with oil rigs up 6 to 324, gas rigs unchanged at 92, and miscellaneous rigs unchanged at 1. U.S. Rig Count is down 311 rigs from last year's count of 728, with oil rigs down 300, gas rigs down

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Velesto bags 3 well deal for the NAGA 7 with ConcoPhillips

March 26, 2021
| Archives

The Board of Directors of Velesto Energy Berhad (“VEB”) is pleased to announce that Velesto Drilling Sdn Bhd (“VED”), a wholly-owned subsidiary of Velesto Malaysian Ventures Sdn Bhd, which in turn is a wholly-owned subsidiary of VEB (collectively be referred as “VEB Group”), has been awarded with a Letter of Award from ConocoPhillips Sarawak Limited and ConocoPhillips

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First new oil cargo from Guyana heads to India

March 25, 2021
| Archives

The first cargo from new oil producer Guyana to the world’s third-largest crude importer, India, departed this month from a production facility off the South American nation’s coast in a vessel chartered by trading firm Trafigura, data from Refinitiv Eikon showed on Tuesday. The cargo was bought by HPCL-Mittal Energy Ltd, a joint venture between state-run Hindustan Petroleum

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Floatel stays afloat after debt restructuring

March 25, 2021
| Archives

The Company is pleased to announce that it and the Group have successfully completed its comprehensive balance sheet restructuring, securing a fully consensual deal among all key stakeholders, including shareholders, 1L Bondholders, 2L Bondholders and the Bank Vessel Facility lenders. The Group has retained its existing fleet of 5 operating vessels while substantially reducing its debt by USD

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Shelf Drilling jackup Trident 16 lands two more years with Petrobel

March 25, 2021
| Archives

Shelf Drilling, Ltd. announced that it has secured a two-year contract extension for the Trident 16 jack-up rig in direct continuation of its current term with Belayim Petroleum Company (“Petrobel”) for operations in the Gulf of Suez offshore Egypt. The Trident 16 has been working with Petrobel in Belayim fields since 2015, and following this extension, the

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